Nature Bonds project enables Bahamas to effectively manage its …
1 day ago · The Bahamas will improve ocean conservation and effective management of its protected areas through an innovative "Nature Bonds project" which enables the country to finance conservation efforts while managing its high level of sovereign debt. AXA XL's Political Risk, Credit & Bond team is providing credit insurance protection for the Bahamian government.
Axa XL to put $30M in credit insurance toward Bahamas marine ...
1 day ago · Axa XL, a unit of Axa SA, will provide $30 million in credit insurance to a debt-for-nature swap in the Bahamas that aims to unlock $124 million to fund ocean conservation.
Global Commercial Insurance and Reinsurance | AXA XL
AXA XL is a leading provider of P&C global commercial insurance offering insurance and reinsurance to enterprises of every kind and size. AXA XL helps you take your business further.
StanChart Seals Deal for $300 Million Debt Swap for Bahamas
1 day ago · Alongside a $200 million partial guarantee from the IDB, Builders Vision will offer a $70 million collateralized guarantee and Axa XL will provide $30 million of insurance. Earlier deals relied on multilateral development banks and the US International Development Finance Corp. for credit enhancement.
The Nature Conservancy Announces Innovative Nature Bonds …
1 day ago · The new financing benefits from a comprehensive credit-enhancement package: a USD 200 million partial credit guarantee from the IDB, alongside a USD 70 million collateralized guarantee from Builders Vision and USD 30 million in credit insurance from AXA XL. Rothschild & Co served as sole financial advisor to the Ministry of Finance.
Closing the talent gap | AXA XL
4 days ago · Insurance Business named AXA XL a Top Insurance Employer for 2024 in Australia and New Zealand. The magazine cited AXA XL for its “exceptional service culture”. It also noted that “diversity, equity and inclusion (DE&I) are critical to the business culture, with processes and controls designed to avoid bias in recruiting and promoting”.
AXA XL backs Bahamas debt swap with $30mn insurance
1 day ago · Builders Vision, an impact investor, has provided a credit guarantee of $70 million, while Axa XL has offered $30 million in insurance. The Inter-American Development Bank (IDB) provided a $200 million partial credit guarantee for the debt swap. This enabled Standard Charted to set the interest rate for its 15-year loan at 4.7%, a rate that the ...
Bahamas debt swap unlocks $124 million for ocean protection
1 day ago · The Bahamas deal is the first new generation debt swap to involve guarantees and insurance from the private sector with Builders Vision, an impact investor, putting up a $70 million credit ...
Axa XL - Wikipedia
Axa XL is an American subsidiary of global insurance and reinsurance company Axa. It is headquartered in Stamford, Connecticut, domiciled in Hamilton, Bermuda, and has more than 100 offices on 6 continents. In 2016, the company wrote $13.890 billion in gross premiums, of which 69% was insurance, 29% was reinsurance, and 2% was other.
AXA XL Reinsurance CEO ‘bullish’ for 2024 | Insurance Asia
Feb 22, 2024 · Despite last year’s bludgeoning turn of events, AXA XL Reinsurance chief executive officer Renaud Guidée said the global reinsurance sector is currently facing a pivotal moment amidst escalating risks in an uncertain macroeconomic landscape. Reflecting on 2023, the CEO in an AXA XL article said it was a transformative period for the industry.