AXA Global P&C announces the successful placement of €275 million catastrophe bonds

AXA Global P&C (formerly AXA Cessions) announced today the successful placement of €275 million catastrophe bonds due January 2014 (the Bonds) to institutional investors. The Bonds are issued by Calypso Capital Limited, an Irish special purpose company, under a €1.5 billion catastrophe bond program set up by AXA Global P&C. The Bonds represent the largest Euro denominated catastrophe bond issuance to date.