XL Galileo cat bond may point to rate rises

XL Catlin has launched a $150mn Galileo Re cat bond which seems
to give an early indication of rate increases in the
insurance-linked securities space, The Insurance
Insider's sister publication Trading
Risk has reported.
With little traditional catastrophe reinsurance business up for
renewal in the fourth quarter, the market will be watching new cat
bond transactions closely for indications on the way pricing will
respond to the c.$100bn of cat losses.
The Galileo Re 2017-1 cat bond has two lay