A coaxial connector assembly (100) includes a connector module (102) having a connector body (126) that includes contact cavities (126) extending between a front side (132) and a rear side (134) of the connector body. The connector module (102) has a cover (140) having openings (180). Coaxial contacts (200) are received in corresponding contact cavities (126) each having a coaxial signal element (204) and outer contact (206). The outer contact (206) has a cable segment (210) coupled to a coaxial cable (202) and a mating segment (212). The cable segment (210) has a front section (214) and a rear section (216) having a larger diameter (220) than the front section (214) and located rearward of the cover (140) to receive the cable (202). The front section (214) passes through the opening (180) into the contact cavity (126) to engage the mating segment (212). Biasing springs (208) are located between the cover (140) and the mating segment (212) of the coaxial contact (200) to bias the coaxial contact (200) in the mating direction (110).