Cape Lookout Re Ltd. Series 2019-1

The Cape Lookout Re Ltd. (Series 2019-1) catastrophe bond, which is being issued on behalf of sponsor The North Carolina Insurance Underwriting Association (NCIUA), has increased in size significantly while marketing, growing 80% from its $250 million launch to reach $450 million in size.

The North Carolina Insurance Underwriting Association (NCIUA) is seeking capital markets support for its reinsurance program with the issuance of a $250 million Cape Lookout Re Ltd. (Series 2019-1) catastrophe bond that will be exposed to name storm and thunderstorm risks. The North Carolina Insurance Underwriting Association (NCIUA) is no stranger to the catastrophe bond […]