News & Analysis Results

Parkton Re catastrophe bond closes up at $200m

News 29th July 2009

The Parkton Re cat bond issued by Swiss Re America has closed successfully. The deal which started life at $125m was upsized due to demand to $200m demonstrating again the appetite of investors to diversify investment portfolios into the insurance linked securities arena. Parkton Re, though issued by Swiss Re, is designed to provide them […]

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Swiss Re places $125m Parkton Re catastrophe bond

News 11th July 2009

Swiss Reinsurance America Corp. has returned to the cat bond market to issue the third deal this year involving Swiss Re. Parkton Reinsurance Ltd. is a Cayman Islands special purpose vehicle set up to issue a $125m bond on behalf of two North Carolina nonprofit insurance associations (the North Carolina Joint Underwriting Association and the […]

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Cape Lookout Re Ltd. North Carolina cat bond launches at $250m

News 21st January 2019

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 […]

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North Carolina hurricane cat bond Tar Heel Re Ltd. completes

News 9th April 2013

Another catastrophe bond has settled and completed today, securing a source of hurricane reinsurance protection for the two North Carolina wind pools, the North Carolina Joint Underwriters Assn. (NCJUA) and the North Carolina Insurance Underwriters Assn. (NCIUA). The successful completion of the Tar Heel Re Ltd. (Series 2013-1) cat bond brings another $500m of risk […]

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Tar Heel Re cat bond grows to $500m, follows trend on lower pricing

News 25th March 2013

The trend for recent catastrophe bonds to see very attractive terms and pricing continues with North Carolina wind pools, the North Carolina Joint Underwriters Assn. (NCJUA) and the North Carolina Insurance Underwriters Assn. (NCIUA), Tar Heel Re Ltd. (Series 2013-1) cat bond. As insurance linked securities (ILS) investors demonstrate once again their strong appetite for […]

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