Louisiana Citizens Pelican Re catastrophe bond lists in Caymans


Louisiana Citizens Property Insurance Corporation, a non-profit insurer of last resort for residential and commercial property owners in the state of Louisiana, now benefits from catastrophe bond cover for the first time. The Pelican Re Ltd. catastrophe bond which they sponsored priced and completed and the notes have now been listed on the Cayman Islands Stock Exchange (CSX).

Pelican Re upsized before close to secure Louisiana Citizens $125m of indemnity (UNL) cover on a per occurrence basis for hurricanes impacting Louisiana State over a three year period.

The $125m tranche of Series 2012-1 Class A Principal-at-Risk Variable Rate Notes due 13th April, 2015 listed on the CSX yesterday. The specialist debt shelf programme under Pelican Re Ltd. is now available for Louisiana Citizens to issue further series of cat bond notes until April 2017.

Artemis London 2022 - Insurance-linked securities conference in LondonTickets are selling fast for Artemis London 2022, our first ILS conference in London. Sept 6th, 2022.

Register soon to ensure you can attend.

Secure your place at the event here!

Print Friendly, PDF & Email

Artemis Newsletters and Email Alerts

Receive a regular weekly email newsletter update containing all the top news stories, deals and event information

  • This field is for validation purposes and should be left unchanged.

Receive alert notifications by email for every article from Artemis as it gets published.