Bayou Re Ltd

Louisiana Citizens Property Insurance Corporation has secured the 40% upsized target for $280 million of collateralized named storm reinsurance from the Bayou Re Ltd. (Series 2025-1) catastrophe bond issuance, which now becomes the insurers largest cat bond ever, Artemis can report.

Louisiana Citizens Property Insurance Corporation, a non-profit residential and commercial property insurer for those unable to access private market insurance in the state, is now targeting $280 million of collateralized named storm reinsurance from its Bayou Re Ltd. (Series 2025-1) catastrophe bond issuance, while the spread guidance has narrowed from initial guidance, Artemis has learned.

Louisiana Citizens Property Insurance Corporation, a non-profit residential and commercial property insurer for those unable to access private market insurance in the state, is back in the catastrophe bond market with a $200 million initial target for collateralized named storm reinsurance from a Bayou Re Ltd. (Series 2025-1) issuance, we have learned.

Louisiana Citizens Property Insurance Corporation has now secured the upsized $275 million of collateralized named storm reinsurance from its new Bayou Re Ltd. (Series 2024-1) catastrophe bond as pricing was finalised at the low-end of reduced guidance, with the deal becoming its largest cat bond to-date.

Louisiana Citizens Property Insurance Corporation, the non-profit insurer of last resort for residential and commercial property policies in the state, has raised its upper target for its new catastrophe bond to as much as $275 million of collateralized named storm reinsurance from the Bayou Re Ltd. (Series 2024-1) issuance.

Louisiana Citizens Property Insurance Corporation, the non-profit residential and commercial property insurer for those who cannot access private market insurance in the state, has returned to the catastrophe bond market aiming to secure $225 million of collateralized named storm reinsurance through a Bayou Re Ltd. (Series 2024-1) issuance.

Louisiana Citizens Property Insurance Corporation has now priced its new Bayou Re Ltd. (Series 2023-1) catastrophe bond deal, which will settle at $195 million in size becoming its largest cat bond sponsored to-date.

Louisiana Citizens Property Insurance Corporation is the latest catastrophe bond sponsor in 2023 to target an enlarged issuance size, with what was a $150 million target for its new Bayou Re Ltd. (Series 2023-1) deal, now lifted to target as much as $220 million in reinsurance from the cat bond.

Louisiana Citizens Property Insurance Corporation, the non-profit residential and commercial property insurer for those who cannot access private market insurance in the state, is back in the catastrophe bond market, seeking $150 million of named storm reinsurance through a Bayou Re Ltd. (Series 2023-1) deal.