The North Carolina Farm Bureau has now secured the 54% upsized $500 million of reinsurance limit from its new Blue Ridge Re Ltd. (Series 2025-1) catastrophe bond issuance, while pricing settled well below guidance for most of the tranches of notes on offer, Artemis has learned.
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The North Carolina Farm Bureau has now raised the target size for its latest catastrophe bond sponsorship, with protection from the Blue Ridge Re Ltd. (Series 2025-1) cat bond issuance now expected to fall between $475 million and as much as $500 million, while the price guidance has been reduced for three of the tranches […]
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The North Carolina Farm Bureau has returned to the catastrophe bond market for the second time, seeking to sponsor a $325 million issuance of Blue Ridge Re Ltd. (Series 2025-1) cat bond notes that will expand its capital markets backed reinsurance to include additional perils, while also adding aggregate protection for the first time.
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