Blue Ridge Re Ltd

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.

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 […]

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.

The North Carolina Farm Bureau has now secured and priced its debut Blue Ridge Re Ltd. (Series 2023-1) catastrophe bond issuance at the upsized target size of $400 million, while the notes have been priced within the initial guidance range.

The North Carolina Farm Bureau has now upsized its target for named storm reinsurance protection from the capital markets via its debut Blue Ridge Re Ltd. (Series 2023-1) cat bond issuance, with the deal now being offered at a suggested $400 million, evenly split across the two tranches on offer.

Another new sponsor has entered the catastrophe bond market this year, with the North Carolina Farm Bureau seeking $250 million of named storm reinsurance protection from the capital markets via its debut Blue Ridge Re Ltd. (Series 2023-1) cat bond issuance.