Cape Lookout Re Ltd. Series 2021-1

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NCIUA’s new cat bond hits $250m raised target, price drops 13%

The North Carolina Insurance Underwriting Association (NCIUA) latest catastrophe bond has now upsized by 150%, with the Cape Lookout Re Ltd. (Series 2021-1) transaction set to provide it $250 million of reinsurance from the capital markets. At the same time, the spread on the cat bond notes dropped considerably thanks to read the full article →

NCIUA’s new Cape Lookout Re cat bond to more than double to $250m

The North Carolina Insurance Underwriting Association (NCIUA) looks set for strong execution within the catastrophe bond market with its first issuance of 2021, as the target for its new Cape Lookout Re Ltd. (Series 2021-1) transaction has been more than doubled to $250 million in size. This is the latest catastrophe read the full article →

NCIUA returns for $100m Cape Lookout Re 2021 cat bond

The North Carolina Insurance Underwriting Association (NCIUA) is back in the catastrophe bond market with its first issuance of 2021, a currently $100 million Cape Lookout Re Ltd. (Series 2021-1) transaction that will sit in the higher layers of its reinsurance tower. The North Carolina Insurance Underwriting Association (NCIUA) is a read the full article →