The North Carolina Insurance Underwriting Association (NCIUA) just missed the revised upper-end target for its new Cape Lookout Re Ltd. (Series 2022-1) catastrophe bond issuance, with the deal eventually pricing to offer the insurance pool $330 million of reinsurance protection.
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The North Carolina Insurance Underwriting Association (NCIUA) has lifted the upper-end target for its new Cape Lookout Re Ltd. (Series 2022-1) catastrophe bond issuance, with the deal now expected to close at up to $350 million in size.
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The North Carolina Insurance Underwriting Association (NCIUA) has returned to the catastrophe bond market for its first issuance of 2022, seeking $300 million or more in collateralized reinsurance protection from a Cape Lookout Re Ltd. (Series 2022-1) issuance.
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