The North Carolina Insurance Underwriting Association (NCIUA) has now secured the 75% upsized target of $350 million in named storm reinsurance protection from its new Cape Lookout Re Ltd. (Series 2023-1) catastrophe bond, that has been priced around 12% below the mid-point of initial guidance.
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The North Carolina Insurance Underwriting Association (NCIUA) has raised its target for its latest catastrophe bond, with now $350 million of named storm reinsurance protection sought from the capital markets through this Cape Lookout Re Ltd. (Series 2023-1) transaction.
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The North Carolina Insurance Underwriting Association (NCIUA) is back in the catastrophe bond market, seeking $200 million or more in named storm reinsurance protection from a Cape Lookout Re Ltd. (Series 2023-1) transaction.
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