Cape Lookout Re Ltd

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NCIUA sponsors $100m riskier, second Cape Lookout Re cat bond of 2019

The North Carolina Insurance Underwriting Association (NCIUA) has returned to the catastrophe bond market for a second issuance in 2019, with a new $100 million Cape Lookout Re Ltd. (Series 2019-2) currently being offered to ILS investors.The North Carolina Insurance Underwriting Association (NCIUA) is the coastal property insurance underwriting pool read the full article →

Cape Lookout Re cat bond upsized by 80% to $450m

The Cape Lookout Re Ltd. (Series 2019-1) catastrophe bond, which is being issued on behalf of sponsor The North Carolina Insurance Underwriting Association (NCIUA), has increased in size significantly while marketing, growing 80% from its $250 million launch to reach $450 million in size.The Cape Lookout Re cat bond is read the full article →

Cape Lookout Re Ltd. North Carolina cat bond launches at $250m

The North Carolina Insurance Underwriting Association (NCIUA) is seeking capital markets support for its reinsurance program with the issuance of a $250 million Cape Lookout Re Ltd. (Series 2019-1) catastrophe bond that will be exposed to name storm and thunderstorm risks.The North Carolina Insurance Underwriting Association (NCIUA) is no stranger read the full article →