Cape Lookout Re Ltd

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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 →

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 →