Johnston Re Ltd. now affords North Carolina $507m of catastrophe bond cover
19th May 2011The recently closed Johnston Re Ltd. Series 2011-1 catastrophe bond transaction has helped bring the amount of capital market cover for hurricanes afforded to the two North Carolina non-profit insurance associations, the North Carolina Joint Underwriters Assn. (NCJUA) and the North Carolina Insurance Underwriters Assn. (NCIUA) to $507m.
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