Pelican III Re Ltd. Series 2015-1

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LA Citizens achieved reinsurance savings with Pelican III Re cat bond

Louisiana Citizens Property Insurance achieved attractive savings at its reinsurance renewal thanks to strong investor support for its $100m Pelican III Re Ltd. (Series 2015-1), the insurers third catastrophe bond transaction.The $100m Pelican III Re 2015-1 cat bond secured Louisiana Citizens a fully-collateralized source of per-occurrence reinsurance protection for named read the full article →

Louisiana Citizens Pelican III Re cat bond prices below guidance

Louisiana Citizens Property Insurance's latest catastrophe bond transaction, Pelican III Re Ltd. (Series 2015-1), has now been priced and at a level below the guidance, showing that investors were very willing to support the insurers risk transfer needs, even at a low multiple.The Pelican III Re cat bond is a read the full article →

Louisiana Citizens back with $100m Pelican III Re catastrophe bond

As expected Louisiana Citizens Property Insurance is returning to the catastrophe bond market for the third time with a new SPI vehicle to sponsor a $100m or greater Pelican III Re Ltd. (Series 2015-1) indemnity bond.Louisiana Citizens, the non-profit residential and commercial property insurer for those who cannot access private market read the full article →