Pelican Re Ltd

More anecdotal evidence suggests that Louisiana Citizens Pelican Re Ltd. (Series 2012-1) catastrophe bond will not be triggered by claims resulting from hurricane Isaac. Just the other day Richard Robertson, the chief executive of Louisiana Citizens, made comments which suggested he felt the cat bond would not be in danger. Now the Louisiana Insurance Commissioner, […]

One of the unknowns that we have been left to ponder after hurricane Isaac’s assault on Louisiana and the surrounding states is the fate, or otherwise, of the Pelican Re Ltd. (Series 2012-1) catastrophe bond. Pelican Re, issued in April 2012, provides the Louisiana state property insurer of last resort, Louisiana Citizens, with a source […]

Hurricane Isaac has begun to come ashore in southeast Louisiana, read our latest article on the storms impacts and progress here. We’ve discussed the potential weather impacts extensively in that article but here we’re going to look at the potential reinsurance, insurance and also catastrophe bond impacts that could result from the first hurricane to […]

Louisiana Citizens Property Insurance Corporation, a non-profit insurer of last resort for residential and commercial property owners in the state of Louisiana, now benefits from catastrophe bond cover for the first time. The Pelican Re Ltd. catastrophe bond which they sponsored priced and completed and the notes have now been listed on the Cayman Islands […]

The Pelican Re Ltd. catastrophe bond which is sponsored by Louisiana Citizens Property Insurance Corporation, a non-profit insurer of last resort for residential and commercial property owners in the state of Louisiana, has increased in size before closing and has now priced. The first cat bond from Louisiana Citizens, Pelican Re will provide them with […]

There are three catastrophe bonds in the final phase of their marketing and execution at the moment, all of which are due to complete within the next week. Akibare II Ltd. and Pelican Re Ltd. are both due to price tomorrow according to our sources and will settle next week, Blue Danube Ltd. has we […]

Market sources have told us that another of the large U.S. State non-profit insurers has decided to tap the capital markets for a portion of its reinsurance cover this year. Louisiana Citizens Property Insurance Corporation, a non-profit insurer of last resort for the residential and commercial property owners in the state of Louisiana who aims […]