NCIUA shrinks Cape Lookout Re cat bond to $350mn
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NCIUA shrinks Cape Lookout Re cat bond to $350mn

The bond will provide coverage for named storms in North Carolina.

By Rachel Dalton
February 10, 2025
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Severe thunderstorm lowering cloud threatens tornado

The North Carolina Insurance Underwriting Association (NCIUA) has reduced the size of its 2025-28 Cape Lookout Re cat bond to $350mn, Insurance Insider ILS understands.

The

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Topics

News Catastrophe bonds Retrocession Insurers North America
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