Louisiana Citizens ups Bayou Re target to $220mn, refines pricing guidance
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Louisiana Citizens ups Bayou Re target to $220mn, refines pricing guidance

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Louisiana Citizens has increased the target limit on its Bayou Re catastrophe bond by 47% to a maximum of $220mn, as pricing on the Class A notes lowered and on the Class B notes moved to the upper end of guidance.

The bond will provide cover for named storms in Louisiana on an indemnity, per-occurrence basis.

The state carrier is now seeking $120mn of Class A coverage, up from $100mn.

Pricing

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