Louisiana Citizens raises $195mn limit with Bayou Re deal
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Louisiana Citizens raises $195mn limit with Bayou Re deal

Liz Bury
12 May 2023
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Louisiana Citizens has raised $195mn of limit with its latest Bayou Re cat bond deal, pricing the Class A notes below initial guidance and the Class B notes at the upper edge.

The deal will provide named-storm coverage on an indemnity, per-occurrence basis.

The Class A notes sized at $120mn, up on the initially targeted $100mn.

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