The sponsor is the first to benefit from a cat bond issuance that has disaster-resilience features integrated in it
NCIUA cat bond integrated disaster-resilience feature | | | NCIUA's recent catastrophe bond included integrated disaster-resilience feature  The North Carolina Insurance Underwriting Association (NCIUA) has become the first catastrophe bond sponsor to benefit from an issuance that has disaster-resilience features integrated in it, with its recent $600 million Cape Lookout Re Ltd. (Series 2025-1) the very first cat bond to include an additional resilience feature. As a result, this recent cat bond deal has become the first and only example of an insurance-linked securities (ILS) deal that also classifies as a true resilience bond, which we see as breaking new ground in the catastrophe bond and ILS market. The resilience spread and trigger integrated into the Cape Lookout Re 2025-1 catastrophe bond acts both as a source of resilience capital for the NCIUA to support its constituents, and an additional potential payment to investors should they appear to be nearing facing losses on the cat bond itself. Read the full story. Other articles: | | | | | | Please share this with colleagues and friends if you think they would like to receive it.
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