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NCJUA returns for first catastrophe bond since 2013, $125m Longleaf Pine Re

April 23, 2024

The North Carolina Joint Underwriting Association (NCJUA) has returned to the catastrophe bond market for the first time since 2013, seeking $125 million of more in aggregate named storm reinsurance from this Longleaf Pine Re Ltd. (Series 2024-1) issuance.

Previously, the North Carolina Joint Underwriting Association (NCJUA) had sponsored catastrophe bonds alongside the North Carolina Insurance Underwriting Association (NCIUA), the last being the Tar Heel Re 2013 cat bond issuance.

The NCIUA returned in 2019 and since has sponsored catastrophe bonds on its own under the Cape Lookout Re series of deals.

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