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NCIUA prices $250mn cat bond at bottom of range

Houses in Houston suburb flooded from Hurricane
Houses in Houston suburb flooded from Hurricane, August 2018
Banphote Kamolsanei/Getty Images/iStockphoto

The North Carolina Insurance Underwriting Association (NCIUA) has priced its latest cat bond at the bottom of the updated range offered to investors, with the issuance size up 150% from the original figure, industry sources have said.

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