Louisiana Citizens looks for aggregate cover in Pelican cat bond renewal
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Louisiana Citizens looks for aggregate cover in Pelican cat bond renewal

Fiona Robertson
16 April 2021
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Louisiana Citizens is hoping to raise $125mn from a renewal of its Pelican Re cat bond, including an annual aggregate layer for the first time in one of its ILS transactions.

The new issuance will more than replace $100mn of expiring cat bond cover from a 2018 Pelican Re deal, and will complement $60mn of ongoing cover from a Catahoula Re cat bond deal the insurer raised last year.

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