Trading Risk is part of the Delinian Group, Delinian Limited, 8 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2023

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Pelican B $50mn Class B notes set for total loss

Louisiana Citizens.png

Louisiana Citizens’ Pelican Re 2021 cat bond is expected to be a total loss, after loss creep from Hurricane Ida eroded the $50mn Class B layer and the insurer exhausted its reinsurance coverage for the storm, sources said.