Louisiana Citizens Property Insurance Corporation, a non-profit insurer in the state, is seeking $280 million in named storm reinsurance through its Bayou Re Ltd. (Series 2025-1) cat bond issuance. Originally targeting $200 million, the increase to $280 million makes it their largest cat bond ever. This is their third cat bond under Bayou Re Ltd., emphasizing the importance of capital market investors in providing reinsurance protection against named storms in Louisiana. The Series 2025-1 Class A notes have tightened spread guidance, now offered at a range of 7% to 7.5%. The cat bond provides reinsurance coverage for three years on a per-occurrence basis with an indemnity trigger. This latest issuance highlights the continuing trend of insurers utilizing the capital markets for reinsurance support. Investors can learn more about this and other cat bonds in the Artemis Deal Directory, demonstrating the growth and importance of the catastrophe bond market in providing financial protection against natural disasters.
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