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Louisiana Citizens secures Bayou Re cat bond at $195m

May 12, 2023

Louisiana Citizens Property Insurance Corporation has now priced its new Bayou Re Ltd. (Series 2023-1) catastrophe bond deal, which will settle at $195 million in size becoming its largest cat bond sponsored to-date.

This will now be the largest catastrophe bond that Louisiana Citizens Property Insurance Corporation has ever sponsored and is the ninth catastrophe bond from the property insurance residual market, according to our Deal Directory.

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