Blue Ridge cat bond safe as NCFB notifies $270mn Helene loss
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Blue Ridge cat bond safe as NCFB notifies $270mn Helene loss

The Class B notes on the carrier’s debut deal attach at $500mn of losses.

By Jai Singh
November 27, 2024
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north carolina storm damage hurricane helene.png

North Carolina Farm Bureau’s (NCFB) Blue Ridge cat bonds have escaped a trigger event after the carrier notified investors of a $270mn loss from Hurricane Helene, according to sources.

The

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Topics

News Reinsurers Insurers Catastrophe losses North America
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