Appleby Bermuda Advises Cape Lookout Re Ltd. on USD600M Catastrophe Bond Issuance
Published: 2 Apr 2026
Type: Deals
The North Carolina Insurance Underwriting Association has secured its second catastrophe bond with an integrated disaster resilience bond feature, as the Cape Lookout Re Ltd. (Series 2026-1) notes were successfully priced and secured at USD600 million of reinsurance limit, representing a 50% increase from the initial offering target.
Primary Contact
Appleby acted as Bermuda counsel, advising Cape Lookout Re Ltd. on all Bermuda law matters.
The transaction was led by Bermuda Managing Partner Brad Adderley, with support from Senior Associate Melinda Mayne and Associate Milaun Perott.
