NCFB $1.25bn cat XL 1.1 renewal up 50-65% rate risk-adjusted

Lockton Re and Farm Bureau

North Carolina Farm Bureau (NCFB) and its broker Lockton Re have issued initial firm order terms (FOTs) on the London share of its 1 January cat XL placement with risk-adjusted rates up 50-65 percent and stricter terms as they face strong reinsurer resolve on pricing, The Insurer understands.

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