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.

Want to read this article?

Subscribe for FULL access to this article - and ALL our premium content

For details on how to subscribe or for all commercial opportunities, including advertising, please contact:

Spencer Halladey
Commercial director
Tel: +44 (0) 203 934 6687

Andy Stone
Sales manager
Tel: +44 (0) 203 934 6684

Subscribers get access to:

  • Full web access to all content
  • Regular breaking news/analysis by email on all critical issues
  • Two daily round-ups of the day’s news
  • Opinion from market thought-leaders and exclusive data on the industry
  • Control over the content you receive - and WHEN you receive it
  • Access to The Insurer App
  • Discounted subscriber prices for all our events
  • Dedicated account manager to ensure you receive the best value for money 

If you are a subscriber you can SIGN IN now for FULL access