California Earthquake Authority

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Catastrophe bonds 20% of CEA’s risk transfer, more possible in 2015

Catastrophe bonds now contribute more than 20% of the California Earthquake Authority's risk transfer and reinsurance coverage and there will likely be more to come as the organisation looks to leverage its transformers again in 2015.The California Earthquake Authority (CEA), a not-for-profit, publicly managed-privately funded, provider of homeowner and renters read the full article →

Ursa Re 2014-1 CalQuake cat bond prices above mid-point

In another sign that investors will not keep lowering the relative returns on catastrophe bonds the Ursa Re Ltd. (Series 2014-1) cat bond, sponsored by the California Earthquake Authority, has been priced above the original mid-point.It's the first cat bond in a while to price higher than the middle of read the full article →

Cat bonds help California Earthquake Authority to offer rate reduction

The California Earthquake Authority (CEA), the publicly managed residential earthquake insurance provider, is proposing to reduce homeowners rates, as savings made due to catastrophe bonds and lower-cost reinsurance flow through to consumers.The CEA has sponsored a number of catastrophe bonds in recent years, including 2011's Embarcadero Re Ltd. (Series 2011-1) read the full article →