Embarcadero Re Ltd. Series 2012-2

The California Earthquake Authority (CEA) have successfully completed their third catastrophe bond issuance in the last twelve months through the Embarcadero Re Ltd. transformer vehicle, bringing the total cat bond coverage the CEA benefits from to $600m. The latest issuance,  Embarcadero Re Ltd. (Series 2012-2), completed successfully and was rated yesterday, securing the CEA $300m […]

The California Earthquake Authority (CEA) are in the process of bringing their third catastrophe bond deal to market through the Embarcadero Re Ltd. transformer vehicle. The latest deal in the cat bond market in Q3, Embarcadero Re Ltd. (Series 2012-2), will issue a single tranche of Class A notes to be sold to investors which are […]

The California Earthquake Authority (CEA) are to return to the catastrophe bond market for the third time in a year to sponsor another transaction through the Embarcadero Re Ltd. transformer vehicle. As we wrote back in May, the CEA governing board approved the issuance of further catastrophe bonds through a transformer reinsurance vehicle. At that […]