Golden State Re II Ltd Series 2018-1

It appears that investor appetite for the new Golden State Re II Ltd. (Series 2018-1) catastrophe bond, that provides reinsurance protection for workers compensation claims caused by earthquakes, has not been as high as expected, as the deal has shrunk slightly to $210 million in size, while the pricing has been fixed at the top-end […]

A renewal of the only catastrophe bond in the market that provides its sponsor with reinsurance protection for workers compensation claims caused by earthquakes is underway, as a currently $225 million Golden State Re II Ltd. (Series 2018-1) transaction has been launched to the market.