Golden State Re II Ltd Series 2014-1

The recently completed Golden State Re II Ltd. catastrophe bond, sponsored by the California State Compensation Insurance Fund (SCIF), demonstrated the “rapidly changing dynamics in the ILS landscape over the last three years,” according to WCMA’s Tony Ursano.

The California State Compensation Insurance Fund’s (SCIF) catastrophe bond renewal, Golden State Re II Ltd., has now been priced right at the low-end of initial coupon guidance, again showing investors continuing appetite for the ILS asset class.

The California State Compensation Insurance Fund’s (SCIF) catastrophe bond renewal, Golden State Re II Ltd., looks set to secure the fund additional protection compared to its maturing deal as the cat bond has upsized by two-thirds to $250m.

More details on the recently launched Golden State Re II Ltd. catastrophe bond transaction have come to light, showing how time of day is a key factor of a qualifying earthquake, with the publication of a pre-sale report from Standard & Poor’s.

A new catastrophe bond transaction, Golden State Re II Ltd., has launched on behalf of the California State Compensation Insurance Fund (SCIF) as it looks to secure more capital market protection for workers compensation claims caused by earthquakes.