The Golden State Re Ltd. catastrophe bond, which completed recently to provide the California State Compensation Insurance Fund (SCIF) with protection for certain workers compensation claims resulting from major earthquakes, has now had the cat bond notes it issued approved for listing on the Bermuda Stock Exchange (BSX).
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Risk Management Solutions (RMS) provided risk modelling, analysis and acts as calculation agent for the recently closed $200m Golden State Re Ltd. catastrophe bond. The innovative deal provides cover for workers compensation claims that result from earthquakes and as such the modelling aspect is unique in the cat bond market and features payout factors based […]
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The recently completed Golden State Re Ltd. catastrophe bond, designed to provide the California State Compensation Insurance Fund (SCIF) with a source of reinsurance cover for workers compensation claims resulting from major earthquakes, has been hailed as groundbreaking by many. The linkage this deal provides between earthquake losses and the resulting workers compensation claims is […]
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The Golden State Re Ltd. catastrophe bond, which is designed to provide the California State Compensation Insurance Fund (SCIF) with protection for certain workers compensation claims resulting from major earthquakes has successfully completed and secured $200m of cover for the SCIF. This unique deal links earthquake intensity and severity to workers compensation loss totals, providing […]
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A new catastrophe bond has come to market which aims to provide coverage for workers compensation losses resulting from earthquakes. Golden State Re Ltd. is a Bermuda domiciled special purpose insurer set up to provide coverage to the California State Compensation Insurance Fund (SCIF) for claims they may have to pay resulting from major earthquakes. […]
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