Ursa Re Ltd. Series 2016-1

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CEA likes Ursa Re execution, may look to cat bonds again in 2017: CEO

The California Earthquake Authority (CEA) is pleased that ILS investors helped it to lock in a large slice of reinsurance protection at attractive pricing with its just completed $500 million Ursa Re Ltd. (Series 2016-1) catastrophe bond and may explore sponsoring additional cat bonds in 2017, its CEO told Artemis.The read the full article →

CEA to get $500m of reinsurance with Ursa Re cat bond, priced at top-end

The California Earthquake Authority’s (CEA) is set to achieve its $500 million of collateralized reinsurance protection upper target from the Ursa Re Ltd. (Series 2016-1) catastrophe bond transaction, but pricing has settled at the top end of guidance we're told.CEA's latest cat bond, Ursa Re 2016-1, launched earlier this month read the full article →

CEA’s Ursa Re 2016-1 catastrophe bond could grow to $500m

According to sources the California Earthquake Authority's (CEA) latest catastrophe bond offering, the Ursa Re Ltd. (Series 2016-1) transaction, could be upsized to as large as $500 million in size with pricing moving towards the upper end of initial guidance.The Ursa Re 2016-1 cat bond launched earlier this month and read the full article →

Ursa Re 2016-1 cat bond seeks $300m of quake reinsurance for CEA

The California Earthquake Authority (CEA) is back with a $300 million Ursa Re Ltd. (Series 2016-1) catastrophe bond offering, as the provider of earthquake insurance cover in California seeks to continue its relationship with the capital markets through a new transaction.The CEA has been utilising the catastrophe bond market as read the full article →