Ursa Re Ltd. Series 2017-1

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Ursa Re ‘program notes’ help CEA tap ILS investors more efficiently: Swiss Re

The recently completed $925 million Ursa Re Ltd. (Series 2017-1) catastrophe bond, which is the largest transaction to-date sponsored by the California Earthquake Authority (CEA), had a novel structural feature that will help the insurer tap ILS investor demand in a more timely and cost-efficient manner, according to reinsurer Swiss read the full article →

CEA pleased with cost-efficiency of latest Ursa Re cat bond

The California Earthquake Authority (CEA) has now completed its latest catastrophe bond transaction, with the $925 million Ursa Re Ltd. (Series 2017-1) becoming the insurers largest capital markets risk transfer deal to-date. CFO Tim Richison spoke to Artemis about the deal and told us that the combination of size and read the full article →

Ursa Re 2017-1 cat bond to reach $925m in size for the CEA

The California Earthquake Authority’s (CEA) Ursa Re Ltd. (Series 2017-1) catastrophe bond issue now looks set to grow even further than anticipated, with the latest reports stating that the deal is likely to now complete to offer $925 million of reinsurance coverage to the insurer.Just yesterday we explained that the read the full article →

CEA’s target for Ursa Re 2017-1 cat bond jumps up to $900m

The California Earthquake Authority's (CEA) target for its latest catastrophe bond transaction, Ursa Re Ltd. (Series 2017-1), has been lifted significantly with the insurer now aiming for as much as $900 million of capital market backed reinsurance coverage from the deal.According to sources the CEA's latest cat bond is now read the full article →

$500m Ursa Re 2017-1 cat bond launches for California Earthquake Authority

A new catastrophe bond has launched for the California Earthquake Authority (CEA) and it's one of the largest deals at launch from this regular sponsor of insurance-linked securities (ILS), a $500 million Ursa Re Ltd. (Series 2017-1) transaction.It's the California Earthquake Authority's first public catastrophe bond issue since last November, read the full article →