CEA secures upsized $200m Ursa Re 2023-1 cat bond at 10% avg price discount
13th April 2023The California Earthquake Authority (CEA) has now secured and priced its new Ursa Re Ltd. (Series 2023-1) catastrophe bond to provide it an upsized $200 million of reinsurance, while on average the spreads settled around 10% below the initial mid-point of guidance.
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