Ursa Re Ltd.

Share

CEA’s new cat bond prices at top-end, reflects rising spread expectations

In a further sign of the increased return expectations of investors in catastrophe bonds, the pricing for the latest catastrophe bond from the California Earthquake Authority has now been fixed at the top-end of initial guidance, we're told.The California Earthquake Authority (CEA), the not-for-profit residential earthquake insurance provider in the read the full article →

CEA targets $400m of reinsurance with first Ursa Re cat bond of 2019

The California Earthquake Authority, the not-for-profit residential earthquake insurance provider in the state, has returned to the capital markets to sponsor its first catastrophe bond of 2019, targeting around $400 million of quake reinsurance protection with an Ursa Re Ltd. (Series 2019-1) deal.This new Ursa Re 2019-1 cat bond will read the full article →

Ursa Re cat bond settles at $250m, below mid-point pricing for the CEA

The latest catastrophe bond to be sponsored by the California Earthquake Authority (CEA), the Ursa Re Ltd. (Series 2018-1) transaction, is set to achieve the upper-end of the targeted size at $250 million, while pricing has now been fixed at just below the mid-point of initial guidance.The CEA returned to the read the full article →

CEA’s new Ursa Re 2018-1 California quake cat bond sees pricing tighten

Pricing has tightened for the new up to $250 million Ursa Re Ltd. (Series 2018-1) catastrophe bond that is being currently marketed on behalf of the California Earthquake Authority (CEA) and at the moment looks like it will settle close to or just below the initial guidance mid-point.The California Earthquake read the full article →

CEA returns for up to $250m Ursa Re 2018-1 California quake cat bond

The California Earthquake Authority, the not-for-profit residential earthquake insurance provider, is returning to the capital markets for another slice of reinsurance protection with a new Ursa Re Ltd. (Series 2018-1) catastrophe bond that targets up to $250 million of coverage.This is the CEA's sixth Ursa Re Ltd. catastrophe bond issuance, read the full article →

CEA’s Ursa Re 2017-2 still $400m, pricing fixed with little uplift

The latest catastrophe bond from the California Earthquake Authority (CEA), the Ursa Re Ltd. (Series 2017-2) transaction, has so far not increased in size, still targeting $400 million of collateralized quake reinsurance, but the price guidance has now been fixed at levels which show very little in the way of read the full article →

CEA brings $400m Ursa Re 2017-2 California quake cat bond to market

The California Earthquake Authority (CEA) is returning to the catastrophe bond market once again with a $400 million Ursa Re Ltd. (Series 2017-2) transaction, which will be its fifth cat bond using the Ursa Re vehicle and its ninth where we have the CEA listed as sponsor in our Deal read the full article →

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 →