CEA sets final pricing of Ursa Re cat bond at $230mn
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CEA sets final pricing of Ursa Re cat bond at $230mn

Jai Singh
11 October 2023
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The California Earthquake Authority (CEA) has priced its Ursa Re cat bond with the final size at $230mn, at the higher end of the offering, Trading Risk understands.

Initially, the CEA sought to raise $150mn with the cat bond, which covers earthquake perils in California on an annual aggregate basis.

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