Initially, the CEA sought to raise $150mn with the cat bond, which covers earthquake perils in California on an annual aggregate basis.
CEA sets final pricing of Ursa Re cat bond at $230mn
![cea califoria earthquake authority logo 2023.png](https://assets.euromoneydigital.com/dims4/default/2a480d6/2147483647/strip/true/crop/620x380+0+0/resize/840x515!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F9e%2Ffb%2Fd50b484847d0b861357f58d81e3a%2Fcea-califoria-earthquake-authority-logo-2023.png)
Initially, the CEA sought to raise $150mn with the cat bond, which covers earthquake perils in California on an annual aggregate basis.