CEA upsizes Ursa Re deal by around 56% to $575mn-$675mn
The California Earthquake Authority (CEA) has increased the target limit on its latest Ursa Re catastrophe bond deal by around 56% to $575mn-$675mn across the Class AA and Class D notes, this publication understands.
The bond is CEA’s third Ursa Re deal this year and is seeking California quake coverage over three years on an indemnity, annual aggregate basis.
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