CEA upsizes Ursa Re cat bond to $650mn, pricing at top of guidance
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CEA upsizes Ursa Re cat bond to $650mn, pricing at top of guidance

Liz Bury
04 December 2023
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cea califoria earthquake authority logo 2023.png

The California Earthquake Authority (CEA) has secured $650mn of coverage with its latest Ursa Re cat bond, with pricing settling at the top edge of guidance across the Class AA and Class D notes.

The transaction is CEA’s third Ursa Re deal this year, bringing the total amount of limit the authority has placed in 2023 to $1.08bn.

The

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