$250m cat bond issued – The Royal Gazette | Bermuda News, Business, Sports, Events, & Community

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$250m cat bond issued

The California Earthquake Authority, through its Bermuda-based special purpose insurer, Ursa Re Ltd, has issued a $250 million cat bond to cover earthquake risk in California. The Series 2015-1 Class B notes will run for three years and become due on September 21, 2018. The cat bond has been admitted to the Bermuda Stock Exchange's official list.

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Published September 16, 2015 at 9:00 am (Updated September 15, 2015 at 8:01 pm)

$250m cat bond issued

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