CEA prices $400mn cat bond above top of target range
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CEA prices $400mn cat bond above top of target range

The bond is likely replacing the 2021-1 Class F bond, which matured in December.

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The California Earthquake Authority (CEA) has secured $400mn of cat-bond limit with its latest iteration of the Ursa Re cat bond, a 100% increase from the target size.

Ursa

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