The California Earthquake Authority (CEA) has raised $925mn from its Ursa Re 2017-1 cat bond, making it not only the organisation's biggest cat bond issuance but also one of the insurance-linked securities (ILS) market's largest ever deals.
The California Earthquake Authority (CEA) has raised $925mn from its Ursa Re 2017-1 cat bond, making it not only the organisation's biggest cat bond issuance but also one of the insurance-linked securities (ILS) market's largest ever deals.