Jamaica promotes regional Caribbean catastrophe bond idea to other nations
The government of Jamaica is keen to share its experience as a catastrophe bond sponsor and wants to encourage other nations in the region to consider joining it in sponsoring a Caribbean catastrophe bond, to cover multiple countries, a report states. According to a story from Barbados Today, Jamaica’s Minister of Finance Nigel Clarke has […]
CEA secures upsized $200m Ursa Re 2023-1 cat bond at 10% avg price discount
The California Earthquake Authority (CEA) has now secured and priced its new Ursa Re Ltd. (Series 2023-1) catastrophe bond to provide it an upsized $200 million of reinsurance, while on average the spreads settled around 10% below the initial mid-point of guidance. The California Earthquake Authority (CEA) returned to the catastrophe bond market in late March, […]
