The California FAIR Plan Association is looking to upsize its second catastrophe bond sponsorship by 75%, with now $350 million of capital markets backed wildfire reinsurance protection sought from the Golden Bear Re Ltd. (Series 2026-2) cat bond issuance, Artemis has learned.
The California FAIR Plan Association returned to the catastrophe bond market for its second sponsorship earlier this month, with an initial target to secure $200 million of multi-year wildfire reinsurance protection from the capital markets.
That move came on the heels of FAIR Plan’s debut catastrophe bond that was issued in December 2025, when it secured the largest pure wildfire risk cat bond ever, the $750 million Golden Bear Re Ltd. (Series 2026-1).
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