Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

23 February 2012

CEA issues second $150mn quake bond

20 January 2012

The California Earthquake Authority (CEA) has launched a sequel to its August debut cat bond, seeking $150mn from the latest Embarcadero Re transaction.

The Embarcadero 2012-1 series of notes were predicted to come to market in early 2012, as the quasi-governmental earthquake insurer announced its intention to issue cat bonds every four-to-six months to build up to $1.5bn of protection in cat bond form.

The CEA has appointed Deutsche Bank as sole structurer and bookrunner on the latest Embarcadero transaction,...

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