A Malaysian search and rescue crew – the first international team to reach Sagaing at the epicentre of Myanmar’s recent earthquake – said aftershocks and the risk of landmines had hampered the increasingly forlorn search for survivors. Sagaing, a town of about 78,000 around 16km from the epicentre of last Friday’s 7.7 magnitude earthquake, has … Read more
The California Earthquake Authority (CEA) has returned to the catastrophe bond market to sponsor its first issuance since late 2023, seeking $200 million or more in multi-year collateralized California earthquake reinsurance protection from the capital markets through this Ursa Re Ltd. (Series 2025-1) issuance.The CEA last sponsored a catastrophe bond in December 2023 and in … Read more
We’ve learned a few more details about the new Silk Road Re Limited catastrophe bond transaction that is set to be issued out of Hong Kong, with the notes set to provide sponsor Taiping Reinsurance Company (Taiping Re) with a US $35 million source of three years of retrocessional protection.Yesterday, we reported that Taiping Re … Read more