The insurer of last resort is targeting $250m of wildfire reinsurance through a Golden Bear Re issuance
California FAIR Plan enters cat bond market | | | California FAIR Plan enters catastrophe bond market with $250m Golden Bear Re  The California FAIR Plan Association is sponsoring its debut catastrophe bond, with an initial target to secure $250 million or greater in capital markets backed wildfire reinsurance protection through a Golden Bear Re Ltd. (Series 2026-1) cat bond issuance, Artemis has learned. The initial target is to secure $250 million of protection against California wildfire losses on an indemnity trigger and per-occurrence basis with this first Golden Bear Re catastrophe bond issuance, sources told us. The cat bond will sit high up in what appears to be a growing reinsurance tower for the FAIR Plan, with plenty of room for the deal to upsize if investor appetite proves sufficient. Read the full story. Other articles: | | | | | | Please share this with colleagues and friends if you think they would like to receive it.
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