NU Online News Service, Dec. 14, 10:54 p.m. EST
Willis Capital Markets & Advisory, part of insurance broker Willis Group Holdings, announced that it has structured and placed a $200 million catastrophe bond transaction for the State Compensation Insurance Fund, the largest writer of workers' compensation business in California.
Willis says the Golden State Re Ltd. transaction is the first cat bond designed exclusively to protect a portfolio of workers' comp exposures.
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