CSAA Insurance Group invested in the first two Forest Resilience Bonds, Yuba I and Yuba II, which finance forest restoration on the Tahoe National Forest in California [MS].
Right of reply
This page describes CSAA Insurance Group only through its published statements and the public records of the deals listed. CSAA Insurance Group has not yet been invited to comment. Responses and corrections will be recorded here with their date. On register pages, [MS] marks a claim that rests only on the institution’s own statement or on statements by parties to the same deal.
In the register
The register follows instruments whose terms depend on a verified ecological outcome, the broad family of the performance-based bond. The register index explains its tiers, roles and claim tags.
| Deal | Year | Family | Role | Amount | Claim |
|---|---|---|---|---|---|
| Yuba I Forest Resilience Bond | 2018 | Impact or resilience bond | Investor | Share of US$4.6m | [MS] |
| Yuba II Forest Resilience Bond | 2021 | Impact or resilience bond | Market-rate investor | Share of US$25m | [MS] |
CSAA is the only insurer in the register that has invested in a nature performance instrument in its own underwriting region. No source quotes it linking the restoration to its own wildfire losses. The register places it in Tier 2 as a regional insurer; its only documented deals are domestic, which would also support Tier 3.
What it has said
“We earn a good return while helping the environment and our policyholders” (Linc Walworth, 2018) [MS]. WRI described the investment as “a way to diversify its portfolio while supporting the communities in which it operates” [MS]. “We recognize the importance of investing in solutions that help reduce risk and protect our communities” (Gretchen Tai, 2021) [MS].
Related
- Nature Performance Bond Investor Register
- Rockefeller Foundation
- Gordon and Betty Moore Foundation
- Calvert Impact Capital
References
- WRI, Forest Resilience Bond release (2018)
- WRI, investors and wildfire risk in the Yuba project
- YubaNet, Yuba II Forest Resilience Bond (2021)
Provenance
Drafted on 15 October 2026 from the research brief Nature performance bond investors.md, compiled the same day from five research strands: outcome-linked and sustainability-linked bonds, environmental impact bonds, debt-for-nature conversions, insurers and reinsurers, and the largest asset managers with their regulatory context. Claim tags follow the brief, which never upgraded a claim without a source and lowered to [MS] any claim a research note had graded [IC] on the strength of a company’s own release. The headquarters country in based_in comes from general knowledge unless a deal record states it, and is to be confirmed. The brief’s search had limits: fund holdings filings, municipal bond disclosures and the Oxford INDIGO and Brookings impact bond databases were not searched, so a deal missing from this page may exist.