CERMA Settles $47.235 Million Captive Transfers
Employment Risk Management Authority (Erma)Special District · Sacramento, CA- Disclosed value
- $47,235,000
- From agendapacket
- Document date
- Oct 23, 2026
- Term
- July 24, 2026 and August 6, 2026
The 30-second brief
CERMA settled $47.235 million in capitalization transfers through U.S. Bank in July and August 2026. The transactions funded the captive’s liability loss portfolio transfer and go-forward program.
U.S. Bank holds this financial services contract with Employment Risk Management Authority (Erma). Its other public contracts on record include work for City of Pleasant Grove and Moss Landing Harbor District.
Term as filed: July 24, 2026 and August 6, 2026.
See who decides the next one before it's bid.
Get pre-RFPs freeFree account · 30-second setup · No credit card
Contract details
- Contract type
- Financial Services
- Amount
- $47,235,000
- Document date
- October 23, 2026
- Term
- July 24, 2026 and August 6, 2026
- Vendor
- U.S. Bank
- Source document
- Captive for Employment Risk Management Authority AgendaPacket Board of Directors Meeting 2026-10-23 (AgendaPacket)
U.S. Bank's other public contracts
More Employment Risk Management Authority (Erma) contracts
Questions about this contract
Who was awarded the financial services contract by Employment Risk Management Authority (Erma)?
U.S. Bank was awarded this financial services contract by Employment Risk Management Authority (Erma), as recorded on October 23, 2026. The contract value is $47,235,000.
How much is the U.S. Bank contract with Employment Risk Management Authority (Erma) worth?
The U.S. Bank contract with Employment Risk Management Authority (Erma) is valued at $47,235,000, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agendapacket record.
Where was this contract approved?
This contract appears in Captive for Employment Risk Management Authority AgendaPacket Board of Directors Meeting 2026-10-23 (AgendaPacket), dated October 23, 2026 from Employment Risk Management Authority (Erma). Civic IQ extracts contract records directly from agency meeting documents and solicitations.
Show 2 more questions
What other contracts does U.S. Bank hold?
U.S. Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is Employment Risk Management Authority (Erma) currently buying?
Explore Employment Risk Management Authority (Erma)'s vendors, signed contracts, and active RFPs on their Civic IQ agency profile.