CEA risk transfer shrinks 6% more to $7.99bn on non-renewals. To re-evaluate at 1/1 – Go Health Pro
The California Earthquake Authority (CEA) did not come back to the reinsurance market at its typical October 1st renewal, allowing roughly $511 million of cover to expire and it now expects to re-evaluate its risk transfer need at the January renewals, meaning a $215 million catastrophe bond will likely mature without renewal later this month.As … Read more
