The Governing Board of the California Earthquake Authority (CEA) approved a revision to its guidelines for engaging in catastrophe bond risk transfer to the capital markets this week, while also noting a successful reinsurance renewal at April 1st, saying it secured favourable pricing and limit.The California Earthquake Authority (CEA) is a significant buyer of reinsurance … Read more
Confused by all the renewal notices at the start of the year? Many employers in Retro programs mistakenly believe that renewing their association membership locks them into their current Retro group. Let’s clear that up—and show you how this misunderstanding could cost you. Association Membership Renewals ExplainedRenewing … Read more
An easing of conditions in the retrocession market has helped to bolster capacity in advance of the January 1st 2025 reinsurance renewals, resulting in a situation where capital was more than adequate to meet growing client demand, broker Aon has said today.Overall, reinsurance capital providers showed greater flexibility to buyers after a second year in … Read more
Prologis, Inc., the logistics, warehousing and supply-chain focused real estate owner and investor, is back in the catastrophe bond market for the second time, looking to sponsor a $95 million Logistics Re Ltd. (Series 2024-1) US earthquake focused issuance, as a renewal of its first cat bond.Prologis ventured into the catastrophe bond market for the … Read more