The California Earthquake Authority (CEA) entered the January reinsurance renewals with almost one billion dollars more in risk transfer than a year earlier, as the group reached December 31st 2023 with $9.1 billion of protection in-force.
A year earlier, the CEA’s reinsurance tower had shrunk to around $8.2 billion after the January 2023 renewal, significantly down on the $9.44 billion high it reached at the end of 2021.
Through 2023, the CEA’s reinsurance and risk transfer tower was then relatively stable, reaching $9.26 billion of in-force risk transfer by November 1st.
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