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CEA risk transfer tower stable at $9.1bn after near $1.2bn April renewal

The California Earthquake Authority (CEA) has maintained its reinsurance and catastrophe bond tower at $9.1 billion in size through the start of 2024, with its most recent renewals for April 1st seeing the insurer securing almost $1.2 billion in protection.

When we last covered the CEA, we reported that the group had reached December 31st 2023 with $9.1 billion of protection in-force from its reinsurance and cat bonds.

That was based on end of year data and the CEA had a significant reinsurance renewal at January 1st as well, but we’ve now learned that the earthquake insurer has come through that and April renewals and maintained the same level of catastrophe risk transfer protection.

FULL ORIGINAL PUBLICATION HERE

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