Vintage Tone_shutterstock.com_1151323274
11 November 2024Reinsurance

CEA fails to renew $649m in treaty, cuts cat programme

The California Earthquake Authority (CEA), the biggest buyer of reinsurance in the US, let $648.5 million in treaty placements go unrenewed late June through late July, cutting its total risk transfer programme to $8.5 billion as of early August. 

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk