The California Earthquake Authority’s (CEA) risk-transfer program was sized at around $7.4bn as of 1 January, comprising $5.4bn of traditional reinsurance and $2bn of catastrophe bonds, according to materials from its March board meeting.
The
CEA risk transfer stood at $7.4bn as of 1 January
Some $4.8bn of reinsurance and cat bond limit will come up for renewal in 2025.