CEA catastrophe bonds now 31% share of tower, as risk transfer declines to $7.85bn
The California Earthquake Authority (CEA) shrank its risk transfer tower through the January renewals, as its traditional reinsurance placements saw further contracts expire, resulting in its catastrophe bonds making up a larger share of the overall at now more than 31%.When we last reported on the CEA’s risk transfer tower, made up of reinsurance and
