Thu, 03/02/2017 - 14:42
The California Earthquake Authority (CEA) expanded its maturing reinsurance limit by about $300mn in January to help cover its growing book, it is understood.
A firm-order terms sheet obtained by sister publication The Insurance Insider showed the CEA was looking to place two layers of aggregate reinsurance at the January renewals: a $1.0bn excess $3.9bn lower layer and a $1.3bn excess $5.7bn upper layer.
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