CEA targets $8.1bn of reinsurance in 2023, down 14% on last year
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CEA targets $8.1bn of reinsurance in 2023, down 14% on last year

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The California Earthquake Authority (CEA) has proposed buying $8.1bn of reinsurance coverage this year, a decrease of around 14% year over year.

The reinsurance programme comprises $6.2bn of traditional reinsurance and $1.9bn of transformer reinsurance.

The CEA’s reinsurance buying has shrunk over the past couple of years, from $9.4bn

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