Africa Studio/shutterstock.com_367684094

28 November 2024Reinsurance

CEA cuts 2025 reinsurance budget 17% as exposures shrink, rates ease

The California Earthquake Authority (CEA), billing itself as the United State’s single largest reinsurance buyer, will seek to budget $515 million for its 2025 risk transfer program, down 17% from the revised 2024 budget figures.

Already registered?

Login to your account

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 Adrian Tapping at atapping@newtonmedia.co.uk

More on this story

More articles

Underwriters tightening up in specific areas of financial institution cover: Gallagher

Aspen will give Sompo 2/3 of its foreign profit boost in 2026

Deutsche Rück nearly doubles net profit, improves loss ratio

Updated Australia East Coast storm losses drop: Perils

Believe the hype: Anthropic’s Mythos claim a bellwether for the future of cyber insurance

Florida P&C insurer targets IPO that could put a $1.2bn price tag on it

Fewer than 5% of Asia small businesses have cyber insurance

BP Marsh founder steps down as chair after 35 years

Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze