CEA will take members off its tower, fill in with treaty or ILS

The California Earthquake Authority (CEA), which has billed itself as the world’s largest buyer of reinsurance, will begin replacing industry assessments with reinsurance or ILS in its claims paying tower from the start of 2026 with a massive cat bond maturity set to possibly show which way preferences lean.

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CEA will take members off its tower, fill in with treaty or ILS

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