Insight and Intelligence on (Re)insurance Convergence with the Capital Markets

4 February 2012

CEA looks to issue direct cat bond in 2011

15 July 2010

The California Earthquake Authority (CEA) is looking to break out from under the wing of risk warehouser Swiss Re and sponsor its first cat bond in 2011, Trading Risk can reveal.

The CEA has placed $2.45bn of US earthquake risk into the ILS market since 2000 in its Redwood series of transactions - using risk warehousers including Swiss Re, Lehman Brothers and Goldman Sachs - and is seeking to reduce its dependence on the reinsurance market.

Speaking to Trading Risk,...

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