State buyers win out at Trading Risk awards
Two US state-sponsored reinsurance buyers were among the major
winners at the fourth annual Trading Risk
awards, which took place last week at a black tie ceremony held in
London.
The California Earthquake Authority (CEA) took the
(Re)insurer/Sponsor of the year title, winning out against
Lloyd's insurer Amlin and a subsidiary of Électricité
de France (ERDF).
The CEA launched its first $150mn cat bond deal, Embarcadero Re,
with support from manager Deutsche Bank last year. The organisation
has given clear...
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