Insight and Intelligence on the London & International Insurance Markets

4 February 2012

Swiss Re scales back CEA exposure

6 October 2009

Swiss Re is scaling back its exposure on the giant 2010 reinsurance programme placed by the California Earthquake Authority (CEA) by more than a third.

The reinsurer was effectively on risk for half of the $3.1bn 2009 reinsurance programme with $1.55bn of limit, provided through its Swiss Re (Zurich) Swiss Re America units.

But the potential line size put forward for the 2010 programme renewing at 1.1 has been cut to $1bn. Swiss Re is providing 100 percent of the...

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