CEA reshapes Jan 2013 programme with $1.68bn placement
The California Earthquake Authority (CEA) has lined up a $1.68bn subscription list to fill the first part of its 2013 risk transfer programme, which will total a mammoth $3.4bn next year, according to October board meeting agenda documents.
This is slightly above the $1.505bn it bought in January 2012.
This year's January programme takes a different shape from last year. It is made up of three seven-month contracts - providing a total $950mn cover priced at rates on line of...
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