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Reinsurance hedge fund start-ups on CEA programme

29 October 2012

Several of this year's start-up reinsurers are among the new names on the first part of the California Earthquake Authority (CEA)'s 2013 reinsurance programme.

The CEA board met on the 25 October to approve its proposed 2013 reinsurance programme, which includes plans to buy $1.68bn of cover in January - slightly above the $1.505bn it bought in January 2012.

New capacity providers on the programme include the 2012 reinsurance start-ups SAC Re and PaCRe, which have each subscribed for $10mn...

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This article was published as part of issue October 2012/5

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