Favourable rates pushed the California Earthquake Authority (CEA) to top up its traditional reinsurance cover in August after its $150mn 2011 Embarcadero Re cat bond lapsed at the end of July, sources said.
Favourable rates pushed the California Earthquake Authority (CEA) to top up its traditional reinsurance cover in August after its $150mn 2011 Embarcadero Re cat bond lapsed at the end of July, sources said.