Reinsurance News
California Earthquake Authority
CEA’s total reinsurance limit rose to $7.912bn at year-end 2025
16th March 2026
The California Earthquake Authority’s (CEA) total traditional reinsurance limit amounted to $5.037 billion at the end of 2025, which combined with in-force protection from catastrophe bonds of $2.875 billion, saw the entity's total risk transfer limit rise to $7.912 billion from around $7.67 billion at the end of September. In recent ... Read the full article
CEA’s risk transfer tower expands to $7.8bn following April reinsurance renewal
9th June 2025
As of April 2025, the California Earthquake Authority’s (CEA) risk transfer tower has grown to approximately $7.8 billion in total in-force coverage, following the successful renewal of additional reinsurance protection. According to the CEA’s latest disclosure, the organisation renewed $1.2 billion in reinsurance limit during the April renewal cycle. This brought its ... Read the full article
CEA’s risk transfer tower contracts to $7.85bn after Jan reinsurance renewal
7th March 2025
The California Earthquake Authority's (CEA) risk transfer tower decreased further in size through the January 1st, 2025, reinsurance renewals, as renewed traditional reinsurance contracts were placed at a lower volume than those that expired at the end of the year. Last year, we reported that the CEA's reinsurance and risk ... Read the full article
CEA weighs second-event funding for major earthquake scenario
16th January 2025
The California Earthquake Authority (CEA) is reportedly evaluating the necessity of establishing a second-event funding tower to ensure its operational capacity is maintained following a potential major earthquake. As Reinsurance News understands, the CEA Advisory Board has been deliberating on the potential need for backup financing and coverage, considering the possibility ... Read the full article
CEA reinsurance and risk transfer contracts again to $7.99bn after further non-renewals
29th November 2024
The California Earthquake Authority's (CEA) reinsurance and risk transfer tower has contracted by a further 6% to $7.993 billion as of November 1st, 2024, as it opted to non-renew contracts to limit the amount of capacity in excess of its minimum 1-in-350 year level as policy count and exposure continues ... Read the full article
CEA’s risk transfer and reinsurance program contracts to $8.5bn after non-renewals
11th November 2024
The size of the California Earthquake Authority's (CEA) reinsurance and risk transfer program has contracted by 7% to $8.5 billion after the entity opted against renewing $648.5 million of traditional reinsurance protection that expired at the end of July 2024. As reported by Artemis, our insurance-linked securities (ILS) focused sister publication, ... Read the full article
CEA slightly lifts risk transfer tower after $306m June renewal
21st August 2024
The California Earthquake Authority (CEA) purchased $306 million of new reinsurance limit at its June 1st renewal, taking the entity's total reinsurance and risk transfer tower to approximately $9.15 billion. At the end of 2023, the CEA had $9.1 billion of protection in-force from its reinsurance and cat bonds, and after ... Read the full article
CEA names Tom Welsh as its new CEO
26th June 2024
The Governing Board of the California Earthquake Authority (CEA), California’s largest provider of residential earthquake insurance, has appointed Tom Welsh, currently the Chief Legal & Compliance Officer, as its new Chief Executive Officer (CEO), effective immediately. The CEA is governed by a five-member Governing Board comprised of voting members Governor Gavin ... Read the full article
CEA renews $3.73bn of reinsurance so far in 2024
5th June 2024
The California Earthquake Authority (CEA) has renewed $3.73 billion of reinsurance in 2024 so far, having secured almost $1.2 billion in new protection at the April 1st renewals. At the end of 2023, the earthquake insurer had $9.1 billion of protection in-force from its reinsurance and cat bonds. Following the January 1st ... Read the full article
Former CEO of CEA joins GeoVera as EVP of Marketing & Regulatory Affairs
23rd January 2024
GeoVera Insurance Holdings, Ltd., a provider of specialty property insurance, has announced that Glenn Pomeroy, longtime CEO of the California Earthquake Authority (CEA), will join the firm, taking on the role of Executive Vice President of Marketing and Regulatory Affairs, effective February 1, 2024. Pomeroy, a renowned figure across ... Read the full article
CEA hopes to renew $2.2bn of reinsurance limit at Jan 1
7th December 2023
The California Earthquake Authority (CEA) is hopeful it will be able to successfully renew $2.2 billion of expiring reinsurance limit at the upcoming January 1st, 2024, renewals, which is its largest syndicated placement, amid a continuation of higher rate-on-line pricing. The CEA is one of the largest buyers of natural catastrophe ... Read the full article
CEA could shrink reinsurance program after struggling to secure cover
6th December 2022
The California Earthquake Authority (CEA), one of the world's largest insurers of residential earthquake cover, has warned that it will likely be forced to reduce its reinsurance program in the near future, after struggling to secure ample capacity at renewals this year. In a board meeting this week, leaders at the ... Read the full article
CEA’s risk transfer program declines to roughly $9.3bn
6th July 2022
The California Earthquake Authority (CEA) has seen a roughly $600 million dip in its total capacity from the end of 2021, as the entity's risk transfer program declines in size to just shy of $9.3 billion amid a firming reinsurance market. Total capacity, as of the end of May 2022, stood ... Read the full article
California Earthquake Authority adds TigerRisk to reinsurance broker panel
6th July 2022
The California Earthquake Authority (CEA), one of the world's largest insurers of residential earthquake cover, has added TigerRisk Partners as an additional reinsurance broker to its panel of providers. Given the size of the CEA's reinsurance needs, around $9 billion, the insurer utilises multiple reinsurance brokers to help it in facing ... Read the full article
Ridgecrest quakes drive surge in insurance buying, reports CEA
29th August 2019
The California Earthquake Authority (CEA) saw a surge in the number of earthquake insurance policies bought in July, which it believes was driven by the magnitude 6.4 and 7.1 quakes that impacted the town of Ridgecrest and the surrounding region last month. The CEA gained 23,861 earthquake insurance policies in ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
