CEA FOTs point to 6% RoL for ~$2bn layer on quake XoL cover
The California Earthquake Authority (CEA) and its worldwide and Lloyd’s broker Guy Carpenter have issued firm order terms (FOTs) on the London market share of contracts coming up for renewal on its quake treaty, with the organisation expected to pay a 6 rate on line (RoL) for a $2bn xs of $6.75bn layer, The Insurer understands.
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