Cal Phoenix Re Ltd. Series 2018-1

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PG&E secures first wildfire indemnity corporate cat bond at $200m

California focused electrical utility PG&E Corporation (the Pacific Gas and Electric Company) now benefits from $200 million of insurance protection against losses related to wildfires, through the completion of Cal Phoenix Re Ltd. (Series 2018-1), the first catastrophe bond to benefit a corporate sponsor using an indemnity trigger.It had been read the full article →