The first pure wildfire exposed catastrophe bond has come to market, as California focused electrical utility PG&E Corporation (the Pacific Gas and Electric Company) turns to the capital markets and ILS investors as a source of collateralized insurance protection with a $200 million Cal Phoenix Re Ltd. (Series 2018-1) transaction. Being a corporate beneficiary of … Continue reading Cal Phoenix Re wildfire cat bond launched at $200m for PG&E Corp.