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 →

Cal Phoenix Re wildfire cat bond may upsize, but at 20% higher pricing

The Cal Phoenix Re Ltd. (Series 2018-1) catastrophe bond transaction, which is the first pure wildfire exposed deal that will benefit California focused electrical utility PG&E Corporation (the Pacific Gas and Electric Company), may increase in size slightly, but at the same time the proposed coupon has risen 20%.The cat read the full article →

Cal Phoenix Re wildfire cat bond launched at $200m for PG&E Corp.

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 read the full article →