Power Protective Re Ltd. Series 2020-1
First parametric wildfire cat bond Power Protective Re prices up 9%
The first ever parametric solely wildfire exposed catastrophe bond to hit the market, the $50 million Power Protective Re Ltd. (Series 2020-1) transaction being sponsored on behalf of a municipal water utility operating in the Los Angeles area, has seen its pricing move up by around 9% before it closed. The read the full article →
LA municipal water utility seeks wildfire cover with Power Protective Re cat bond
An intriguing new catastrophe bond transaction has launched to the market according to our sources, with the $50 million Power Protective Re Ltd. (Series 2020-1) transaction being sponsored on behalf of a municipal water utility operating in the Los Angeles area of California that is seeking wildfire insurance protection. Power Protective read the full article →
