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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 →