Pacific Gas and Electric (PG&E) paid $26.8mn for its ground-breaking wildfire catastrophe bond, a coverage which provides the ailing Californian utility with $200mn of ILS protection.
PG&E wildfire cat bond cover cost $26.8mn

Pacific Gas and Electric (PG&E) paid $26.8mn for its ground-breaking wildfire catastrophe bond, a coverage which provides the ailing Californian utility with $200mn of ILS protection.