Wildfire risks led PG&E to develop the ILS market’s first-ever wildfire cat bond, working with energy mutual captive insurer Energy Insurance Services and with Tokio Millennium as fronting reinsurer, sister publication Trading Risk reported.
Wildfire risks led PG&E to develop the ILS market’s first-ever wildfire cat bond, working with energy mutual captive insurer Energy Insurance Services and with Tokio Millennium as fronting reinsurer, sister publication Trading Risk reported.