PG&E agrees $11bn wildfire subrogation deals

30 September 2019

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Pacific Gas & Electric Company (PG&E) has inked its $11bn wildfire insurance subrogation claims deal and criticised an alternative plan put forward by hedge fund Elliott Management Corp on behalf of senior unsecured noteholders.

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PG&E agrees $11bn wildfire subrogation deals

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PG&E agrees $11bn wildfire subrogation deals

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Fuel a smarter strategy with our actionable market intelligence

Topics

GIE Gareat’s terrorism bond prices near top end of guidance at 5.25%

American Coastal targets $100mn of Florida named storm coverage

Twia to target 43% more limit at $5.8bn on exposure growth and Beryl losses

Allstate pegs October cat losses at $226mn post-tax

Plenum’s Dynamic Cat Bond Fund reaches $200mn in AuM