CATCo warns re/insurers’ sale of PG&E claims may reduce subrogation recovery

The fact that insurance and reinsurance companies sold California wildfire related claims to third-parties may ultimately reduce the amount of subrogation recoveries that flow back to reinsurance and retrocessional interests, it appears. This morning, in an interim financial report for the in run-off CATCo Reinsurance Opportunities Fund, the listed retrocessional reinsurance focused investment fund operated […]

CATCo warns re/insurers’ sale of PG&E claims may reduce subrogation recovery was published by: www.Artemis.bm
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Original Article Posted at : https://www.artemis.bm/news/catco-warns-re-insurers-sale-of-pge-claims-may-reduce-subrogation-recovery/