California wildfire blindsides cat bondholders

© 2025 GlobalCapital, Derivia Intelligence Limited, company number 15235970, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

California wildfire blindsides cat bondholders

CampFire2_PA_230x150
November 8, 2018 - Paradise, California, U.S. - The Camp Fire raged through the town of Paradise in Butte County Thursday. Dozens of businesses and home were destroyed as the fire moved faster than firefighters could react to it. (Credit Image: © Neal Waters/ZUMA Wire/ZUMAPRESS.com) | Neal Waters/Zuma Press/PA Images

The frequency of devastating wildfires has rocketed in California over the past two years. Camp Fire, still burning through California, looks set to wipe out a catastrophe bond, leading to sharp questions about how to model and price an emergent risk to companies, buildings and people when this is bundled out to the capital markets.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login
Gift this article