Standard & Poor’s has issued a corrective statement concerning one of the cat bond ratings listed in the bulletin it issued on April 18.
The Series 2011-1 Class A notes, rated BB+ (sf)/Watch Neg BB+ (sf) issued by Foundation Re III Ltd., should not have been included, as they were “not modeled by Risk Management Solutions Inc.” S&P said.
Source: Standard & Poor’s
Topics Catastrophe
Was this article valuable?
Here are more articles you may enjoy.
Suspects in Louvre Heist in Custody After Week-Long Manhunt 
Brown & Brown Reports Strong Q3 Revenue Growth of 35.4% 
Reinsurers Hold Bulk of Jamaica’s Property Exposures From Hurricane Melissa: Reports 
Progressive Now 4th Largest Global Insurer; RenRe Fastest Growing in ’24 
