Willow Re catastrophe bond default – A.M. Best downgrades as well
News 7th February 2009Willow Re has officially defaulted on it’s payment which was due on the 2nd February. They had a 5 day grace period to come up with the payment but now A.M. Best reports that they haven’t managed to come up with the full interest payment due. Willow Re intends to pay about 95% of the […]
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