upgrade

Movements in catastrophe bond ratings are getting more regular recently, a second catastrophe bond has had its ratings upgraded this week. Following on the heels of Merna Re which had it’s ratings upgraded and affirmed earlier this week, Vega Capital has become the latest transaction to be reassessed by rating agencies and have its notes […]

It’s a long time since we’ve been able to write about an upgraded catastrophe bond, in fact the last time was when Artemis.bm looked very different to this, possible as far back as 1999. Merna Re was issued by State Farm in June 2007 to transfer a portion of their risk of natural catastrophe losses […]