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.
Update: NAIC Says Data Taken in Hack Has Been Published Online 
Bayer’s Supreme Court Win in Roundup Case No ‘Silver Bullet’ 
What Happens to Property Pricing in ’27, Insurance, Reinsurance Execs Ask 
How Insurers Know When It’s Time to Scale AI 
