A second Lehman Brothers-backed catastrophe bond is in default after issuer Ajax Re failed to repay principal at the 8 May redemption date, according to AM Best, which downgraded and withdrew its debt rating on the $100mn earthquake cat...
A second Lehman Brothers-backed catastrophe bond is in default after issuer Ajax Re failed to repay principal at the 8 May redemption date, according to AM Best, which downgraded and withdrew its debt rating on the $100mn earthquake cat...