Allstate's Willow Re short changed
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Allstate's Willow Re short changed

12 February 2009
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Allstate-sponsored $250mn cat bond Willow Re paid only 91 percent of its latest interest payment, triggering ratings agencies Standard & Poor's (S&P) and AM Best to downgrade the notes, citing a default.

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Topics

Analysis Catastrophe bonds February 2009/1
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