Ratings agency AM Best has downgraded $175mn of Flagstone Re's Montana Re 2009 US wind and quake cat bond, in light of higher attachment probabilities under RMS's new Version 11.0
Ratings agency AM Best has downgraded $175mn of Flagstone Re's Montana Re 2009 US wind and quake cat bond, in light of higher attachment probabilities under RMS's new Version 11.0