An Ike ill-wind blows through secondary market; Blue Coast and Nelson Re suffer
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An Ike ill-wind blows through secondary market; Blue Coast and Nelson Re suffer

Secondary market pricing on two Ike-exposed cat bonds - Allianz's $120mn Blue Coast and Glacier Re's Nelson Re Class G notes - fell by an average 12 percent in the first quarter of 2009, on rating agency downgrades and...

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