Ajax Re becomes second Lehman-backed Cat bond to default
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Ajax Re becomes second Lehman-backed Cat bond to default

18 May 2009
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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...

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News ILS May 2009/3
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