Allstate notified investors that its $250mn Willow Re cat bond defaulted on its scheduled interest payment on 2 February, as it fell victim to the credit risk that seeped into the sector in September last year.
Allstate notified investors that its $250mn Willow Re cat bond defaulted on its scheduled interest payment on 2 February, as it fell victim to the credit risk that seeped into the sector in September last year.