Investors in the $100mn tornado bond Mariah II are set to incur losses as totals for events covered by the bond pass its $725mn trigger, according to an update from ratings agency Standard & Poor's (S&P).
Investors in the $100mn tornado bond Mariah II are set to incur losses as totals for events covered by the bond pass its $725mn trigger, according to an update from ratings agency Standard & Poor's (S&P).