Moody's has cut the rating on a $50mn tranche of the Combine Re cat bond by a notch from Ba3 down to B1, due to thunderstorm losses incurred by cedant Country Mutual Insurance Company.
Moody's has cut the rating on a $50mn tranche of the Combine Re cat bond by a notch from Ba3 down to B1, due to thunderstorm losses incurred by cedant Country Mutual Insurance Company.