Modelling company AIR Worldwide has confirmed the $300mn Muteki cat bond for Japanese carrier Zenkyoren will be a total loss to investors after the 11 March earthquake, according to documents posted on the Cayman Islands stock exchange.
Modelling company AIR Worldwide has confirmed the $300mn Muteki cat bond for Japanese carrier Zenkyoren will be a total loss to investors after the 11 March earthquake, according to documents posted on the Cayman Islands stock exchange.