Ratings agency Standard & Poor's has lowered ratings on reinsurer Platinum's Topiary Capital 2008 cat bond to CCC+ after modelling firm RMS confirmed that the 11 March earthquake in Japan activated the bond.
Ratings agency Standard & Poor's has lowered ratings on reinsurer Platinum's Topiary Capital 2008 cat bond to CCC+ after modelling firm RMS confirmed that the 11 March earthquake in Japan activated the bond.