Allstate has notified investors that its $250mn Willow Re cat bond will default on its scheduled interest payment today (2 February), as it falls victim to the credit risk that seeped into the sector in September last year.
Allstate has notified investors that its $250mn Willow Re cat bond will default on its scheduled interest payment today (2 February), as it falls victim to the credit risk that seeped into the sector in September last year.