Search archive

Advanced search

Moody's Investor Service has downgraded the outlook on Glacier Re's 2008 Nelson Re catastrophe bond on the risk of strategic default after the Swiss reinsurer placed its business in run-off.

Moody's placed a negative outlook on a $45mn tranche of Nelson Re class H notes as well as a $67.5mn tranche of class I notes, although it affirmed their ratings at B3 and B1 respectively.

These notes covered European windstorm risk, while a third Ca rated $67.5mn tranche of class...

---

You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.

---

Email Address

Password

• Article
  Nelson Re downgraded on Glacier wind-down
• Subscription
  Trading Risk