Avalon Re C notes default on maturity date
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Avalon Re C notes default on maturity date

07 June 2010
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Investors in the lowest tranche of Oil Casualty Insurance Ltd's (OCIL) Avalon Re excess liability cat bond will pay a loss of $13mn as the bond defaulted at its final maturity date today (7 June).

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Topics

News Catastrophe bonds May 2010/1 Casualty/GL
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