Casualty/GL

Bermudian mutual insurer Oil Casualty Insurance Co (OCIL) has repurchased $7,012,000 of the Class B notes of Avalon Re – its loss-stricken 2005 excess liability cat bond. The tender offer to no

Bermudian mutual insurer Oil Casualty Insurance Co (OCIL) has repurchased $7,012,000 of the Class B notes of Avalon Re – its loss-stricken 2005 excess liability cat bond. The tender offer to n

Oil Casualty Insurance Co (OCIL) has extended to 4 September the deadline for its tender offer to repurchase up to $50mn of the Class B notes on its Avalon Re cat bond, Trading Risk can reveal. In Au

Oil Casualty Insurance Co (OCIL) has launched a dutch auction to repurchase up to $50mn of the outstanding $135mn Class B notes on its 2005 excess liability cat bond Avalon Re, for up to $42.5mn. The

Dan Ozizmir has become the most high profile casualty of Swiss Re’s ongoing overhaul of its insurance linked securities (ILS) operations, Trading Risk can reveal.  The head of the reinsurer

Oil and gas liability mutual Oil Casualty Insurance Ltd (OCIL)’s 2005 excess liability cat bond Avalon Re has once again extended the maturity date on its Class B and Class C notes to 9 Septemb

Dan Ozizmir has become the most high profile casualty of Swiss Re’s ongoing overhaul of its insurance-linked securities (ILS) operations, Trading Risk can reveal.  The head of the reinsurer

Bermudian energy industry mutual Oil Casualty Insurance Ltd (OCIL) has denied there is any dispute over asbestos-related claims on its 2005 excess liability cat bond Avalon Re. “No asbestos-re

ILS investors are so keen to diversify their holdings with non-catastrophe exposures that they may be willing to trade yield for greater choice. Speaking at the S&P European ILS conference on the 13

Despite mutterings of discontent in some corners of the investor community on loss-stricken liability cat bond Avalon Re, secondary market pricing still reflects only an anticipated partial loss on t

Ratings agency Standard & Poor’s (S&P) has extended the maturity date of excess liability company Oil Casualty Insurance’s indemnity-triggered casualty cat bond, Avalon Re, by a further t

Oil Casualty Insurance Company’s (OIL) 2005 $405mn Avalon Re bond has been extended a further nine months, to 3 September 2009, in order to fully assess the losses to the bond.   The notes, whi