Casualty/GL

The capital markets and reinsurers should collaborate to provide protection against extreme systemic risks beyond the catastrophe markets, Munich Re said at the Monte Carlo Rendez-Vous.

Munich Re has called for collaboration between the (re)insurance and capital markets in developing insurance solutions for IT, data corruption, business interruption, longevity and energy production risks.

Pricing on Avalon Re's loss-struck $135mn Class C notes almost doubled to 91 cents on the dollar on the back of last minute trading ahead of their final maturity in June.

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).

Standard & Poor's (S&P) has raised its rating on Avalon Re's $135mn Class B notes from CCC to BBB+, as the notes approach maturity on 7 June 2010.

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