Casualty/GL

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

The pioneering ILS Avalon Re was struck by a rash of downgrades following news that a third energy loss could hit the cat bond. Following notifications of claims arising from a New York steam pipe ex