Casualty/GL

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

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