Avalon Re C note investors left with $13mn loss
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Avalon Re C note investors left with $13mn loss

14 June 2010
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Energy mutual Oil Casualty Insurance Ltd's (OCIL) Avalon Re excess liability cat bond defaulted at its final maturity date last week (7 June), leaving the lowest tranche investors with a $13mn loss.

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News ILS June 2010/3
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