avalon re ltd

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Avalon Re Ltd. defaults; S&P downgrades notes

Avalon Re Ltd., the stricken catastrophe bond which has secured as much news time (read our previous coverage here) as any other deal, has finally reached it's maturity date on the 7th June.As expected, the deal has now officially defaulted (according to Standard & Poor's criteria for default) and had read the full article →

Avalon Re Ltd’s notes get upgraded by S&P

A surprising turn of events has struck the seemingly doomed catastrophe bond deal Avalon Re Ltd. After a series of downgrades and extensions by the rating agencies followed by Oil Casualty Insurance buying back as many of the notes as it could the once stricken notes have now received a read the full article →