News & Analysis Results

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

News 8th May 2010

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 credit rating upgrade from Standard […]

read the full article →

Avalon Re catastrophe bond maturity extended yet again

News 9th June 2009

Once again Standard & Poor’s have announced that the maturity date for Oil Casualty Insurance Ltd’s Avalon Re catastrophe bond notes has been extended. This is to allow further loss reporting to develop and be reported as it seems the full extent of losses suffered by this cat bond deal are still not fully known. The […]

read the full article →

Avalon Re catastrophe bond maturity extended (again)

News 3rd March 2009

The maturity date of the Avalon Re catastrophe bond from Oil Casualty Insurance Ltd has been extended extended again according to Standard & Poor’s. The original terms of the deal allowed for it to be extended by a period of three months up to eight consecutive times from the original maturity date depending on the […]

read the full article →

S&P downgrades some Avalon Re notes

News 14th April 2008

Standard & Poor’s have announced that they have dropped their rating of the Avalon Re Ltd. class C notes to CC from CCC-. Avalon Re is a 2005, 3 year insurance linked security from Oil Casualty Insurance Ltd, see our Deal Directory for more info. The downgrade follows notification that a steam pipe explosion in […]

read the full article →

More details emerge on AIG’s Tradewynd Re catastrophe bond

News 4th July 2013

The latest catastrophe bond transaction to be sponsored by American International Group (AIG) is a complex deal involving multiple perils, a broad trigger and providing reinsurance protection for a diverse and unusual book of business. More details about the Tradewynd Re Ltd. (Series 2013-1) cat bond have now emerged as the notes received a preliminary […]

read the full article →