OCIL repurchases $7mn Avalon Re notes
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OCIL repurchases $7mn Avalon Re notes

14 September 2009
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Bermudian mutual insurer Oil Casualty Insurance Co (OCIL) has repurchased $7,012,000 of the Class B notes of Avalon Re - its loss-stricken 2005 excess liability cat bond.

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AnalysisCatastrophe bondsSecondary tradingSeptember 2009/1ILS investors
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