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Avalon insurance facing wind-up petition

at the Bermuda Supreme Court by the Registrar of Companies on Tuesday.According to Mr. Malcolm Butterfield, the Registrar of Companies, Avalon Insurance Company had failed to comply with conditions of the Insurance Act.

at the Bermuda Supreme Court by the Registrar of Companies on Tuesday.

According to Mr. Malcolm Butterfield, the Registrar of Companies, Avalon Insurance Company had failed to comply with conditions of the Insurance Act.

The petition cited sections of the Insurance Act and The Companies Act.