All capitalised terms on this website have the same meaning as given to them in the Scheme.
The Company has been in provisional liquidation since 17 June 2001. The Provisional Liquidators are Mark Batten and Dan Schwarzmann of PricewaterhouseCoopers LLP.
The Company ceased trading on 17 June 2001 and has not written any insurance business since then. Prior to 17 June 2001, the Company wrote general insurance and reinsurance business mainly covering liability, property, motor and other insurance for the commercial and personal lines sectors. The Company is unable to pay its creditors in full and the Provisional Liquidators are proposing the Scheme as a means of making payments to creditors in respect of their claims against the Company. The Provisional Liquidators believe that the Scheme is in the best interests of the Company’s creditors as a whole.
Please refer to the Documents and Key Dates section.