Latest News

Claims must be submitted to the Company before the Bar Date which will fall on 11 January 2016. You must submit a Claim Form before the Bar Date or you will not be entitled to receive a dividend under the Scheme. All known Scheme Creditors have been sent a Claim Form on which to submit their claims, further Claim Forms can be downloaded from "Scheme Documents".

Following meetings of Scheme Creditors on 1 June 2015, the Scheme was sanctioned by the High Court of Justice of England and Wales by an Order dated 9 July 2015. The Order of the High Court was lodged with the Registrar of Companies on 13 July 2015 and the Scheme became effective at that time.

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.