All capitalised terms on this website have the same meaning as given to them in the Scheme. The Company went into Provisional Liquidation 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.
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 and the Scheme became effective on 13 July 2015. The Scheme Administrators are Mark Batten and Dan Schwarzmann of PricewaterhouseCoopers LLP. The Bar Date for submitting claims into the Scheme was 11 January 2016 and has now passed. The Scheme Administrators are currently reviewing the claims that have been submitted. The Scheme Administrators currently estimate that a dividend distribution may be made in the first quarter of 2017 and a further update on this estimated timescale will be provided nearer the time.
Please refer to the Documents and Key Dates section for further information.