Solvent Schemes of Arrangement

Contacts
Dan Schwarzmann
+44 (0) 20 7804 5067
PricewaterhouseCoopers is one of the leading providers of solutions to companies with books of business in run-off. We are at the forefront of the development and evolution of schemes of arrangement and continue to lead innovations in this market.

We have implemented schemes for companies in the UK, Europe, Bermuda, Asia, Australia and New Zealand. We also offer solvent scheme solutions to corporates with long-tail liabilities outside the insurance industry.

Click on the headers in the tables below to sort the schemes alphabetically, or by date. Where a scheme website has been set up, further information is available by clicking the name of the scheme.

Link to proposed Solvent Schemes of Arrangement as at 16 September 2009

Solvent Schemes of Arrangement Effective as at 16 September 2009

Solvent Schemes of Arrangement effective as at 16 September 2009 Effective Date Final claims submission deadline Scheme Advisers
Meadows Indemnity Company Limited
20/07/2009 18/01/2010
at 23:39 hours (London time)
Ambant
Deutsche Rück UK Reinsurance Company Ltd
17/06/2009 16/12/2009
at 5:00 pm (London time)
KPMG
City General 24/04/2009 21/10/2009
at 5:30 pm (London time)
None
Harrington International
23/03/2009 17/06/2009
KPMG
GLOBALE Rückversicherungs-AG 10/12/2008 08/06/2009
PricewaterhouseCoopers
GLOBAL General 10/12/2008 08/06/2009
PricewaterhouseCoopers
Malayan (UK) 09/10/2008 09/04/2009
Chiltington
EW Payne Excess of Loss Pools (82 companies) 18/07/2008 16/12/2008
KPMG
Winterthur Swiss 22/02/2008 20/08/2008
None
ING Re (UK) 01/02/2008 31/07/2008
PricewaterhouseCoopers
Willis Faber Underwriting Management (WFUM) Pools (14 solvent companies*)
  • Sphere Drake
06/11/2007 06/05/2008
KPMG
Willis Faber Underwriting Management (WFUM) Pools (14 solvent companies*)
  • Allianz
  • Allianz Global Corporate & Specialty (France)
  • Atlantic Mutual
  • Continental Re Corporation International
  • Greyfriars*
  • Heddington (UK)
  • Mitsui Sumitomo (Europe)
  • Ocean Marine
  • Oslo Re (UK)
  • Sovereign (UK)*
  • The Sea
  • Tokio Marine Europe
  • Wausau (UK)
10/10/2007 07/04/2008


PricewaterhouseCoopers
PricewaterhouseCoopers
KPMG
PricewaterhouseCoopers
KPMG
KPMG
PricewaterhouseCoopers
PricewaterhouseCoopers
KPMG
KPMG
KPMG
PricewaterhouseCoopers
KPMG
CEAI 27/09/2007 25/02/2008
PricewaterhouseCoopers
Walton 27/07/2007 26/10/2007
KPMG
Global London Market Pool (5 companies)
  • AXA UK
  • Ecclesiastical Office
  • GLOBAL General
  • MMA IARD Assurances Mutuelles
  • Swiss Re
10/07/2007 25/01/2008

KPMG
PricewaterhouseCoopers
PricewaterhouseCoopers
PricewaterhouseCoopers
PricewaterhouseCoopers
Great Lakes Re (UK) 05/07/2007 07/01/2008
PricewaterhouseCoopers
Oslo Re (UK) 18/06/2007 17/12/2007
KPMG
Oslo Re ASA 18/06/2007 17/12/2007
KPMG
LaSalle Re 02/05/2007 30/08/2007
KPMG
Arion 30/03/2007 29/06/2007
PricewaterhouseCoopers
European Re of Zurich 23/01/2007 23/07/2007
PricewaterhouseCoopers
Reliance National Asia Re Pte 14/11/2006 14/05/2007
Ernst & Young
Reliance National (Europe) 20/10/2006 21/05/2007
KPMG
NRG London (Australian Branch) 16/08/2006 14/12/2006
None
NRG Victory Australia 16/08/2006 14/12/2006
None
QBE Re (UK) 26/05/2006 24/08/2006
PricewaterhouseCoopers
Pender Mutual 26/05/2006 n/a KPMG
Gordian Runoff (UK) 26/04/2006 25/10/2006
Deloitte & Touche
SRO Run-Off 21/04/2006 24/07/2006
PricewaterhouseCoopers
Lion City Run-off Private 13/04/2006 31/08/2006
KPMG
NRC Re 31/03/2006 30/06/2006
PricewaterhouseCoopers
GLOBAL General 08/02/2006 08/08/2006
PricewaterhouseCoopers
La Mutuelle du Mans Assurances IARD 31/10/2005 01/03/2006
PricewaterhouseCoopers
Scottish Eagle 31/10/2005 01/03/2006
PricewaterhouseCoopers
Dutch Aviation Pool (18 companies)
  • DAP Holding
  • Achmea Schadeverzekeringen
  • Aegon Schadeverzekering
  • Allianz Nederland
    Schadeverzekering
  • Amev Schadeverzekering
  • Atradius Credit Insurance
  • Axa Schade
  • Delta Lloyd Schadeverzekering
  • Fortis Corporate Insurance
  • Generali Schadeverzekering Maatschappij
  • Goudse Schadeverzekeringen
  • N.V. Maatschappij Van Assurantie, Discontering En Beleening Der Stad Rotterdam Anno 1720
  • N.V. Nationale Borg-Maatschappij
  • Nationale-Nederlanden Internationale Schadeverzekering
  • Nationale-Nederlanden Schadeverzekering Maatschappij
  • N.V. Noordhollandsche Van 1816 Algemene Verzekeringsmaatschappij
  • Vereenigde Assurantiebedrijven “Nederland”
  • N.V. Verzekering Maatschappij De Noord-En Zuid-Hollandsche Lloyd
30/09/2005 30/03/2006

PricewaterhouseCoopers
PricewaterhouseCoopers
PricewaterhouseCoopers
PricewaterhouseCoopers

PricewaterhouseCoopers
PricewaterhouseCoopers
PricewaterhouseCoopers
PricewaterhouseCoopers
PricewaterhouseCoopers
PricewaterhouseCoopers
PricewaterhouseCoopers
PricewaterhouseCoopers


PricewaterhouseCoopers
PricewaterhouseCoopers
PricewaterhouseCoopers
PricewaterhouseCoopers
PricewaterhouseCoopers
PricewaterhouseCoopers
Mercantile & General Re 22/09/2005 20/01/2006
PricewaterhouseCoopers
Unione Italiana (UK) Re 09/06/2005 07/10/2005
PricewaterhouseCoopers
Sphere Drake 06/05/2005 05/09/2005
PricewaterhouseCoopers
Colonia (Ireland) 21/03/2005 19/06/2005
Ernst & Young
PanFinancial 15/12/2004 31/03/2005
None
Moorgate 09/12/2004 09/03/2005
KPMG
Korean (UK) 15/10/2004 13/01/2005
Ernst & Young
Seven Continents 01/10/2004 30/11/2004
KPMG Bermuda
Aviation & General 03/08/2004 01/11/2004
PricewaterhouseCoopers
Quincy Mutual Fire 27/07/2004 25/10/2004
Begbies Traynor
Blackfriars 23/07/2004 22/10/2004
PricewaterhouseCoopers
St Helen’s Trust (5 companies) and, in relation to Prudential Assurance, certain London Market business
  • Prudential Assurance
  • Pearl Assurance
  • Elders
  • Hiscox
  • The World Marine & General
09/07/2004 07/10/2004


PricewaterhouseCoopers
PricewaterhouseCoopers
PricewaterhouseCoopers
PricewaterhouseCoopers
PricewaterhouseCoopers
Tanker 02/07/2004 07/10/2004
PricewaterhouseCoopers
Lakewood 28/06/2004 25/02/2005
PricewaterhouseCoopers
Ludgate 08/04/2004 07/07/2004
PricewaterhouseCoopers
FIGRE 05/03/2004 07/06/2004
PricewaterhouseCoopers
Trident Pool (2 companies)
  • Marlon
  • Aioi
16/12/2003 20/04/2004
PricewaterhouseCoopers
PricewaterhouseCoopers
Arig (UK) 30/09/2003 30/12/2003
PricewaterhouseCoopers
Marlon 14/08/2003 12/11/2003
PricewaterhouseCoopers
National Insurance & Guarantee Corporation 14/08/2003 12/11/2003
PricewaterhouseCoopers
La Metropole 31/07/2003 31/10/2003
PricewaterhouseCoopers
Dunedin Pool (4 companies)
  • Continental Management Services
  • Cornhill
  • Dowa (Europe)
  • Tower
02/01/2003 03/04/2003

PricewaterhouseCoopers
PricewaterhouseCoopers
PricewaterhouseCoopers
PricewaterhouseCoopers
ING (5 companies)
  • Assurantiemaatschappij “De Zeven Provinciën” (also known as “The Seven Provinces”)
  • “Transatlantica” Herverzekering Maatschappij
  • Nationale-Nederlanden Schadeverzekering Maatschappij
  • Nationale-Nederlanden Internationale Schadeverzekering (also known as “NV The Netherlands Insurance Company Est. 1845”)
  • Mercantile Mutual (Australia)
20/12/2002 20/03/2003
PricewaterhouseCoopers

PricewaterhouseCoopers
PricewaterhouseCoopers
PricewaterhouseCoopers

PricewaterhouseCoopers
City General 07/10/2002 07/01/2003
PricewaterhouseCoopers
Hassneh (UK) 26/04/2002 31/07/2002
PricewaterhouseCoopers
Nichido Fire & Marine of Japan 28/01/2002 25/03/2002
None
Transcon 07/09/2001 06/11/2001
PricewaterhouseCoopers
Ramus 02/04/2001 02/07/2001
PricewaterhouseCoopers
Trent 30/11/1999 01/03/2000
PricewaterhouseCoopers
Crombie (UK) 01/09/1999 30/11/1999
KPMG
Mutual of Omaha (UK) 02/02/1999 03/05/1999
PricewaterhouseCoopers
Osiris 09/11/1998 09/02/1999
KPMG
Scottish & Commonwealth 09/02/1998 09/03/1998
PricewaterhouseCoopers
HIR (UK) 02/02/1998 01/02/1999
RSM Robson Rhodes
Hopewell International 30/06/1995 30/06/1999
None

* The schemes for the WFUM Pools were proposed on a collective basis along with an additional pool company, Sovereign Marine & General Insurance Company Limited. This company is not included in the list above as it is insolvent. Greyfriars and Sovereign (UK) are subsidiaries of Sovereign Marine & General Insurance Company Limited.

In some cases, the Solvent Scheme of Arrangement relates to certain specified business underwritten by the company and/or certain policies have been excluded from the scope of the Solvent Scheme of Arrangement. Full details are provided in the relevant Solvent Scheme of Arrangement document.Click here to go to the top of the page

Proposed Solvent Schemes of Arrangement as at 16 September 2009

Proposed Solvent Schemes of Arrangement as at 16 September 2009 Scheme Meeting Date Scheme Advisers
Camomile Underwriting Agencies Limited TBC Whittington Insurance Services Limited
Orion Stamp Pool (3 companies)
  • Mitsui Sumitomo (Europe)
  • RiverStone (UK)
  • Sirius International Corporation (PUBL)
TBC PricewaterhouseCoopers
PricewaterhouseCoopers
PricewaterhouseCoopers
Ridgwell Fox Underwriting Pool (9 companies)
  • Assurances Generales de France IART
  • GAN Assurances IARD, Compagnie Française d'Assurances et de Réassurances Incendie, Accidents et Risques Divers
  • Gothaer Allgemeine Versicherung AG
  • Gothaer Versicherungsbank VVaG
  • Minster
  • Moorgate
  • Ocean Marine
  • QBE Re (UK)
  • Wüstenrot & Württembergische AG
TBC PricewaterhouseCoopers
PricewaterhouseCoopers



PricewaterhouseCoopers
PricewaterhouseCoopers
PricewaterhouseCoopers
PricewaterhouseCoopers
PricewaterhouseCoopers
PricewaterhouseCoopers
PricewaterhouseCoopers
Scottish Lion 02/03/2009 PricewaterhouseCoopers
Tokio Marine Europe Insurance Limited TBC PRO Insurance Solutions Limited

In some cases, the Solvent Scheme of Arrangement relates to certain specified business underwritten by the company and/or certain policies have been excluded from the scope of the Solvent Scheme of Arrangement. Full details are provided in the relevant Solvent Scheme of Arrangement document.

Click here to go to the top of the page

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