Insight and Intelligence on the London & International Insurance Markets

4 February 2012

Confusion reigns following Scottish Lion shock

6 October 2009

The run-off industry will again look to Scotland later this month to see whether the confusion created by last month's shock Scottish Lion decision becomes clearer after a case management conference, currently scheduled for the 12 October.

According to sources close to the process, there are two likely outcomes. The legal team for the Audley Gilroy-owned discontinued insurer and its administrators, PricewaterhouseCoopers (PwC), could present new information or evidence in relation to the proposed scheme of arrangement, and Judge Glennie...

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