Highlands cedant creditors agree scheme
The winding up of insolvent UK insurer Highlands Insurance Company (HUK)'s liabilities has moved within sight after cedant creditors agreed to a scheme of arrangement's terms.
This follows successful completion of the scheme that dealt with HUK's direct insurance creditors, which became effective in August 2009 and paid all claims in full in accordance with its terms.
The combined schemes were administered by PricewaterhouseCoopers' (PwC) Dan Schwarzmann and Mark Batten, the joint administrators of HUK.
They have traversed a rocky...
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