Scottish Lion: A final roar
In what would be a surprise move, Berkshire Hathaway is considering pursuing the solvent scheme of arrangement for Scottish Lion, its newly acquired discontinued (re)insurer, instead of traditionally running the entity off.
The Warren Buffett-headed group bought Scottish Lion at the end of April from Audley Gilroy, in the middle of the defunct (re)insurer's efforts to secure a second sanction hearing for its proposed solvent scheme.
Berkshire Hathaway's preference to use (re)insurers' assets to reinvest elsewhere means it is normally...
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