Insight and Intelligence on the London & International Insurance Markets

9 February 2012

Scottish Lion wins cost dispute after BH acquisition

7 May 2010

After months of uncertainty and legal wrangling, the headache over obtaining sanction for Scottish Lion's proposed scheme of arrangement was suddenly cured at the end of April when investment giant Berkshire Hathaway bought the legacy (re)insurer from Audley Gilroy.

And The Insurance Insider can also reveal that Scottish Lion's costs dispute with Covington & Burling (C&B), the specialist law firm that marshalled opposition to the proposed scheme, was resolved primarily in the (re)insurer's favour last month.

It was a welcome...

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