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EU to launch pan-European insurance supervisor
The EU is poised to move from being regulator to supervisor, as the European Commission launches legislation to create a pan-European insurance authority.
28 September 2009
Leave to convene hearing for EAUA Pools draws near
In a further test for solvent schemes of arrangement, the hearing for the English and American Underwriting (EAUA) Pools' leave to convene a meeting of creditors is scheduled to be held in the UK courts on 30 November 2009.
24 November 2009
UK drives drop in European run-off liabilities
A significant reduction in the UK's run-off market has driven a EUR2bn decrease across Europe, according to a recent survey.
10 March 2008
Folksam UK: run-off fees continue to outweigh collections
The money collected by PricewaterhouseCoopers (PwC), the administrators of the defunct UK insurer Folksam UK, outweighs the collections made on behalf of creditors by almost £2.5mn, the latest report to creditors reveals.
29 October 2007
Enstar now in exclusive Unionamerica talks
The legacy sector is eagerly awaiting news on Travelers’ decision over the sale of its UK-based long-tail run-off business, Unionamerica Insurance Company, which attracted a frenzy of potential buying interest over the summer.
07 October 2008
Legacy: news in brief
Sovereign receives further $60mn; Highlands to scheme
11 May 2009
London digest
R&Q makes Booth CFO; London avoids Iran crash; Numis Catco IPO gain; Quinn: Renewal rights only?
13 January 2011
Gilroy looks to scheme Scottish Lion
Scottish Lion Insurance Company, the UK insurer in run-off that used to be run by AXIS Capital founder John Charman, is again looking to crystallise its liabilities via a scheme of arrangement.
11 November 2008
Policyholders fail in late Scottish Lion appeal bid
Covington & Burling (C&B), the US law firm that specialises in representing policyholders in proposed schemes of arrangement, has had its motion to launch a counter-appeal of the controversial Scottish Lion scheme dismissed.
31 March 2010
Trinity payout rises as scheme closes
Administrators PricewaterhouseCoopers (PwC) announced today a final payment of 76.75 percent to creditors under the Trinity Insurance Company Ltd scheme of arrangement.
25 June 2007
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