PRO Insurance Solutions

WFUM Pools Schemes Granted Chapter 15

The United States Bankruptcy Court has granted recognition to the Schemes of the 11 Solvent Scheme Companies which applied for Chapter 15 relief. The Chapter 15 order provides that the Schemes of such Scheme Companies are to be given full force and effect in the United States, and provides for a permanent injunction and related relief. The 11 Scheme Companies are shown below:

Greyfriars Insurance Company Limited, Sovereign Insurance (UK) Limited, Allianz Insurance plc, Heddington Insurance (U.K.) Limited, Mitsui Sumitomo Insurance Company (Europe), Limited, Ocean Marine Insurance Company Limited, Oslo Reinsurance Company (UK) Limited, The Sea Insurance Company Limited, Tokio Marine Europe Insurance Limited, Wausau Insurance Company (U.K.) Limited and Allianz Global Corporate & Specialty (France). See the Important Information Page for further details.)

 

The amendment to the permanent injunction in the Sovereign Marine & General Insurance Company Limited section 304 case has also been granted, giving full force and effect in the United States to the Amended Scheme of Arrangement between Sovereign Marine & General Insurance Company Limited and its Scheme Creditors. (See the Important Information page for further details.)