Trenwick Group, Ltd.(fka TWKGQ)

[temp luvs amy]

I just read the old La Salle filing, and it mentions "the transaction" and completion of "winding up." Apparently, "emergence" is never anticipated by the Bermuda court and liquidation is the end result. They did say that syndicate 839 has become an RITC to expedite the liquidation. Surely they cannot monetize reserves, but evidently they don't even have the actuarial support to even estimate the ratio of reserve to claims. Their main concern appears to be squeezing the $87 million out of the $563 million, and they evidently do not have enough information to do so, based on allowable claims.