Trenwick Group, Ltd.(fka TWKGQ)

[lifegear]

do you have the link where it says something about an underwriting year of account is normally closed within 3 yrs for example the 2006 year of account for Syndicate 839 should be closed by the end of 2008?

in reference to this part of the MBO:

"In
addition, any amount payable to Trenwick and TAC pursuant to the LSUK Notes will
occur only after the Letters of Credit issued by the Banks to support
underwriting activities of the Oaks through year of account 2003, and Flinstone
through year of account 2006, have expired and the Banks' claims under the LoC
Facility have been satisfied in full."