Replies to post #1467 on Trenwick Group, Ltd.(fka TWKGQ)

[lifegear]

TAC filed for Chapter 11 and was approved, those two subsidiaries were considered NON-DEBTORS, not part of bankruptcy filing

did they eventually add them on the filing?

how did TAC end up with those two subsidiaries?

what I wish to see is the reunion of the three major subsidiaries and use the NOLs under Trenwick Group




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"The only thing necessary for the triumph of evil is for good [people] to do nothing." --Edmund Burke

[lifegear]

do you have these records in your discussion group?-->>

I was wondering if their runoffs were completed successfully.


4. reports summarizing the status of the run-off of the insurance business of the Company’s subsidiaries, The Insurance Corporation of New York and Trenwick America Reinsurance Corporation, as of December 31, 2007

[lifegear]

Trenwick America Re completed their runoff in 2007....

Thomas Norsworthy has been actively involved in designing the run-off plan of the Kemper Insurance Companies and in managing the recently completed run-off plan for Trenwick America Reinsurance Company. During the period covered by the run-off plan (December 2004 through December 2007), Thomas served as CEO of Trenwick America Re and its subsidiary, The Insurance Corporation of New York.

http://kenningfinancial.com/leadership.htm

[lifegear]

TAC List of Non-Bankrupt Subsidiaries as of Oct2005....


Trenwick America Corp
List of Non-Debtor Entities

Trenwick America Reinsurance Corporation
The Insurance Corporation of New York
Chartwell Advisors Limited
Canterbury Financial Group Inc.
Trenwick America Services Corporation

http://knobias.10kwizard.com/filing.php?param=&ipage=3719399&DSEQ=5&SEQ=&SQDESC=SECTION_EXHIBIT&exp=

so those two weren't protected by bankruptcy nor under liquidation?

I think I did see something about having $400M in reserves for the one connected with Chubb...not sure

there's evidence that both subs have completed their successful runoffs too in 2007--both handled by Kenning Financial

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=33104035





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"The only thing necessary for the triumph of evil is for good [people] to do nothing." --Edmund Burke