Replies to post #6371 on Trenwick Group, Ltd.(fka TWKGQ)

[msnow]

From what I understood of it, and I'm not in the insurance business is that the reinsurance to close essentially resulted in Canopius assuming the remaining liabilities and assets. In this case the assets exceeded the expected liabilities by quite a bit, and Canopius paid some amount for this. They now 'own' the whats left of 839.