Replies to post #6971 on Trenwick Group, Ltd.(fka TWKGQ)

[lifegear]

yes, they did have that solvent scheme and it was completed...

"Absent any accelerated closure mechanism, it is possible that the
normal course run-off of LaSalle would continue for at least five years.
However, as an accelerated closure mechanism, LaSalle has proposed a Scheme of
Arrangement under Section 99 of the Bermuda Companies Act 1981 (the "Scheme")
with its creditors.

The Scheme was approved by LaSalle's creditors and was sanctioned by the Court
on April 27, 2007. Now that the Scheme has been implemented it will materially
shorten the time necessary to finalise LaSalle's closure. The Scheme is
expected to terminate LaSalle's remaining insurance liabilities by the end of
2007"

http://knobias.10kwizard.com/filing.php?param=&ipage=4901301&DSEQ=2&SEQ=&SQDESC=SECTION_EXHIBIT&exp=

[lifegear]

Lasalle as Solvent http://www.runoffmarket.com/component/option,com_schemes/task,view/id,133/



Scheme: La Salle Re Limited Company Name: La Salle Re Limited
Address: 44 Church Street
Hamilton
Bermuda
HM12
Contact: LaSalle Administration
Telephone: [phone]
Fax: [phone]
Email: [e-mail]
Website:
Scheme Advisors: KPMG
Type: Solvent
Meeting Date: 11 Apr 2007
Effective Date: 25 May 2007
Bar Date: 30 Aug 2007