Latest Updates

EAIC Annual Report to Creditors 2022

This report is dated 20 January 2023 and can be viewed / downloaded from the Important Documents / Information - EAIC further information page.

EAIC Annual Report to Creditors 2021

This report is dated 12 January 2022 and can be viewed / downloaded from the Important Documents / Information - EAIC further information page.

EAIC Annual Report to Creditors 2020

This report is dated 5 January 2021 and can be viewed / downloaded from the Important Documents / Information - EAIC further information page.

EAIC Annual Report to Creditors 2019

This report is dated 8 November 2019 and can be viewed / downloaded from the Important Documents / Information - EAIC further information page.

EAIC Annual Report to Creditors 2018

This report is dated 10 December 2018 and can be viewed / downloaded from the Important Documents / Information - EAIC further information page.

EAIC Annual Report to Creditors 2017

This report is dated 18 December 2017 and can be viewed / downloaded from the Important Documents / Information - EAIC further information page.

EAIC Annual Report to Creditors 2016

This report is dated 20 December 2016 and was circulated to all known creditors in December 2016. A copy of the Annual Report can be viewed / downloaded from the Important Documents / Information - EAIC further information page.

English & American Insurance Company Limited - Certificate of Completion 15 December 2016

A Certificate of Completion has been issued by the Scheme Manager, PRO Insurance Solutions Limited, to English & American Insurance Company Limited. A copy of the Certificate of Completion document can be viewed / downloaded from the Important Information page.

Closure of EAIC Scheme

A letter dated 07/10/2016 has been sent to all Scheme Creditors where Valuation Statements were provided. This formally announces the impending completion and closure of the EAIC Scheme. A copy of the letter can be found on the IMPORTANT DOCUMENTS / INFORMATION page.

EAIC's Scheme Administrators set final scheme payment percentage

The scheme payment percentage has been increased from 48% to 49.6%. This is the final increase. Payments will be made within 90 days of Tuesday 10 November 2015. Refer to the IMPORTANT DOCUMENTS / INFORMATION - EAIC Further Information page for a copy of the press release.

Annual Report to Creditors 2015

This report is dated 10 November 2015 and was circulated to all known creditors in November / December 2015. A copy of the report is available on the EAIC Further Information page.

EAIC's Scheme Administrators set final scheme payment percentage

The scheme payment percentage has been increased from 48% to 49.6%. This is the final increase. Payments will be made within 90 days of Tuesday 10 November 2015. Refer to the IMPORTANT DOCUMENTS / INFORMATION - EAIC Further Information page for a copy of the press release.

Annual Report to Creditors 2014

This report is dated 18 December 2014 and was circulated to all known creditors in January 2015.

A copy of the report is available on the EAIC Further Information page.

24 December 2013

The Solvent Scheme Companies of the English & American Underwriting Agency have been jointly granted an Order Closing Chapter 15 Cases by the United States Bankruptcy Court for the Southern District of New York.

A copy of the court papers can be found on the Important Documents / Information page.

13 December 2013

The scheme payment percentage for English & American Insurance Company Limited ("EAIC") has been increased from 45% to 48%, effective from 11th December 2013

(See the EAIC Further Information Page for a copy of the press release).

06 December 2013

The Solvent Scheme Companies of the English & American Underwriting Agency have jointly filed Foreign Representative Motions for entry of closing Chapter 15 cases at the United States Bankruptcy Court for the Southern District of New York.

A copy of the court papers can be found on the Important Documents / Information page.

05 December 2013

English & American Insurance Company Limited and Claim No. HC13C02801 in the High Court of Justice of England & Wales

Update on the Section 57 Application

As previously reported, the Section 57 Application has been heard and the Court has handed down judgment. A copy of the sealed order of Court and the Deputy Judge's judgment in respect of the Section 57 Application can now be found on the Important Documents / Information page.

09 October 2013

English & American Insurance Company Limited and Claim No. HC13C02801 in the High Court of Justice of England & Wales

Update on the Section 57 Application

The Section 57 Application has now been heard and the Court has handed down judgment. Further details and a copy of the final form of the Court's order can be found at Important Documents / Information page. A copy of the sealed order of Court and the Deputy Judge's judgment will be posted to this website as soon as they are available.

01 October 2013

English & American Insurance Company Limited and Claim No. HC13C02801 in the High Court of Justice of England & Wales

Update on the Section 57 Application

The hearing of the Section 57 Application has now been confirmed as taking place at 10.30am on 3 October 2013 in Court 6 of the Rolls Building, Fetter Lane, London EC4A 1NL. Please note that the Rolls Building is not the same building as the main Royal Courts of Justice building in the Strand. The hearing is listed for an hour and a half.

Documents which relate to the Section 57 Application can be found at Important Documents / Information page.

12 July 2013

English & American Insurance Company Limited and Claim No. HC13C02801 in the High Court of Justice of England & Wales

Update on the Section 57 Application

On 11 July 2013 a claim form and certain accompanying documents were filed with the court by the Trustees of a trust declared on 29th May 2003 by Anthony James McMahon, Thomas Alexander Riddell and the Institute of London Underwriters. The claim form is for a court order granting the Trustees additional powers pursuant to section 57 of the Trustee Act 1925.

The hearing of the Section 57 Application will take place on either 2 October 2013, 3 October 2013 or 4 October 2013 (the final date and time of the hearing have not yet been confirmed by the court). Further information about the hearing will be posted on this website once known.

Documents which relate to the Section 57 Application can be found at Important Documents / Information page.

EAUA Pools Solvent Scheme Companies - Certificate of Completion (13 September 2013)

A Certificate of Completion has been issued by the Scheme Manager (PRO Insurance Solutions Limited) to the Solvent Scheme Companies.
(See the Important Information page for further details.)

Nippon Insurance Company of Europe - Certificate of Completion (5 September 2013)

A Certificate of Completion has been issued by the Scheme Manager (PRO Insurance Solutions Limited) to Nippon Insurance Company of Europe.
(See the Important Information page for further details.)

EAUA Pools Solvent Scheme Companies - Notice of Impending Completion (19 July 2013)

A notice was issued on 19 July 2013 regarding the impending completion of the schemes of arrangement made between the Solvent Scheme Companies and their respective Scheme Creditors (as defined in the Scheme) pursuant to section 425 of the Companies Act 1985.

(See the Important Information page for further details.)

Re English & American Insurance Company Limited and Claim No. HC13C02801 in the High Court of Justice of England & Wales

Update on the Section 57 Application

On 11 July 2013 a claim form and certain accompanying documents were filed with the court by the Trustees of a trust declared on 29th May 2003 by Anthony James McMahon, Thomas Alexander Riddell and the Institute of London Underwriters. The claim form is for a court order granting the Trustees additional powers pursuant to section 57 of the Trustee Act 1925.

The hearing of the Section 57 Application will take place on either 2nd October 2013, 3rd October 2013 or 4th October 2013 (the final date and time of the hearing have not yet been confirmed by the court). Further information about the hearing will be posted on this website once known.

Documents which relate to the Section 57 Application can be found at Important Documents / Information page.

Nippon Insurance Company Limited - Notice of Impending Completion (11 July 2013)

A notice was issued on 11 July 2013 regarding the impending completion of the schemes of arrangement made between Nippon Insurance Company Limited and their respective Scheme Creditors (as defined in the Scheme) pursuant to section 425 of the Companies Act 1985.

(See the Important Information page for further details.)

English & American Insurance Company Limited and Claim No. 1/A 22 of 2013 in the High Court of Justice of England & Wales

Update on the Directions Application

On 13 May 2013, the Trustees of a trust declared on 29th May 2003 by Anthony James McMahon, Thomas Alexander Riddell and the Institute of London Underwriters (the "ILU") issued an application for preliminary directions (the "Directions Application") in respect of a claim form they intend to issue in the High Court for an order granting them additional powers as Trustees under section 57 of the Trustee Act 1925 (the "Section 57 Application"). One of the orders sought in the Directions Application is for the appointment of the ILU as a representative Defendant to the Section 57 Application, so that appropriate arguments can be made to the Court in response to the Trustees and, in particular, to represent the interests of the Overlapping Beneficiaries (as defined in the First Witness Statement of John Mitchell Wardrop).

Please note that the ILU has now advised the Trustees that it does not in fact wish to be appointed as a representative Defendant to the Section 57 Application. Consequently, the Trustees will no longer be seeking an order that the ILU be so appointed. The Trustees will instead seek orders that either another suitable person (such as one of the Overlapping Beneficiaries) be appointed as a representative Defendant, should such a person put itself forward, or the Trustees be permitted to issue the claim form in the Section 57 Application without naming a Defendant. The effect of the latter would be that the Trustees' counsel would seek to address the High Court on all relevant issues and explain in full how the interests of beneficiaries, including the Overlapping Beneficiaries, of the Trust might be adversely affected by the Section 57 Application.

The hearing of the Directions Application will still take place on 3 July 2013 at 11am. Documents which relate to the Directions Application and the Section 57 Application can be found at Important Documents / Information page page.

Re English & American Insurance Company Limited and Claim No. 1/A 22 of 2013 in the High Court of Justice of England & Wales

The Scheme Administrators, John Mitchell Wardrop and Michael Steven Walker, intend to issue a claim form in the High Court of England and Wales in which they are seeking an order from the Court to grant them additional powers as Trustees pursuant to section 57 of the Trustee Act 1925 (the "Section 57 Application"). The Application will enable them to make payments from the Trust to the great majority of beneficiaries at or around the same time as final distributions are made to those beneficiaries under EAIC's Closing Scheme.

A hearing in respect of the Directions Application has been listed for 11am on 3 July 2013 at the Rolls Building, 110 Fetter Lane, London EC4A 1NL (the "Directions Hearing"). Documents which relate to the Directions Application and the Section 57 Application can be found at Important Documents / Information page page.

The scheme payment percentage for English & American Insurance Company Limited ("EAIC") has been increased from 40% to 45%, effective from 17th October 2012

(See the EAIC Further Information Page for a copy of the press release).

Bar Date for Claim Form Submissions

Following the Bar Date for Scheme Companies, Scheme Creditors are no longer entitled to assert any additional Scheme Claims.

The Bar Date being before 17.00 hours (UK time) 11 April 2011.

(See the News Page for further details.)

If you have any queries regarding your claim submission please contact the EAUA Pools helpline.

Chapter 15 and Amended Section 304 - 23 November 2010

The United States Bankruptcy Court has granted recognition to the Schemes for the Solvent Scheme Companies. The Chapter 15 order provides that the Schemes of such Scheme Companies are to be given full force and effect in the United States and provides for a permanent injunction and related relief. (See the Important Documents / Information page for further details).

The amendment to the permanent injunction in the English & American Insurance Company Limited Section 304 case has also been granted, giving full force and effect in the United States to the Amended Scheme of Arrangement between English & American Insurance Company Limited and its Scheme Creditors. (See the Important Documents / Information page for further details).

Scheme Effective Date (12 October 2010) and Bar Date (11 April 2011)

The latest Scheme mailing dated 25 October 2010 gave Notification of the Effective Date and Bar Date for the Schemes. This was sent to potential Scheme Creditors of the EAUA Pools Scheme Companies, where PRO Insurance Solutions Ltd has an address, plus certain London market brokers, legal representatives and market bodies. The letters sent to USA creditors also attached a Notice of Filing and Hearings on Petitions Under Chapter 15 of the United States Bankruptcy Code and also Notice of motion pursuant to Sections 105 and 304 of the Bankruptcy Code to amend the Permanent Injunction Order to aid Enforcement of Amended Scheme of Arrangement between English & American Insurance Company and its Scheme Creditors. Copies of the mailings, including the Notices, can be downloaded from the Important Documents/Information page of this website.

The proposed Schemes for the 16 EAUA Pools Scheme Companies for whom votes were taken at the 30th April 2010 Creditors' Meetings have been sanctioned by the High Court of Justice in England and Wales on 6th October 2010 and became effective and binding on the Scheme Companies and their Scheme Creditors on 12th October 2010 (the "Effective Date"). (See the Important Documents / Information page for further details). The 16 EAUA Pools Scheme Companies are listed on the Scheme Companies page.

Scheme Creditors wishing to submit a Scheme Claim must submit their Claim Form via the Website or return their manual Claim Form to PRO by 17:00 hours (UK Time) on 11th April 2011 (the "Bar Date").

Claim Forms may be submitted either via the Website, or by completing and returning a paper copy of the Claim Form by post, fax or e-mail, to PRO. The Website and the documents that accompany the manual Claim Form contain important information and guidelines explaining the process for submission of your Claim Form.

1. General Creditors and E&A Pool Creditors; and
2. E&A Pool Participants

as defined in the ICS existing scheme;

Three meetings of creditors for each of City International Insurance Company Limited, Fuji International Insurance Company Limited,

KX Reinsurance Company Limited, Metropolitan Reinsurance Company (U.K.) Limited and Moorgate Insurance Company Limited will be convened as follows:

1. for Scheme Creditors in relation to their Scheme Claims other than IBNR Claims and claims under (3) below;
2. for Scheme Creditors in relation to their IBNR Claims other than claims under (3) below; and
3. for Scheme Creditors in relation to their claims under those UK employer's liability covers listed in Schedule 1 to Appendix F of the Scheme; and

Two meetings of creditors for each of the remaining 8 Scheme Companies will be convened as follows:

1. for Scheme Creditors in relation to their Scheme Claims other than IBNR Claims; and
2. for Scheme Creditors in relation to their IBNR Claims.

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