HOME INSURANCE UK BRANCH
Scheme Of Arrangement
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Date History

 
 
The Home Insurance Company US was placed into Liquidation by order of the Merrimack
County Superior Court, New Hampshire.



Agreement and Compromise between The Home and certain AFIA Cedants is finalized and submitted
to the court for approval.


Liquidator's Motion for Approval of Agreement and Compromise with AFIA Cedants is GRANTED.


The Supreme Court vacated and remanded the order of The Superior Court granting the motion
filed by The Liquidator for approval of an agreement between the Home and AFIA cedants.


Upon Remand, the Superior Court found that the Liquidator has met his burden of proving
that the agreement and compromise with AFIA Cedants is necessary, fair and reasonable.
Accordingly, the Liquidator's Motion for Approval of Agreement and Compromise with AFIA Cedants is
GRANTED.



The English High Court of Justice made an order sanctioning a scheme of arrangement
pursuant to Section 425 of the Companies Act 1985.



The Scheme became effective.


The Supreme Court of New Hampshire upheld the Superior Court's Sept. 22, 2005 decision
that proposed agreement between the Home estate and the AFIA Cedants was fair and reasonable.



The 2011 Annual Informal Creditors Committe Meeting was held at the offices of ERNST & YOUNG.


   
Last Updated on:1/5/2012
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