Arrowood Bar Date Reminder – 1/15/2025

As previously reported, Arrowood Indemnity Company was declared insolvent and ordered into liquidation in Delaware on November 8, 2023. Creditors wishing to preserve their claims against Arrowood must file their proof of claim forms by January 15, 2025. Please note that the forms must be notarized and received on or before the bar date.

We have written extensively on our Risky Business blog about Arrowood’s decline and the impact of the 2007 transaction that divested Royal Indemnity Company and its US-based affiliates via a management buyout. For more information on the liquidation proceedings, including a copy of the proof of claim form, please see the Delaware Department of Insurance’s Arrowood Liquidation website.

CX Re – December 12, 2024 Creditors Vote Meeting

On October 4, 2024, the High Court of England and Wales granted approval for CX Reinsurance Company Limited to hold a creditors meeting to vote on a proposed insolvent scheme of arrangement. The meeting will be December 12, 2024 at 5PM London time and will be held virtually. Direct Scheme Creditors (as defined in the scheme documents) should have received a unique URL and login details for the meeting.

CX Reinsurance Company Limited, formerly CNA Reinsurance of London Limited, wrote business through the London Market beginning in 1972 until 2001. CX Re was declared insolvent and placed under administration on August 17, 2020. If the scheme is approved by creditors, CX Re estimates a July 2025 final claims submission bar date. For more information on the administration, proposed scheme documents, and the creditor voting form, please see CX Re’s website.

Home Insurance Company – Declares 5^th Interim Dividend

On September 16^th, the Supreme Court of New Hampshire approved the liquidator’s request for an additional 5% dividend for allowed class II policyholder claims. The 5^th interim dividend brings the total distribution percentage for allowed claims to 45%.

The original proof of claim filing deadline was June 13, 2004, and the final claims amendment deadline was January 26, 2023. Therefore, the liquidator is not accepting any new claims. For more information, please see the liquidation website.