TMEI intends to implement a solvent scheme of arrangement (the "Scheme") pursuant to
Part 26 of the Companies Act 2006 to finalise certain reinsurance
liabilities of TMEI as defined within the Scope of
the proposed Scheme(Scope).
PRO Insurance Solutions Limited ("PRO") is the TMEI run-off manager
for the relevant business and
proposed Scheme Manager (Contacts).
28 August 2009
Practice Statement Letter (PSL)
The PSL was sent to all TMEI Scheme Creditors where an address was known to TMEI; advising
policyholders that TMEI propose the Scheme to finalise certain reinsurance
liabilities. A copy of the PSL has also been sent to certain London market brokers,
agents and other intermediaries as well as requesting
that they notify any of their clients that they feel may be affected by the
proposed Scheme. Please refer to the Important Information
page for details.
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