This is the latest news relating to the proposed Scheme.

28 August 2009
Practice Statement Letter (PSL) sent to all TMEI Scheme Creditors where an address was known to TMEI, advising policyholders that 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. A copy of the PSL has also been sent to brokers, agents and other intermediaries, requesting that they notify any of their clients that they feel may be affected by the proposed Scheme.