Bermuda-based Trenwick Group Ltd., which is in provisional liquidation, announced that its subsidiary, Trenwick Holdings Limited, has completed the previously announced sale of all of the capital stock of Trenwick International Limited, the company’s London-based specialty insurance and reinsurance subsidiary, which is currently in runoff.
Trenwick also said it had completed the sale of all of the capital stock of Trenwick Management Services Ltd. (TMS) and Specialist Risk Underwriters Limited (SRU) to LCL Acquisitions Ltd., an associated company of the Litigation Control Group (LCL).
“TMS is Trenwick International’s management services company. SRU is a company that has carried out underwriting agency services for Trenwick International and other entities,” said the announcement. It also noted that the U.K.’s Financial Services Authority had approved the transactions.
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