Trinity Insurance Company Limited

Effective date of scheme:

18 March 1993

Effective date of amending scheme:

16 December 2003

Date of insolvency:

23 March 1992

Type of appointment:

Scheme of Arrangement

Appointment holders:

Paul Evans (Scheme Administrator)
Nigel Rackham (Scheme Administrator)

Financial information:

Last accounts filed 31 December 2006

Current payment percentage:

76.75% (final)

Key contacts:

Ed Barron
PricewaterhouseCoopers LLP
Plumtree Court
London
EC4A 4HT
Tel: + 44 (0) 20 7213 3398

Company background

Trinity Insurance Company Limited ("Trinity") was incorporated on 7 January 1956 and is a wholly owned subsidiary of Trinity Insurance Group Limited which in turn is a wholly owned subsidiary of GFA International Limited (In Liquidation).Trinity wrote direct Fire and Accident, Marine and Aviation and Reinsurance, representing approximately 50%, 20% and 30% respectively of Trinity's 1991 gross written income. Trinity ceased to write new business in January 1992. Richard Boys-Stones and Colin Bird were appointed Joint Provisional Liquidators on 23 March 1992. A Scheme of Arrangement became effective on 18 March 1993 and an Amending Scheme of Arrangement ("the Amending Scheme") (designed to bring the run-off to an earlier conclusion than would be the case if the natural run-off were to continue) was approved by Trinity's scheme creditors and became effective on 16 December 2003. 

A thirteenth and final distribution of 6.75% was made to Scheme Creditors in June 2007, bringing the total distribution to 76.75%.

Planned approach/Next steps:

The Scheme of Arrangement terminated on 10 February 2010 when the company was wound up by an Order of The Court.  The Official Receiver was appointed as liquidator at that time.  

Information correct as at: August 2010

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Mark Addley

Mark Addley

Restructuring and Insolvency Leader, PwC United Kingdom

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Ed Macnamara

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Tel: +44 (0)7739 873104

David Kelly

David Kelly

Restructuring and Insolvency Partner, UK Head of Insolvency, PwC United Kingdom

Tel: +44 (0)7974 332659

Carla Matthews

Carla Matthews

Partner - Head of Contentious Insolvency & Asset Recovery, PwC United Kingdom

Tel: +44 (0)7483 365547

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