Arrowood Indemnity Co. Liquidation: Bar Date for Claims Set for Jan. 15, 2025

The Delaware Chancery Court placed Arrowood Indemnity Company in liquidation on November 8, 2023, by a liquidation order. The court found Arrowood to be insolvent by the court, and appointed a receiver to liquidate Arrowood’s assets, evaluate any claims made against Arrowood and evaluate the payment of claims made against it.

Background

Filed under:
USA, Insolvency & Restructuring, Litigation, Hunton Andrews Kurth LLP, Liquidation, Insolvency, Delaware Court of Chancery
Authors:
Lorelie S. Masters
Location:
USA
Firm:
Hunton Andrews Kurth LLP
Court Order Sending Coverage Dispute To Arbitration Overseas Demonstrates The Potential Consequences Of Purchasing “Bermuda Form” And Other International Coverages

In MF Global Holdings Ltd. et al. v. Allied World Assurance Co. Ltd. et al., No. 1:16-ap-01251 (Bankr. S.D.N.Y. Aug. 24, 2017), the United States Bankruptcy Court for the Southern District of New York ordered MF Global Holdings Ltd. and Allied World Assurance Co. Ltd. to arbitrate their $15 million errors-and-omissions coverage dispute in Hamilton, Bermuda.

Filed under:
USA, Arbitration & ADR, Insolvency & Restructuring, Litigation, Hunton Andrews Kurth LLP, Deposit insurance, Federal Arbitration Act 1926 (USA), United States bankruptcy court
Authors:
Paul T. Moura , Lorelie S. Masters
Location:
USA
Firm:
Hunton Andrews Kurth LLP