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Welcome to Stronghold Insurance Company Limited (in Administration).

This website has been established in order to communicate with Stronghold’s Creditors.  The Administration tab contains all such communications and these are available to download and print.  Listed below are some key dates in the progress of the Administration.  These will be updated when further dates are known.

2 February 2021 – Scheme Meetings scheduled to commence at 10:00am (London Time) via Webinar hosted by Clifford Chance LLP.

1 February 2021 – Voting Form Submission Deadline by no later than 5:00pm (London Time).

16 December 2020 – Letters including the Explanatory Statement, Scheme Document, Estimation Guidelines, Notice of Scheme Meetings and Voting Form sent out to all known Direct and General Scheme Creditors in accordance with the terms of the Court Order.

16 December 2020 – The Court granted Stronghold permission to convene two meetings for both Direct and General Scheme Creditors to vote on the Scheme.

16 December 2020 – Court Hearing of the Joint Administrators’ application for permission to call meetings of Direct and General Scheme Creditors to consider and vote upon the scheme took place via Skype.

16 November 2020 – Practice Statement Letters sent to both Direct and General Scheme Creditors including notice of the Convening Hearing.

17 July 2020 – Joint Administrators’ progress report from 27 December 2019 to 26 June 2020 sent to Creditors.

20 January 2020 – Joint Administrators’ progress report from 27 June 2019 to 26 December 2019 sent to Creditors.

23 October 2019 – Chapter 15 Recognition Order obtained from the United States Bankruptcy Court Southern District of New York.

4 September 2019 – The Joint Administrators’ Proposals were approved by the Creditors.

9 August 2019 – Joint Administrators’ Proposals for achieving the purpose of Administration sent to all Creditors.

27 June 2019 – Dan Yoram Schwarzmann and Douglas Nigel Rackham have been appointed as Joint Administrators of Stronghold Insurance Company Limited to manage its affairs, business and property as agents and without personal liability.  Dan Yoram Schwarzmann and Douglas Nigel Rackham are licensed in the United Kingdom to act as insolvency practitioners by the Institute of Chartered Accountants in England and Wales.

Stronghold Insurance Company Limited is authorised by the Prudential Regulation Authority and regulated by the Prudential Regulation Authority and the Financial Conduct Authority, reference number 202552.

The Joint Administrators are bound by the Insolvency Code of Ethics which can be found at: https://www.gov.uk/government/publications/insolvency-practitioner-code-of-ethics.

The Joint Administrators may act as controllers of personal data as defined by UK data protection law depending upon the specific processing activities undertaken.  PricewaterhouseCoopers LLP may act as a processor on the instructions of the Joint Administrators.  Personal data will be kept secure and processed only for matters relating to the Joint Administrators’ appointment.  Further details are available in the privacy statement on the PwC.co.uk website or by contacting the Joint Administrators.