(216) 609-3940
SandRun Risk
  • Home
  • What We Do
    • Risk Management
    • Insurance Claims
    • Insurance Archaeology
  • Blog
  • About
    • Team
    • Our Company
    • Articles
  • Contact

Bedivere Insurance Company Liquidation and Proof of Claim Deadline

3/29/2021

0 Comments

 
Picture

​Bedivere Insurance Company has been placed into liquidation and a deadline of December 31, 2021 has been set as the deadline for policyholders to file a Proof of Claim.

The Pennsylvania Commonwealth Court has ordered Bedivere Insurance Company to be liquidated and the Pennsylvania Insurance Commission has taken over its remaining assets. Bedivere Insurance Company’s year-end 2020 financials showed a negative $227.5 million in policyholder surplus. The policyholder surplus at the end of 2019 was $24.2 million.  Asbestos losses drove the deterioration.

Bedivere Insurance Company has a convoluted corporate history. It was formerly known as OneBeacon Insurance Company. Several companies historically were part of OneBeacon Insurance Company including American Employers’ Insurance Company, Commercial Union Assurance Company (and other Commercial Union related insurance companies), Employers’ Surplus Lines Insurance Company, Employers’ Liability Assurance Corporation, Ltd., and General Accident Insurance Company. In December 2014 OneBeacon Insurance Company was acquired by Trebuchet US Holdings, Inc., a wholly owned subsidiary of Armour Group Holdings Ltd. In December 2020 The Employers Fire Insurance Company, Lamorak Insurance Company, and Potomac Insurance Company were merged into Bedivere Insurance Company. 

Information regarding the liquidation can be found on the Pennsylvania Department of Insurance liquidation website. Here is the link to the policyholder notice. The deadline for submitting a Proof of Claim is December 31, 2021. Here’s the link to the Proof of Claim form. 

Policyholders should review the Proof of Claim form and begin to gather the necessary information and documentation to complete the Proof of Claim and submit it with supporting documentation by the December 31, 2021 deadline.  

0 Comments



Leave a Reply.

    Authors

    Lori Siwik and Mark Siwik are the founders of SandRun Risk.  They apply the principles of vertical leadership and lean six sigma to the discipline of risk management.  From time to time they share their blog with guest authors who write about important risk management principles.

    Categories

    All
    Insurance Claims
    Mergers And Acquisitions
    Risk Management

    Archives

    May 2022
    December 2021
    September 2021
    August 2021
    July 2021
    June 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    March 2020
    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    June 2017
    May 2017
    March 2017
    December 2016
    November 2016
    October 2016
    August 2016
    July 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    October 2015
    September 2015
    August 2015
    June 2015
    May 2015
    April 2015
    March 2015
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014
    May 2014
    April 2014
    March 2014

    Categories

    All
    Insurance Claims
    Mergers And Acquisitions
    Risk Management

    RSS Feed

What We Do.

Risk Management
Insurance Claims
Insurance Archaeology

Blog.

About.

Team
Our Company
Articles

Contact.

Legal.

Privacy
Terms of Use
 
Copyright ©2014 | 4199 Kinross Lakes Parkway, Ste. 275 Richfield, Ohio 44286 | 216-609-3940 | info@sandrunrisk.com