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Trenwick in Chapter 11 - Lloyd's operations unaffected
Trenwick Group, the Bermuda-based specialty insurance and reinsurance organisation, has announced that it and its affiliates, LaSalle Re Holdings and Trenwick America Corporation, have filed for protection under Chapter 11 of the US Bankruptcy Code with the US Bankruptcy Court for the District of Delaware.
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No cash for TAG underwriters
...and preferred creditors will receive only 8.2p for each £1 owed




























