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LLR: Insurance & Reinsurance

TRANSIT CASUALTY COMPANY TOUCHE ROSS & CO V POLICYHOLDERS PROTECTION BOARD AND OTHERS

(1991) 1 Re LR 49

Chancery Division

Before Mr Justice Hoffman

Insolvency - Winding up - Insurance companies - Valuation of liabilities - Long-tail US casualty and professional indemnity insurance and reinsurance - Whether Policyholders’ Protection Board obliged to cover claims - Insurance Companies (Winding Up) Rules 1985, Rule 6, Schedule 1, paragraph 2(2)(a)(b).

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