BY: KRISTEN DRAKE
The deadline to file claims with the Receiver for Arrowood Indemnity Company’s liquidation is fast approaching. All claims must be submitted on or before January 15, 2025, or they will “be barred forever from recovering on claims against Arrowood, or its estate.” Trinidad Navarro, the Delaware Department of Insurance Commissioner, serves as the Receiver.
If you’re facing a long-tail liability, toxic tort, or latent injury claim, and any of the carrier names listed in this article sound familiar, now is the time to act. PolicyFind’s Team can help you organize and present your evidence of coverage and submit your Proof of Claim before the Claims Bar Date. Time is of the essence to ensure your claim is preserved.
Arrowpoint Capital announced on November 8, 2023, that Arrowood Indemnity Company had been placed into and consented to liquidation by order of the Chancery Court of Delaware.
Formerly known as Royal Globe Insurance Company and/or Royal Indemnity Company, Arrowood Indemnity was acquired by Arrowpoint Capital in 2007 as part of the U.S. insurance operations of Royal & Sun Alliance Insurance Group plc. Click here for the list of the 75 companies involved with the Arrowood Indemnity liquidation.
Dennis Cahill, President & CEO, attributed the liquidation to factors such as the enactment of child victim act statutes and the persistent emergence of claims related to legacy insurance policies issued decades ago. These developments have significantly impacted the company’s financial condition. Read the company’s full statement here.
Similar to Bedivere Insurance Company’s liquidation in 2021, Arrowood Indemnity’s liquidation may have broad implications for long-tail, toxic tort, and latent injury claims. General liability policies issued by companies like Arrowood often provide coverage for these types of claims. Don’t miss your opportunity to secure your claim—contact PolicyFind for assistance today.