Andrew Weir Insurance Company has set a revised payment percentage of 41% under Andrew Weir's scheme of arrangement. Andrew Weir's scheme administrator, PricewaterhouseCoopers (PWC), took the decision.
It said creditors would benefit from a further 5% of their established liabilities above the current payment level.
Omni Whittington Insurance Services, the run-off management company for Andrew Weir, will process the additional payments to scheme creditors, said PWC.
As of 30 September, Andrew Weir had paid scheme creditors a total of US$72m.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
