Goshawk has announced that its reinsurance subsidiary Rosemont Re is likely to go into run-off.
The insurer added that, should this happen, there could be no certainty as to either the value or timing of payments to the company's shareholders.
Goshawk previously announced that it was considering Rosemont Re's future, entailing either a significant capital injection into the reinsurer or the sale of it.
In a statement this morning, Goshawk said discussions had now ended and that the board was now seeking to maximise the value of Rosemont Re for the benefit of the company's shareholders.
The company said a further announcement would be made when appropriate.
