OIC Run-Off and London & Overseas Early Final Dividend Reminder – November 14

This is a final reminder that OIC Run-Off (formerly Orion Insurance Company Limited) and London & Overseas Insurance Company Limited (collectively, “Orion”), made “Early Final Dividend Offers” to scheme creditors with agreed claims. Orion has previously paid 76% on such claims, and the proposed final dividend of 4% would bring the total dividend to 80%.

The offer is considered early because Orion does not anticipate terminating the existing scheme until 2038, at which point it will consider paying a final dividend with any assets remaining. Scheme administrators currently estimate a maximum final dividend of 5.74% to be paid around 2038, but there exists the possibility that, after another 13 years, Orion may have insufficient assets to make any such distribution. Scheme administrators believe that accelerating final payouts now will aid with winding up the estate faster and more efficiently.

To accept the offer, creditors must access the Early Final Dividend Portal, create an account, review the offer, and sign the agreement by November 14, 2025. For more information, please see Orion’s website or contact us with questions

Transport Insurance Company Liquidation

On October 21, 2025, Transport Insurance Company (“Transport”) was declared insolvent, ordered into liquidation in Ohio, and the Superintendent of the Ohio Department of Insurance was appointed as liquidator. The liquidator has not yet set a proof of claim filing deadline and we will continue to monitor for that date.  

Transport Insurance Company is the successor to certain policies issued by Transport Indemnity Company prior to 1986. For more information (including the liquidation order and an FAQ on the liquidation), please see the Transport liquidation website.