Bedivere Insurance Company
Bedivere Insurance Company was previously known as OneBeacon Insurance Company
Affected Merged Companies:|
- Lamorak Insurance Company----formerly known as OneBeacon America Insurance Company
- Potomac Insurance Company
- Employers Fire Insurance Company
|Date of Liquidation:||March 11, 2021|
|Filing Deadline:||December 31, 2021|
States Where Licensed:||All 50 plus the District of Columbia, Puerto Rico, the US Virgin Islands, American Samoa and Guam|
|Type of Business Sold:||Workers' Compensation, Commercial Auto, Commercial Liability, Products Liability and Personal Auto Coverage|
Due to continued financially hazardous conditions as well as a recently completed fourth quarter 2020 financial statement that showed a substantially increased negative surplus, Bedivere Insurance Company (Bedivere) was placed into liquidation by Pennsylvania Commonwealth Court on March 11, 2021.
Files will be shipped to the appropriate guaranty associations across the country for their review. Anyone having unpaid claims should wait until they are contacted by their guaranty association. Click here for Guaranty Fund Roster. Within 60-90 days from the Liquidation date, any known claimants, general creditors or other related parties should have received a packet of information including a Proof of Claim Form, a Question and Answer Form and general information regarding the liquidation process.
For more information on Liquidations and Rehabilitations, visit Quick Facts: An Overview of Insurance Company Liquidations and Rehabilitations.