KPMG get 97p in the £1 from Sovereign
Creditors of the Sovereign Marine & General Insurance Company scheme of arrangement will shortly receive a final distribution, bringing the total payout to 97% in what is seen as a success for administrators KPMG.
The scheme payment percentage for London Market insurer Sovereign has been increased by 12% from 85% following a final assessment of its financial position aftyer lower than expected claims were
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