Nigel Chatterjee

The members' voluntary liquidation of Overseas Partners Ltd., once one of Bermuda's largest reinsurers, has been completed. Liquidators Peter Mitchell and Nigel Chatterjee declared a final distribution totaling $65 million, or $0.545 per share, to the company's shareholders in November, 2007 and the company held its final General Meeting of Shareholders on December 28, 2007. OPL went members' voluntary liquidation on January 31, 2006 but had been in run off since February 13, 2002.

Bermuda-based Overseas Partners Ltd. went into voluntary liquidation on January 31, 2006 - nearly four years after going into run-off. Peter C.B. Mitchell, 51, and Nigel J.S. Chatterjee, 52, both of PricewaterhouseCoopers (Bermuda), have been appointed liquidators.The process should be “substantially completed, if not completed, by the end of 2006 if events unfold according to plan”, the firm stated in a recent SEC filing.