Chairmen Selected for Insurance Conference on 'Solvent Schemes'

NEW YORK, Nov. 2 /PRNewswire/ -- HB Litigation Conferences has announced the
selection of chairmen for a global insurance law conference titled "Solvent
Schemes of Arrangement" to be held in New York City on Jan. 26, 2010.

Chairing HB's "Solvent Schemes of Arrangement" conference will be Ben Lenhart
of Covington & Burling LLP in Washington, DC; Patrick McGrath of Navigant
Consulting Inc. in Chicago; Howard Seife of Chadbourne & Parke LLP of New
York; and John Winter, CEO of Ruxley Ventures Ltd. of London.

Covington represented the group of policyholders opposing the Scottish Lion
scheme of arrangement, and that also represented another group of
policyholders opposing the earlier BAIC and WFUM solvent schemes.

"The panel will offer an in-depth overview of developments in the U.S., U.K.
and other significant insurance markets on a topic of considerable importance
to policyholders and insurance carriers," said Tom Hagy, CEO of HB Litigation
Conferences.

Topping the agenda will be the ramifications of an October, 2009 decision by a
Scottish court favorable to policyholders Goodrich Corp., ExxonMobil Corp.,
Textron, Inc., ITT Corp. and Zapata Corp., a collection of creditors who
opposed the solvent scheme proposed by The Scottish Lion insurance Company.

The policyholders said the plan would terminate important and irreplaceable
insurance coverage issued by Scottish Lion that would respond long-term risks
such as those stemming from U.S. asbestos, toxic torts and environmental
litigation. Scottish Lion had argued that these companies had no right to
challenge the insurer's scheme of arrangement because it had achieved
sufficient votes by creditors.

The Scottish Court agreed with objections raised by the policyholders to the
Scottish Lion scheme, writing that "in a situation where the Company is sound
financially, why should one group of creditors who might wish to enter into a
commutation agreement with the Company be entitled to force other creditors to
participate against their will?"

For more information about the "Solvent Schemes of Arrangement Conference,"
contact HB Litigation Conferences by phone at (484) 324-2755, by email at
info@LitigationConferences.com, or by visiting the conferences section at HB's
website at www.LitigationConferences.com.

HB Litigation Conferences is a nationally certified provider of continuing
legal education conferences, webinars, teleconferences and multi-media
products in the areas of insurance, reinsurance, toxic torts, asbestos,
construction, products and financial litigation. Tom Hagy, HB's CEO, is
former editor and publisher at Mealey Publications and vice president at
LexisNexis. Sharon Boothe, HB's president, was Mealey's Conferences director
since its first program in 1992 through 2008.

Contact

Name: Kristi Savage
Email: Kristi.Savage@LitigationConferences.com
Phone: (484) 324-2755
Website: www.litigationconferences.com

SOURCE HB Litigation Conferences

Kristi Savage of HB Litigation Conferences, +1-484-324-2755,
Kristi.Savage@LitigationConferences.com