UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DCD.C. 20549

FORM 8-K

CURRENT REPORT ~~PURSUANT~~

TOPursuant ~~SECTION~~to Sections 13 ORor 15(Dd) OFof ~~THE~~the

~~SECURITIES~~Securities ~~EXCHANGE~~Exchange ~~ACT~~Act OFof 1934

Date of ~~report~~Report (Date of earliest event reported) : November 19, ~~2008~~2010

TRENWICK GROUP LTD
(Exact name of registrant as specified in its charter)
BERMUDA
(State or other jurisdiction of incorporation)
1-16089	98-0232340
(Commission File Number)	(I.R.S. Employer Identification No.)
c/o Michael Morrison, John Wardrop Joint Liquidators Trenwick Group Limited Crown House, 4 Par-La-Ville Road Hamilton HM 08, Bermuda	Not Applicable
(Address of principal executive offices)	(Zip Code)

TRENWICK GROUP LTD

(~~441)~~Exact ~~295-5063~~name ~~(Registrant’s~~of ~~Telephone~~registrant ~~Number,~~as ~~Including~~specified ~~Area~~in ~~Code~~its charter)

~~NOT~~Bermuda ~~APPLICABLE~~ (~~Former~~State ~~Name~~ or ~~Former~~other ~~Address,~~jurisdiction ifof ~~Changed~~incorporation) ~~Since~~1- ~~Last~~16089 ~~Report~~(Commission File Number) 98-0232340 (I.R.S. Employer Identification No.)

~~Check~~c/o ~~the~~Michael ~~appropriate~~Morrison, ~~box~~John ~~below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):~~Wardrop

oJoint ~~Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)~~Liquidators

oTrenwick ~~Soliciting~~Group ~~material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)~~Limited

~~o Pre-commencement~~Crown ~~communications~~House, ~~pursuant~~4 ~~to Rule 14d~~Par-~~2(b) under the Exchange Act (17 CFR 240.14d~~La-~~2(b))~~Ville Road

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Hamilton HM 08, Bermuda	Not Applicable
(Address of principal executive offices)	(Zip Code)

~~ITEM~~Registrant's ~~8.01.~~telephone ~~OTHER~~number, ~~EVENTS.~~including area code: (441) 295-5063

~~Hamilton,~~Check ~~Bermuda (November 19, 2008): The Joint Liquidators (“JLs”) of Trenwick Group Limited (“~~the ~~Company”~~appropriate orbox ~~“TGL”)~~below ~~are~~if ~~providing holders of~~ the ~~Company's~~Form ~~Common~~8-K ~~Shares,~~filing ~~par~~is ~~value~~intended ~~$0.10~~to ~~per~~simultaneously ~~share~~satisfy (the ~~"Common~~obligation ~~Shares") with a status report~~ of the ~~affairs~~registrant ofunder ~~the~~any ~~Company. The Company's current reports on Form 8-K are available free~~ of ~~charge at~~ the ~~SEC's~~following ~~website www.sec.gov.~~ provisions:

[ ]	Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ]	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ]	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ]	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 7.01 REGULATION FD DISCLOSURE

Hamilton, Bermuda (November 19, 2010): The Joint Liquidators (“JLs”) of Trenwick Group Limited (“the Company” or “TGL”) are providing holders of the Company's Common Shares, par value $0.10 per share (the "Common Shares") with a status report of the affairs of the Company. The Company's previous reports on Form 8-K are available free of charge at the SEC's website www.sec.gov.

1. Company Background

In August 2003, insolvency proceedings were initiated in both the United States and Bermuda. The Supreme Court of Bermuda ( the “Bermuda Court”) ordered that Michael Morrison, of KPMG Advisory Limited in Bermuda, and John Wardrop of KPMG LLP in England be appointed Joint Provisional Liquidators to the Company (the “Joint Provisional Liquidators”) and the Company’s subsidiary company, LaSalle Re Holdings Limited (“LSRH”).

Concurrently Trenwick America Corporation (“TAC”), along with the Company and LSRH, filed voluntary petitions for relief under chapter 11 of the United States Bankruptcy Code (the “U.S. Bankruptcy Code”) with the United States Bankruptcy Court for the District of Delaware (the “U.S. Bankruptcy Court”), to run in parallel with the provisional liquidation in Bermuda. In 2003 and 2004, the U.S. Bankruptcy Court approved the sale of certain of the Company’s former UK-based affiliates and the reorganization of TAC, the holding company of TGL’s U.S. insurance entities, pursuant to which these former affiliates were separated from TGL.

As a result, TAC and its successor, Trenwick America ~~LLC(1)~~LLC1 (“TALLC”), is no longer affiliated with TGL (or any of TGL’s subsidiaries) and TGL has no material economic interest in TALLC or its affiliates except for its holding of certain securities issued by TALLC (see section 32.31 below).

Since there were insufficient assets to support the reorganization of the Company and LSRH, the U.S. Bankruptcy Court dismissed the Company and LSRH’s cases in 2004 in deference to the ongoing Bermudian liquidation proceedings. Following the dismissal of their chapter 11 cases, the JPLs of the Company and LSRH filed petitions under section 304 of the U.S. Bankruptcy Code and applications for certain injunctive relief (the “304 Petitions”) with the U.S. Bankruptcy Court. The impetus behind the 304 Petitions was to investigate, and, if appropriate, prosecute various claims and causes of action that might exist in favour of the Company and LSRH, and to protect and preserve the Company’s and LSRH’s assets. The relief sought in the 304 Petitions was granted by court orders of the U.S. Bankruptcy Court dated May 26, 2005.

TGL was subsequently placed into liquidation by the Bermuda Court on November 4, 2005 and Mike Morrison and John Wardrop were appointed as TGL’s permanent Joint Liquidators. As at the time of the JLs’ appointment, TGL had no material cash assets with which to pay for its liquidation costs and expenses. As such, the Company’s liquidation fees and expenses had to be partially funded by certain stakeholders and such funding ranked as an administration expense in priority to other unsecured claims against TGL.

_________________________

(1) On August 15 2005 substantially all of TAC’s assets and liabilities were transferred to TALLC. As a result of this reorganization TALLC owns, directly or indirectly all of the voting securities of Trenwick America Reinsurance Company (“TARCO”), TARCO’s subsidiaries Trenwick America Service Corporation (“TASCO”) and the Insurance Company of New York, which is currently in rehabilitation under the supervision of the New York Insurance Department.

2. Current status of TGL’s liquidation

The ~~JLs~~timing ~~have made substantial progress in the affairs~~ of ~~TGL and its subsidiaries. In particular, on 27 February 2008~~ the ~~JLs~~completion ~~entered into a binding agreement with a number~~ of ~~parties in respect of~~ the ~~sale of TGL~~Company’s ~~economic~~liquidation ~~interests~~is asdependent ~~well~~on as the ~~determination~~completion of ~~certain debt obligations to a number of parties (~~the ~~“Transaction”). The JLs have also completed a number of smaller non-material transactions relating to the Company.~~

~~The~~1 ~~completion~~On ofAugust ~~the~~15 ~~Transaction~~2005 ~~was~~substantially ~~instrumental~~all inof ~~allowing~~TAC’s ~~TGL~~assets and ~~its~~liabilities ~~remaining~~were ~~subsidiaries~~transferred to ~~finalise~~TALLC. ~~their~~As ~~respective~~a ~~liquidations~~result ~~given that the Transaction resulted in the cancellation~~ of ~~certain~~this ~~guarantees~~reorganization ~~that~~TALLC ~~TGL~~owns, ~~and~~directly ~~other~~or ~~subsidiaries~~indirectly ofall ~~TGL, had provided to a syndicate~~ of ~~lending~~the ~~banks~~voting insecurities ~~respect~~ of ~~Letters~~Trenwick ofAmerica ~~Credit~~Reinsurance ~~(“LOCs”)~~Company, ~~supporting TGL~~TARCO’s ~~former~~subsidiaries ~~Lloyd’s~~Trenwick ~~of London~~America ~~underwriting~~Service ~~activities.~~Corporation ~~The~~and ~~existence of~~ the ~~guarantee~~Insurance ~~had~~Company ~~meant~~of ~~that~~New ~~TGL~~York, ~~had~~which ais ~~significant~~currently ~~external~~in ~~contingent~~rehabilitation ~~creditor~~under ~~(i.e.~~the asupervision ~~debt owing to a party outside~~ of the ~~TGL~~New ~~group~~York ofInsurance ~~companies)~~Department.

~~Following~~liquidation ~~the completion~~ of the Transaction, on June 4, 2008 the JLs of the Company advertised the notice of the proposed bar date for claims and the Company’s creditors where given a deadline of July 3, 2008 in which to submit any outstanding claims against TGL~~. Submitted claims in the Company~~’s ~~liquidation~~subsidiaries ~~totalled approximately US$127 million~~ and ~~US$87~~realisation ~~million~~ of ~~these~~its ~~claims~~remaining ~~related~~asset ~~to an~~as ~~inter-company~~set ~~loan~~out ~~note in favour of TGL’s subsidiary LaSalle Re Ltd (see section 3.2~~ below). ~~The balance of the claims submitted to TGL related almost exclusively to a subordinated claim in respect of contingent capital.~~

32.1 Senior ~~TGL’s~~and ~~remaining~~Junior ~~assets~~ Subordinated notes issued by Trenwick America LLC

~~The~~In ~~timing~~2007 ofTGL ~~the~~acquired ~~completion~~an interest in Senior Secured Notes (face value of ~~the~~$2.25 ~~Company’s~~million) ~~liquidation~~and isJunior ~~dependent~~Subordinated onSecured ~~the~~Notes ~~completion~~(face value of $2.75 million) (together the ~~liquidation~~“TALLC Notes”) as part of ~~its~~a ~~subsidiaries~~negotiated ~~and~~settlement ~~realisation~~with ofTALLC ~~any~~regarding ~~remaining~~a ~~assets.~~dispute ~~These~~with ~~subsidiaries~~Trenwick ~~and~~Barbados Ltd. Whilst the ~~status~~TALLC Notes have a combined face value of ~~their~~$5 ~~liquidations~~million, it is ~~outlined~~expected ~~below~~that ~~along~~they ~~with~~will only be redeemed at a ~~description~~small fraction of ~~the~~their ~~final~~aggregate ~~realizable~~face ~~asset~~value.

3Over the past two years the JLs have explored possible ways of monetizing their economic interest in the TALLC Notes.1 To ~~LSRH~~this end, the JLs have held discussions with TALLC to discuss the progress made on the TARCO run-off and held discussions with other parties regarding the acquisition of TGL’s interest in the TALLC Notes. However, to date the sale discussions have not resulted in any formal agreement, mainly as a result of the fact that the JLs believe that the level of offers do not reflect the realisable value of the TALLC Notes.

~~Under~~The ~~the~~residual ~~terms~~vale of the ~~Transaction,~~TALLC ~~all~~Notes ~~pending~~will ~~litigation~~ultimately ~~between~~depend on the ~~LOC~~value ~~Banks,~~that ~~LSRH,~~can ~~TGL~~be ~~and~~realised ~~various~~by ~~other~~TALLC ~~stakeholders~~from ~~were~~Trenwick ~~terminated~~America orReinsurance ~~dismissed.~~Corporation As(“TARCO”) which a ~~result~~wholly ~~the~~owned ~~legal~~subsidiary ~~action~~of ~~regarding~~TAC ~~the~~LLC ~~outcome~~(and ofis ~~the~~not ~~first~~therefore ~~meeting~~an affiliate or a subsidiary of ~~creditors~~TGL). TARCO ~~was~~is ~~dismissed~~a ~~and~~Connecticut ~~the~~incorporated ~~Bermuda~~reinsurance ~~Court~~company ~~sanctioned~~currently ~~the~~in ~~appointment~~run-off. TARCO ofis ~~John~~essentially ~~Wardrop~~TALLC’s only major asset and ~~Mike~~therefore ~~Morrison~~any asdistribution ~~the~~from ~~JLs~~TALLC ofto ~~LSRH~~its byNoteholders ~~Order~~(including ofTGL) is primarily dependent upon the ~~Bermuda~~value ~~Court~~that ~~dated~~TALLC ~~April~~can ~~13, 2008~~realise from its shareholding in TARCO.

OnThe ~~May~~long-term ~~21,~~nature ~~2008~~of ~~the~~its ~~JLs~~reinsurance ofliabilities ~~LSRH~~means ~~advertised~~that, ~~the~~absent ~~notice~~a sale of the ~~proposed~~TARCO ~~bar~~business, ~~date~~it ~~for~~may ~~claims.~~be ~~LSRH’s~~some ~~creditors~~years ~~were~~until ~~requested~~the toultimate ~~submit~~net ~~their~~asset ~~claims~~position byof ~~June~~TARCO 4,can ~~2008~~be ~~and~~ascertained. Therefore ~~following~~it ~~the~~may ~~bar~~be ~~date~~many ~~for~~years ~~claims~~until byTARCO ~~creditors~~can ~~the~~make ~~JLs~~a ofdistribution ~~LSRH~~to ~~were~~its ~~able~~shareholder. toFor ~~determine~~this ~~that~~reason, ~~there~~it ~~were~~has ~~surplus~~been ~~funds~~highly ~~left~~problematic infor ~~LSRH~~the ~~with~~Joint ~~which~~Liquidators to ~~make~~obtain aan ~~distribution~~acceptable tooffer ~~LSRH’s~~for ~~preferred~~the ~~shareholders.~~TALLC ~~These~~Notes ~~preferred~~given ~~shareholders had,~~the insubstantial ~~aggregate,~~discount athat ~~US$75~~purchasers ~~million~~have ~~priority~~demanded ~~claim~~to ~~against~~reflect ~~LSRH~~the timing and ~~ranked~~underwriting ~~ahead~~risk ofprevalent ~~LSRH’s~~in ~~common~~the ~~shareholder,~~TARCO ~~TGL~~asset.

The ~~JLs~~Joint ~~announced~~liquidators ~~their~~intend ~~intention~~ to ~~make~~delay anany ~~initial~~sale ~~distribution~~ of ~~substantially~~their ~~all~~interest ofin ~~LSRH’s~~the ~~remaining~~TALLC ~~shareholder~~Notes ~~surplus~~until tosuch ~~LSRH’s~~time ~~preferred~~that ~~shareholders~~there inis angreater 8Kclarity ~~dated~~regarding ~~February~~the 27future ~~2008~~of TARCO. Consequently, ~~This~~in ~~was~~order ~~followed~~to byminimise aliquidation ~~further~~costs, 8Kthe ~~dated~~JLs ~~July~~have 7,effectively ~~2008~~ceased ~~which~~any ~~outlined~~further ~~the~~work ~~exact~~on ~~quantum~~TGL ~~and~~until ~~timing~~such oftime that the ~~distribution.~~plans ~~The~~for ~~initial~~TARCO have been crystallised.

~~distribution~~Notwithstanding the quantum of aany ~~liquidation~~recovery ~~dividend~~from ofthe ~~$10.50~~TALLC ~~per~~Notes, ~~series~~any Arealisations ~~preferred~~from ~~share~~the ~~was~~TALLC ~~paid~~Notes, onafter ~~July~~payment 28of the liquidation fees and expenses, ~~2008~~will flow to ~~the~~its ~~holders~~subsidiary ofLSRH ~~series~~and Aultimately ~~preferred~~to ~~stock~~LSRH’s ofpreferred ~~record~~shareholders ongiven the ~~books~~existence of ~~the~~an ~~Company~~inter-company atdebt between TGL and LSRH. As a consequence the ~~close~~holders of ~~business~~TGL’s oncommon ~~July~~shares ~~17,~~effectively ~~2008~~have no economic interest in the remaining asset realisations from TGL’s estate.

~~This initial distribution to LSRH’s series A preferred shareholders totalled approximately $31~~2.52 Liquidation ~~million. As such, substantially all~~ of ~~LSRH~~TGL’s ~~affairs have been concluded, save for the collection of relatively small receivables in respect of the inter company debts owed by TGL to LaSalle Re (see section 3.2 below).~~subsidiaries

3TGL’s only remaining direct subsidiary, LSRH, remains in liquidation and under the control of the JLs.2 The ~~LaSalle~~final Redissolution ~~Ltd~~of LSRH will only be completed once TGL has completed the final asset realisation described above and made a final liquidation distribution to LSRH.

~~LaSalle,~~The aJLs ~~wholly owned subsidiary~~ of ~~the~~LSRH ~~Company,~~will isthen make a ~~Bermudian~~final ~~Class~~dividend 3payment ~~registered reinsurance company (in December 2007 the Company successfully applied~~ to the ~~Bermuda~~holders ~~Monetary~~of ~~Authority~~LSRH’s toSeries ~~have~~A ~~the~~Preferred ~~Company~~Stock, ~~reclassified~~after ~~from~~which atime ~~Class~~LSRH ~~4 to a Class 3 reinsurer pursuant to the Bermuda Insurance Act 1978)~~ and ~~has~~TGL ~~been~~can inbe ~~run-off~~formally ~~since 2002~~dissolved.

~~LaSalle~~3. Prospects ~~proposed~~for athe ~~Scheme~~holders of ~~Arrangement under Section 99 of the Bermuda Companies Act 1981 (the “Scheme”) with its reinsurance creditors and the Scheme was subsequently approved by LaSalle~~TGL’s ~~creditors~~common and sanctioned by the Bermuda Court on April 27, 2007. Under the terms of the Scheme, Scheme Creditors were required to submit all reinsurance claims against LaSalle by August 30, 2007. In January this year, LaSalle paid its final remaining reinsurance liabilities under the Scheme and the Scheme was terminated on January 22, 2008.shares

~~Following~~Based ~~the~~on ~~completion of~~ the ~~Scheme~~above, ~~LaSalle was placed into member’s voluntary liquidation on March 13, 2008 and Mike Morrison and Malcolm Butterfield were appointed Joint Liquidators at~~ the ~~commencement~~JLs remain of the ~~member’s~~view ~~voluntary~~that ~~liquidation. LaSalle’s liquidators distributed substantially~~ all of ~~LaSalle’s~~the remaining ~~shareholder~~economic ~~surplus~~interest ofin ~~approximately $32 million to LSRH on July 21, 2008 and at~~ the ~~same~~Company ~~time~~resides ~~the~~with ~~liquidators of LaSalle assigned LaSalle’s remaining contingent assets to~~ its ~~parent,~~subsidiary LSRH. ~~These~~given ~~contingent~~the ~~assets~~existence ~~included~~of ~~the~~a ~~inter~~substantial inter-company ~~loan~~debt ~~owed~~between by TGL toand ~~LaSalle for approximately US$87 million~~LSRH.

~~3.3~~As ~~Senior~~such, ~~notes~~any ~~issued~~future byasset ~~Trenwick~~recoveries ~~America~~that ~~LLC~~the JLs of the Company may be able to achieve from the Company’s estate will flow to LSRH and ultimately to the holders of LSRH's Series A Preferred Shares.

~~TGL~~The ~~has a US$5 million interest in Senior and Junior Subordinated Secured Notes (the “TALLC Notes”) issued by TALLC. At this stage the~~ JLs are ~~unable~~therefore toof ~~estimate what~~ the ~~likely~~opinion ~~realizable~~that ~~value~~there ~~for the TALLC Notes might be although it~~ is ~~not~~no ~~expected~~realistic ~~that~~prospect ~~the~~of ~~TALLC~~a ~~Notes~~distribution ~~will be redeemed at, or even close~~ to, ~~their~~the ~~aggregate~~holders ~~face~~of ~~value~~the ~~(i.e.~~Company's ~~US$5~~common ~~million)~~shares.

~~The JLs are currently exploring possible ways of monetizing their economic interest in the TALLC Notes~~4. Future However, as stated previously, in light of the inter-company debt between TGL and LSRH, any realisations from the TALLC Notes, after payment of the liquidation fees and expenses, will flow to its subsidiary LSRH and ultimately to LSRH’s preferred shareholders.reporting

4.Given ~~Prospects~~the administrative costs involved in preparing reports for the ~~holders~~Company’s ofshareholders, the JLs intend to continue to limit TGL’s ~~common~~public ~~shares~~announcements in the future to material events relating to the Company’s winding-up (liquidation) proceedings in Bermuda. We intend to disclose any such event to the public by filing with the SEC a Current Report on Form 8-K. Reports on the Company’s affairs are not mailed to shareholders of the Company, unless we are required to do so or unless we believe, in our sole judgment, that it is in the best interest of the Company’s shareholders.

Based on the above, having obtained the extent of the current liabilities of the Company and as a result of inter-company debts between the Company and its subsidiaries, the JLs are of the opinion that all of the remaining economic interest in the Company resides with the Company’s subsidiary LSRH.

As such, any future asset recoveries that the JLs of the Company may be able to realise from the Company’s estate will flow to LSRH and ultimately to the holders of LSRH's Series A Preferred Shares.

As a consequence, the JLs of the Company are of the opinion that there is no realistic prospect of a distribution to the holders of the Company's common shares.

5. Future reporting

The JLs intend to continue to limit TGL’s public announcements in the future to material events relating to the Company’s winding-up (liquidation) proceedings in Bermuda. We intend to disclose any such event to the public by filing with the SEC a Current Report on Form 8-K. Reports on the Company’s affairs are not mailed to shareholders of the Company, unless we are required to do so or unless we believe, in our sole judgment, that it is in the best interest of the Company’s shareholders.

The Company’s current reports on Form 8-K are available free of charge at the SEC’s website www.sec.gov.

65. Special Note Regarding "Forward Looking Statements”

This report contains certain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act concerning current expectations about the winding-up of the Company, including ~~the expected net asset value of LaSalle, expected distributions to Series A Preferred Shareholders and other~~ statements identified by the words "expects," "estimated," "believes" ~~and~~ "intend" and similar expressions. Such statements are subject to conditions, risks and uncertainties that may materially affect the actual results of the winding-up of the Company. These factors are described herein and include contingencies and claims that could affect the Company’s winding-up and dissolution.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report ~~on Form 8-K~~ to be signed on its behalf by the undersigned, thereunto duly authorized.

Trenwick Group Limited (in liquidation)

Date: November 19, 2008

Date: November 19, 2010	By:	/s/ Michael Morrison
	Name: Michael Morrison
	Title: Joint Liquidator


	By:	/s/ John Wardrop
	Name: John Wardrop
	Title: Joint Liquidator

By: /s/ Michael Morrison Name: Michael Morrison Title: Joint Liquidator

By: /s/ John Wardrop Name: John Wardrop Title: Joint Liquidator

The Joint Liquidators act without personal liability.

Filing Compare · TRENWICK GROUP LTD