Scottish Re Group Limited is a holding company organized under the laws of the Cayman Islands with its principal executive office in Bermuda.
Through our operating subsidiaries, we are engaged in the reinsurance of life insurance, annuities and annuity-type products. These products are written
by life insurance companies and other financial institutions primarily located in the United States.
We have operating companies in Bermuda, Ireland, and the United States. Our primary subsidiaries are Scottish Annuity & Life Insurance Company (Cayman) Ltd., Scottish
Re (Dublin) Limited and Scottish Re (U.S.), Inc.
In early 2008, we ceased writing new business and notified our existing clients that we would not be accepting any new reinsurance risks under
existing reinsurance treaties, thereby placing our remaining treaties into run-off. Subsequent to the delisting from the New York Stock Exchange as of April 7, 2008,
of our ordinary shares and non-cumulative perpetual preferred shares (new symbol SKRUF – PINKS), we no longer have further reporting obligations under Section 12(b)
of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). In addition, we also had fewer
than 300 holders of record of our securities as of January 1, 2008 and, as a result, our reporting obligations under Sections 13 and 15(d) of the Exchange
Act, were suspended. On May 13, 2008, we filed a Form 15 with the Securities and Exchange Commission (the “SEC”) indicating the suspension of our reporting obligations.
As a result of the foregoing, notwithstanding the occurrence of material developments (either positive or negative), we are not required to make future public filings.
Our historical filings with the SEC can be found at www.sec.gov.
Effective August 24, 2011, we completed a merger pursuant to the laws of the Cayman Islands with a newly formed subsidiary of affiliates of Cerberus Capital Management, L.P.
and MassMutual Capital Partners LLC (together, the “Investors”), in which Scottish Re Group Limited was the surviving entity. On the effective date of the merger, all of our
then outstanding ordinary shares were cancelled and new ordinary shares were issued to the Investors. Our convertible cumulative participating preferred shares owned by the
Investors and our non-cumulative perpetual preferred shares were unaffected by the merger. Following completion of the merger, the Investors own and control 100% of our voting shares.