Soverign scheme offers clarity
Described as one of the largest and most complex schemes of arrangement to date, the WFUM Pools Scheme is the collective name for the group of schemes proposed by 15 of the companies that made up the Willis Faber Underwriting Management (WFUM) underwriting pools, including the insolvent Sovereign Marine & General Insurance Company, its two solvent subsidiaries and 12 other solvent companies.