Filing Alert: Alea Holdings US Company Chapter 11

Alea Holdings US Company and its debtor affiliates⁽¹⁾, a Hartford, CT-based insurance and reinsurance company, filed for Chapter 11 protection on Jul. 19 in the U.S. Bankruptcy Court for the Southern District of Texas.

The company reports $1 million to $10 million in assets and $100 million to $500 million in liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 26-90714.

⁽¹⁾ Alea Group Holdings (Bermuda) Ltd. and FIN Alea LLC.

Key Parties

Counsel:

• Duston K. McFaul
  Sidley Austin LLP
  Email: dmcfaul@sidley.com

Financial Advisor / CRO:

• Province LLC (Peter Kravitz)

Special Committee Counsel:

• Greenberg Traurig, LLP

Claims Agent:

• Omni Agent Solutions Inc.

Equity Security Holders:

• FIN Alea LLC – 100% Equity Interest

Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.

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