Office of the Special Deputy Receiver

Representing Robert H. Muriel, Director of the Illinois Department of Insurance

J. Kevin Baldwin, Acting Special Deputy Receiver & Chief Executive Officer

OSD Mission Statement

Our mission is to achieve consumer protection through receivership resolution expertise and the execution of a resolution strategy appropriate to the unique circumstances of each troubled company estate, including maximization of asset recovery, fair disposition of claims, and timely delivery of assets to creditors.

OSD Latest News

Gateway Insurance Company On June 10, 2020, an Agreed Order of Liquidation With A Finding of Insolvency (the “Liquidation Order”) was entered against Gateway Insurance Company, by the Circuit Court of Cook County, Illinois (the “Supervising Court”). The Liquidation Order affirmed Robert H. Muriel, Director of the Illinois Department of Insurance, as statutory Liquidator.

Gateway Insurance Company On January 30, 2020, the Rehabilitator posted an Invitation for Bids (“IFB”) for the purchase of Gateway’s corporate charter, 47 state insurance licenses, and 9 state statutory deposits. The IFB and related documents can be found here.

Gateway Insurance Company On October 16, 2019, an Agreed Order of Rehabilitation (the Agreed Order”) was entered against Gateway Insurance Company, by the Circuit Court of Cook County, Illinois (“Supervising Court”). The Agreed Order affirmed Robert H. Muriel, Director of the Illinois Department of Insurance, as Gateway’s statutory Rehabilitator.

Centaur Insurance Company On October 1, 2019, the Supervising Court entered an order authorizing the Rehabilitator to declare and effectuate an eighty-five percent (85%) dividend on claims allowed for distribution at statutory priority level 215 ILCS 5/205(1)(g).

Legion Indemnity Company On September 25, 2019, the Supervising Court approved a seventeen percent (17%) eighth dividend on Legion Indemnity’s claims allowed for distribution at statutory priority level 215 ILCS 5/205(1)(d).

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