The South of England Protection and Indemnity Association (Bermuda) Ltd (SEPIA) is set to be wound up following an order by the Supreme Court of Bermuda.KPMG partners Michael Morrison and Charles Thresh have been appointed as joint provisional liquidators.Mr Morrison, a restructuring partner at KPMG, said: “Following the winding-up order, we have advised all known brokers and requested that they communicate the same to the business’ customers.“Policies in force will be cancelled from December 9 and we would urge customers to seek alternative cover as soon as possible.”As a consequence of the winding-up order the company has ceased trading, impacting those who are insured or were formerly insured by SEPIA.The liquidators have issued 14 days notice for cancellation of all insurance cover currently in force which has not expired, lapsed or been terminated on November 25, 2011.The cover will be cancelled effective from midnight (GMT) on December 9, 2011 and all insureds that require continuing insurance cover are advised to obtain alternative cover from then.Where insureds have previously requested cancellation the liquidators have accepted cancellation on, and with immediate effect, from midnight (GMT) on November 25, 2011, while all those with insurance cover which has not expired have been invited to cancel the same with immediate effect.The liquidators said that SEPIA was unable to fully perform its obligations to its insureds, as set out in its correspondence dated October 26, 2011, and all insureds and former insureds must still pay all amounts currently due to SEPIA.Insureds are also requested to present the liquidators with details of any claims not yet reported to SEPIA to assist in the liquidation process an in due course all creditors will be invited to file claims that will be adjudicated as part of proceedings in due course.“The joint provisional liquidators wish to remind all insureds that they are required to act as prudent uninsureds when dealing with existing and new claims in order to protect their rights as creditors,” read the statement from KPMG.The liquidators said they were in discussions with a number of parties who have expressed an interest in administering the run-off and a further announcement will be made in once a run-off manager has been appointed.For more information contact 294-2678, e-mail SEPIAinfo[AT]kpmg.bm or visit the website at www.kpmg.bm/sepia