Payout for Creditors and claimants of Dyoll Insurance October 31

Creditors and claimants of  the failed Dyoll Insurance are to receive another pay out.

Dyoll's joint liquidators John Lee and Kenneth Kyrs have advised of  their intention to declare a fifth interim dividend.

This is based on a Supreme Court ruling on October 8.

The pay out will begin on October 31 and continue for three months.

Dyoll creditors and claimants will receive a dividend of 9-10 % of  their admitted liability.

Dyoll Insurance collapsed in 2005 after it was unable to honour billions of  dollars in insurance claims following Hurricane Ivan.