Exhibit 21.1 List of Subsidiaries - ------------------------------------------------------------ --------------------------------------------------------- Subsidiary Jurisdiction - ------------------------------------------------------------ --------------------------------------------------------- Orkney Holdings LLC Delaware - ------------------------------------------------------------ --------------------------------------------------------- Orkney Re, Inc. South Carolina - ------------------------------------------------------------ --------------------------------------------------------- Scottish Annuity Company (Cayman) Ltd. Cayman Islands - ------------------------------------------------------------ --------------------------------------------------------- Scottish Annuity & Life Holdings (Bermuda) Limited Bermuda - ------------------------------------------------------------ --------------------------------------------------------- Scottish Annuity & Life Insurance Company (Bermuda) Bermuda Limited - ------------------------------------------------------------ --------------------------------------------------------- Scottish Annuity & Life Insurance Company (Cayman) Ltd. Cayman Islands - ------------------------------------------------------------ --------------------------------------------------------- Scottish Annuity & Life International Insurance Company Bermuda (Bermuda) Ltd. - ------------------------------------------------------------ --------------------------------------------------------- Scottish Financial (Luxembourg) S.a.r.l. Luxembourg - ------------------------------------------------------------ --------------------------------------------------------- Scottish Holdings (Barbados) Limited Barbados - ------------------------------------------------------------ --------------------------------------------------------- Scottish Holdings, Inc. Delaware - ------------------------------------------------------------ --------------------------------------------------------- Scottish Re (Dublin) Limited Ireland - ------------------------------------------------------------ --------------------------------------------------------- Scottish Re Holdings Limited United Kingdom - ------------------------------------------------------------ --------------------------------------------------------- Scottish Re Intermediaries (Canada) Limited Canada - ------------------------------------------------------------ --------------------------------------------------------- Scottish Re Life (Bermuda) Limited Bermuda - ------------------------------------------------------------ --------------------------------------------------------- Scottish Re Life Corporation Delaware - ------------------------------------------------------------ --------------------------------------------------------- Scottish Re Limited United Kingdom - ------------------------------------------------------------ --------------------------------------------------------- Scottish Re PCC Limited Guernsey - ------------------------------------------------------------ --------------------------------------------------------- Scottish Re (U.S.), Inc. Delaware - ------------------------------------------------------------ --------------------------------------------------------- Scottish Solutions, LLC North Carolina - ------------------------------------------------------------ --------------------------------------------------------- Tartan Financial (UK) United Kingdom - ------------------------------------------------------------ --------------------------------------------------------- Tartan Holdings (UK) Limited United Kingdom - ------------------------------------------------------------ --------------------------------------------------------- Tartan Wealth Management, Inc. Texas - ------------------------------------------------------------ ---------------------------------------------------------