Exhibit 21.1

                                               List of Subsidiaries



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