How we work
PRO IS, Inc has been establised in recognition of the significance of the US market. PRO IS, Inc has a UK based affiliate PRO Insurance Solutions Limited that has been operating in the US since its formation in 1993, negotiating claims, commutations and collecting reinsurance assets throughout the US market. A large proportion of the liabilities under PRO management relate to US originating business.
At the heart of PRO is a clear and uncompromising focus on the needs of our clients. We build partnerships because we know this is the best way to create solutions that will work for them in the challenging world of business.
We appreciate that each project brings with it a unique set of objectives that have to be met and we recognise it is important to get to know our client’s business as well as we know our own. That means taking the time to ask insightful, probing, detailed questions and having a constant open line of communication to analyse the results.
Understanding of our clients is supplemented by our experience of the market as whole. Our people have extensive and in-depth knowledge of the insurance and reinsurance industries worldwide. This goes beyond the traditional issues associated with run-off management to encompass a whole range of specialist consultancy and management services.
Collectively, this expertise enables us to offer a service to our clients that is both comprehensive and tailored exactly to the needs of their business, from initiation to transition to delivery. This is the area where the true benefit of our approach is felt. Our clients are able to focus on their core business, safe in the knowledge that their insurance and reinsurance issues are in the best possible hands.
The PRO companies have:
- Offices in New York and Boston providing a base to service clients throughout the United States.
- Significant resources with experience of international legacy issues, offering cost effective solutions in managing solvent or liquidated run-off portfolios and specific projects.
- International audit, reinsurance asset collection and commutation services, utilising PRO's global spread to deliver effective solutions.
- Debt purchase solutions that deliver an immediate benefit to companies by providing certainty through cash offers for problematic and troubled reinsurers.