Discontinued
There is an ever-increasing recognition of run-off as an industry and of the balance sheet benefits of effective run-off management. Managing discontinued liabilities demands entirely different skills to managing an ongoing portfolio, so it pays to seek advice from the specialists.
Our focus is firmly on managing discontinued liabilities to extract maximum value from the balance sheet in a manner that protects the reputation of our clients. We understand the key business drivers and can provide innovative answers. Using our professional services enables insurers and reinsurers to overcome the associated costs and restraints of run-offs and provides the opportunity to refocus their business.
Every portfolio has idiosyncrasies and every client has different objectives. Our team has the experience and skilled resource to adapt to meet those objectives. We always begin with in-depth initial consultation. Once we have a clear picture of our client’s issues and long term requirements, we are then able to focus our advice and recommend a tailored solution that may incorporate:
- Traditional Run-Off
- Accelerated Run-Off
- Practical Finality through Reinsurance Solutions
- Sale of the Company
For UK or Continental Europe based business we also consider:
- Solvent Scheme of Arrangement
- Part VII Portfolio Transfer.
Run-off
Active management of discontinued liabilities is essential in order to manage risk, protect reputations and deliver value.
Finality
More and more businesses are acknowledging the importance of proactively dealing with discontinued liabilities.
Download: Finality Solutions and Outsourcing Options
PRO offers a range of solutions designed to allow clients to progress, finalise or refocus their business. Our service takes many forms but the emphasis is always on problem-solving and delivering results.