The Business Reality
When an insurer or reinsurer makes the decision to terminate active underwriting and enter “run off,” it and its various stakeholders enter a new phase of the insurance business.
Each party seeks to ensure that:
- Valid policyholder obligations are honored
- Liabilities are adjusted fairly and correctly
- Assets, capital, industry rating and, in the case of public companies, shareholder value are preserved
- Expenses are controlled and reduced
- A path toward finality is planned and achieved
The Business Struggle
Whether the stakeholder is the insurer or reinsurer, its shareholders or directors, the insurer or reinsurer’s policyholders, retrocessionaires or regulators, the questions and goals are consistent:
- “How do I maximize and extract the value associated with the discontinued business?”
- “How do I reduce my risk of future loss?”
- “How do I bring this run off to a close in the least amount of time, with the least amount of management distraction and at the most reasonable cost?”
- “How do I preserve – and even enhance – my business reputation in the process?”
The Business Results
RunOff Re.Solve has a consistently strong record of successfully and efficiently delivering value to the stakeholders of discontinued or run off insurance and reinsurance businesses in the United States, the United Kingdom, Continental Europe and Bermuda.