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Run-Off Services

Managing run-off effectively is a Board level issue for many insurers.  The number of closed insurance books across Europe has grown enormously in recent years – driven by the ever increasing need for effective capital management with Solvency II being one of the key factors.  We have a range of services to help insurers create value and effectively manage their legacy portfolios.

Our Run-off Management Service is a flexible service designed to provide a proactive management approach to legacy portfolios.  Through our regulated entity Charles Taylor Services, we deliver a complete end-to-end service to manage claims, release reserves and manage books to close for owners and acquirers of run-off.  We provide a menu of stand-alone outsourced services to support insurers managing their own run-off.  We can also support our clients with due diligence to maximise the value during acquisitions and disposal of assets. 

Run-off Management is one of a range of services offered by Charles Taylor to make your operations run like clockwork.

How it works

Our services are available as an end-to-end management service, as stand-alone services or for due diligence on M&A activity:

  • Claims handling: prudent claims management to ensure liabilities are mitigated where possible
  • Data cleansing: to ensure data is clean, consistent, accurate and current
  • Reinsurance asset management: efficient collection management using a worldwide network of industry contacts
  • Commutations: acceleration of the run-off, from initial contact, through to reconciliation of contracts and financials, IBNR analysis, negotiation and drafting of commutation release agreement
  • Audits and reviews: provision of claims audits, pre-commutation audits and inspection of records services
  • Accounting credit control services: timely reinsurance accounting and processing. Proactive collection of overdue debt and trapped funds
  • Financial reporting: loss statistics, financial statement preparation, quarterly and annual statutory filings
  • Pool management: acting as Pool Manager to effectively co-ordinate the run-off of the underwriting pool
  • Scheme of arrangements: acting as Scheme Manager to co-ordinate the scheme process through to finality
  • Management information: providing monthly financial and statistical reports
  • Governance, Audit and Compliance: management, review, monitoring and assessment of regulated activity to ensure compliance within the changing regulatory landscape

Key Contact

Trevor Sage
Associate Director

T: +44 20 7767 2846

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