- Reinsurance Collections/Reinsurance Training
Delinquent reinsurers may be masked by a matrix of brokers, underwriting pools and underwriting agencies. We will unravel these.
We can also identify and resolve 'log jam' issues such as disputes with underlying claims, broker funding and withholding of payments. A number of our senior consultants are qualified arbitrators and mediators and have considerable experience in presenting expert evidence in insurance and reinsurance disputes.
In a market which has seen a significant increase in the incidence of reinsurer failure, there is an increasing propensity to litigate, and to commute reinsurance arrangements.
Identifying accurate counter-party exposure by taking into account the admissible offset of balances due is a major logistical exercise for many companies. Understanding how commuted balances may be dealt with for the purposes of inclusion in reinsurance and retrocessional recoveries can often be a minefield for a party working without the benefit of experienced practitioners. Even if the required expertise is available internally, we can alleviate the workload so that routine work does not suffer.
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