Commutations are an important tool for bringing finality to problematic contracts and books of insurance business. The team are able to offer the following services;
- Assumed Liabilities – achieve finality where uncertainty exists and bring an end to ever deteriorating contracts and portfolios of business
- Reinsurance Asset – commutation can increase cashflow and realise asset on contracts or portfolios which may otherwise lapse into bad debt
- Assumed and Ceded – commutation can significantly reduce a company’s ongoing administrative burden, becoming a means of avoiding costly and time consuming contractual disputes and ultimately enhancing a company’s balance sheet
The team’s experience is summarised by the following;
- Charles Taylor Insurance Services has been actively providing Commutations services on a global basis for in excess of 25 years on behalf of its Clients
- Charles Taylor Insurance Services has a team of Client focused professionals with extensive experience developed through Lloyd’s, Company and Broker backgrounds, across all classes of business and covering all types of Facultative, Proportional, Non-Proportional, Direct and Reinsurance business
- On behalf of our Clients, we have successfully mitigated liabilities by an amount in excess of US$250 million
- Commutations strategies are tailored to meet Client needs, whether contract specific, (Re)Insured / (Re)Insurer specific (Bespoke) or across an entire portfolio of business (Portfolio)
- Results are obtained through a detailed, innovative and flexible approach followed by controlled but robust negotiations
- The team has a global network of contacts and relationships
- Operates a flexible fee approach which is tailored to the Client’s needs, is transparent, clearly measured and incentivised to generate a successful conclusion
Contact Details:
Alan Prime
T:
+44 (0)20 7767 2917
E: click here to email us
Trevor Sage
T:
+44 (0)20 7767 2846
E: click here to email us