Making recoveries against troubled reinsurers requires
additional resources, capital and time
Our solution: We buy impaired receivables, ranging from individual reinsurers to entire portfolios, from insurance, reinsurance and captive companies
Your benefits:
- Non-performing reinsurance receivables turned into immediate cash
- No further credit exposure
- Refocus on core activities
- Capital and reserving pressures eased
Characteristics of distressed receivables:
- Additional costs and resources required for dealing with distressed reinsurance
- Reinsurers in run-off, receivership and liquidation require constant attention with regular time-sensitive actions
- History has demonstrated that recovery rates are highly volatile, from 0% to 100%, with little clue as to time frames and pay out patterns
- Significant costs, both capital and regulatory, in carrying non-performing reinsurance receivables
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