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ACI : Conference-Papers : 2005 : Run-Off and Commutations

The 4th International Advanced Forum on

Run-Off and Commutations

Thursday, March 31, 2005

About

The numbers speak for themselves: run-off liabilities are estimated at nearly $300 billion and may soon rise to $600 billion. With more and more insurers making the decision to discontinue business using run-off as their exit strategy, failure to grasp the attendant challenges can mean disaster for an insurer or run-off company. To succeed in this new era, you need the most up-to-date information on innovative approaches and strategies.

For the past three years, over 250 high-level run-off executives and legal professionals from nine countries have gathered to network and learn from an outstanding faculty of industry leaders. In this publication, you will receive practical guidance on:

  • Tactics for managing the run-off process
  • Strategies to ensure successful collections
  • Protecting your interests when handling reinsurance claims
  • The latest solvent schemes of arrangement in the U.S. and around the world
  • Considerations and strategies for commuting claims
  • Determining what the long range goal of the run-off should be

Contents & Contributors

About

The numbers speak for themselves: run-off liabilities are estimated at nearly $300 billion and may soon rise to $600 billion. With more and more insurers making the decision to discontinue business using run-off as their exit strategy, failure to grasp the attendant challenges can mean disaster for an insurer or run-off company. To succeed in this new era, you need the most up-to-date information on innovative approaches and strategies.

For the past three years, over 250 high-level run-off executives and legal professionals from nine countries have gathered to network and learn from an outstanding faculty of industry leaders. In this publication, you will receive practical guidance on:

  • Tactics for managing the run-off process
  • Strategies to ensure successful collections
  • Protecting your interests when handling reinsurance claims
  • The latest solvent schemes of arrangement in the U.S. and around the world
  • Considerations and strategies for commuting claims
  • Determining what the long range goal of the run-off should be

Contents & Contributors


LABORING IN THE RUN-OFF TRENCHES
Jack Cuff, Alea North America

IN HOUSE VS. OUTSIDE
Steve Ryland, Pro Insurance Solutions

RESOLVING INSOLVENT RUN-OFF CLAIMS
Donald J. Mros, Chadbourne & Parke LLP

UK SCHEMES OF ARRANGEMENT - THE STORY SO FAR
Paul Evans, PricewaterhouseCoopers LLP

U.S. ASBESTOS LIABILITY
Frederic Gindraux, Swiss Re

SOME REGULATORY ISSUES FOR BERMUDA RUN-OFFS
Stephen M. Leonard, Attride-Sterling & Woloniecki

IS RESCISSION AN AVAILABLE REMEDY TO REINSURERS OF INSOLVENT CEDING COMPANIES?
Jeanne M. Kohler, Edwards & Angell, LLP

CREDITOR PROTECTION UNDER THE RHODE ISLAND SOLVENT RUN-OFF PLAN
Frank N. Ray, Hinckley, Allen & Snyder

NEW YORK'S REGULATION 141: SUPERINTENDENT-APPROVED COMMUTATIONS IN THE SHADOW OF AN INSOLVENCY
James Veach, Mound Cotton Wollen & Greengrass

PRICING THE DEAL
Orin Linden, Ernst & Young, LLP

RUN-OFF AND COMMUTATIONS
Donald Wustrow, Chiltington International

COMMUTATIONS
Peter Wedge, Alea Europe Ltd. (Switzerland)

RUN-OFF AND COMMUTATIONS
Jim Schacht, PricewaterhouseCoopers LLP