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ACI : Conference-Papers : 2006 : Run-off and Commutations

The 6th International Advanced Forum on

Run-off and Commutations

Thursday, April 27, 2006

About

Are you prepared to capitalize on the explosive growth of run-off as an exit strategy?

In a shaky global landscape for insurer and reinsurer liabilities – estimated to exceed $300 billion now and $505 billion by 2006 – executing run-off and commutations strikes many in the industry as the golden path to profitability, increased reserves and greater shareholder equity. As the US run-off market continues to grow, however, the critical questions for those responsible for managing these activities have changed.

It is no longer a question of the basics of preparing for run-off. Now, the question has evolved to the practicalities of successfully managing run-off. Those who want to be ahead of the curve and best equipped to take a proactive stance toward protecting their company's financial health are seeking the most advanced strategies and concrete guidance available before the critical decisions have to be made. Shouldn't you be doing the same?

The American Conference Institute's 6th International Advanced Forum on Run-Off & Commutations was focused on providing attendees with targeted guidance and strategies regarding the successful management of run-off companies and commutations. The publication, a selection of presentations from the conference, includes:
  • Improving information preservation and reinsurance recoveries
  • Achieving positive results through run-off audits
  • Regulator perspectives on recent developments and future directions
  • Arbitration, mediation and litigation: sorting them out and making them work
  • Asbestos update: interpreting recent federal legislative efforts
  • Making audits work for you and not against you: coordinating internal and external auditors

Contents & Contributors

About

Are you prepared to capitalize on the explosive growth of run-off as an exit strategy?

In a shaky global landscape for insurer and reinsurer liabilities – estimated to exceed $300 billion now and $505 billion by 2006 – executing run-off and commutations strikes many in the industry as the golden path to profitability, increased reserves and greater shareholder equity. As the US run-off market continues to grow, however, the critical questions for those responsible for managing these activities have changed.

It is no longer a question of the basics of preparing for run-off. Now, the question has evolved to the practicalities of successfully managing run-off. Those who want to be ahead of the curve and best equipped to take a proactive stance toward protecting their company's financial health are seeking the most advanced strategies and concrete guidance available before the critical decisions have to be made. Shouldn't you be doing the same?

The American Conference Institute's 6th International Advanced Forum on Run-Off & Commutations was focused on providing attendees with targeted guidance and strategies regarding the successful management of run-off companies and commutations. The publication, a selection of presentations from the conference, includes:
  • Improving information preservation and reinsurance recoveries
  • Achieving positive results through run-off audits
  • Regulator perspectives on recent developments and future directions
  • Arbitration, mediation and litigation: sorting them out and making them work
  • Asbestos update: interpreting recent federal legislative efforts
  • Making audits work for you and not against you: coordinating internal and external auditors

Contents & Contributors


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

RUN-OFF & COMMUTATIONS FINALITY ARRANGEMENTS: ALTERNATIVE APPROACHES FOR ACHIEVING FINALITY
Timothy R. Graham, LaSalle Re Limited

SPECIAL TASK FORCE ON INSURANCE COMPANY RUNOFF AND REORGANIZATION
Harold S. Horwich, Bingham McCutchen LLP

IMPLEMENTATION OF RHODE ISLAND COMMUNICATION PLANS, ISSUES, STATUS IN THE FUTURE
Frank N. Ray, Hinckley, Allen & Synder LLP

RHODE ISLAND VOLUNTARY RESTRUCTING OF SOLVENT INSURERS AND REGULATORY CHALLENGES IN RUN-OFF
Joseph Torti III, Rhode Island Department of Business Regulation

SOLVENT SCHEMES OF ARRANGEMENT IN THE U.S.
Nick Pearson, Edwards & Angell LLP

DECIDING BETWEEN ARBITRATION, MEDIATION AND LITIGATION FOR RUN-OFF DISPUTES
Joy Langford, Chadbourne & Parke LLP
John Nonna, LeBoueff, Lamb, Green & MacRae LLP
Julian T. Ward, JTW Reinsurance Consultants
David Thirkill, The Thirkill Group

RUN-OFF ACCOUNTING - CRITICAL STEPS & CONSIDERATIONS
Jon Francis, Americas Insurance Company

ACHIEVING AND MANAGING FINALITY
Jon Francis, Americas Insurance Company
Ali E. Rifai, Centre Group Holdings (U.S.) Limited

DELIVERING CLOSURE
Chris Hughes, Kroll Talbot Hughes
Paul Corver, KMS Insurance Services
George Clarke, KMS Insurance Services

IMPROVING INFORMATION PRESERVATION AND REINSURANCE RECOVERIES: KEEPING INTERMEDIARIES IN THE LOOP
Paul A. Nugent, The Senator Group

ACHIEVING POSITIVE RESULTS THROUGH RUN-OFF AUDITS
Austin Thornton, American Re Corporation

ACHIEVING POSITIVE RESULTS THROUGH RUN-OFF AUDITS
Julian T. Ward, JTW Reinsurance Consultants

STAFF RETENTION IN THE CONTEXT OF RUN-OFF
Timothy R. Graham, LaSalle Re Limited

ASBESTOS UPDATE
Sandra C. Santomenno, ACAS, MAAA

U.S. ASBESTOS LIABILITY
Frederic Gindraux, Swiss Re America Corporation