We offer the opportunity to look at legacy management as a strategic pillar rather than a consequence of negative underwriting performance. We offer financial solutions, which will allow you to release capital and achieve an early risk finality.
Syndicated Risk Analytics
Our capacity partner DARAG takes all policies as well as outstanding and future claims. DARAG receives all technical provisions, including IBNR reserves, and any assets set aside to cover those liabilities and takes over all the expense of administering the business to facilitate the administration of the business
Without a minimum premium thresholds, we are aligning to the market reality in Iberia and Latin America: a typical portfolio review and transfer can take 1-2 months until a transaction is signed.
We execute Liability business strategies, where DARAG may monitor the portfolio development during the live cycle, to assure a run-off solution as soon (re)insurer triggers that option.
We offer access to a run-off service platform in Spain: expertise-based factory without the language and cultural barrier.
We accept renewal rights for portfolios in which we have proven experience, where we also include the administration of that portfolio the insurer will exit but do not wish to transfer (e.g. MGA portfolio).
We accept residual live portfolios as part of the DARAG legacy portfolio transfer agreement.