Run-Off Strategy

The Tawa team has many years experience of the management, restructuring and run-off of non-life insurance companies, having been instrumental in creating many of the tools and techniques currently in use in the industry, such as 'Schemes of Arrangement' Acting as independent advisors, we can help you to decide what is best for your organisation, creating a credible and achievable strategy.

Insurance is an easy business to enter, but a difficult one to exit. Whether the problem is a single line of business or the whole book, there are many exit options including sale, reinsurance and run-off. Getting the right exit strategy is critical to maximising shareholder value and achieving finality.

The importance of this strategy has now been reinforced as UK organisations moving into run-off need to lodge a 'Scheme of Operations' with the FSA and there are paralell requirements in other jurisdictions. This document, effectively a new business plan, must include the run-off strategy, the risk management methodology, stess testing and realistic plans on how the strategy can be realised. We have hands-on experience of this process and can assist you in getting the strategy right.

Building on this proposition, Tawa has the knowledge and ability to help you plan and realise your strategy, whether this be change management, litigation support, claims expertise, asset & liability management or data management and systems enhancements to support the run-off. We can offer you our help in every aspect of run-off management.