Lawrence Graham insurance and reinsurance

Legacy and run-off strategies

We advise both non-life and life insurers and brokers in relation to run-off and legacy management issues and are able to assist with the implementation of cost effective exit strategies. We have experience of advising on the restructuring of insurance and reinsurance business through Part VII transfers and both solvent and insolvent schemes of arrangement.

We also regularly advise in relation to commutation strategies.

Legacy and run-off strategies

We can advise you on:

Legacy and run-off strategies

Typical examples of the type of work undertaken by the team include:

  • Advising Moorgate Insurance Company on its solvent scheme of arrangement
  • Advising administrators and managers on an "outside counsel" basis in relation to a UK insurer insolvent estate with significant long-tail aph exposures; including advice no inwards commutations, settlement and release agreements, assignment agreements and related issues, and on outwards recoveries
  • Advising on disposal of non-core businesses of a financial services firm
  • Undertaking a comprehensive review of an IOM captive's reinsurance programme in combination with a proposed scheme of arrangement
  • Advising an active global insurance company on aspects of its recent legacy business issues
  • Advising a UK composite insurance company in run-off on aspects of its run-off strategy, and assisting in effecting collections on its outwards whole account quote share programme, involving numerous arbitrations and court proceedings and enforcement actions in various jurisdictions
  • Advising a group of European fronting reinsurance companies on their exit strategy from a Dutch underwriting pool, securing access to records, and setting up and running an independent agency to handle their run-off liabilities, advising on recoveries from net pool members and from reinsurers
  • Advising a solvent member of a UK reinsurance pool in relation to a proposed scheme of arrangement
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Legacy and run-off strategies

"David Breslin is an ‘excellent strategist’" – The Legal 500 UK

"Nick Bradley is ‘one of the best’" – The Legal 500 UK

"Antony Woodhouse is 'incredibly sharp and insightful'" – The Legal 500 UK

Nick Bradley
Partner, Head of Insurance and Reinsurance
Nick Bradley
David Breslin
Partner, Head of Dispute Resolution
David Breslin
Antony Woodhouse
Partner, Insurance and Reinsurance, Dispute Resolution
Antony Woodhouse
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