Welcome to Run Off & Restructuring, the resource for those working in or providing services to the fast growing insurance run-off sector. Run Off & Restructuring covers a whole range of issues of interest to professionals in the discontinued business market, including run-off managers, claims and reinsurance recovery specialists, lawyers, accountants, insolvency practitioners, consultants and IT specialists.

We are no longer publishing the quarterly Run Off & Restructuring magazine. We continue to publish the annual Yearbook & Directory in print and online.

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News

Compre acquires second legacy book from Gjensidige

Compre has acquired another legacy portfolio from Norwegian insurer Gjensidige Forsikring ASA. The portfolio comprises US asbestos, pollution and health hazard risks underwritten between 1983 and 1985. READ MORE


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Event reports

Abuse, asbestos and Brexit – IRLA Congress report 2017

Another sell-out year for the IRLA Congress in Brighton – an event which proved to be highly productive and thought-provoking. A panel discussion on UK legacy and long tail claims examined what market practitioners viewed as the most troublesome and worrying trends now, and going forward. Abuse claims were seen as something to watch – particularly in the wake of the Northern Ireland inquiry which has suggested that the remit of READ MORE

Asbestos claims near peak but plenty more to come – Clyde Global Legacy Claims Conference 2017

UK asbestos claims will continue long into the future despite reaching a plateau on the bell curve. In the US asbestos plaintiff lawyers are moving on to talc and lung cancer claims while in the developing world asbestos use is still rife. Attendees at Clyde & Co's Legacy Claims Conference 2017 heard some familiar laments, chiefly that asbestos is still 'the new asbestos' but there was also some good news on advances in medical treatment. READ MORE


ASBESTOS - The Future Risk

asbestos book coverHard copy plus free PDF, now only £19.99 (was £39.99)
PDF alone:
£14.99


'Asbestos is not just a problem of the past, nor is there an identifiable point in the future by which we can stop worrying about its legacy'

Recent actuarial research suggests that asbestos-related claims in the UK are yet to peak in terms of numbers, size and cost. Read Asbestos – The Future Risk to see why asbestos continues to cause so many deaths despite being banned in over 50 countries during the last century.

Asbestos - The Future Risk is a comprehensive guide to all the issues arising from the fallout of asbestos use in the developed world and its ongoing use in the developing world. Providing a complete overview of the entire asbestos industry and its complicated claims legacy, Asbestos - The Future Risk is a must read for anyone involved with asbestos at any level.

Hard copy with free PDF £19.99
PDF alone: £14.99

For sample pages, contents list and details of how to order click here


The Run Off & Restructuring Yearbook & Directory

YearbookDir2017CoverInside the print edition:

Finality Mechanisms - Exit deals of 2016
US Legacy Options - One size does not fit all
Training & Education - Learning about legacy
Claims Management - A European view of run-off claims

To read an e-version of the print edition, including feature articles, click here

Search the online Directory of Service Providers  here



US legacy options

One size does not fit all


Andrew Rothseid
Andrew Rothseid, of RunOff Re.Solve LLC, explores the diverse and evolving options for legal and financial finality of US legacy risks

A combination of new legislation, implementing regulations and innovative application are coming together to broaden the opportunities for accelerated closure of US-domiciled legacy liabilities and the invaluable capital this would release. What has changed and what are the key issues to consider when weighing up the evolving options? The available options are diverse. No one jurisdiction provides a single answer for all types of exposures. As a result, carriers seeking to implement these solutions must weigh up the attributes of all, rather than focusing solely on one. READ MORE


Rhode Island IBT set to drive US restructuring

Managers of US run-off business are focused on finality and ready to take up new tools for restructuring in order to achieve it, says the first survey of the US run-off market conducted by AIRROC and Ernst & Young (EY). A majority (73 per cent) expect it will take ten years or more for them to achieve finality but they are ready to consider new approaches, including the possibilities offered by the Rhode Island Insurance Business Transfer (IBT) legislation. Many respondents view that regulation as the most significant development impacting the US run-off market over the next three to five years. The maturation of the UK market is also felt likely to drive some acquisitions of US-based run-off portfolios.  READ MORE

Latest News



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A GUIDE TO

PART VII TRANSFERS


NEW LOWER PRICE - ONLY £45

Part7FCOver a dozen Part VII transfers were successfully completed during 2016 and several more are currently awaiting approval.

‘We expect the proportion of portfolio transfers compared to share sales to grow as the number of available run-off subsidiaries continue to decrease and vendors increasingly identify the opportunity to offload portfolios from within their wider balance sheet to reduce volatility and release capital,’ says Ernst & Young.

This revised edition gives an up to date review of the Part VII process, including current legislation and regulation, court procedures and decisions, implementation issues, and the role of the independent expert. It also has a table with details of completed Part VII transfers  as well as several case studies.

Available in PDF format, only £45 (was £95).

For more information and to order go to www.iskaboo.co.uk

Or contact
Barbara.Hadley@iskaboo.com


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Fracking FCFracking - Risks and Rewards

A game-changing energy revolution or a risk-filled dash for gas? Fracking, the controversial technique of hydraulic fracturing to extract shale gas, has become one of the most divisive issues of the 21st century.

Fracking: Risks & Rewards takes a detailed look at the issues and hype surrounding the fracking industry. What does hydraulic fracturing really involve and what are the risks arising from shale gas exploitation? Are the proposed economic benefits realistic? What regulations apply to fracking activities and are they sufficiently stringent? Who is responsible and who will pay in the event of an accident?

With over 250 anti-fracking groups fighting against the anticipated fracking boom in the UK, the explosion of fracking insurance claims looms closer.

NEW LOWER PRICE!

Hard copy plus free PDF, now only £19.99 (was £39.99)
PDF alone: £14.99

Click here for more details and to order your copy




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