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

Charles Taylor first half profits rise

Charles Taylor Group's results for the first half of 2016 show revenue up 7.1 per cent to £74.0 million and adjusted profit before tax up by 4.2 per cent to £6.0 million, both up on H1 2015. The group has now completed the sale or transfer of its non-life insurance companies. READ MORE


Legal

Fraudulent devices and collateral lies

Versloot Dredging BV & Anor v HDI Gerling Industrie Versicherung AG & Ors [2016] UKSC 45 ('Versloot Dredging')

Stephen CarterThe Sun reported this Supreme Court decision as a 'shock judgment' under the headline 'Insurance premiums set to rocket after Judge rules it’s OK to LIE on your claims'. The Director of Insurance Policy at the Association of British Insurers commented that the decision 'flies in the face' of work by the industry and government to crack down on fraudsters.

Stephen Carter, partner with Carter Perry Bailey LLP, says it is an important and controversial judgment which reversed the law as it had developed, so that the use of 'fraudulent devices' in support of otherwise valid claims no longer falls under the fraudulent claims rule. READ MORE


Events

IRLA Congress report 2016

The 2016 IRLA Congress got off to a good start with a look at the ‘year that was’ which provided a variety of observations from an industry-wide panel. Leslie Fenton of PwC in the US said she had seen a ‘healthy focus on core competence’ within US insurance companies which had led to an increase in carve out deals of parts of businesses. However, she said this had attracted a number of companies – particularly from Asia – with little or no knowledge in the market buying up business. She drew gasps from the audience when she said that READ MORE


DirCover2016Download our Yearbook & Directory 2016 here 

To read the Yearbook & Directory including feature articles click here.

To search the online Directory of Service Providers click here

 

 

 

Inside the Yearbook & Directory 2016:

Flexibility rules in the new normal
A new regulatory climate in the wake of the financial crisis means the legacy insurance market faces new challenges – but also new opportunities. Alan Augustin and Andrew Ward of PricewaterhouseCoopers analyse the new legacy landscape

Run-off after Solvency II
What next now Solvency II has arrived? Arndt Gossmann of DARAG reflects on the major opportunities ahead for legacy practitioners in Continental Europe

Legacy attracts new investors
There is a steadily growing interest in legacy business, spawning more buyers backed by a wider range of financing. Barbara Hadley reports

Secrets of a successful liquidation
The final winding up of the Legion Insurance Company last year represents a major run-off triumph say Gregg Frederick and Mike Palmer

The Insurance Act 2015 and the run-off market
All insurance and reinsurance contracts entered into from August this year will be subject to the Insurance Act 2015. David Kendall of Cooley (UK) LLP looks at the impact and implications for the legacy sector

Transfers bring new options for US market
Kevin Gill and Luann Petrellis reflect on how the Rhode Island Insurance Business Transfer initiative could emulate the success of the UK’s Part VII process

A-Z of service providers

Index of service providers

To read the articles click the cover image


Latest News



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Guide to Part VII Transfers
new edition

Part7FCThe Part VII transfer continues to be one of the most popular tools for insurance business transfers in the UK since it came into effect in 2001.

This newly revised e-book 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 includes details of completed and proposed Part VII transfers to date as well as recent case studies.

Available now as a PDF, price £95.

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

Or contact
Barbara.Hadley@iskaboo.com


greenrule

asbestos book cover

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.




Hard copy with free PDF £39.99 
PDF format only £14.99

"A wide ranging and well informed piece of work which covers virtually everything you need to know about the risks still to come from asbestos claims on the insurance market"
John Winter, Ruxley Ventures

This special report pulls together the historical background as to how this mineral came to be so widely used; the medical view of asbestos related diseases and their treatment; the current patterns of consumption that indicate where future claims may come from; and current practice for dealing with asbestos in the built environment.

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

greenrule

Fracking - Risks and Rewards

A special report from Run Off & Restructuring

Fracking FCA 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?

Hard copy with free PDF £39.99 
PDF format only £14.99

View full contents list and sample pages HERE.

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