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Client success stories

CX Re – London Market Risk Carrier

Run-off transition and value extraction

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Legacy - Run-off transition and value extraction

Client description CX Re – London Market Risk Carrier

 

The Client’s requirements

•Client was the largest company in run-off at that time with US$2.2 billion liabilities
•A number of European Branches to manage
•Singapore branch
•Reduce liabilities and volatility

 

Our solution

•Improved claims management
•Focussed asset and liability management
•Extensive development of systems and data
•Created a strong and motivated workforce
•Stringent management of interdependencies

 

Services/Value delivered

•Pro-active de-scaling of book reduced liability from $2.2bn in 2002 to $120m at end of 2012
•In excess of 350 deals concluded

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