Legacy Management & Services
- 1 hr1 hour
- Jalan Liku
Legacy Management has acquired special significance in the (Re)Insurance world, due to factors such as acquisitions, consolidations, failures, and withdrawals by players from certain portfolios and markets. There is a tremendous demand for professional services to address this unique and complex situation. We focus on providing efficient and cost effective legacy management services while seeking finality for our clients where required. “If my company is up and running, can it still benefit from Legacy Management?” Yes, in all of the following scenarios: Run-off branch of the live company. Run-off portfolio of the live company. Run-off territory of the live company. Broker in Run-off of the live company. Clients in Run-off of the live company. Portfolio of companies involved in Mergers and Acquisitions. Commutation: A Win-Win for All A sound commutation agreement will enable you to focus on the future without being chained down by the past. The seasoned professionals of Arom Grips Ltd are capable of expertly negotiating a commutation agreement that will benefit both the Ceding Company and the Reinsurer: The Ceding Company will enjoy an increase in Cash Flow and higher Investment Income The Reinsurer will be favoured with certainty of liabilities, release of reserves, and improvement in its bottom line. In addition to the above, both parties will experience reduced work flow and increased efficiency.
Arom Grips Ltd, Jalan Liku, Wilayah Persekutuan, Kuala Lumpur, Federal Territory of Kuala Lumpur, Malaysia
+603 2284 8660