Servicing of non income-generating business

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The sooner these issues are addressed and resolved, the more cost effective they become.

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Most brokers have an obligation to service accounts for which they no longer have an ongoing relationship, perhaps because the client has moved on to another broking house.

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This type of work places a strain upon back office resources, incurring unnecessary costs.

Valuable time, better served handling current business, is wasted.

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We undertake this work, at a fraction of the cost; taking responsibility for the servicing of business which no longer generates income, in a dedicated manner as opposed to it being perceived as a secondary priority.

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Forensic Accounting

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We are ideally positioned to assist with various legacy issues, having worked in the broker back office for many years.

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one example of where we can assist is the residual problem of analysing the underlying security behind old reinsurance pools; allocating partial cash receipts to the underlying markets, and recommending strategies for the collection of outstanding receivables from run-off pool members etc.

Whether they be solvent, financially impaired, in a scheme of arrangement, or in liquidation.

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Another example where we can assist is in the reconciliation work required where inadvertent funding has occurred as the result of premiums having been used to settle claims.