Over the past two decades, run-off business has evolved from a relatively small segment of insurance and reinsurance, into a diverse and expanding industry, employing increasingly complex and sophisticated legal mechanisms to manage multi-billion dollar capital and reserves portfolios.

We are an acknowledged leader in this market, providing the full range of legal services relating to run-off. With our in-depth experience, we are well-placed to provide this sector with comprehensive and effective legal advice on the implementation of both traditional, and cutting-edge solutions. Our market solutions group draws on the considerable experience of our commercial risk and reinsurance, employment, outsourcing, corporate, and regulatory teams, and possesses a wealth of knowledge in all contentious (litigation and arbitration) and non-contentious matters relevant to run-off. We frequently advise on:

• debt recovery and claims;
• insurance and reinsurance disputes;
• implementation and recovery of commutations;
• novation and assignment;
• aggregation of loss;
• dealing with the FSA on regulatory issues;
• strategy and schemes of operation;
• portfolio transfers;
• finite reinsurance and other ART solutions;
• restructuring and schemes of arrangements;
• outsourcing contracts; and
• employee transfers.