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Devonshire – Reinsurance Services

Devonshire is a (re)insurance management, audit and consulting company with offices in New York and California. The company specializes in reinsurance, including run-off management, audits of ceding companies and coverholders, operational support and consulting.

Why Choose Devonshire

  • Audit and commutation programs designed by Devonshire have significantly improved actuarial projections of ultimate losses, resulting in a reduction of the internal administrative costs. Devonshire works to consistently reduced its clients’ remaining exposures. Over the last five years, clients’ liabilities have been reduced by 34%.
  • Devonshire’s associates have audited over 200 US, UK, and Bermuda ceding companies and continue to maintain and extend professional relationships and contacts within the insurance and reinsurance community. Devonshire audits have supported exit strategies resulting in over $100 million in savings.
  • We negotiate between $10 million and $40 million in commutations annually, finding that long-term relationships are key in this area.
  • Devonshire understands the complex relationships that exist in reinsurance agreements. This is critical when arbitration or litigation is necessary.
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Client Reviews

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"Our book is now 50 percent of the size it was when we turned to Devonshire to develop a commutation strategy"

Controller, U.S. Reinsurance Company
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"Our actuarial projections for ultimate losses have decreased every year as a result of commutations accomplished by Devonshire over the past several years "

President, Bermuda Reinsurance Company
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"When we saw the effective job Devonshire did in negotiating against us, we decided we needed them on our team "

Executive Vice President., U.S. Reinsurance Company
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Latest News

Reinsurance Commutations

As presented by Garry Nelson and Mike Fitzgerald of Devonshire to the Central Claim Executives Association on May 11, 2012.   Definition of a Commutation   An agreement between the ceding insurer and the reinsurer that provides for the valuation, payment and complete discharge of the obligations between the parties under reinsurance contract(s).   What [...]

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