Commutations and Policy Buybacks

Devonshire has specialized, for many years, in auditing ceding companies, monitoring industry and individual company trends and determining favorable commutation environments for its clients. Devonshire has substantial experience, skill and acknowledged results in this specialized area.

In conjunction with an inspection of the company's records, a multi-disciplined commutation team evaluates critical areas such as contract compliance, premium and loss cessions, claims handling and settlement practices and historical handling standards. Following a detailed analysis of loss reserves and future expected development, combined with objective audit findings, a commutation strategy and range of values are developed.

The same skill and techniques are applied to direct insurance in buybacks of policies with open-ended exposures such as asbestos, pollution and others.

Devonshire is best known for its experience and success in this important area of runoff. Its intensive auditing experience and negotiating expertise have yielded hundreds of favorable commutations in the past 18 years.

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