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Solvent Insurers and Reinsurers - Caught Between
A Rock and A Hard Place

Garry Nelson, of runoff manager Devonshire Group, examines the realities for U.S. companies facing runoff and current options… learn more

Runoff Administration

Run-off liabilities have increased, both in size and complexity, in the last decade. Deteriorating results, the need to focus on core business, increasing administrative costs and drains on management time have made alternative solutions important to executives facing these problems. New strategies are needed to manage an orderly and efficient exit from the business. Devonshire is the leader in helping companies develop these strategies.

Audits/Reviews/Inspections

With many years of of corporate experience, a professional staff with an average of 18 years' industry experience and audits completed at over 150 ceding companies, Devonshire brings a unique blend of experience and market knowledge to a broad base of business lines and needs. Over the past 18 years, the firm has represented clients located in the U.S., Bermuda, London, Europe, Scandinavia and Japan.

Collections/Recoveries

Devonshire provides solutions to reinsurance recovery problems, adding market insight and relationships throughout the world. Reinsurance collections are most often the problem given the least attention. Our experienced staff handles all aspects of reinsurance recoveries, from reconciliation of existing accounts to effective collection techniques.

Commutations

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.

Claims Administration

Devonshire offers claims administration on a national basis. Specialty companies and Lloyd’s Underwriters call for a high level of experience and personal service in claims handling and administration. We also provide claims management and administration to self-insureds, captives and risk retention groups.

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