London Market Insurance Recovery and Support Services
Solvent and insolvent Schemes of Arrangement ("Schemes") require urgent action by potential creditors, i.e. policyholders, to preserve their rights under London Market policies or forever be barred from presenting a claim and therefore lose any remaining value on the coverage. The fact that there are thousands of small London Market insurers makes properly identifying and valuing this coverage a difficult exercise. From the initial policy and subscription review through full claim submissions support, KCIC will guide you through each aspect of maximizing your London Market recoveries. We provide sound advice and comprehensive services, including:
- Enhanced policy subscription review, including insurer, percent, broker, broker reference and underwriting stamp, all of which may be required by a Scheme.
- Continuous monitoring of London Market developments and regular/pertinent updates to keep you informed of the status of your coverage.
- Detailed Scheme review and voting advice based on your specific coverage details.
- Full Scheme submission support, including policy reconciliation, forecasting and allocations.
- Continued negotiations with Schemes after the submission to ensure the highest recovery possible.
- Facilitation of settlement discussions outside the context of a Scheme via strong relations with key players, including run-off agents and Scheme managers/administrators.
