Runoff, Liquidation and Receivership
In response to changes in the economic and regulatory environment and demands from consumers and shareholders, the insurance industry faces an increased need to dispose of, or manage, the runoff and wind-down of insurance vehicles and associated liabilities that create a drag on capital. This can occur for a variety of reasons:
- An insurer is exiting a geographical or product market
- A captive or special purpose vehicle whose creation and utility has been replaced by more financially efficient financial or insurance products
- A self-insurer desires to eliminate legacy liabilities that resulted from discontinued operations or to eliminate predecessor and successor liabilities that were due to mergers or acquisitions
How FTI Consulting Can Help
FTI Consulting’s Global Insurance Services offers an array of specialty services for stakeholders across the runoff, liquidation and receivership sector.