Maintaining Value in Insurance Operations
Recent events remind us that the insurance market can still suffer major shocks. The damage caused by the credit crisis struck in earnest in 2008 and continued to rock the insurance market in 2009. With extensive experience in the insurance market KPMG can help stabilise underperforming businesses by identifying opportunities for strategic operational and financial change.
Over the last 20 years, KPMG member firms have offered services to the insurance market, including:
Formal insolvency appointments
We have acted as liquidators/office holders on over 20 separate insolvent insurance entities
Stakeholder advisory in stressed and distressed situations
We undertake security reviews, solvency reviews, IBRs and other financial reviews on behalf of lending institutions, other financiers, insurance regulators and insurers.
Exit Planning and implementation
We offer advice and implement exit strategies for portfolios of insurance business that are likely to include sale, schemes of arrangement and business transfers. We have acted on over 100 such solvent restructurings.
Run-off advisory
We provide additional advisory services to companies principally with regard to their portfolios of discontinued insurance business.
For general enquires about Restructuring or any Restructuring cases please contact Nicki Crew | 020 7694 3384.
For general enquires about Restructuring or any Restructuring cases please contact Nicki Crew | 020 7694 3384.
View the reported details relating to Schemes of Arrangement which includes key dates and contact details.
Triple whammy of asset, liability and demand pressures.
More effective cash management in the insurance industry.
The annual KPMG Run-off Survey – Non life insurance a benchmark for the industry, providing a detailed analysis of the size and developments. This is the seventh edition of the report which is produced by KPMG LLP (UK) and endorsed by ARC Limited.