Run Off Portfolios, Legacy and Commutations

The Firm assists Italian and foreign insurance companies and funds in the context of run off portfolios transfers. Said assistance includes the preliminary review and inspection of the existing reserves (on random or ordered basis) as submitted by the Cedents through dedicated due diligence as well as the consequential claims handling, following the transfer of accounts, both in and out of court.

At the same time, the Firm gained a consolidated experience in the negotiation of insurance commutations with the insureds within legacy transactions finalized to obtain a rapid reduction of the reserves and consequential release of financial securities. The Firm recently assisted, among others, in insurance legacy deals, including commutations, on behalf of primary foreign insurers in a medical malpractice portfolio.