Venue: Lloyds Old Library, Insurance Institute of London, 20 Aldermanbury, London EC2V 7HY
Time: 1.15pm
Lecture to be given by Philip Grant, chairman, The Association of Run-Off Companies.
Key Themes
- Over the last few years, London has become the pre-eminent world centre for the efficient handling of run-off business;
- However, as the recent ARC/KPMG survey showed, the volume of UK run-off has, for the first time, declined;
- Service provider margins are under pressure and the market for acquiring distressed run-off is super-competitive;
- Will the London run-off market wither away as the run-offs close out, or will it find new sources of legacy business, at home or abroad?
