The challenge in the insurance industry is how to meet the demands of the present and the future whilst overcoming the problems of the past. With competing pressures, time and knowledge are at a premium. We believe that by using our services, organisations can substantially improve their results by being able to take advantage of our specialist knowledge and experience and in addition free up time that can be more productively used in the on going business.

We can achieve this by providing a tailored solution focused upon the following broad areas:

Reinsurance Collections

Increasingly, organisations are experiencing difficulty in collectiing reinsurance debts via tradional collection methods. Our personalised approach with clients also extends to reinsurers. We firmly believe that problems and disputes are best resolved by personal visits and to this end our consultants currently visit some 60 countries annually, drawing upon their network of contacts in order to resolve settlement issues.

Reinsurance Debt Purchase

Many companies wish to have finality over their debts, TCIS is willing to acquire books of debts which cedants may wish to finalise.

Broker Replacement

We are seeing a particular growth in this area particularly for reinsurance business. Many companies have employed brokers to place their reinsurance protections but as time has gone on, the broker has closed down, combined into other groups or perhaps just not providing the necessary service. Through our Lloyd's of London accredited broker Bennett Gould & Partners Ltd, we are able to stand in place of the original broker and carry out processing, collection and so on.

With an impecable track record, Bennett Gould is able to offer a fully tailored and comprehensive Broker replacement service which can be combined with a range of other services to ensure your reinsurance collections are both processed and collected quickly and efficiently.

Inspection of Records

With the adverse development of many types of business, it is often difficult to understand how such an adverse development can have occured. With the wide range of skills possessed by our consultants, we are able to offer a world-wide service of record inspection and from this we are able to report to our client exactly why the business has developed in the way that it has. It is not uncommon for mistakes to be uncovered during inspection and by utilising this service our clients are able to confirm they are only settling valid claims.

Commutations

Increasingly, commutations are being used as a means of dispute resolution in addition to the more conventional reasons such as finality of liability and withdrawal from a market. Our consultants have substantial experience in negotiating commutations ranging from a single treaty to complete books of business.

Portfolio Transfer / Financial Reinsurance

Many of our clients have expressed and interest in finalising their book of business. TCIS has been able to successfully arrange this by using techniques such as risk portfolio transfer and financial reinsurance. This approach has proven to be particularly attractive to organisations with books of business which for whatever reason are difficult to commute.

Arbitration / Litigation Support

Most reinsurance conracts contain arbitration clauses as a means of dispute resolution. As a natural extension of our reinsurance collection service, TCIS has been active in the arbitration field for many years. Our arbitration services are efficient and quick, providing an ideal mechanism for dispute resolution as well as smaller collections.

For larger debts or where the dispute is more complex, we provide a litigation support service. Typically, the client would appoint a legal representative from a panel of lawyers with whom we have direct experience of providing litigation support services. Again we are highly experienced in this field, having been instrumental in creating case law in the UK particularly in the area of broker funding.

Run-Off Services

By Packaging together our services, we are able to offer a comprehensive, cost efficient means of servicing your entire run-off. Our support staff have extensive experience in administering and processing insurance and reinsurance business, providing the appropriate reports and information suitable to a client's needs.