Portfolio Transfer

Many companies have portfolios of legacy business - blocks of life policies, deferred or immediate annuities and other classes they no longer underwrite, or that they have acquired through merger or acquisition from other companies. They may also have blocks of claims including medical, workers' compensation or other structured settlement or disabled life reserves, long term care, personal accident among many other classes.

Companies may decide that it is commercially desirable for them to dispose of these blocks of legacy business. The disposal decision may stem from a need to raise capital, a perceived lack of critical mass or because multiple processing systems make them costly and inefficient to administer.

BMS has successfully negotiated the transfer of entire or partial portfolios to reinsurers who are able to merge the legacy business blocks into their own portfolios while also rationalising and removing systems processing anomalies.

Non-Life
Simon Clutterbuck
Director
BMS Intermediaries Ltd

Life
Michael Crawcour
Executive Director
BMS Intermediaries Ltd