Commutation Negotiations
Today Commutations are considered a very useful tool for bringing finality to problematic contracts and books of insurance and reinsurance business, both from a liability and an asset perspective.
Axiom has been active in the Commutations arena for many years, well before Commutations increased in popularity, and this has enabled us to assemble a team of dedicated professionals with well over 120 years experience in the industry. Our experience encompasses relationships across Europe, Asia, Australia, North America, includes all classes of business and covers live as well as run-off markets.
Our strengths include our ability to work with clients, understanding their strategic plans and, if necessary, assisting in their development; but the ultimate aim of Axiom's Commutations Team, in bringing finality to our clients' contracts/portfolios, is to achieve an improvement in our clients' balance sheets.
Contact Details:
Alan Prime
Commutations &
Claims Management
T:
+44 (0)20 7767 2917
E: click here to email us
Danny Maleary
Business Development Director
T: +44 (0)20 7767 2802
E: click here to email us
Brochure
The Axiom Commutations Team:
Concluded Commutations since the early 1990s
Realised a Commutation saving of 65% on behalf of a reinsurance company in the Far East
Saved US$68.7m in ultimate liability for a client
Saved in excess of US$200m to date