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We have unparalleled experience in bringing innovative restructuring and operational consulting solutions to complex and long tail liabilities in the Financial Services sector. Our team has particular expertise in Legacy Insurance and Insurance insolvency having acted as scheme adviser or administrator on both solvent and insolvent schemes.
We help clients who are:
We have unrivalled experience of assisting businesses to identify and understand the options available in dealing with new and existing challenges such as:
Our team has been responsible for creating and delivering many ground-breaking restructurings, including the first UK restructuring of a corporate with asbestos liabilities, the first scheme that dealt with mis-selling claims, the first scheme with electronic claim submissions and agreement, the first rectification scheme and the largest single non life insurance scheme.
We assist businesses in delivering the value associated with their strategic decisions by providing expert restructuring advice. We implement restructuring and finality solutions including the use of M&A strategy, schemes of arrangement, insurance business transfers, disposals and managed exits. Our advice allows capital to be released and recycled and certainty to be delivered to volatile liability issues.
We have advised on the majority of solvent schemes and some of the most complex and high-profile Part VII transfers and disposals in the sector, both UK and internationally, and delivered a wide range of redress to creditors and other stakeholders.
Our team will give an independent view of a business’ operations and use our expertise and experience to provide innovative suggestions for profit growth and overall improvement, such as:
We invest in digital solutions to ensure our services are backed by cutting edge technology, data and insights.
This includes processing and solving important problems at speed, presenting clear and interactive information, providing detailed insights and facilitating confidence while protecting data integrity.
We understand that your business can face many new and existing challenges and that sometimes when restructuring options are not practical, then protections available under a range of insolvency solutions may be required. We provide support in a number of areas, including but not limited to:
We work with management and stakeholders such as creditors, policyholders, compensation funds, guarantors, regulators and shareholders in insolvency situations to optimise the outcome for all parties involved. We routinely manage run-off managers who assist with day-to-day operations of the estates. Our objective is to work towards a timely exit solution that returns value to creditors at the earliest opportunity.
We use insolvency processes together with our innovative approach and processes as restructuring tools to deliver optimal outcomes at pace for the business and stakeholders through continuity and the preservation of value. Our current portfolio of insolvency assignments includes some of the largest and most complex in the market, such as Elite Insurance, Orion Insurance, Chester Street (formerly Iron Trades) and Stronghold Insurance. Please see an overview and latest information on our insurance assignments.
We have published our 2023 Q3 update of non-life insurance run-off deals which provides an overview of legacy market developments and transaction activity including a list of publicly announced deals.