Reinsurance Receivables Purchase:

Through our dedicated purchase vehicle Global Re Finality Solutions Ltd (GRFS) we have the capability to provide highly cost effective exit solutions to our world wide client base.  GRFS are currently looking at a number of acquisitions and our reinsurance collections expertise means that we can offer exceptional value for bad debts that other third parties are unable to consider thereby giving an enhanced value to vendors.  For larger transactions GRFS has in place an investor pool facilitated by tiered credit. 

It is often not realistic to retain a liquidated or Run-Off company’s receivables for many years in order to achieve a small additional dividend. This is of particular consideration when a cedant will wish to finalise their book within a specific timeframe. If this falls before particular settlements are ultimately payable, or where a receivables book contains reinsurers where relationships are no longer economical to continue with on a simple time/resources point of view, they may have to be written off before the estate is closed. However, some of this value may be realised through a debt sale of part or the whole of such a book. With Global Re's ongoing relationships with many such parties it can be more economical to sell such portfolios and realise at least some of this asset in a timely manner rather than write off balances in order to close a company or portfolio.

Global Re Finality Solutions own a considerable Reinsurance Asset through the purchase of a number of books of receivables:

• Scan Re Insurance Co Ltd (UK)
• Alma Insurance Co (Finland)
• Mentor Insurance Co (Bermuda)
• Aneco Reinsurance Underwriting Ltd (Bermuda)
• RiverStone (UK)
• Belvedere
• Walton Insurance Co Ltd

Please feel free to call us to discuss the various options open on an informal confidential basis.