Global Re recognises the benefits of adopting a flexible approach to meet clients' individual objectives.  We provide a wide range of bespoke services.  If you require any further information please do not hesitate to contact us for a confidential discussion as to your specific requirements:

Worldwide Debt Recovery, Commutations and Collection Services:

We are very successful in recovering monies by collection and/or commutations. We have personally collected from many locations globally and are continuing to develop this expertise. Our strong associations with companies and brokers alike can be called upon to facilitate negotiations in a timely manner and provide our unique service for clients in this difficult and problematic field. By outsourcing to Global Re, our clients have been able to take advantage of our ability to negotiate deals on favourable terms for both inwards and outwards books of business, particularly with the more financially troubled or ‘exotic’ reinsurers. We have also been able to 'open doors' where previous commutation approaches have been unsuccessful. 

See Worldwide Debt Recovery

See also Global Re Finality Solutions Ltd

Claims Audit Services:

Global Re can conduct a full review of the allocation of reinsurance recoveries across all policies of outwards reinsurance in force, on a by underwriting year basis to ensure that the reinsurance asset is used to its maximum and optimum potential.

This will include consideration of such factors as ‘Chronological date of loss settlement’ Loss Warranty values, Reinstatement premium protections as well as a review of the Facultative, Proportional and Excess of Loss policies available.

On an Assumed basis we can offer both a Static and redundant reserve review service to allow our Clients to hold an accurate current assessment of their current liabilities. We can also release Loss Deposit Reserves Retained on closed treaties.

Ledger Management

Global Re can provide a detailed ledger analysis service in respect of both Inward and Outward Insurance and Reinsurance books, offering unallocated cash review and reconciliation services, and a focus on any items which would be deemed an Inadmissible asset.

We can deliver tailored summarised ledger detail to the clients’ specification for example by debtor or by policy year from a ledger data set, generating a more efficient and resource effective debt evaluation, collection and pricing tool.

Inspection of Records,

As a complement to our existing service, we can conduct record inspections in the following key areas:

• Adherence to Underwriting disciplines, and stated parameters.
• Claim validity and application to Insurance or Reinsurance contracts
• Reserving adequacy and valuation
• Accuracy of record maintenance
• Appropriateness of control framework within regulatory requirements.

If you would like any further details on these or any of the other services we list then please do not hesitate to contact us

We look forward to hearing from you.