Hampden Plc can help you to achieve finality for your (re)insurance company by providing a bespoke solution to meet your needs.
Every run off account/company is different. Hampden has the expertise to provide a solution tailor made to your business, whether it is a form of finality or account management.
Finality will enable you to release capital locked up in the business and eliminate the burden of management/administrative expenses. Outsourcing your run off administration frees up time for you to focus on your core business, safe in the knowledge that your account is being managed by a team of professional run- off specialists. In addition, Hampden has a specialist team of compliance and finance experts who can take on the regulatory role for you, unburdening your valuable senior staff and releasing resources.
(Re)insurance companies in the UK are regulated by the FCA/PRA. Over the last few years, and, since the banking crisis in 2008, the level of scrutiny has significantly increased. This puts pressure on run-off firms, particularly Solvency II companies, to ensure that they conform with the regulations.
Hampden Plc owns and manages a number of insurance and reinsurance companies based in London and Continental Europe.
Our history dates to the 1970’s when Market Run-Off Services was the first company providing outsourcing of (re) insurance management services to third parties.
Since then we have managed over 50 (re)insurance companies, including a number of complex pool arrangements and 356 Lloyd’s Syndicates in run-off. Since 2000, Hampden has been acquiring (re) insurance companies in run off, including captives and non insurance entities, before managing them to eventual finality.
Hampden has the skills and experience to assist you with your (re)insurance accounts, large or small. Its reputation for quality service is reflected in its track record and longevity within a highly competitive market of service providers.
We offer run-off management and administration services for all or part of your legacy business. We employ specialist (re)insurance practitioners who can assist with issues arising from discontinued business including claims adjusting, inspections, preparation of accounts and regulatory returns.
We offer solutions including acquisition, Part VII transfers or MVL to enable companies to close down (re)insurance accounts and companies. In recent years, transfers of six legacy portfolios have been accepted by the European companies. Over the past 10 years Hampden has been expanding its legacy team and the range of services it provides.
Specialising in and experienced to handle portfolios on your behalf.
The experienced team can help you find a solution for your legacy (re)insurance business.
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