Commutations
We negotiate the commutation of
reinsurance contracts, representing either the insurer or reinsurer or acting
as an objective independent third party. 3red has negotiated commutations in
all of the major insurance markets in the world totalling in excess of AUD1.3
billion.
The process includes:
i. Reconciliation of contract listing
ii. Analysis of financial position between parties
iii. Identification of issues
iv. Resolution of contentious issues via negotiation, arbitration or
litigation
v. Negotiations between parties
