3RED
Run-off Management
We manage the run-off of entire insurance and reinsurance portfolios, including the day-to-day management of the operation:
· Claims management
· Reinsurance recoveries
· Technical accounting
· Credit control
· Commutations
· Exit strategies - including Schemes of Arrangement - Administration
Portfolio Example - Run-Off Operations Management:
From 2006 to 2011 3red managed all aspects of the run-off of Reinsurance Australia Corporation, now Calliden Limited. 3red successfully managed the run-off to a stage where the administration has now been returned to Calliden. 3red continue to provide advice and assistance to Calliden on one-off issues where required.
