Uncertainty in the capital markets and depressed investment income are focusing the wider (re)insurance industry on the value that legacy solutions can create, a panel of senior legacy professionals has said.
Speaking at the annual conference of the recently rechristened Insurance & Reinsurance Legacy Association (IRLA) in Brighton, Swiss Re's head of external run-off, Dave Scasbrook, explained that new pressures on carriers were encouraging them to explore options for releasing capital.
"In the current climate, freeing up capital is being...
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