Fall in UK legacy liabilities and disputes challenges service providers
Service providers in the legacy (re)insurance market are seeking new opportunities as traditional sources of revenue threaten to dry up in a UK run-off industry that continues to see liabilities shrink.
Speaking at the sixth AIRROC/R&Q commutations and networking event in New Jersey, KPMG's Mike Walker said: "The issue for service providers is that they have a lot of talent, but how do they deploy that and continue to make money in a market that is declining?"
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