Last year I attended my first, and, as it turns out, last Norwich Rendezvous and Association of Run-off Companies (ARC) conference in London.
A common topic of discussion at these events was the dwindling number of attendees. "Run-off," came the observation of more than one wag, "is running itself off".
The decline of the market, it was claimed, was inevitable, to be expected and accepted as the natural course of events.
It would continue this way until the last person in Norwich (or wherever) found himself or herself at the conference alone. With the market for run-off exhausted, could whoever is last to leave please turn off the lights on their way out?
And yet, all may not be as it appears.
To view the Legacy Barometer 2012 click here
Gavin Davis,
Editor, Legacy