We were retained to assist in the ongoing recovery of a retrocession book of business. Our analysis showed there was an error in the billing process due to non-concurrency of reinsurance layers. We rebilled the contract and reinstated ongoing payments for this contract which had balances open for over five years.
We were retained to assist in a review of a proposed commutation. We arranged for an audit which we coordinated and managed. In the course of the review process we suggested a problem existed with the coverage which had not previously been noticed. This issue resulting in savings of $3 million to the client.