Certainty: Definite, fixed, established beyond doubt
Policyholders can only realize value from their legacy insurance coverage if they can reach an agreement with their insurer to quantify the liability and if the insurer has the financial resources and willingness to pay a claim.
Establishing liability, particularly for losses whose origins may have occurred decades earlier but have yet to fully manifest, often requires a policyholder to undertake future claim projections, allocation analysis, and respond to coverage defense strategies as well as deal with delaying tactics posed by insurers.
It is not unusual to see historical general liability programs that have 30 to 50% of coverage placed with impaired, run-off or insolvent insurance companies in the United States and abroad.
Even if a liability can be quantified and established with an insurer, policyholders are still at risk for how much and when amounts paid will ultimately be recovered from a weak or insolvent carrier.
Through our non-recourse capital-based transactions, Global Risk Capital assumes the risks associated with establishing and collecting on a policyholder's claim. As a result, we can provide policyholders with immediate financial Certainty for claims both in terms of quantum of claim as well as amounts actually recovered.
