Helping you manage the past so you can focus on growth

Our unique ‘Broker Wrap’ service is specifically tailored to liberate broking firms from the burdens of legacy business. By taking full responsibility for all legacy issues from a specific point in time, we enable brokers to focus on their core activities of winning and servicing live business. This strategic approach not only enhances the value of the broker’s live business but also significantly reduces bottom-line costs and operational complexities. Additionally, our service supports your strategic direction by allowing you to re-direct your focus and resources towards areas of growth and specialisation, ensuring you no longer have to manage risks or services that are no longer part of your portfolio.

Enhanced focus on core business: Frees up valuable resources, allowing brokers to concentrate on winning new business and servicing existing clients.

Significant cost savings: Provides a cost-efficient solution, typically reducing expected run-off costs by at least 30%.

Rapid resolution: Accelerates resolution of legacy business, reducing the run-off period versus traditional, slower methods.

Value enhancement: By removing the distraction of legacy issues, brokers can focus on enhancing the value of their live business.

Davies provides a comprehensive legacy management solution for carriers and/or owners contemplating the discontinuation of MGA operations. Our end-to-end support structure is designed to relieve the burdens of ongoing management, ensuring all customer and regulatory obligations are efficiently met for a swift and complete market exit. The benefits for carriers and owners include:

Conduct and compliance assurance: Safely manage conduct and compliance issues with a transparent, upfront fee structure, free from hidden costs.

Simplified engagement process: Engage with a single partner for a seamless process from advisory services to operational, regulatory and legal finality.

Accelerated clearance: Through proactive management, such as optimising reserves and claim settlements, the discontinued portfolio is cleared more quickly, removing ongoing responsibilities.

Cost efficiency: Achieve significant savings compared to the anticipated costs of independently managing an MGA’s run-off.

Secure customer experience: Maintain a safe and secure management of exposure while ensuring an ongoing optimal customer experience.

Support for the efficient, compliant wind-down of portfolios, ensuring policyholder obligations are met and regulatory requirements maintained throughout.

Managed by our Premium Credit Control team to optimise recoveries and ensure compliant, end-to-end support.

End-to-end assistance with regulatory reporting, Independent Expert engagement, and court-ready documentation for insurance business transfers.

We are recognised experts in the realisation of overstated and redundant funds and implement our strategic and forensic processes to deliver a comprehensive analysis of loss funds for clients. This loss fund expertise has, over the last six years, returned over £300m of funds to the market, which may include ‘closed years’ to the market. This process can help insurers identify written-off, lost, or forgotten funds.

Identifying unknown loss funds: Discover previously unrecognised funds.

Reconciling loss funds against stated loss reserves: Ensure accuracy and accountability.

Extracting surplus funds: Recover surplus funds for disbursement.

Utilising our extensive network of broker and TPA contacts: Leverage industry connections for optimal outcomes.

Implementing controls and procedures for ongoing management: Establish static reviews and continuous oversight.

Through these tailored solutions, Davies Legacy Management helps brokers, MGAs, and (re)insurers navigate the complexities of legacy business.