What we do
strategy | innovation | expertiseR&Q offers a wide range of broker-related services including the following key offerings:
Acquisition of broker legacy
The cost to a broker of managing its legacy portfolio can be a massive burden over many years and a drain on resources. R&Q will consider the acquisition of a broker in its entirety, or any part of the entity that is in run-off; such a sale will bring an end to the broker’s involvement and give certainty on future costs. Service standards can be built in to ensure no reputational risk.
Broker run-off
Should a broker elect to retain overall responsibility for its legacy but wish to utilise their resources within ongoing business streams rather than run-off, R&Q can offer short or long term service agreements to handle all aspects of the run-off operation. Key performance indicators and strict service levels underpin the service and ensure both parties commit fully to the contracted requirements.
Broker replacement/consolidation
Utilised by cedants who have become dissatisfied with their broker(s) for whatever reason, R&Q’s service is dedicated to improving cash flow for clients by accelerating the collection effort, clearing backlogs and resolving outstanding queries and unreconciled balances. This service also provides the client with a suite of management reports to identify issues or reinsurers who are delaying settlement, as well as expected cash flow using our own tracking systems to obtain current data.
We offer a number of other broker-related services including broker audits, debt recovery and the preparation of commutations.