AirSP - Association Of Insurance & Reinsurance Service Providers

Members > KPMG

Address

8 Salisbury Square London EC4Y 8EN

Telephone

020 7311 1000

Fax

020 7694 3126

Website

http://www.kpmg.co.uk/insurancesolutions

Services offered

The Insurance Solutions team sits within the Restructuring practice in the UK. Over the last 20 years, we have offered services to the discontinued business market including:

- Administration of insolvencies and restructuring engagements of insurance and reinsurance companies

- Design and implementation of Schemes of Arrangement

- Acting as independent expert or advisor in relation to Part VII transfers

- Releasing capital and effective cash management for insurance operations

- Undertaking strategic reviews of run-off portfolios

- Development of recommendations on exit strategies for underwriting pools

- Assistance to companies in respect of commutations and reinsurance collections

- Providing recommendations for outsourcing options

- Actuarial reserving and run-off modelling for insurance companies and banks with reinsurance asset and liability management issues

- Assistance to companies either in the sale or acquisition of discontinued books of business

Key Personnel

Mike Walker - Partner

John Wardrop - Partner

Darryl Ashbourne - Director

James Bolton - Director

Barry Gale - Director

Steve Goodlud - Director

Karen Newbury - Director

Michael Tagg - Director

Employees

10,000

Business Summary

KPMG in the UK is a leading provider of professional services, which include audit, tax, and risk advisory. Our approach to relationships and service delivery helps clients across the globe exploit new opportunities, improve performance, manage risk and enhance value for both shareholders and stakeholders alike.

KPMG’s Restructuring practice in the UK is made up of over 700 professionals. We can help to identify ways around or out of a stressful situation. Working alongside lenders, stakeholders and all levels of management, our professionals plan and deliver restructuring actions that can provide real improvements to cash flow, profit & loss and the corporate balance sheet. We take an objective, hands-on approach to stabilising underperforming businesses by identifying opportunities for strategic, operational and financial change. The aim is to get the business back on track, to optimise its performance and efficiency and to generate outstanding and lasting value for stakeholders.

With extensive experience in developing and implementing solutions in situations of stress and distress, we work across all sectors and geographies to deliver complex, cross-border restructuring and insolvency support.

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2010 Calendar of Events

ISL networking group on the first Thursday of each month in the Broker Wine Bar from 12.30 onwards.

  • 8th September 2010
    Board Meeting 11.30
  • 13th September 2010
    Annual Dinner Monte Carlo
  • 10th November 2010
    Board Meeting 11.30
  • 6th December 2010
    Christmas Reception

A taste of our Networking Events

Christmas Reception 2009

Annual Dinner in Monte Carlo - September

Lille Wine tasting trip 2009