Commutations
Cavell has completed literally hundreds of commutations for its owned companies and its clients. We believe that commutations can be a mutually satisfactory way for parties to accelerate finality, resolve disputes and liquidate assets.
In addition to our well known Rendez-Vous our services for both inwards and outwards business include:-
- Identification of relevant contracts, including analysis of "parent/child" relationships
- Modelling of IBNR claims
- NPV and litigation risk calculations
- Assessment of recoverability from reinsurers of commuted claims
- Negotiation of commutations
- Finalisation of wordings.