Services Management of Discontinued Operations

Company/ Portfolio Run-Off Overview

Chiltington worldwide has been involved in the management of discontinued operations since its beginning in 1982. In the United States, our first portfolio run-off began in 1986.

Since then we have taken on the responsibility of administering the run-off of eight companies whereby we “step into the shoes” of the company and assume the responsibility of not only the technical claims and accounting but also all of the statutory and regulatory duties associated with any administration.

Our staff is fully versed in preparation of the “yellow book” and has been involved in integral parts of the “blue book” preparation for life insurance companies. We have performed all of the necessary duties to keep our clients compliant with regulatory authorities including the filing and payment of premium taxes and various other State filings required by the regulatory authorities.

In addition to the run-off of reinsurance books of business we have also assisted our clients when an MGA has been unable to perform its duties. We have set up billing systems to bill producers, and systems to record endorsements, bill, and/or collect balances due.

With the many different types of discontinued operations managed by Chiltington, we have been able to adapt to the clients’ needs by developing the necessary reporting for all facets of the business in the necessary manner as determined by the client.

Chiltington stands ready to assist our clients with solutions to any of their discontinued operations needs.