Having the right game plan for today and tomorrow’s environment is critical. Entities that may benefit from our expertise and guidance include those
Looking to enter surety and credit lines of business
Expanding into new territories domestically or internationally
Expanding into new segments
Positioning themselves ahead of the next loss cycle
Experiencing results that are not meeting expectations
Experiencing business unit leadership turnover
Merger & Acquisition Due Diligence
Strategic evaluation when entering or exiting the business via M&A
Identification of potential buyers or sellers
Buyers
Analyze strategy based on market conditions
Evaluate portfolio quality
Review underwriting strategy and talent
Assess claim strategy, reserving, and talent
Sellers
Position business to realize greatest value
Evaluate portfolio to identify strengths and potential concerns
Assess claim and reserving strategy
Review talent and resources to identify strengths and potential gaps
Crisis Management
Expertise and experience to guide sureties experiencing strategic and operational challenges, including:
Elevated claim activity
Leadership and staffing turnover
Portfolio composition weaknesses
Market perception issues
Portfolio & Underwriting Analysis
Having an evaluation from a surety consultant can be valuable at any point of the business cycle; however, these services are typically more in demand when results have underperformed expectations.
We are positioned to help insurers and reinsurers of any size including recent entrants and longstanding participants.
Claim Management & Loss Mitigation
Pro-active claim management is critical to reducing loss severity. Strong claim management can be the difference between the business unit delivering excellent combined ratios or realizing losses that wipe out multiple years of profitability.
Actuarial Analysis & Advisory
Use of incorrect models and assumptions are common within the surety industry, which can lead to decisions that generate unexpected and unwanted results. We have the expertise necessary to provide actuarial analysis that will be meaningful and beneficial to the organization.
Runoff Services & Advisory
Sometimes plans change. If the surety product line is no longer a target market, you may be looking to runoff your existing exposures. We have the resources and expertise to ensure the best possible results.
This requires:
A clear exit strategy
Experienced resources to help avoid common pitfalls
Reasonable assumptions on the time necessary to wind down exposures without generating unnecessary losses.