Mark Eveland, CEO of Verus. Courtesy photo 4 Factors Plaintiffs Should Consider When Evaluating Loss Portfolio Transfers in Mass Torts
Because loss portfolio transfers generally transfer risk, and specifically remove liabilities from corporate balance sheets, organizations and insurers should consider loss portfolio transfers as a creative tool to resolve large risk pools in a fair and efficient manner.
October 20, 2023 at 12:19 PM
9 minute read
Mass Torts
Loss portfolio transfers are reinsurance contracts where a self-insured organization or an insurer typically cedes legacy liabilities to a reinsurer. The reinsurer assumes and accepts the ceding entity's current and future claim liabilities, including the loss reserves. In exchange, the ceding entity agrees to pay the reinsurer for those reserves, often at a premium over the present value of the reserves, but at a discount to what the reinsurer believes it can earn over time by investing those reserves today.
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