Too often, insurers walk away from lines or classes of business that no longer fit their growth strategies. This business may lack scale, have burdensome reinsurance or capital requirements, or no longer aligns with the carriers’ goals.
If that business is profitable, carriers are leaving money on the table when they non-renew the business or give the renewal rights to another company for a small percentage of the GPW. Instead, non-renewed or non-core business can be viewed as an asset – a valuable asset that can be restructured and sold on the strength of its earnings stream.
Join Insurance Insider, in partnership with M&A Services, for a free webinar 10:30 EDT/15:30 BST on Sept. 24, as we explore new ways to create value from non-core business.
Moderator: Meg Green, Senior Editor, Insurance Insider