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.
Four Factors Plaintiffs Should Consider When Evaluating Loss Portfolio Transfers in Mass Tort Cases
Subject Matter Expert –
Mark, a seasoned executive and Verus co-founder, has over 20 years of experience building high-performing teams and leading settlement and claims management for mass torts, class actions, and insurance runoffs. Before Verus, he managed operations at the nation’s largest asbestos claims facility and founded a firm specializing in securities fraud class actions. Known for his research, analytics, and expert witness support, Mark works with top litigators nationwide, applying his commitment to impactful work.
