FaxTel: +972-97448570

FaxFax: +972-97604763

MobileMobile:+972-544379153

Home spacer ReInsurance Recoveries spacer Commutations spacer Inspections spacer Profile spacer Contact
Building World Clock
Spacer
Circular   Circular
Spacer
Profile  

RCI ReCollections International is headed by Leonard Friedmann, a Chartered Accountant, qualified and licensed in both the UK and in Israel.

Active in the reinsurance business for over 27 years, he has been the deputy manager of a reinsurance division, for a seven year period managing two insurance company liquidations and operating a reinsurance consultancy practice.
During this period he has travelled extensively and has visited and undertaken assignments in over 50 countries, building up rich and varied "hands on experience".

Spacer
 


Leonard is a regular visitor to the UK and attends many of the international commutation rendezvous each year.

Major assignments undertaken include:

  • Personal management of the reinsurance recoveries and commutations for two insurance companies in liquidation, which included reinsurance recoveries in excess of $20 million and handling direct negotiations with over 200 reinsurers.
  • Commuting a significant part of Equitas' inwards book of business in the Far East,  South East Asia and Israel – involving reconciliations and commutation negotiations with over  130 cedants and providing  finality on gross liabilities in excess of $30 million and significant savings over booked liabilities.
  • Several global commutations (inwards and outwards business) on behalf of Equitas.
  • Various commutation projects on behalf of major UK run-off agencies.
  • Hostile Lloyds Binder inspection undertaken on behalf of several Lloyds Syndicates covering EL, PL and TPL liability contracts over several years, providing full litigation support.
  • Commutation of a complex pool-type arrangement covering Schoolchildren's Accident Policies involving 9 ceding companies and 20 underwriters/reinsurers, over a four year-period of liability. Due to the way in which the original agreements were set up, commutation of the pool arrangements involved app. 120 separate commutation agreements between the various parties.
  • Inspection of MBI liabilities on behalf of a major reinsurer covering several ceding companies.
  • Israel market inspection on behalf of a major US reinsurer, reviewing MBI, Liability, Fire & Motor Casco reinsurance contracts.
  • Succesful significant reinsurance recovery from a Canadian reinsurer.

 
 
Cir_bot   Circ_right
Spacer
 
Spacer