Billingham ReSolutions, Incorporated

Katherine L. Billingham, J.D., C.P.C.U

At times it makes good business sense to outsource the administration of certain sectors of operations and manage a single service contract rather than a staff of employees. Outsourcing all or part of non-core activities can be effective for companies actively underwriting and especially for companies in run off where different expertise is required.  ICARMS is proud to offer the following benefits from our administrative services:

Run Off Administration

Upon ceasing underwriting activities, the emphasis changes from achieving profits to maximizing savings. We have many years experience in run off administration and have a thorough understanding of the financial and personnel issues that accompany run off operations. Our services include the latest technical support, as well as claims administration, pursuing reinsurance recoveries and commutations, financial control and corporate management.

Management & Administration of Operations

Our wealth of experience offers reinsurers the option of outsourcing any or all of the processes necessary to successfully manage and administer its reinsurance operation. ICARMS provides underwriting support, claims administration, technical processing, cash management and budgetary control.

Support for Statutory & Regulatory Returns

We have many years experience of dealing with statutory and regulatory compliance and reporting. We can provide a range of outsourcing support services, including quarterly and annual reports, licensing and assistance in dealing with corporate tax matters.

Solvent Schemes of Arrangement

Schemes of Arrangement are a finality solution available in certain jurisdictions, particularly the UK and Bermuda. We can assist in the preparation of a Scheme by creating or reviewing principal-to-principal ledgers, actively commuting selected business and identifying a Scheme Administrator to facilitate successful results.

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Last modified: 04/08/04