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Commutation - A reinsured and the reinsurer agrees to cancel one or a group of reinsurance contracts between them for a consideration.

Policy Buy-back - Similar to a commutation between a direct policyholder and the insurer.

Policy Exhaustion - When a maximum aggregated limit for all claims under a policy has been reached. We can help define an exit/commutation strategy with your counter partner in order to come to a satisfactorily solution for all parties.

Schemes of Arrangement - According to the legislation of the country where the portfolio of the entity is domiciled, the court may sanction the process to settle all claims for a defined portfolio of (re)insurance. This can be for example a so-called Part 7 transfer in the UK.

Hampden has successfully commuted liabilities with a large number of counterparties on behalf of third party clients and also on behalf of our own entities. We can help formulate a commutation and/or exit strategy, setting targets for the individual transactions, analysing the underlying exposures and contracts, research the accounting position and finally negotiate a settlement with the relevant counterparty.

Legal consequences All these possibilities have legal and regulatory consequences and complications. We can assist you with these matters to make the operation a success.

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Find us

Hampden Insurance Group B.V.
's-Gravenweg 431
3065 SC Rotterdam
The Netherlands

Reg No Chamber of Commerce
Rotterdam: 24 36 97 82
VAT Nr: 81 37 69 073

+31 (0) 10 212 1000

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