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Run-off - Run-off runs up.
(From Reinsurance)
Byline: Marc Jones.
There was a time when business that went into run-off was regarded being consigned to the outer darkness, seldom to see the light of profit, let alone day, again. But times are changing, as the run-off sector has seen a combination of both growth and optimism.
The March 2004 run-off (re)insurance congress in London organised by the Association of Run-off Companies (Arc) was the largest in the five-year history of the association, and reflected both the increasing interest and growth in the UK market with attendees coming from all over the world.
Run-off is a market that has grown steadily over the ...
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