Speaking to The Insurer TV as part of #ReinsuranceMonth, R&Q’s group head of legacy M&A said the firm was very conscious of the need to carry out thorough due diligence to properly understand exposures in terms of where claims are arising from within portfolios, and also to “get a real good feel” as to how claims are being managed.
“These claims need to be kept on top of, they can’t drift,” Corver said.
“They can’t be allowed to run up spurious amounts of legal fees, ending up in a court position of a jury deciding a multi-million-dollar verdict – they need very close monitoring and close handling,” he added.
