In today's challenging and competitive markets, companies around the globe are burdened with problematic reinsurance assets or looking to exit a particular market or line of business. A number of companies are ceding business to reinsurers that are either recalcitrant or notorious slow-payers in geographically undesirable locations to make a deal cost-effective. However, if reinsurance recovery issues arise it can be cost prohibitive to pursue the claim through litigation or arbitration. These scenarios have become all too common for insurers and reinsurers in both the live and run-off markets.

In response to these market conditions, Aurum offers an alternative that enables its clients to realize value for claims that might otherwise be written off. With numerous deals of all size and complexity completed over the last decade, Aurum has streamlined the process in a quick and efficient way for all parties involved through the assumption of debt via an Assignment and Novation Agreement. This process allows our clients to realize value for otherwise undesirable receivables immediately and all future liability and administrative responsibility shifts entirely to Aurum.