Broker Replacement

Are you getting your collections processed or paid fast enough? Problems with broker legacy performance? Citadel Risk understand the difficulties you face and we can help you resolve them. With an extensive network of London and international market contacts and proven cash collection expertise, we replace non-performing brokers – partially or entirely – to maximise speed and value of recoveries. Our experienced team will partner with you to deliver a bespoke cost-efficient service.

Citadel Risk staff have completed many such transactions and are well versed in delivering a quality product which will uplift performance and more importantly, cashflow efficiency. We can broker run-off business in the Lloyd’s and worldwide company markets and use the London Market networks for both settlement and accounting functions.

Benefits of using the Citadel Risk broker replacement service:

  • Accelerate and maximise recovery of your reinsurance assets and/or secure liquidated debt
  • Improved tunraround and presentation of your claims
  • Production of timely and management reports showing where specific reinsurers are falling short
  • Perform to agreed performance standards, ensuring we deliver on focused and measurable service levels
  • We offer you a dedicated team with an exceptional market network and an extensive range of processing, broking and accounting experience

 

Key contacts

Art Coleman
art.coleman@citadelrisk.com

Mike Palmer
mike.palmer@citadelrisk.com