Insurers in Run-off
The Insurance Companies Run-off business owns insurance companies which are closed to new businesses and runs off their liabilties in an orderly manner.
The Insurers in Run-off business owns life and non-life insurance companies which are closed to new business and runs off their liabilities in an orderly manner. It is supported by our Insurance Support Services business, which provides it with run-off servicing.
The business owns a life insurance company in the Isle of Man which acquires and integrates UK offshore life insurance companies in run-off. It enjoys a strong market position, being one of the only offshore life businesses capable of acquiring these businesses.
It also owns two non-life insurance companies in the UK, and one non-life company in the Republic of Ireland.