About Us
As-Needed Personnel (Outsourcing)
As companies increasingly turn to outsourcing, InterNational Re Consultants, LLC (INRC) offers exceptional temporary services through our skilled accountants, auditors, and claims specialists. We are equipped to support you in various capacities, especially during high-pressure periods such as preparing quarterly and annual statutory statements, purging claim files, conducting audits, and processing transactions.
Commutations
In the realm of commutations, InterNational Re Consultants, LLC (INRC) can take the lead in developing, negotiating, and finalizing agreements on your behalf. Should there be any concerns regarding the accuracy of the cessions to the treaty, we will thoroughly review the cedant's records to identify non-compliance with treaty terms or potential misrepresentations, ensuring the best possible outcomes for your organization.
Forensic Accounting Skills
To support claim managers, adjusters, and attorneys, our professional auditors possess extensive experience handling all types of claims, regardless of scope or location. Our expertise spans various insurance niches, including property damage, specialty coverages, warehouse-related losses, construction projects, inland marine, open cargo, block policies, business interruption, fidelity and surety, valuable papers, and third-party liability.
We also provide thorough analyses to support fraud and arson defense and assist in litigation cases, including preparing examinations under oath and providing expert testimony.
We also provide thorough analyses to support fraud and arson defense and assist in litigation cases, including preparing examinations under oath and providing expert testimony.
Liquidation Support
- We provide a comprehensive range of services for insurance liquidators and receivers, mirroring those available to our insurance company clients. Our offerings include audits of agents and ceding companies, account reconciliation and reconstruction, claims reviews, commutations, and the collection of reinsurable recoverables.
- In the area of claim reviews, our capabilities include not only determining the adequacy of outstanding reserves, but also calculating the amount due from individual reinsurers.
- Since 1953, InterNational Re Consultants' staff has been utilized in various capacities in practically every major insolvency within the insurance industry. Our staff has been active in the National Association of Insurance Commissioners, serving on several committees and industry advisory boards. Thus, we are constantly aware of the latest industry developments.
Run-Off Services
InterNational Re Consultants, LLC (INRC) possesses extensive experience managing run-off services for both primary and reinsurance clients. We firmly believe that a run-off should be conducted with the same diligence and prudence as that of a responsible insurer or reinsurer. Our competitive rates are designed to ensure that we act swiftly on your behalf, facilitating commutations and collecting recoverables while upholding the integrity and reputation of your organization.
We work collaboratively with our clients, obtaining approval before developing and negotiating commutations with ceding companies and reinsurers. Additionally, we investigate treaties that may be candidates for recession and strive to collect all monies due to our clients on a best-effort basis. We can serve as your exclusive claims and administrative agent for all treaties in run-off or be engaged on a project basis to conduct inspections of your ceding companies.
Beyond these core functions, we establish robust internal control procedures and continuously monitor the activities of assureds, agents, and cedents. With client approval, we investigate any questionable items, ensuring record accuracy and gathering evidence that may enhance your negotiating position during commutation discussions.
We work collaboratively with our clients, obtaining approval before developing and negotiating commutations with ceding companies and reinsurers. Additionally, we investigate treaties that may be candidates for recession and strive to collect all monies due to our clients on a best-effort basis. We can serve as your exclusive claims and administrative agent for all treaties in run-off or be engaged on a project basis to conduct inspections of your ceding companies.
Beyond these core functions, we establish robust internal control procedures and continuously monitor the activities of assureds, agents, and cedents. With client approval, we investigate any questionable items, ensuring record accuracy and gathering evidence that may enhance your negotiating position during commutation discussions.