EMB have been involved in Solvent Schemes of Arrangement since their introduction in the late 1990s. Our roles have included actuarial advisor to the scheme company (Scheme Actuary), vote adjudicator and independent Scheme adjudicator. We have a number of experienced actuaries who have acted in these roles.
Throughout their existence schemes have been evolving. This has never been truer than in the last year. In response to objections raised in the BAIC case, EMB have performed the new role of voting adjudicator, have developed new forms of estimation guidance and are considering the issue of risk premiums under solvent scheme valuations.
In our actuarial advisor role we have been responsible for advising the scheme company on reserving levels and reserving ranges, allocation of IBNR to assureds, individual creditor reviews and supporting commutation of inwards and outwards business.
EMB have also worked with Scheme creditors to present their claims to schemes. By ensuring that their claim is presented, justified and fully supported in the best possible way, in the manner which is expected under the Scheme rules, we aim to help such creditors achieve a fair claim value while reducing the risk of dispute.
For further information, contact enquiries@emb.co.uk
