Perrenial is a London and Bermudian based general insurance (P&C) actuarial consultancy specialising in (re)insurance programme design optimisation, reserving, pricing and binder portfolio management services for Lloyd’s Syndicated/London Market Insurers, Managing General Agents(MGAs) and captive insurers. Our consultancy draws on years of experience and extensive expertise to deliver bespoke solutions to ensure risks are managed in a cost efficient manner.
Our actuaries use the latest mathematical techniques to deliver insight into complex business problems which aids in the managerial decision making process and we ensure the utmost professionalism in delivering results which make a difference.
For Lloyd’s Syndicates and Insurers there is scope to have significant claims activity across all lines of business. Ensuring there are sufficient reserves and cash flows to meet retained claims is essential to the company’s reputation since the changes in the reserves held impact the profitability of the business. We provide second line peer reviews of reserves for CROs and reserving managers.
MGAs and Lloyd’s Coverholders often struggle determining the actuarial performance of their portfolios. Given the increasing emphasis put on data and analytics by capacity providers we can help MGAs and Lloyd’s Coverholders to level the playing field by helping them determine forecast gross ultimate loss ratios and develop robust rating models to ensure risks are priced appropriately.
Captives, Mutuals and RRGs may have to demonstrate to stakeholders that the premium spent on the current (re)insurance structure is justified. Their risk appetite may have increased over the years and they now wish to explore the effects of opting for higher retentions. An (re)insurance programme design optimisation study can help tackle all of the above. We also provide Loss Reserving Opinions for regulatory purposes.
Lloyd’s Syndicates and captive insurers may wish to carry out a reserving analysis to better understand the potential value of future liabilities, its ability to meet these future out-go’s and its implications for profitability. Loss reserving opinions are also a legal requirement in many domiciles and jurisdictions.
With the increasingly complex insurance market, it can be difficult for some Lloyd’s Syndicates, Insurers and MGAs to understand if they are charging an appropriate premium for their policies. We use the latest stochastic modelling software and technical pricing expertise to help you understand the correct amount of premium to charge for your large accounts.
Careful consideration of risk appetite and allocation of capital to risk can create significant opportunities for captive insurers. It is essential for captive insures to strike the right balance between risk and reward. At Perrenial, we believe that companies that follow the (Re)insurance programme and design optimisation process can benefit from reduced exposure to the volatility of the insurance market cycle and delivering a sustainable and lower total cost of risk (TCoR).
MGAs and Lloyd’s Coverholders rely on a long-term and stable relationship with their capacity provider to thrive. Capacity providers often have a team of pricing actuaries at their disposal dedicated to analysing the performance of their delegated authority business and this places MGAs/Lloyd’s Coverholders and their brokers at a significant disadvantage. We help MGAs and Lloyd’s Coverholders to project their forecast gross ultimate loss ratios and provide insights into the performance of the binder so that their negotiating position with their capacity provider is strengthened.
What do Clients say about us?
Many people set up a business with the ultimate goal of selling it and moving to pastures new. You’ve probably already got a time in mind for a sale, but timing is generally dictated by market conditions. The best indicators of when to sell are the financial climate, potential buyer profiles and market trends.
Early planning will ensure that you have the right structures and processes in place to maximise success when conditions are right. Since establishment, Perrenial has grown by both organic means and by way of acquisition.
With every acquisition of an actuarial consultancy, we have different cultural and logistical issues to resolve, but on each occasion the vendors chose Perrenial because it represented a safe home for its staff and clients alike. Selling an actuarial consultancy is like selling your life’s work‚ it is essential to have some comfort that the qualities and values that you have developed will be respected.
If you are considering selling your actuarial consultancy, why not contact us for a confidential meeting? You will not want to sell your actuarial consultancy to a buyer that you do not connect with, so there is no time like the present to start to consider who is the best fit and who is able to offer you the right deal. To do that, you are going to need a buyer that ticks all of the boxes‚ which must include:
If you are interested in selling your actuarial consultancy business, why not get in touch to arrange an exploratory meeting or to move quickly to sale?
