Contact Numbers:

To report a claim:
(800) 880-0474 / (817) 732-2111

Personal Lines Fax:
(800) 880-2881 / (817) 732-1011

Strategic and financial changes within the industry create the need for specialized services in the handling of the run-off for discontinued lines or books of business. Often the original company, broker or Third Party Administrator (TPA) has failed to provide for continued quality servicing of reinsurance contracts, or companies have exited the market and are in need of a cost effective solution for the run-off period.

Run-off business, particularly that exposed to the U.S. Casualty and London Markets, is subject to significant underwriting and financial risks; and, is an industry problem of significant proportion, which requires experienced, skilled professionals to identify, control and solve the historical problems as well as understand current market conditions and current law.

Wellington Financial Services’ professional personnel are highly skilled and experienced in the operation of property and casualty companies, including reinsurance markets. Our staff consists of experienced, senior level individuals proficient in the management of insurance companies, agencies and TPA’s providing management roles in underwriting, claims management, settlement and reserves estimation, collection of reinsurance recoveries, data processing systems and accounting and financial reporting. Wellington’s runoff administration services encompass:

  • Verification that contracts and/or risks accepted are valid and properly documented;
  • Accounting and reporting for the transmission of funds related to premiums, claims and other cash transactions including transfers between our clients and their reinsurers;
  • Policy administration of inforce policies, including call and fulfillment centers;
  • Claims services, including the processing of claims by experienced professionals utilizing customized technology systems.

Wellington Financial Services currently administers over $1 Billion of run-off business and is accredited as a Lloyds Broker to make settlements directly with Lloyds of London sydicates.