Lloyd’s Reinsurance to Close (RITC) Agreements
On the second episode of “The Practice Manual,” host Robert Chaplin is joined by colleagues James Pickstock, Feargal Ryan and Richi Kidiata to examine reinsurance-to-close (RITC), a vital mechanism of the Lloyd's of London insurance market. The team examines what an RITC entails, including why they sit at the heart of Lloyd's three-yearly accounting process and assess timing, regulatory and operational considerations. The conversation also covers the three principal kinds of RITC and the steps involved in executing an RITC transaction, among other key topics.
Life (Re)insurance Sidecars
On the first episode of “The Practice Manual,” host Robert Chaplin is joined by colleagues Feargal Ryan, Caroline Jaffer and Theo Charalambous to examine life (re)insurance sidecars, including what they are, how they work and why they matter. The team analyzes the U.K.’s booming pension risk transfer market and the key parties involved — sponsors, investors and regulators — and assesses how sidecar vehicles may be structured. They also explore the central role of asset management in the sidecar space, with a particular focus on illiquid asset classes such as private credit and infrastructure loans, and the evolving dynamic between insurers and external asset managers.
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