There has been a spate of insolvencies in the insurance and reinsurance in recent years.

The causes of these company failures vary from case to case and the opportunities for meaningful recoveries also vary considerably.

ISL finds the trend for substantial financial conglomerates to allow unsuccessful insurance subsidiaries to go to the wall, without their support, very disturbing. An example of this, at Government level, has been the demise of RMCA Re and ICS Re, Singapore.

Being a totally independent organisation, ISL is able to cajole the ultimate owners, Insolvency Practitioners and others to accelerate the payment of dividends.

Again, ISL's international network allows it to make a greater impact on settlements.

Investigation work is often required to track down recalcitrant parties. A mandate to recover funds, received by ISL from a Far East client, involved tracing parties in seven different regulatory jurisdictions.

ISL is able to assist parties who wish to engage in commutation.