PwC is the leader in providing solutions to companies with books of business in run-off. PwC is at the forefront of the development and evolution of Solvent Schemes of Arrangement and continues to lead innovations in this market.
A Solvent Scheme of Arrangement is a court-approved deal between a company and its cedants and policyholders where, essentially, a wholesale commutation is effected with all cedants and policyholders. Solvent Schemes of Arrangement have the flexibility to deliver value to all stakeholders and can be a very effective exit strategy for companies with run-off books.
