Fleming is changing the paradigm of legacy reinsurance by developing a mutually beneficial recurring solution that is focused on capital benefits and can be used as an alternative form of financing to facilitate growth.

Traditionally, Casualty insurance-linked securities (ILS) have long investment horizons. However, Fleming offers customized ILS investment horizons through its PlannedLPT^TM solution to produce strong risk-adjusted returns with low volatility.

While many insurance and reinsurance companies just use AI to automate processes, Fleming is ahead of the curve, leveraging AI to provide meaningful solutions in underwriting and claims adjudication to better assess risk and create value for our partners.

Eric Haller, CEO, Fleming Re, said insurers are increasingly participating in run-off programs to better manage capital, rather than simply manage toxic liabilities.

In addition to the change to more ‘benefit-focused’ solutions, the industry has experienced a significant amount of advancement as a result of a variety of other factors. These include market dis- ruptions, changes in the regulatory envi- ronment, client-driven innovations and the application to new industries.

Eric Haller of Fleming Re addresses how run-off solutions can support recent changes in risk management strategies and the impact of the global coronavirus pandemic