{"id":427,"date":"2019-07-23T10:01:00","date_gmt":"2019-07-23T10:01:00","guid":{"rendered":"https:\/\/compre-group.com\/?p=427"},"modified":"2021-09-22T14:26:42","modified_gmt":"2021-09-22T14:26:42","slug":"episode-6-bermuda","status":"publish","type":"post","link":"https:\/\/compre-group.com\/de\/episode-6-bermuda\/","title":{"rendered":"Folge 6: Bermuda"},"content":{"rendered":"<p>Vor ein paar Wochen landete ich auf den Bermudas \u2013 einer ziemlich merkw\u00fcrdigen Inselgruppe im Nordatlantik, deren Versicherungswurzeln bis in die Mitte des 19. Jahrhunderts zur\u00fcckreichen. Heute ist es die Heimat zahlreicher Versicherer, R\u00fcckversicherer, Legacy-Acquirer sowie versicherungsorientierter Wirtschaftspr\u00fcfungs- und Anwaltskanzleien, von denen die meisten nach Westen in die USA blicken.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"240\" height=\"320\" src=\"https:\/\/compre-group.com\/wp-content\/uploads\/2021\/09\/Bermuda-e1563880712810.jpg\" alt=\"\" class=\"wp-image-910\" srcset=\"https:\/\/compre-group.com\/wp-content\/uploads\/2021\/09\/Bermuda-e1563880712810.jpg 240w, https:\/\/compre-group.com\/wp-content\/uploads\/2021\/09\/Bermuda-e1563880712810-225x300.jpg 225w\" sizes=\"(max-width: 240px) 100vw, 240px\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>Bermuda hat sich zu einem Schauplatz alter Marktaktivit\u00e4ten entwickelt, vor allem als bedeutender Markt f\u00fcr nordamerikanische Risikotr\u00e4ger, die Loss Portfolio Transfers (LPTs) anstreben. Im Wesentlichen handelt es sich bei einem LPT um eine 100%-Quotenr\u00fcckversicherungsl\u00f6sung, die die Wirtschaftlichkeit eines Portfolios auf die Bilanz eines Altk\u00e4ufers \u00fcbertr\u00e4gt.<\/p>\n\n\n\n<p>Doch am weiten Horizont der amerikanischen Versicherer liegt etwas Neues. In <a rel=\"noreferrer noopener\" href=\"https:\/\/compre-group.com\/de\/episode-2-new-york\/\" target=\"_blank\">Folge 2 von A Rough Guide to Le<\/a><a href=\"https:\/\/compre-group.com\/de\/episode-2-new-york\/\">gacy <\/a>Ich erw\u00e4hnte die aktuelle Begeisterung auf dem US-Markt \u00fcber Insurance Business Transfers (IBTs) und die damit verbundene rechtliche Endg\u00fcltigkeit. Was sind also die Vor- und Nachteile von LPTs gegen\u00fcber IBTs?<\/p>\n\n\n\n<p>LPTs sind eine bew\u00e4hrte Methode zur Ver\u00e4u\u00dferung von Altportfolios. Sie sind in der Regel mit einem Run-Off-Management-Vertrag (ROMA) verbunden, der den Kunden sowohl operative als auch wirtschaftliche Endg\u00fcltigkeit bietet. Sie k\u00f6nnen sofort nach Unterzeichnung wirksam werden und eine Kapitalentlastung bewirken.<\/p>\n\n\n\n<p>In der LPT-L\u00f6sung fehlt der Gedanke der rechtlichen Endg\u00fcltigkeit. Anspr\u00fcche k\u00f6nnen weiterhin gegen\u00fcber dem urspr\u00fcnglichen Versicherer geltend gemacht werden, die Zahlung erfolgt jedoch stattdessen vom R\u00fcckversicherer. Die Letzthaftung f\u00fcr etwaige Anspr\u00fcche bleibt beim R\u00fcckversicherten.<\/p>\n\n\n\n<p>IBTs erm\u00f6glichen genau dieses fehlende Puzzleteil. Tats\u00e4chlich umfassen die derzeit in Europa angebotenen L\u00f6sungen in der Regel einen LPT im Voraus, der das wirtschaftliche Risiko sofort \u00fcbertr\u00e4gt, gefolgt von einer rechtlichen Portfolio\u00fcbertragung durch einen IBT. Abh\u00e4ngig von der Gerichtsbarkeit kann die Fertigstellung des IBT zwischen einigen Monaten und mehr als einem Jahr dauern.<\/p>\n\n\n\n<p>Der US-Markt wartet jedoch immer noch sehns\u00fcchtig auf den Abschluss des ersten lokalen IBT, der sp\u00e4ter in diesem Jahr in Oklahoma stattfinden k\u00f6nnte, im Rahmen seines noch nicht getesteten Insurance Business Transfer Act. <a href=\"https:\/\/www.insuranceinsider.com\/article\/2876gv60zg4bent3iij9c\/oklahoma-slates-autumn-target-for-first-us-portfolio-transfer\" target=\"_blank\" rel=\"noreferrer noopener\">laut aktuellen Presseberichten<\/a>. Nur die Zukunft wird zeigen, wie sich dies auf den nordamerikanischen Legacy-Markt auswirken wird!<\/p>\n\n\n\n<p><em>N\u00e4chste Woche werde ich meine Zeit zwischen Finnland, Deutschland und London aufteilen und danach f\u00fcr einen dringend ben\u00f6tigten Sommerurlaub und Erholung nach Vancouver zur\u00fcckkehren.<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>Vor ein paar Wochen landete ich auf den Bermudas \u2013 einer ziemlich merkw\u00fcrdigen Inselgruppe im Nordatlantik, deren Versicherungswurzeln bis in die Mitte des 19. Jahrhunderts zur\u00fcckreichen. Heute ist es die Heimat zahlreicher Versicherer, R\u00fcckversicherer, Legacy-Acquirer sowie versicherungsorientierter Wirtschaftspr\u00fcfungs- und Anwaltskanzleien, von denen die meisten nach Westen in die USA blicken. [\u2026]<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Episode 6: Bermuda - Compre<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/compre-group.com\/de\/episode-6-bermuda\/\" \/>\n<meta property=\"og:locale\" content=\"de_DE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Episode 6: Bermuda - Compre\" \/>\n<meta property=\"og:description\" content=\"A couple of weeks ago, I touched down in Bermuda \u2013 a rather curious grouping of islands in the North Atlantic Ocean with insurance roots dating back to the mid-nineteenth century. 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