Tapping into capital.
Run-off has had a very bad press recently - associated, as it has been, with failed businesses. However, Philip Grant believes it has a key strategic role to play in the market and is a valuable way to manage and optimise capital and ultimately drive a company forward.
The mention of run-off to most senior insurance executives will evokeeither a shudder or a sniff of disdain. Unfortunately, the term is
inextricably linked to the notion of failure - even
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