KWELM: setting the gold standard for insolvent run-off

Two directors of KMS Insurance Management Ltd (KMS), the successor to the management company that was formed in 1992 to administer the run-off of the KWELM companies, explain why run-off is not considered any longer to be a stigma

The importance of the KWELM run-off to the development of the UK run-off market over the last 15 years can’t be overestimated. It is not difficult to see why the UK, or more specifically, London, is today widely regarded as the world’s most sophisticated market for the settlement or the ‘running off’ of insurance companies’ liabilities to policy holders.