“IRLA is the primary Legacy Association, globally. The membership benefit from extensive Market networking opportunities and educational events all aimed at expanding the dialogue around key Legacy issues, whilst also engaging with the Live Market to prepare the membership for future opportunities and challenges. Board members represent all areas of the (Re)Insurance industry, including Legacy and Live companies, ensuring there is energy within the Association both for the current activities and planning for the future. Each Board member must also participate on at least one IRLA Committee, such as the Education or Events Committee, being responsible for fulfilling the obligation to the membership for training and networking. Congress is the highlight of the year whereby the membership come together over 2 days for education, Market issue sharing and to create a dialogue around current and future Legacy matters.

IRLA should be a key part of the toolkit for anyone working in the (Re)Insurance Legacy environment.”

Mark Hallam, Managing Director, Swiss Re

For many years I did not see the value of having corporate membership as the Company was very active in pursuing its own course and we always believed we could influence the market alone, due to the size and participation in the North American legacy space. After seeing all the exceptional work Paul Corver, as Chairman, and the Board, which by then was populated by more liability carriers, were undertaking to make sure the run off and legacy sector had a strong voice on on-going matters and in particular shaping the emerging losses here in the United Kingdom, we decided to re-join the organisation and add our own voice to shaping the way the market place responded. It was our belief that unity was a far stronger weapon, than trying to get our single voice heard. Prior to my departure I was proud of our continued and expanding involvement with IRLA, whereby our knowledge and experience was being recognised and employed.

After setting up my own consultancy in November 2018 offering specialised services to the London Market and in particular the legacy and run off sector, it was a natural progression to join IRLA as a sole trader. With access to risk carriers, capital providers, lawyers and consultants all whom are involved in the run off and legacy sector’s has increased my pool of potential clients. Being a member also gives me access to briefings on either emerging new losses or legacy matters, which helps increase my knowledge base. As a member these are free to attend which is a huge advantage rather than having to pay to attend other providers courses. Networking opportunities also exist during the year, this gives me access to other members in a more informal and relaxed setting, which enables ideas to be exchanged, and opportunities created. The training academy is another major consideration as I consider this is key to training the leaders of the future and ensuring that the loss of market knowledge and experiences are not lost forever, and the problems of the past rear their head again. I believe the sole trader membership fee is good value for money and having IRLA on your CV shows your professionalism in the legacy market place.

David Rooney, David S Rooney Consulting

The Continental Europe legacy market has still to deploy its potential. Yet Covid-19 implications, as well as regulatory requirements will accelerate adoption of capital and cost optimization strategies.

Today, legacy solutions should go beyond being a capital management instrument: they support the transformation journey of insurers towards a new, efficient, digital and growth driven, not legacy burdened, operational model.

Facing a volume of EUR >500bn in 2025, legacy represents a great industry to work for and IRLA a mandatory place for insurers, advisors, intermediaries and investors to shape the change.

Arndt Gossmann, CEO and Managing Shareholder, Gossmann & Cie. Group