Casualty Loss Reserve Seminar Loss Portfolio Transfers.pptVIP

Casualty Loss Reserve SeminarLoss Portfolio Transfers Presented September 18, 2000 by: Gustave A. Krause, Arthur Andersen LLP. Charles Woodman, Marsh, Inc. Bruce S. Zaccanti, Arthur Andersen LLP. Loss Portfolio Transfers What is a Loss Portfolio Transfer (LPT): For Many reasons an organization my have a large volume, (Portfolio) of claims/losses that have become an administrative or financial impediment for an organization. In order to try and maximize resources and reduce incurred balance sheet expenses, outstanding letters of credit, and/or cost of credit, the seller of a portfolio of l