Advice, guidance and assistance in difficult circumstances
The history of the life insurance industry is periodically punctuated with the failure of flawed business models, poorly executed strategies, and inept operators. In many cases, these issues precipitate the gradual decline and eventual demise of an operating business, fund or financing entity holding life insurance policies. Whether it’s a single policy, a block of policies or a large portfolio, life insurance assets have often been misunderstood, misused and mismanaged. Many times, the organizational design of the enterprise no longer supports the original objectives of the business or, the company’s operations no longer conform to market standards. In these situations, either before it’s too late or when a catastrophic event occurs, LAA is ideally suited to act as your first-response team.
Before it’s too late, the proactive help you need
Unfortunately, the life insurance markets are populated with people and companies, which may be very effective in one area of the business and yet, fall woefully short in others. Sometimes an enterprise simply loses focus or wanders away from its core competencies. It is not at all uncommon for these organizations to find themselves operating unsuccessfully and far beyond their capabilities. To get back on track, these firms need expert guidance and fresh perspective. They may be facing challenges that include legacy issues inherited from previous management, ineffective personnel, unforeseen market shifts or resource constraints. As strategists and tacticians, with proven success and skills developed over many, many years, LAA is able to quickly triage, investigate, diagnose, consult, propose and implement practical, effective solutions. With managerial support and commitment, it may be possible to successfully rehabilitate or reconfigure the enterprise by providing the necessary tools and resources to allow a once struggling company to thrive again.
Making the most of a liquidation
When a reorganization is simply not possible or its success is unlikely, LAA steps in to uncover and maximize the value of the remaining assets of the business. LAA’s capabilities extend far beyond assessing the quantitative characteristics of the assets, to the qualitative matters which can, if correctly evaluated and explained, add extra value to distressed assets subject to liquidation. LAA’s long tenure of experience in the industry affords its clients the benefit of deep context and the ability to identify correlations others simply do not understand. LAA is able to see beyond the numbers to identify hidden opportunities and untapped potential. Their habits drive them to dig deeper, ask the more difficult questions and chase down every possible alternative in search of the best route to maximum recovery.
Subject matter expertise in support of litigation
In run-off, wind-up and liquidation cases, and in addition to operational, strategic and tactical assistance, LAA is also able to produce substantive, well-reasoned and defensible data and analysis in support of litigation and other legal actions necessary to the recovery effort. LAA’s ability to evaluate, assess and support complex matters involving life insurance assets and all of the elements of such cases makes them a critical component of your legal strategy and a valued member of your litigation team. LAA’s specialty is forensic due diligence and they are expert at identifying opportunities to recover, optimize and maximize the value of the assets in play, including matters involving litigation related to life insurance, life settlements and related parties. Expert consulting, expert witness testimony, expert analysis and reporting, and strategic consulting are just part of the added value LAA brings to the table in these matters.