Loss adjusters are looking to manage run-off businesses in order to fill their order books.
GAB Robins and Crawford & Co are seeking alliances that will allow them to manage the run-off business of Lloyd's syndicates and composite insurers.
GAB Robins has signed a deal to manage the run-off business of Chartwell managing agency at Lloyd's. Chartwell refused to comment.
GAB is also talking to management consultants, including Accenture, about managing claims for companies that go into liquidation.
Crawford & Co is also seeking to manage run-off business, according to managing director of international strategic development Jonathan Clark.
He said insurers were cutting the number of loss adjusters they did business with and consequently adjusters were looking to develop new markets.
Clark said Crawford managed run-off books in the US and would look at opportunities to replicate the strategy in the UK. "We will be putting our new strategy into effect soon," he said.
Clark said loss adjusters were ideally placed to manage run-off books. "We have a broader spread of business and so are able to better achieve an accurate value for a claim," he said.
"A few years ago, the world of run-off administration would not be seen as a job for a chartered loss adjuster."
He added Crawford was also developing an interactive claims management system that allows clients to view claims data in real time from a central database. This was similar to GAB Robins' Eye system, Clark said.