Broker replacement / Experts' fee collection

R&Q Broking Services Limited

Improving your Cashflow

RQBS focuses on providing efficient collection services to the London, US and international insurance markets and improving the cashflows of insurers, cedants and experts (lawyers, adjusters, etc.) operating within these markets.

RQBS replace the poor or non performing broker of record in the collection of insurance and reinsurance receivables as well as fees due to experts servicing the market.

Insurance and Reinsurance Receivables Collection

We believe that the professional management of the client's assets is crucial to financial stability. Poor performance in the collection of insurance/reinsurance receivables can significantly impact cashflows and create liquidity problems for insurers and reinsurers who may then find themselves faced with some or all of the following:

• Immediate working capital liquidity issues and difficulty in forecasting future cash flows
• Potential bad debt exposure - with debtors going into run-off, entering solvent schemes of arrangement or liquidation - as well as potential time bar issues, all of which may lead to future solvency problems
• The additional administrative burden of monitoring and chasing the backlogs of outstanding claims and premiums

Our dedicated and experienced team will assume and perform the broker of record duties and accelerate the process of converting outstanding amounts due into cash. We provide:

• A full or part broker transfer and replacement service
• Timely processing of claims and premiums
• Full credit control facilities and cash reconciliation
• Advice, assistance and recommendations to solvent schemes of arrangement
• Recommendations to progress historic queries
• Access to the extensive professional services provided by Cavell worldwide.

Professional Fee Collection

We replace the broker of record to provide a fee collection service specifically designed to improve the cashflows of experts operating on behalf of the London market.

The main aspects of the service are:

• The experts engage RQBS to replace the broker of record and to collect the fee invoices from insurers and reinsurers
• Fees are settled to experts 30 calendar days after the invoice has been issued

The fee collection service can be applied to all Insurers/Reinsurers including those based overseas (providing the risk concerned is led by the London market).