Greenwoods has a pre-eminent reputation in the handling of defendant complex and large loss claims. Most law firms integrate complex and large loss claims into their general litigation divisions, ‘sharing out’ this prestigious workload amongst their lawyers. At Greenwoods, the CAT PI teams accept no other work; they are dedicated entirely to the handling of large loss cases.
Our strength in depth is of considerable importance to our insurer clients, not only on current loss exposure but on future business. Large loss makes news and in turn encourages new claimant initiatives. Our task is to assess, validate, negotiate and settle these claims as quickly, cost effectively and as quietly as we can.
Although we create a bespoke service for our complex and large loss clients, Greenwoods’ handling always has four key hallmarks:
- Dedicated CAT PI teams providing shared ownership of large loss cases, with a partner and support on each case, thus providing round the clock cover and avoiding delay.
- An individual case plan for each claim, including knowledge management, data gathering and expert resourcing, in conjunction with our preferred service providers and market partners.
- Regular case meetings to review progress and agree action points, enabling us to work in real partnership with clients and partners.
- Early control of the claim taken from the outset, removing the claimant’s solicitors ability to dictate pace and procedure.
As a discreet but dominant force in defendant CAT PI, we are currently handling a reserve portfolio of large loss cases with a value in excess of approximately £500 million. We deliver accurate advice on reserving, early settlement and cost reduction, thus assisting overall business planning and reduced reinsurer exposure.