Alan Gray LLC has been named will perform claim administration, financial coordination, and data management services related to the runoff of two legacy reinsurance portfolios containing long-tail asbestos and pollution exposures.

The pools are the Excess and Casualty Reinsurance Association (ECRA) pool, which underwrote reinsurance business from 1950 to 1982, and Carpenter Management Corporation reinsurance pools, which wrote from 1966 to 1982.

The terms of a new pool Manager Agreement appoint Alan Gray, in conjunction with its wholly owned subsidiary A.G. Risk Management, Inc., to serve as the successor pool manager of the pools previously administered by Excess & Treaty Management Corporation (ETMC). An ETMC runoff agreement had been in place since 1982.

Founded in 1988 and headquartered in Boston, Alan Gray provides audit, forensic accounting, and complex claims advisory services to the global insurance and reinsurance industries. Since joining Premia Holdings in 2018, the firm has expanded its capabilities in legacy runoff and liability management.

“This engagement highlights Alan Gray’s strength in legacy claim administration and reinforces Premia’s commitment to supporting complex runoff solutions,” said Bill O’Farrell, CEO of Premia Holdings, in a media statement.

Seth Patel, CEO of Alan Gray, said, “Our mission is to bring operational clarity, claims discipline, and a commitment to service excellence that supports all pool stakeholders.”

Source: Alan Gray, LLC, A Premia Company