Business
Having once been the recognized industry leader in program business, Clarendon has now divested itself of its on-going active business and is concentrating on the run-off of its legacy portfolio.
Under the program business model Clarendon would outsource company back-office functions to expert general agents and third party administrators, whose in depth knowledge of their industry segment and highly developed underwriting and/or claims handling expertise enabled Clarendon to offer the highest level of service to their customers.
Internally at Clarendon, functional areas are segregated to ensure the most expert and efficient handling of each area. Clarendon focuses specifically on the following five functional areas:
- Program Run-Off
- Claims
- Legal and Compliance
- Financial and Accounting
- IT
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