[et_pb_section fb_built=”1″ _builder_version=”3.27.3″][et_pb_row column_structure=”1_4,3_4″ _builder_version=”3.27.3″][et_pb_column type=”1_4″ _builder_version=”3.27.3″][et_pb_image src=”https:\/\/www.icsr.co.uk\/wp-content\/uploads\/2020\/07\/Case-study-image-21–scaled.jpg” _builder_version=”3.27.3″][\/et_pb_image][\/et_pb_column][et_pb_column type=”3_4″ _builder_version=”3.27.3″][et_pb_text _builder_version=”3.27.4″]<\/p>\n
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The Client\u2019s Needs<\/strong><\/p>\n ICSR\u2019s client was the European division of a large overseas-owned multinational with a London Market company and a Managing Agent manging multiple syndicates at Lloyd\u2019s. The firm had been required to prepare a Recovery and Resolution Plan but required specialist assistance. They had asked several firms to quote but received significant fee proposals.<\/p>\n ICSR were asked to support the firm\u2019s Risk team and help to prepare the Recovery and Resolution Plan.<\/p>\n ICSR\u2019s Solution<\/strong><\/p>\n ICSR worked collaboratively with the in-house risk team, meeting with senior directors and other members of the Management team to understand their needs and requirements and were able to produce the Recovery and Resolution PLan for a significant saving on the proposals offered by others while ensuring the outcome was appropriate for the capital and business model of the firm.<\/p>\n The solution was particularly interesting involving as it did the need to meet the PRA Proactive Intervention Framework while also meeting the Lloyd\u2019s expectations and approach.<\/p>\n Resources Deployed<\/strong><\/p>\n ICSR deployed a director with experience in risk and compliance and several members of its Talent Pool involving individuals with governance, compliance, risk, run-off and project management skills.<\/p>\n Client Outcome<\/strong><\/p>\n ICSR delivered the document on time and on budget with a capped fee including the presentation to support the Board Committee approval process.<\/p>\n [\/et_pb_text][et_pb_post_nav prev_text=”Previous case study” next_text=”Next case study” _builder_version=”4.5.1″ _module_preset=”default”][\/et_pb_post_nav][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=”Similar case studies footer link” _builder_version=”4.9.4″ _module_preset=”default”][et_pb_column type=”4_4″ _builder_version=”4.9.4″ _module_preset=”default”][et_pb_text _builder_version=”4.9.4″ _module_preset=”default”]<\/p>\n [\/et_pb_text][et_pb_portfolio fullwidth=”off” posts_number=”4″ include_categories=”112,117,195,113,194″ show_categories=”off” show_pagination=”off” _builder_version=”4.9.4″ _module_preset=”default” hover_enabled=”0″ sticky_enabled=”0″][\/et_pb_portfolio][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_2,1_2″ _builder_version=”3.27.3″][et_pb_column type=”1_2″ _builder_version=”3.27.3″][et_pb_button button_url=”\/our-team\/” button_text=”Meet the team” button_alignment=”center” admin_label=”Meet the team button” _builder_version=”3.27.3″][\/et_pb_button][\/et_pb_column][et_pb_column type=”1_2″ _builder_version=”3.27.3″][et_pb_button button_url=”\/contact-us” button_text=”Contact us” button_alignment=”center” admin_label=”Contact us button” _builder_version=”3.27.3″][\/et_pb_button][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":" Our client had been required to prepare a Recovery and Resolution Plan but required specialist assistance. ICSR were asked to support the firm\u2019s Risk team and help to prepare the Recovery and Resolution Plan. Read how ICSR helped them.<\/p>\n","protected":false},"author":6,"featured_media":2529,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":""},"project_category":[112,117,195,113,194],"project_tag":[],"yoast_head":"\nOther similar work:<\/h3>\n