Operating Subsidiaries
PRO Insurance Solutions Limited
PRO Insurance Solutions is our insurance services company. 'PRO' comprises of the affiliates PRO Insurance Solutions Limited, PRO Iberica and PRO IS, Inc. The acquisition of PRO was completed in November 2009.
PRO is a leading provider of run-off management and professional services to the international insurance and reinsurance industry, managing the run-off of the insurance companies acquired by Tawa in addition to a large number of third party clients.
PRO is a true specialist focusing on providing innovative solutions, offering insurers and reinsurers the opportunity to progress or refocus. PRO provides solutions that protect corporate reputations and balance sheets. Service offerings take many shapes, but the focus is always on problem solving and delivering results.
www.pro-ltd.co.uk
To find out about Our People please use the link below.
CX Reinsurance Company Limited
(partly owned)
On 31 October 2002, Tawa acquired CX RE, formerly called CNA Reinsurance Company Limited, from Continental Casualty Company. From 1977 CX RE underwrote a complex portfolio of US and international insurance risks but ceased underwriting in August 2001. When purchased, CX RE was the largest solvent company run-off in the London market. Since 2002, we have reduced the gross undiscounted liabilities of CX RE by over 75%; one of the most rapid reductions ever seen in the London market. On 21 March 2006, we sold most of our shares in CX RE, retaining 12.65% of the non-voting shares and 49.95% of the voting shares. Tawa Management manages the run-off under a contract running to 2010.
www.cxre.com
KX Reinsurance Company Limited
On 4 May 2007, Tawa completed the acquisition of KX RE, formerly called Continental Management Services Limited. KX RE is a mature run-off with a wide variety of exposure, predominantly in US dollars. The majority of risks relate to 1985 and before.
www.kxre.com
PXRE Reinsurance Company
On 31 March 2008, Tawa completed the acquisition of PXRE, a Connecticut-domiciled reinsurance company that entered run-off in 2006.
Please note that Tawa has not acquired PXRE Reinsurance Ltd or PXRE Reinsurance (Barbados) Limited, companies domiciled, respectively, in Bermuda and Barbados and that remain part of the Argo Group.