Willis Towers Watson service overview

1. Asbestos liabilities
Consulting services for corporate defendants
Having a team on your side that understands what may be
looming on the horizon, and that can prepare you to meet
it, is key to saving your bottom line — not to mention your
peace of mind. Our Asbestos Practice’s ground-breaking
analysis, intellectual capital and vast experience dealing with
the issues presented by asbestos liabilities have made Willis
Towers Watson a recognized industry leader with helping
corporations in every aspect of this risk.
Actuarial analysis, risk quantification and managing the
response of insurance policies to claims are core businesses
of Willis Towers Watson. We work on behalf of corporate
defendants in a wide range of industries, including aerospace,
automotive and building product manufacturers, equipment,
heavy machinery and pump manufacturers, petrochemical
companies, engineering firms, railroads and utilities.
Our corporate defendants vary in size. Some have asbestos
liabilities, and corresponding insurance assets, well below
$100 million, while others have liabilities in the billions with
massive historical insurance programs. Our work supports
insurance claim negotiations and litigation, corporate
reporting and merger/acquisition activity.
The services we offer
Insurance claim dispute resolution
We help clients avoid the risk, expense and delay of coverage
litigation. Our consultants lead or support insurance recovery
efforts by providing:
ƒƒ Guidance on the development and execution of insurance
recovery strategies
ƒƒ A channel of communication to senior claim contacts at
major insurance markets
ƒƒ Tactical support for mass litigation and claims that impact
numerous insurers
Insurance archaeology
We reconstruct historical insurance programs and assist you
in locating policies by:
ƒƒ Reviewing internal historic records and archives
ƒƒ Interviewing current and former personnel
ƒƒ Contacting former insurance brokers
ƒƒ Helping to identify and contact other potential outside
sources of policy information
ƒƒ Contacting insurers to coordinate additional research

2. About Willis Towers Watson
Willis Towers Watson (NASDAQ: WLTW) is a leading global advisory, broking and solutions company that helps clients around the world turn risk into a
path for growth. With roots dating to 1828, Willis Towers Watson has 40,000 employees serving more than 140 countries. We design and deliver solutions
that manage risk, optimize benefits, cultivate talent, and expand the power of capital to protect and strengthen institutions and individuals. Our unique
perspective allows us to see the critical intersections between talent, assets and ideas – the dynamic formula that drives business performance. Together,
we unlock potential. Learn more at willistowerswatson.com.
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Liability estimation
Sizing the asbestos exposure(s) at issue can be critical to
decision making and Willis Towers Watson has both the
required depth and breadth of experience in this area. We:
ƒƒ Pioneered the “ground-up exposure-based analysis” now
considered the best practice for insurance reserves
ƒƒ Have broad perspective gained from reviewing the ground-
up liabilities of hundreds of defendants
ƒƒ Have experience with hearings in various bankruptcy
proceedings
ƒƒ Provide investment in researching current litigation trends
and developing industry benchmarks
Coverage analysis/insurance asset size estimation
Valuing insurance receivables — we help you understand how
key variables may impact the value of potentially available
coverage. These variables often include:
ƒƒ Choice of law used to interpret the insurance contracts
ƒƒ “Vertical” vs. “horizontal” exhaustion
ƒƒ Prior limit erosion/exhaustion
ƒƒ Trigger of coverage theories
ƒƒ Loss allocation method applied
ƒƒ Number of “occurrences” at issue
ƒƒ Insolvent insurers
ƒƒ Applicability of aggregate limits
ƒƒ Gaps in coverage
ƒƒ Treatment of defense costs
ƒƒ Applicability of deductibles/self-insured retentions
ƒƒ Relevant coverage exclusions
ƒƒ Applicable clauses/provisions
ƒƒ Prior settlement(s) with insurers
ƒƒ Shared coverage
ƒƒ Limits available under multi-year insurance contracts or
“stub” policies
Loss allocation modeling
We offer analysis to determine how observed or projected
losses may move through insurance programs. Our solutions
provide you with:
ƒƒ Mathematical results to develop settlement demands and
support settlement strategy
ƒƒ A framework for analyzing positions taken by insurers
during settlement negotiations
ƒƒ The ability to test the financial impact of varying
assumptions about legal uncertainties
ƒƒ An estimation of insurance asset value available to offset
current and potential future liabilities
ƒƒ Analysis of cash flow requirements
Specialized vendor selection
Selecting the specialized resources needed to address
asbestos claim issues. We can assist you in selecting:
ƒƒ National coordinating counsel
ƒƒ Local defense counsel
ƒƒ Coverage counsel
ƒƒ Third-party administrators
Our Asbestos Practice can be an effective partner to help
you deal with your asbestos liabilities and strengthen your
organization.
Contact
James F. Dorion
Head of Liability Claim Consulting & Carrier Relations
Integrated Casualty Consulting
M +1 203 908 1236
james.dorion@willistowerswatson.com
Sandra C. Santomenno, ACAS, MAAA
Director
Insurance Consulting and Technology
M +1 862 222 0234
sandra.santomenno@willistowerswatson.com