TAL is the spin-off company created on the back of Tawa plc, a group formed in 2001 by former members of the Insurance Restructuring team of PwC with the purpose of acquiring or developing assets and business in the insurance industry. The TAL team regroups the founding partners of Tawa plc.
TAL currently has two run-off risk carriers under management: CX Reinsurance Company Limited and Island Capital Limited.
Through Amberley, TAL manages a Reinsurance Debt portfolio (distressed asset class) which carries (re)insurance assets, primarily in the form of
- future dividend streams from insolvent (re)insurance estates ("Policyholder benefits");
- residual debts (to facilitate closure of insolvencies)
- other reinsurance recoverables.
TAL also supports a Managing General Agent (MGA), Lodestar Marine.