An established Family Insurance Company trading from the UK with a Gibraltar Re-Insurance Arm and Holding Company.

Upon the death of the principal, the family were uncertain how to proceed. A sale was considered but proved to be impractical and a wind down complicated by taxation and multi-jurisdictional activities.

Corelco were invited to lead the strategic review which, after presentation to the principal stakeholders, provided an agreed way forward. Value was locked into the business that enabled a controlled exit from its markets and wind down over several years.

A potential insolvent situation turned into a multi-million-pound return to the family in a taxation efficient structure.