Entities burdened with complex, long-tail liabilities such as asbestos or pollution are often challenged by their unpredictability and the magnitude of their financial impact on their business.
Our professionals have been advising clients on complex mass tort/long-tail liability issues for more than two decades, with particular depth and breadth of experience relating to environmental, health hazard and asbestos liabilities – where we leverage our industry leading proprietary litigation and claims data and associated analytical forecasting models. We assist clients in a variety of capacities including understanding, quantifying, managing and mitigating the risks associated with these liabilities. Where circumstances and client objectives align, our risk mitigation advisory services can lead to advising clients on the development of custom risk transfer solutions.
PACE’s proprietary approach to asbestos liability estimation combines state-of-the-art research from the fields of medicine, epidemiology and demographics, including detailed labor statistics, with a thorough knowledge of the history and current status of asbestos litigation. We provide liability estimates for financial reserving, insurance valuation, M&A due diligence, alternative risk transfer and other purposes.
Our estimation modeling approach employs a consistent methodology but is flexible and can incorporate each client’s unique situation.
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