%20(1).png)
Leading risk and claims advisory firm selected successor pool manager to ETMC, administering legacy claims on behalf of participating stakeholders
BOSTON, June 10, 2025 /PRNewswire/ -- Alan Gray LLC, in conjunction with its wholly owned subsidiary A.G. Risk Management, Inc., has been appointed under a Pool Manager Agreement to serve as the successor pool manager for the Excess and Casualty Reinsurance Association (ECRA) and Carpenter Management Corporation (CMC) reinsurance pools.
The ECRA pool underwrote reinsurance business from 1950 to 1982, and the CMC pool from 1966 to 1982. Both portfolios include significant long-tail asbestos, pollution, and health hazard exposures. They were previously administered by Excess & Treaty Management Corporation (ETMC) under a run-off agreement in place since 1982.
Following ETMC's termination of services and exit from active management in 2024, Alan Gray was selected by participating pool members, intermediaries, and cedents to assume the contractual role of Pool Manager. Under the new agreement, Alan Gray will perform claim administration, financial coordination, and data management services related to the run-off of these legacy reinsurance portfolios on behalf of participating stakeholders.
Seth Patel, CEO of Alan Gray, stated: "We're honored to be entrusted with the stewardship of the ECRA and CMC pools. Our mission is to bring operational clarity, claims discipline, and a commitment to service excellence that supports all pool stakeholders."
Founded in 1988 and headquartered in Boston, Alan Gray provides audit, forensic accounting, and complex claims advisory services to the global insurance and reinsurance industries. Since joining Premia Holdings in 2018, the firm has expanded its capabilities in legacy runoff and liability management.
Bill O'Farrell, CEO of Premia Holdings, added: "This engagement highlights Alan Gray's strength in legacy claim administration and reinforces Premia's commitment to supporting complex run-off solutions."
For further information, please contact:
Massimo Colosi
Chief Operating Officer
396501@email4pr.com
617-426-6255
www.alangray.com
