Had a presentation in Ipswich today and towards the end our - TopicsExpress

Had a presentation in Ipswich today and towards the end our presenter said he would recap for everyones benefit. Now to me that is a special word, albeit an acronym in capital letters. RECAP. My speciality is in reinsurance run-off. In other words when a policy expires it doesnt just die but attracts losses attaching to the specific contract year but which are reported in later years. When I came to Willis in Ipswich my team was called simply Treaty Run-Off but that wasnt much liked and the team was asked to come up with a title that excluded Treaty and Run-Off. My friend and colleague Beryl Andrews put forward Reinsurance Continuation Accounting & Processing. As her Manager I said RECAP. Beryl won the prize for best name and since 1990 that acronym has meant a lot to me even though RECAP ceased to exist in the late 90s..

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