In 2003, Royal and SunAlliance announced it was selling the renewal rights for the majority of its businesses to Travel Property Casualty Corporation. Closing R&SA branch offices exposed a very high risk of losing Reinsurance documents. NouvEON responded to the problem by successfully completing the contract recovery and inventory project. An inventory management process was created by NouvEON to provide R&SA with an accurate and current contract inventory, the ability to quickly locate and reference necessary agreement, and the support to recover billions of dollars in ceded Reinsurance recoverables.
