Loss portfolio transfers ... focus on timing risk are often indispensable in mergers and acquisitions avoid costly and lengthy run-off activities pertaining to losses smooth the underwriting results...

Loss portfolio transfers ...

1. 
   

   focus on timing risk

   
   


2. 
   

   are often indispensable in mergers and acquisitions

   
   


3. 
   

   avoid costly and lengthy run-off activities pertaining to losses

   
   


4. 
   

   smooth the underwriting results of the insured.

   
   

Choose the correct combination:

1. 
   

     a,b,d

   
   


2. 
   

    a,b,c

   
   


3. 
   

    a,b

   
   


4. 
   

   a,b,c,d