Insurance

We understand the financial reporting, operating, and regulatory issues that affect insurance companies. Our large insurance clientele has allowed us to establish a core group of professionals within our firm that concentrate almost exclusively on serving insurance companies.

Our firm provides consulting services to our clients involving the complexities pervasive throughout the insurance industry. These services have typically involved the following areas:

• Sarbanes-Oxley Act
• Section 404 internal control risk assessment
• Documentation and testing projects
• Claims recovery projects
• Assistance in developing reinsurance models including evaluations of reinsurance contracts
• Assistance in structuring and recording portfolio assumption and reinsurance transactions
• Advising and assisting clients with mergers
• Conversions from fund status to stock company status
• Proxy tabulation
• Assessments and recoveries from second injury funds
• Forensic accounting services
• Matters involving solvency and receivership issues.

The Insurance Services Team, led by CPAs Canita Gunter Peterson, Stephan Andrews, Bill Ferguson, and Christopher Howell, combine specialized training, industry experience, and regulatory expertise to respond to our clients with professional and individualized service. In addition to providing services related to the performance of annual audit and tax services, we have also assisted clients in providing compiled annual and quarterly statutory filings, SEC filings, consulting CFO services, strategic planning, and representation on regulatory matters.

In addition, our Insurance Team hosts the annual FINREP Forum, a conference focused on education in financial reporting within insurance companies. This conference attracts CFOs and other members of accounting departments in insurance companies around the nation. Additional information on FINREP can be found at www.finrep.cpa.