Forensic Accounting

Insurance Insolvency / Bankruptcy Litigation

J.S. Held’s Inaugural Global Risk Report Examines Potential Business Risks & Opportunities in 2024

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We are retained to provide expertise in litigation involving the insurance and reinsurance industries, including cases of insurance company bankruptcy and insolvency.

Through decades of experience, comprehensive analysis, and knowledge of regulatory processes and governing accounting standards, our team offers specialized expertise in the evaluation of the causes of insolvency and resulting impacts related to property and casualty, life, and health insurance entities. This includes performing liability, causation, and damages analyses related to directors, officers, accountants, actuaries, and other third parties and consultants.

Our Services
  • Accounting for Complex Financial & Insurance Products
  • Analysis of Complex Reinsurance Arrangements
  • Assessing the Causes of Financial Distress, Bankruptcy and/or Insolvency
  • Assessing the Conduct of Third Parties that Potentially Caused, or Failed to Prevent, the Financial Hardship of the Distressed Company
  • Complex Corporate Structure Analysis
  • Determining Whether & to What Extent an Entity is Solvent
  • Evaluation of Asset / Liability Matching
  • Evaluation of Insurance Reserving & Pricing
  • Finite Reinsurance Evaluations
  • Investigating Fraud & Other Misconduct by Management or Employees
  • Life Reserve Reporting & Assumptions
  • Performing Analysis & Evaluation of Potential Fraudulent Conveyance & Preferential Transfer, Clawbacks & Other Matters of Asset Recovery
  • Risk Based Capital Evaluations
Our Subject Matter Experts
  • Accredited Business Valuation Experts
  • Certified Financial Forensics Experts
  • Certified Fraud Examiners
  • Certified Insolvency & Restructuring Advisors
  • Certified Licensing Professionals
  • Certified Public Accountants
  • Chartered Financial Consultants
  • Commercial Litigation Consultants
  • Data Analysts
  • Digital Forensics Experts
  • Economists
  • Forensic Accountants
  • Testifying Experts
Our Clients
  • Guarantee Associations
  • Insurance Companies
  • Law Firms
  • Liquidators
  • Receivers & Trustees
  • Regulators
  • Reinsurance Companies
  • State Insurance Departments
Insurance Company Financial Solvency Investigations

Our subject matter experts have evaluated when, and to what extent, entities were insolvent in connection with many of the largest insurance company failures in U.S. history, including:

  • Baldwin-United Corporation
  • Executive Life Insurance Company
  • Fidelity Mutual Life Insurance Company
  • Insolvencies Related to the Affordable Care Act
  • Kentucky Central Life Insurance Company
  • Mentor Insurance Company
  • Mutual Fire, Marine & Inland Insurance Company
  • Reliance Insurance Company

We have been engaged to investigate causes of insolvency and perform liability, causation, and damages analyses related to directors, officers, accountants, actuaries, and other consultants. Our work has included review of accountants’ workpapers, pro forma financial statements, damages calculations, and providing expert testimony.

Featured Engagement:
Fraudulent Transfer Dispute for International Insurance Company

Our experts were engaged on behalf of an international insurance company regarding a dispute arising from claims of fraudulent transfer and involving complex business transactions including evaluation of a billion-dollar reinsurance agreement, issues of asset valuation, and goodwill and impairment thereof. Services delivered also included providing deposition and trial testimony.

Featured Engagement:
Property & Casualty Insurance Company Looting

Our experts were engaged to assess the damages suffered in connection with the liquidation of a property and casualty insurance company. Our experts analyzed and reconstructed millions of dollars of transfers of funds through multiple entities, and for multiple alleged purposes, in connection with allegations of post-acquisition looting by civil and criminal defendants. In addition, our experts analyzed the investment portfolio to determine what the portfolio could have been expected to yield based on a reallocation of asset classes and earning rates given appropriate investment decisions. Our experts also provided deposition testimony.

Related Insights

Our insights cover a variety of topics impacting businesses, society, the economy, and the environment. Check out our latest white papers, research reports, educational seminars, industry speaking engagements, and perspective articles.

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