Investigations / Compliance Consulting

Solvency Evaluations

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

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Our financial forensics experts perform in-depth investigations to determine when, and to what extent, entities were insolvent, and assist management, regulatory agencies, and/or their counsel in determining the cause of the entities’ failure.

Through comprehensive analysis and knowledge of regulatory processes and governing accounting standards, our team provides specialized expertise in the evaluation of a company’s ability to meet its debts. We investigate the causes of insolvency and perform liability, causation, and damages analyses related to directors, officers, accountants, actuaries, and other consultants.

Our Services
  • Accounting for Complex Products
  • Analysis of Complex Reinsurance Arrangements
  • Analysis of Insurance Reserves & Reserving Practices
  • 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
  • Cash Flow Analysis
  • Evaluation of Assets
  • Evaluation of Capital Adequacy
  • Evaluation of Solvency
Our Subject Matter Experts
  • Certified Business Appraisers
  • Certified in Financial Forensics
  • Certified Fraud Examiners
  • Certified Insolvency & Reorganization Advisors
  • Certified Public Accountants
  • Certified Valuation Analysts
  • Chartered Financial Analysts
  • Data Analysts
Our Clients
  • Boards of Directors
  • Corporate Management
  • Law Firms
  • Special Committees of Public & Private Companies
  • State Insurance Departments
  • Trustees & Receivers
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
Featured Engagement:
Enron Solvency Investigation

Our experts were engaged to evaluate the solvency of a now-bankrupt energy conglomerate in one of the most high-profile accounting scandals in history. The engagement involved an examination of a portfolio of assets using varied techniques for fair value measurement at multiple dates. Our team’s analysis included the identification of both observable and unobservable inputs to determine fair market value while simultaneously considering complex structured financial instruments and any associated off-balance sheet liabilities.

Featured Engagement:
Failed Life Insurance Company Liquidation

Our experts were engaged by liquidators of several different failed life insurance companies to investigate causes of insolvency and perform liability, causation, and damages analyses related to directors, officers, accountants, actuaries, and other consultants. Our experts’ work has included review of accountants’ workpapers, pro forma financial statements, and damages calculations. Our experts have also provided expert testimony.

 
Featured Engagements
 
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