Market Knowledge …
With many years of corporate experience, a professional staff with an average of 18 years’ industry experience and audits completed at over 200 ceding companies, MGAs and TPAs, Devonshire brings a unique blend of experience and market knowledge to a broad base of business lines and needs. Over the past 20 years, the firm has represented clients located in the U.S., London, Bermuda, Europe, Scandinavia and Japan.
Classes of business audited include:
- All Lines of Reinsurance
- Property and Casualty
- Specialty and Program Business
- Construction Risks
- Asbestos, Pollution and Other Toxic Torts
- Professional Liability
- Medical Malpractice
- Workers’ Compensation
- Marine and Aviation
- Life and Health
Audit teams are tailored to the client’s needs and the nature of the business to be reviewed. Teams are constructed using a multi-disciplined approach covering the key areas of the audit. Devonshire’s experienced staff has an excellent working knowledge in the London Market and U.S. in the areas of business management, accounting, contract compliance, claims and analysis of data.
Devonshire has many years experience analyzing data and conducting audits of asbestos claims of policyholders and insurers. Audits have been performed on behalf of a number of U.S. and London insurers and reinsurers. Devonshire’s auditors also are available to provide fact and/or expert testimony should resolution involve arbitration or litigation.
Devonshire specializes in operational reviews of ceding companies and third party administrators. Contract compliance, systems and the quality and accuracy of claims processing are reviewed in an environment of maintaining good business relationships.
Devonshire also has substantial experience with the Bermuda market, including captives, professional reinsurers and older run-off liabilities.
Audit experience includes:
- Insurers and Reinsurers
- Self-insureds and Aggregate Retentions
- Third Party Administrators
- Dispute Resolution Support
- Alternative Risk Transfer
- Due Diligence
- Claims Workflow Studies
- Operational Reviews
Devonshire specializes in audits geared toward commutations of discontinued lines of business. For more information, please contact Devonshire at (714) 285-1500.