Audits, Reviews and Inspections
With many years of corporate experience, a professional staff with an average of 18 years' industry experience and audits completed at over 150 ceding companies, Devonshire brings a unique blend of experience and market knowledge to a broad base of business lines and needs. Over the past 18 years, the firm has represented clients located in the U.S., Bermuda, London, Europe, Scandinavia and Japan.
Classes of business audited include:
Audit teams are tailored to clients' 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 U.S. and London markets in the areas of accounting, contract compliance, claims and analysis of data.
Devonshire’s claims, accounting and management professionals have many years experience conducting audits on behalf of insurers and reinsurers. Critical areas including contract compliance, claims cessions, reserving and premium and claims transactions may be evaluated and tested.
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. Many audits are conducted in a litigation support role, comprehensive statistical and narrative reporting followed by testimony, if needed.
Devonshire also has substantial experience with the Bermuda market including captives, professional reinsurers and older run-off liabilities.
Devonshire specializes in operational reviews of ceding companies and third party administrators and coverholder reviews for London Underwriters. Contract compliance, systems and the quality and accuracy of claims processing are reviewed.
Audit experience includes: