With over 80 full time employees, we are proud of our talented and experienced team. Many of our experts have worked on the corporate side of the industry and bring a unique perspective to each engagement.
Our reputation as a cost effective, reliable and trusted resource to those involved in the management of risk is something we take very seriously.
We have been in business for over 30 years. What started as a small claims and audit advisory firm in downtown Boston, is now an international organization specializing in a variety of industry-specific offerings.
Alan Gray LLC
Alan Gray LLC
Review of Defense Invoices
An international property and casualty company needed a full review of all defense invoices on a rolling basis. By partnering to develop a comprehensive review system and overseeing the negotiation and appeals with the corresponding firms, the client saved 10-15% on all their legal costs within one year.
Due Diligence Review
Performed an underwriting audit, business plan and actuarial profitability analysis for potential investment in a Commercial Lines Underwriting company as requested by a Venture Capitalist firm.
Employee Theft
A technology-based manufacturer in Rhode Island claimed an employee theft loss of $1,100,000. The misappropriation was reconstructed and the claim settled for $600,000 totaling a savings to the insurance carrier of $500,000.
Decision Tree Analysis
Contracted to provide Quantitative Services in a complex hazardous waste litigation. The staff worked with counsel to develop and employ a decision tree analysis in conjunction with a number of standard allocation modeling runs, to value their settlement options. After factoring in the appropriate coverage discounts, the client was supplied with a working model in which they were able to change the probabilities of success/failure at their discretion. The result was a favorable settlement where the insured paid approximately 10% of their exposed limits, 75% less than originally demanded.
Claims Identified as Non-Products
A global insurer requested a comprehensive audit and analysis of claim files and related jobsites to develop a model for non-product allegations. The insured was a distributor/contractor but was billing all losses as products. The audit identified a significant percentage of claims as non-products. The client was able to utilize this information to negotiate a settlement that resulted in savings of over $10,000,000.
Many of our professionals have held corporate positions within the industry giving them a unique perspective.
We offer a variety of services to the insurance and financial services industries including data analytics and information technology.
We’re proud of the long term, trusted professional relationships we’ve developed with our clients.
Members of our committed Leadership team have been involved in the evolution and growth of the organization for over 20 years.
Given our size and culture, we price jobs fairly and competitively.
Paul M. Roach President proach@alangray.com