The Reinsurance Audit Services of Alan Gray LLC provides a wide array of services to domestic and foreign Ceding Companies and Reinsurers. Audits cover excess of loss and quota share contracts for all business lines including environmental, mass tort, construction defect, and workers’ compensation. The audit staff is made up of seasoned professionals with expertise in Claims, Underwriting, Actuarial, Systems, and Accounting.
A purchaser of a global reinsurance book utilized Alan Gray after the transaction to review the quarterly reinsurance accounts, verify that all reported loss dates fell within the transaction period, determine that all recoveries were credited to the gross paid amounts prior to the application of reinsurance and that all available reinsurance was applied. Sampling less than 20% of the book, Alan Gray was able to identify in excess of $15M of payments made outside the transaction period.