Reinsurance Industry Expert for Professional Malpractice Case

A reinsurance industry expert was needed for a case alleging professional malpractice and breach of fiduciary duty. An automobile insurance company entered into a quota share agreement via its reinsurance broker. The automobile insurance company alleged that the reinsurance broker failed to cancel the quota share agreement when requested, resulting in a loss of millions of dollars.

IMS ExpertServices™ was asked to locate a reinsurance industry expert to consult on the issues of professional malpractice and breach of fiduciary duty on the part of the reinsurance broker. Specifically, an expert was requested with the expertise to assess the economic impact of the reinsurance broker's failure to terminate the quota share agreement on the automobile insurance company.

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Forensic Accounting Expert

This reinsurance industry expert has over 40 years of experience in the accounting industry. He is the founder of a firm that provides forensic accounting services and economic damages analyses in legal and business matters. This expert has lectured extensively to various insurance, professional and industry groups on a wide variety of topics, including reinsurance, risk management, and loss valuation. He has extensive experience in business valuation and evaluation of economic damages involving contracts such as the quota share agreement. He has a degree in Business Administration and is a Certified Public Accountant, CPA. IMS Reference #5007031

Insurance Expert

This reinsurance industry expert has over 27 years of experience in the insurance industry, encompassing reinsurance, life, and property and casualty insurance. As a management consultant with his own firm, he has worked with numerous large and small enterprises in reinsurance, life, and property & casualty insurance, as well as with financially troubled insurance companies. He has prepared numerous business valuations for insurance agencies in the course of mergers and acquisitions. He is a certified public accountant and was director of a local chapter of the Financial Executive Institute, FEI. IMS Reference #5007276

Economics Expert

This expert on the reinsurance industry is the co-editor of three volumes of collected papers on economic damages in insurance. An economist with over 25 years of experience, he has worked extensively in the application of economic and financial models for property and casualty insurance issues. His assignments have spanned a wide variety of subject areas and lines of business, including quota share agreements involving reinsurance brokers. He has B.S., M.A. and Ph.D. degrees in economics. IMS Reference #5007309