The BSSF Property and Casualty Insurance Group is one of the largest practices in the Mid-Atlantic region to service the insurance industry. The insurance team is comprised of seasoned professionals and specialists that provide a full range of audit, tax and advisory services to the property and casualty insurance industry.
Our team members have extensive knowledge of the unique and complex financial demands of the insurance industry. We have significant experience with statutory accounting principles governing the insurance industry and generally accepted accounting principles (GAAP), which are specific to the insurance industry. Our team of insurance tax specialists is well versed in the unusual aspects of insurance taxation at the federal and state level.
We monitor the activities of the various state Insurance Departments, NAIC, AICPA and IRS to keep abreast of current developments affecting the insurance industry. We communicate significant new developments to our clients and are available to help them assess the impact of such developments on a company’s statutory and GAAP financial statements, financial and tax reporting or operating procedures.
Our Firm has an affiliation with M&A Advisory Group, LLC, a multi-disciplined management and consulting firm. M&A has worked with various entities in the financial services industry providing strategic planning, CFO outsourcing, bankruptcy reorganization, merger and acquisition, captive management and capital modeling and planning services.
BSSF was recently ranked as the #8 audit firm serving the property and casualty industry in the United States per the A.M. Best Special Report: Insurance Auditors & Actuaries of North America issued in January 2008. This ranking is based upon the net premiums written by our clients. The report also lists BSSF as #10 in the country for total number of audit clients served in the insurance industry.
The following is a list of specific insurance services that we provide to our clients:
- Statutory and GAAP audits
- Statutory annual and quarterly statement preparation
- Federal and state tax return preparation
- Tax planning
- Reinsurance analysis
- Strategic planning
- Accounting consulting and financial modeling
- Agency audits
- Due diligence
- Corporate compliance reviews
- Forensic investigations
- Regulatory consultation
- Financial analysis
- Mergers and acquisitions
- Management advisory services
- Representations with state regulators
- Representations with A.M. Best
- Speaking engagements for insurance industry groups
For more information about what the BSSF Property and Casualty Insurance Group can do for your insurance company, please contact any of the insurance team members listed below:
Ronald R. Bryant, CPA, Principal, Director of Tax Department
Scott A. Esworthy, CPA, Principal
Henry J. Straub, CPA, Principal |
