IRCOS, LLC

Insurance & Reinsurance Consulting & Outsourcing Services

P&C Consulting

Due diligence on behalf of a prospective buyer of an alternative risk transfer division of an insurer, quality control of a premium reconciliation project for an insurer in runoff, evaluation and assistance with commutation of a reinsurance treaty, review and analysis of micro-captive transactions.

 
Policy Reviews

Review of manuscript liability policies for a major insurer covering Fortune 500 companies to identify policy wording pertaining to a catastrophe exposure, Annotated manuscript policies drafted by brokers and utilized by underwriters of a major insurer, Analyzed the insurance program of a major international organization and proposed improvements.

 
Underwriting Audits 

Nationwide audit of policies covering electric power generation, oil and gas risks for an insurer.

 
Product R&D 

Researched and developed the system performance insurance concept in the US and London market for two insurers, researched and developed building guaranty insurance concepts for an insurer.

 
Arbitration & Mediation 

Umpire in a workers’ compensation insurance arbitration, which included medical expert testimony and two days of hearings, appointed arbitrator by a foreign reinsurer in an arbitration with a USA-based insurer.

 
Litigation Support 

Litigation consultant in several cases and expert witness on behalf of plaintiffs and defendants, including insureds, insurers, insurance agents and brokers in over 150 cases.

 
Areas of expertise:

Builder’s Risk Insurance
Business Interruption Insurance
Casualty/General Liability Insurance
Directors & Officers Liability Insurance
Errors and Omissions Insurance
Facultative Reinsurance
Fidelity
Inland Marine Insurance
Insurance Agent or Broker Errors and Omissions
Insurance Claims
Insurance Coverage
Property Insurance
Reinsurance Treaty
Rescission of Insurance Policies
Surety