(Ranked 14th largest audit practice in U.S. serving the property and casualty industry per the 2008 A.M. Best Special Report: Insurance Auditors & Actuaries of North America.)
The BSSF Property and Casualty Insurance Group is one of the largest practices in the Mid-Atlantic region to service the insurance industry. Our insurance clients range in size from $1 million to $100 million in direct premiums written.
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 levels.
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 11th audit firm serving the property and casualty industry in the United States per the 2008 A.M. Best Special Report: Insurance Auditors & Actuaries of North America. 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 property and casualty insurance audit clients served in the insurance industry.
The following is a list of specific insurance services we provide: