Johnson Lambert & Co. LLP is the United States of America’s largest insurance-focused audit firm. For over two decades, Johnson Lambert & Co. LLP has demonstrated a commitment to meeting the specific needs of the insurance industry. From our newest professionals to our partners, we possess an unmatched depth of expertise to serve your organization.
The insurance industry is unique in that many insurance entities are subject to a unique and complex set of accounting principles, “statutory accounting principles”, in addition to generally accepted accounting principles. Our personnel are intimately familiar with the requirements and application of statutory accounting principles as well as the application of generally accepted accounting principles to insurance entities. In this regard we have significant expertise in addressing the accounting and financial implications of complex insurance, reinsurance, investment and business transactions and issues.
Our insurance industry client base includes commercial insurance companies (public and private), risk retention groups, captive insurance companies and other alternative risk entities. We provide audit and other assurance services to our insurance industry clients as well as tax compliance and consulting services. Additionally we prepare SSAE 16 (formerly SAS 70 Reports) for insurance service providers including claims administrators, underwriting administrators, managing general agents and captive insurance managers.
All of our eight offices serve the insurance industry. We are able to effectively provide services throughout the United States and selectively internationally as well.
In a recent study the Ward Group, the leading provider of benchmarking and best practices research studies to the insurance industry, released its findings from a benchmarking analysis of the independent public accounting firm retained by insurance companies to conduct their annual audit and Johnson Lambert is ranked #5. This ranking, based on the number of insurance companies audited, places Johnson Lambert immediately following the “Big-4” firms, solidifying Johnson Lambert as the nation’s largest insurance-focused audit and tax firm. The analysis was developed using insurance company responses to the general interrogatories in the 2009 year-end statutory filings. Over 3,360 property-casualty and life-health insurers were examined. Click Ward Report for a full copy of the report.
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