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Frederick J. Kohm, Jr.
CPA, CFF
Partner, Forensic and Valuation Services
Fred Kohm is a Partner in Grant Thornton LLP’s
Forensic and Valuation Services practice and is
located in Philadelphia.
Experience
Fred provides his clients with advisory, forensic
accounting and litigation support services. He has
performed these services on behalf of boards of
directors and audit committees, governmental
agencies, insurance companies, and reinsurance
companies, which are active, as well as in run%off,
rehabilitation and liquidation.
Fred’s advisory, forensic accounting and litigation
support experience includes providing both
consulting and expert witness services to his
clients, working with litigators and general
counsel, in the normal course of business as well
as in venues such as arbitration, mediation, and
federal and state court.
Representative Experience
Litigation Support
• Performed review and analysis of documents,
prepared expert report and testified on behalf
of large US Reinsurance Company in a dispute
with a company in rehabilitation. The litigation
involved issues of fraudulent conveyance,
deepening insolvency and demand for
rescission of reinsurance contracts.
• At the request of the board of directors,
reviewed documents, prepared analysis, and
authored expert report. Work product was in
support of client claim against a former CFO
who stole Company funds and started a
competing business. Supported district attorney
in criminal prosecution of defendant.
• Prepared expert report in rebuttal of a significant
claim submitted against a public utility, alleging
millions of dollars in damages, resulting from the
alleged failure to perform certain duties. During
the course of engagement, was asked to provide
deposition testimony in support of calculations
and expert report.
Reinsurance Arbitration Support
• Engaged by Insurance Carrier to perform
calculations and work product during the course
of reinsurance arbitration. Matter involved a
reinsurer who failed to make payment on
significant claims involving quota share,
aggregate excess and specific excess treaties.
• During a dispute between two carriers
involving more than a billion dollars in renewal
rights, provided analysis of expense items and
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reinsurance recoverable. The disagreement
involved the reporting of certain items which
involved interpretation of statutory accounting
and generally accepted accounting principles.
Forensic Accounting
• Prepared report and supporting calculations in
investigation of managing general agent who
allegedly embezzled millions of dollars from
insurance company premium accounts. Assisted
authorities with the prosecution of owner of
managing general agency.
• Provided forensic report and analysis, on behalf
of Department of Insurance Liquidation Office,
of Insurance Company and ownership group,
alleged to have laundered a significant amount
of money through its operations into various
assets and offshore investments.
Due Diligence
• Assisted insurance company in the due
diligence of potential acquisition of insurance
company and renewal rights of large book
of business
• Engaged to prepare for management of an
Insurance Company a report on the major risk
factors involved in the potential purchase of
troubled insurance carrier. Performed targeted
analysis of select balance sheet items, key
relationships, and reinsurance treaty.
• Performed, and lead team performing due
diligence of managing general agent on behalf
of client expanding into new geography and
product offering
Business Advisory
• Lead a team, which performed project
management and reconciliation of suspense
accounts, fiduciary accounts.
• Provided interim CFO services to Property and
Casualty Insurance Company, including month
end close, quarterly close, budgets,
reconciliations and financial statement
preparation. Responsibilities included
interaction with regulators, intermediaries,
reinsurers and actuaries.
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All rights reserved
U.S. member firm of Grant Thornton International Ltd
• Performed, and led teams performing,
managing general agent, professional
employer organization and third)party
administrator audits.
• Prepared, and lead teams preparing various
schedules, reconciliations and analysis to
insurance clients in ‘run)off’, including
reinsurance billing, commutation assistance,
and data integrity testing.
Professional qualifications and
memberships
• Certified Public Accountant (CPA)
• Certified in Financial Forensics (CFF)
• American Institute of Certified
Public Accountants
• Pennsylvania Institute of Certified
Public Accountants
• Pennsylvania Institute of Certified Public
Accountants Insurance Committee
Presentations and publications
• Smart Business Advisory and Consulting, LLC:
“Forensic Accounting and Litigation Support
Development Series,” continuing ed., 2003 ) 2010
• Philadelphia Bar Institute: “Insurance Issues and
Considerations in Business Transactions,” 2009
• “Acquiring Runoff Business Needs Proper Due
Diligence”, Business Insurance, June 2007
• “Staying Ahead of Fraud”, Claims Magazine, 2007
• SMART/ NLDH Reinsurance Conference:
“Financial Controls for Insurance and
Reinsurance Companies;” “Reinsurance
Panel Discussion – How to Choose Your
Arbitrator,” 2006
• International Association of Insurance Receivers,
“Reinsurance Panel Discussion – Do’s and Don’ts
of an Arbitration or Mediation,” 2005
Education
Millersville University, BS Accounting
Contact details
2001 Market Street,
Two Commerce Square, Suite 3200
Philadelphia, PA 19103
T: 215.376.6040
F: 215.561.1066
Frederick.Kohm@us.gt.com
V*card
Frederick J. Kohm, Jr.