Insurance broker Willis, a WTW business, has established a newly created Forensic Accounting & Valuation Services team, expanding its valuation capabilities globally.
As part of the expansion, James Adams, a senior valuation expert in Great Britain, joins Risk and Analytics at Willis from Marsh. Additionally, Ken Giambagno will transition to the role of Senior Advisor, as Jason Lelio has been named the Head of Global Forensic Accounting and Valuations Services.
Previously known as Forensic Accounting and Complex Claims, the team has rebranded as Forensic Accounting & Valuation Services (FAVS), which will be part of Willis’ Risk & Analytics business.
The restructure reflects the expansion of cross-border and collaborative services provided by the team across the Risk and Analytics business, explained the firm.
Willis said that by combining data, advanced analytics, and technology-enabled consulting solutions, clients can achieve more comprehensive and accurate valuations, moving the proposition beyond its claims capabilities.
The team also continues to focus on providing insurance claim quantification and preparation services, as carriers and underwriters are increasingly focusing on the accurate submission of total insured values, tying post-loss recovery to the values reported.
Lelio commented, “We are thrilled to welcome new members to the FAVS team. We are energised by the fresh perspectives and valuation expertise coming into the global team, driving innovative and specialised solutions for our clients.”
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