Niche Expertise > Insurance Industry Since the inception of Johnson Lambert & Co. the Insurance Industry has been a focus of our practice. This has enabled us to distinguish Johnson Lambert & Co. as possessing a unique depth of expertise specifically relevant to the needs of our Insurance Industry clients. Our business approach is to provide services that will creatively meet each organization's unique needs. Accordingly, in addition to traditional financial statement audit and tax services, we provide our Insurance Industry clients with a broad array of customized non-traditional services. The Insurance Industry is unique in that most 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 and reinsurance transactions including risk transfer issues, prospective and retroactive contracts and experience rated features. The captive and alternative risk market has developed as a niche within a niche at Johnson Lambert & Co. We are Internationally recognized as a leader in this market. Our Burlington, Vermont office oversees services to captive insurance companies and alternative risk mechanisms domiciled in numerous jurisdictions. Various State insurance regulators engage Johnson Lambert & Co. for the outsourcing of regulatory financial and market conduct examination services. Johnson Lambert & Co. was ranked as the overall #10 audit firm serving the insurance industry in North America per the A.M. Best Special Report, 2007 Directory Rankings - Insurance Auditors and Actuaries of North America. The A.M. Best report reflects the activity of only 54 of our insurance audit clients. We believe our market share to be even higher as a significant portion of our risk bearing insurance client base is in the alternative risk segment of the industry, including captive insurance companies, pools and trusts, many of which are excluded from the population covered by the A.M. Best Special Report. A full copy of the report is available through the following link – A.M. Best Special Report.