ALAN GRAY LLC
BOSTON, MA

About Alan Gray LLC Alan Gray LLC was established in 1988 as a claims and audit advisory firm, and over the years has built a reputation as a cost effective, reliable and trusted resource to those involved in the management of risk. Providing operational and business processing services, and consulting on risks and exposures from the simple to the most complex, we place the utmost emphasis on client service and satisfaction. We have become an adviser and partner to a client base that includes major insurers and reinsurers, Fortune 500 companies, law firms, MGAs, brokers and captives. Our goal is to help our clients realize significant bottom line savings as a result of our highly experienced technical staff, our ability to adapt quickly to situational changes, and our commitment to staying current with the latest industry information and advances in technology. We work hard to identify new areas in which we can further assist our clients in achieving their business objectives and as a result we’ve identified new trends and opportunities for growth, and expanded our scope of solutions to meet them. We’ve grown in size, expanded our reach and continue to add new professional services to meet these emerging needs. Over the years, Alan Gray attracted the attention of and recognizing their tremendous growth and potential, acquired the firm in 2015. Vanbridge is an insurance intermediary, capital advisory and insurance and reinsurance management firm and is led by a unique inter-disciplinary team of industry experts and insiders. Joining Vanbridge represented another opportunity to scale to meet the demands of the industry and the needs of our valued clients. , a life insurance, executive benefits and financial advisory distribution firm. As a result of this remarkable combination, Vanbridge has effectively brought all of the services related to insurance, reinsurance and capital markets into a single organization, offering our clients and partners access to an extraordinary and complementary portfolio of products and services. The breadth of our experience is second to none and we continue to enjoy a favorable reputation in the industry for our expertise and our ability to consistently deliver results our clients can count on. An international property and casualty company needed a full review of all defense invoices on a rolling basis. By partnering to develop a comprehensive review system and overseeing the negotiation and appeals with the corresponding firms, the client saved 10-15% on all their legal costs within one year. Performed an underwriting audit, business plan and actuarial profitability analysis for potential investment in a Commercial Lines Underwriting company as requested by a Venture Capitalist firm. Contracted to provide Quantitative Services in a complex hazardous waste litigation. The staff worked with counsel to develop and employ a decision tree analysis in conjunction with a number of standard allocation modeling runs, to value their settlement options. After factoring in the appropriate coverage discounts, the client was supplied with a working model in which they were able to change the probabilities of success/failure at their discretion. The result was a favorable settlement where the insured paid approximately 10% of their exposed limits, 75% less than originally demanded. Claims Identified as Non-Products A global insurer requested a comprehensive audit and analysis of claim files and related jobsites to develop a model for non-product allegations. The insured was a distributor/contractor but was billing all losses as products. The audit identified a significant percentage of claims as non-products. The client was able to utilize this information to negotiate a settlement that resulted in savings of over $10,000,000. "Alan Gray LLC (AG) conducted a wide-scale audit of various loss items, including property and business interruption losses, third party claims and legal expenses as well as expense verification. AG was able to deploy a team at short notice and produced a comprehensive report and back-up documentation. AG’s work greatly facilitated the process of identifying items that fell to be covered and underlying settlements that were reasonably concluded as well as identifying loss items that were open to dispute. The end result for the client was a very substantial saving off the amount presented by its insured. Throughout, I found AG to be very responsive." "Alan Gray LLC (AG) worked with our organization to set up and manage a legal bill review and audit that has been very successful. The staff at AG worked together with us to develop a process that was fair and reasonable and was inclusive of our adjusting staff and our legal business partner. The appeal process AG put in place for our legal business partners works and our adjusting staff can opine on any special circumstances concerning a specific case. I highly recommend AG. Their staff works with us and they all have strong skill sets. They have the experience to problem solve and the desire to work with you to develop what you want. Throughout, I found AGI to be very responsive, professional and courteous and they certainly added great value in terms of the end product." "We worked closely with Alan Gray LLC (AG) on many projects including a pharmaceutical mass tort, which later became a class action and involved claims well into the eight figure range. While this litigation was high stress and high profile, their support and claim management was of the highest quality. While the insurance industry has many excellent professionals, there are very few who have the depth of experience and quality intellectual analysis expertise that can rival AG."