Adrienne Kouwenhoven joins as Head of Forensic Advisory Services in Asia

SINGAPORE – 21 October 2015 – Cunningham Lindsey, a leading global loss adjusting and claim management company, announced today that Adrienne Kouwenhoven has been appointed Partner and Head of Asia of Forensic Advisory Services (FAS), an independent division that specialises in the quantification of business interruption and financial losses relating to insurance claims, as well as providing litigation support and expert witness services.

Adrienne will lead the FAS business in Asia, servicing both insurance and legal clients across the region. In addition, she will drive the expansion of FAS’ business in the region, working closely with Cunningham Lindsey’s Major and Complex Loss team.

Adrienne brings over seventeen years of experience in quantification of economic losses and damages worldwide. Apart from business interruption, her expertise includes fidelity guarantee, product recall, stock losses, fraud investigations, delayed start-ups, interdependency losses, both in the insurance and the litigation arena.

She also has extensive leadership experience having previously been a Partner at RGL Forensics Singapore. Having worked in Asia for more than ten years she has an extensive network of clients and business contacts both in Singapore and across Asia.

Adrienne has testified as an expert witness in arbitrations in Singapore, Hong Kong and the Netherlands. She has written articles for industry magazines and given talks on business interruption and fraud investigations. She is an English Chartered Accountant, and is fluent in several languages including Japanese.

Kimberley Daley, Head of Forensic Advisory Services said:

“I am delighted that Adrienne has agreed to lead our business in Asia. She brings exceptional expertise and experience in forensic accounting in both litigation support and insurance matters, which will add a new depth to our team in Asia. Her language skills and cultural and business knowledge of Asia and Japan will be very valuable attributes in helping us to develop our business across the region.”

Adrienne Kouwenhoven, said:

“This role at FAS is an exciting opportunity to expand on my experience working in Asia. Forensic accounting is playing an increasingly important role in the claims process, and I am looking forward to building and developing the FAS team in Asia.”

About Cunningham Lindsey and Forensic Advisory Services (FAS)

Cunningham Lindsey is a leading independent claims adjusting service company, providing a wide range of claims adjusting and claims management services including commercial property and liability, personal lines, transportation fleet, accident benefits, third party administration and environmental assessment and remediation. Our global operating platform consists of over 7000 employees in more than 65 countries, including leading positions in most major economies across five continents.

Forensic Advisory Services (FAS), a division of Cunningham Lindsey, is a specialist forensic accounting firm and does not offer public accounting services. Further information can be sourced fromwww.cunninghamlindsey.com or www.forensicadvisoryservices.com.

The FAS Focus – Edition 3

In this issue of the FAS Focus, Pablo Diago, Senior Manager, from Singapore discusses how a forensic accountant can assist with early assessment of mitigation options by providing robust business case analysis.

In our second article, Paul Russell, Partner, from Sydney looks at the various forms of accounting evidence and admissibility within the Australian legal system; contrasting between expert evidence of fact and expert evidence of opinion.

With this issue we also welcome a new Director, Daniel Djanogly who has recently joined FAS in our London, UK office.

Click here to download The FAS Focus – Edition 3

Mitigating the impact of business interruption


Overview
Expert in this field

Mitigating the business interruption loss involved modifying the production layouts at the policyholder’s other facilities.

Once the production line was ready to resume operation Forensic Advisory Services deemed the most effective mitigation measure was to continue manufacturing the non-exclusive tiles at the other facilities for a few weeks, while solely dedicating the damaged facility to producing the exclusive product.


  • The Challenge:

    The insured manufactured four different types of ceiling tiles at the affected production plant. Although three of these could be produced in its other premises, a fourth was exclusive to the manufacturer and could only be produced at the damaged facility. As some of the plant’s tiles could only be produced at that site, early estimates for the business interruption loss ranged from $8m to $12m.

  • The Solution:

    To mitigate the business interruption loss to best effect so that the insured could continue to supply its non-exclusive tiles to market while also enabling it to resume production of its exclusive product as quickly as possible.