Dempsey Partners and Tokyo Kyodo Accounting Office Form Joint Venture in Japan to Quantify and Resolve Property and Business Interruption Claims

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Dempsey Partners LLC, a professional services firm that provides catastrophic insurance claim recovery assistance to corporate risk managers, and Tokyo Kyodo Accounting Office, a Tokyo-based affiliate of RSM International, the world’s sixth largest accounting firm, announced the formation of a joint venture to help companies quantify and resolve property, business interruption, and supply chain claims arising from the March 11 earthquake and tsunami.

We are pleased to make available in Japan our specialized loss accounting services, and to combine our unique expertise with the world-class services of Tokyo Kyodo Accounting Office full-time throughout the loss adjustment process.

Dempsey Partners LLC, a global provider of loss accounting and catastrophic insurance claim recovery assistance to corporate risk managers, today announced the formation of a joint venture with Tokyo Kyodo Accounting Office, a Tokyo-based affiliate of RSM International, the world’s sixth largest accounting firm. The joint venture will provide professional loss accounting services in Japan to help risk managers and financial executives of companies affected by the March 11 disaster measure and maximize the recovery of insured property and business interruption claims, as well as quantify non-insured losses for compliance and reporting purposes.

“While our thoughts remain with those who suffered such tragic losses, we are pleased to contribute to the recovery effort by making available in Japan our specialized loss accounting services, and to combine our unique expertise with the world-class services of Tokyo Kyodo Accounting Office full-time throughout the loss adjustment process,” said John D. Dempsey, Managing Partner. Under the supervision of a Dempsey Partners senior leadership team, joint venture professionals will provide hands-on services in Japan to organize the loss assessment process, work with client management teams to expedite claim preparation, and interface with adjusters and experts engaged by insurance carriers to properly document and resolve property and business interruption loss amounts.

“I am pleased and very excited about our relationship with Dempsey Partners,” said Ryutaro Uchiyama, Managing Partner of Tokyo Kyodo Accounting Office. Under the agreement, TKAO will provide experienced CPAs and other professionals to assist with important aspects of claim preparation assignments, including the investigation of the facts and circumstances of each loss, facilitating communication between Japanese businesses, parent companies, and insurance carriers, and collaborating with Dempsey Partners professionals to ensure the successful resolution of submitted claims.

Dempsey Partners serves corporate clients worldwide in the transportation, healthcare, technology, energy, communications, manufacturing, and financial services industries. Since 1982, the company’s professionals have assisted in the recovery of over $12 billion in insured property and business interruption losses on five continents. Among the company’s clients are 25 Fortune 100 corporations. http://www.dempsey-partners.com

Since its founding in Tokyo in 1993, Tokyo Kyodo Accounting Office, with 200 professionals on staff, has provided first class accounting services using a highly-trained and experienced team of certified public accountants, consultants and experts drawn from various fields. Its clients include Japanese and international financial institutions, major multinationals in a broad cross-section of industry, venture firms, and public foundations. http://www.tkao.com

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