BDO USA Expands Risk & Recovery Services
BDO USA Expands Risk & Recovery Services
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Mark Millard Joins BDO to Lead New Insurance Risk Advisory Group
Chicago, IL — BDO USA, LLP, one of the nation’s leading accounting and advisory firms, today announced the appointment of Mark Millard as Managing Director and leader of the newly-created Insurance Risk Advisory group in the firm’s Forensic Investigation & Litigation Services practice.
Mr. Millard brings more than 20 years of insurance risk management experience to his new role, where he will work with organizations to evaluate and optimize their insurance risk management programs to eliminate coverage gaps while minimizing costs. He will report to Clark Schweers, BDO’s Forensic Insurance & Recovery practice leader.
The new Insurance Risk Advisory group provides integrated services across three pillars: insurance risk program design and policy evaluation; claims advisory and compliance management; and insurance vendor management. Led by Mr. Millard, the team will help organizations quantify their total cost of risk leveraging advanced analytics, develop an efficient risk management framework, negotiate and structure insurance products with multiple vendors to maximize cost savings, and streamline claims management processes. The practice also offers insurance risk management co-sourcing and outsourcing.
“New complexities in the risk and regulatory environment continue to drive up the financial and reputational cost of risk and insurance, requiring a multi-faceted and dynamic approach,” said Tim Mohr, national leader of BDO’s Forensic Investigation & Litigation Services practice. “Mark’s extensive insurance risk management experience and innovative, solutions-oriented methodologies will help clients bridge the gap between risk and risk management.”
Prior to joining BDO, Mr. Millard served as a principal in the risk solutions practice at EPIC Insurance Brokers & Consultants, leading their complex risk insurance team. He previously spent nearly ten years in the Insurance Risk and Claims Practice of a large professional services firm, where he led insurance risk program assessments and a wide range of specialty projects, including the development of an insurance purchasing framework; authoring a manual to negotiate insurance provisions in contracts; and M&A due diligence. Earlier in his career, Mr. Millard developed his technical insurance risk management skillset as an insurance risk manager and analyst at UBS, Lendlease and KMC Telecom. Mr. Millard is a graduate of Montclair State University and holds the Associate in Risk Management designation.
“The role of insurance risk management in risk mitigation and operational efficiency is often overlooked, creating potential gaps in the risk treatment strategy with increased cost implications. We help our clients map the risk landscape and strategically utilize insurance products to bring certainty at optimized costs,” said Mr. Millard. “I look forward to working side-by-side with BDO’s risk and recovery professionals to deliver holistic risk management solutions.”
About BDO USA
BDO is the brand name for BDO USA, LLP, a U.S. professional services firm providing assurance, tax, and advisory services to a wide range of publicly traded and privately held companies. For more than 100 years, BDO has provided quality service through the active involvement of experienced and committed professionals. The firm serves clients through more than 60 offices and over 650 independent alliance firm locations nationwide. As an independent Member Firm of BDO International Limited, BDO serves multi-national clients through a global network of over 80,000 people working out of 1,591 offices across 162 countries.
BDO USA, LLP, a Delaware limited liability partnership, is the U.S. member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. BDO is the brand name for the BDO network and for each of the BDO Member Firms. For more information please visit: www.bdo.com.