Himad is a Partner in KPMG Bermuda’s Audit practice, specialising in the insurance and reinsurance sectors. He joined KPMG in 2000 and transferred to the Bermuda office in 2006. With more than 26 years of professional experience, he has worked extensively with some of the firm’s most complex and significant audit clients, including SEC registrants, as well as small- and medium-sized property and casualty and life insurance companies.
He has extensive technical expertise in insurance and reinsurance accounting, with deep experience under US GAAP and IFRS, including leading IFRS conversion projects. His work within the life insurance sector spans term life, universal life, variable life, fixed and variable annuities, and equity-indexed annuities. Himad also manages complex PCAOB engagements involving risk transfer, business combination accounting, fair value of insurance liabilities, DAC/VOBA methodologies, and asset valuations, including hard-to-value instruments, alternative investments, and complex stock-based compensation arrangements.
In addition, Himad advises clients on SOX and internal control environments and supports SEC registrants with comment and comfort letters. He leads technical change projects relating to new accounting standards and maintains strong working relationships with the Bermuda Monetary Authority.