Kroll, a global provider of financial and risk advisory solutions, has announced two strategic moves to enhance its Fixed Asset Advisory Service (FAAS). The firm has appointed Lorna Harrington (pictured, left) as managing director in the UK to address underinsurance risks in the heritage real estate sector and has expanded its FAAS operations in the Asia Pacific (APAC) region under the leadership of newly appointed managing director Masha Lewis (pictured, right).
Harrington joins Kroll from Barrett Corp and Harrington, a firm she co-founded specializing in insurance valuations. A veteran valuations expert, she brings experience from major insurers and brokers, including Aon, Chubb, and AIG. With rising rebuild costs, Kroll aims to provide property owners with precise reinstatement cost assessments, particularly for historic and listed buildings, a news release highlighted.
“Property owners often rely on indexation for valuation. This approach is particularly risky for historic and listed buildings, where specialised expertise is essential for accurate reinstatement values. I am excited to join Kroll’s world-leading FAAS practice and deliver these valued services to our clients,” Harrington said.
“Many of the UK’s high-value complex properties require dedicated and specialised attention. Lorna’s unique blend of insurance market knowledge, RCA expertise and risk management skills position us to address a critical need in the heritage property market whilst expanding our service offerings in this sector,” said Rebecca Fuller, Kroll’s global fixed asset advisory service leader.
In APAC, Kroll has expanded its Fixed Asset Advisory Services (FAAS) to meet the increasing demand for asset valuations and risk management services in the region. The firm has appointed Masha Lewis to lead the division. Lewis, formerly a partner at PwC Australia, played a key role in developing the consultancy’s asset valuation practice.
“The evolving economic landscape, plus increasing infrastructure investments in Australia and across the wider APAC region, underscore the importance of regular and accurate fixed asset valuations,” Lewis said. “These independent, high-quality asset valuations are crucial for businesses to mitigate risk, ensure adequate insurance coverage, support financial reporting, and make informed investment decisions.”
Fuller noted that investor interest in APAC markets is rising. “This trend is set to continue. Clients are already asking for our support in this area, making it an opportune time to extend our valuation business,” she noted. “Masha has been a trailblazer in the market and her appointment is a critical step to grow our market-leading fixed asset valuation practice.”
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