One thing you can do as an actuary or accountant is resign. As a reinsurer, you can certainly refuse to deal with the company, which is what I’ve chosen to do when I felt there was an issue. I recall one
company that reinsured much of its business to an offshore reinsurer. The companies share **common ultimate ownership**. I requested financials for the offshore company and received a photocopy of a piece of lined paper with three words on it—assets, liabilities and surplus. Of course, the numbers next to the words proved that the assets exceeded the liabilities by an impressive amount. We chose
not to reinsure the company, which went into rehab a few years later.