The intersection of the legacy sector and the captive market, particularly the options available to exit a captive or reduce the liabilities on the balance sheet of an ongoing captive was the topic of the presentation entitled “Captive Finality Solutions.” Steve McElhiney, Senior Vice President & Director of Reinsurance, Artex chaired the panel of state regulators, … [Read more...] about Captive Finality Solutions
Summary of Events
Top Takeaways: “Understanding Mass Tort Liability Defeasance Transactions”
Simpson Thacher & Bartlett Restructuring Partner Michael Torkin moderated a panel titled “Understanding Mass Tort Liability Defeasance Transactions” for the AIRROC Summer Membership Meeting. Panelists included Simpson Thacher Corporate Partner Ben Schaye and Associate Jamie Fell, as well as Aaron Eisenberg, Managing Director at Evercore. The panelists discussed the current … [Read more...] about Top Takeaways: “Understanding Mass Tort Liability Defeasance Transactions”
Cyber Hype…
The last session of the 2023 Summer Membership Meeting education program was a presentation by Kenneth K. Suh and Alexander R. Cox of Locke Lord entitled Privacy And Cyber Exposures From The Collection Of Information. A video replay of this presentation is available in the AIRROC On Demand library. Key takeaways from this excellent presentation on the most up-to-date … [Read more...] about Cyber Hype…
Produced Water Claims – Making Waves for Legacy
Christopher De Carlo, Senior Technical Advisor, Environmental Insurance and Sandra Gaurin, Vice President – Client Services & Technical Support of the VERTEX Companies, LLC participated in a panel with Brian Margolies of Kaufman Borgeest & Ryan LLP to discuss legacy claims associated with produced water during the July 20, 2023 AIRROC Summer Membership Meeting. A video … [Read more...] about Produced Water Claims – Making Waves for Legacy
Embedding Racial Equity in the Insurance Industry
On April 21, 2021, AIRROC was thrilled to host a webinar during which a panel of experts in the field of diversity, equity and inclusion (“DEI”) convened for a frank discussion on racial equity in the insurance industry. The panelists were: Brett Carter, MBA, a Managing Director for The Jacobson Group's executive search team, where he manages C-Level, vice president and … [Read more...] about Embedding Racial Equity in the Insurance Industry
AIRROC Congratulates Joe Angelina and Melissa Navrot – Recipients of the 2019 Trish Getty Scholarship
AIRROC is please to present the 8th Annual Trish Getty Scholarship to two very deserving St. Joseph University students, Joseph Angelina and Melissa Navrot. AIRROC presented the Trish Getty Scholarship to two very deserving St. Joseph University students this year. The scholarship was founded to honor the contributions of AIRROC’s first Executive Director. … [Read more...] about AIRROC Congratulates Joe Angelina and Melissa Navrot – Recipients of the 2019 Trish Getty Scholarship
Do the Right Thing
It was a record breaking attendance at the AIRROC Spring Membership Meeting on March 5 & 6. Hosted at the offices of Norton Rose Fulbright in New York City, members held meetings and also heard from great education panels. Read on for highlights for this particular session. Doing the right thing is easy . . . isn’t it? Not always. When it comes to environmental … [Read more...] about Do the Right Thing
On-Demand, Usage-Based, and Micro Insurance
It was a record breaking attendance at the AIRROC Spring Membership Meeting on March 5 & 6. Hosted at the offices of Norton Rose Fulbright in New York City, members held meetings and also heard from great education panels. Read on for highlights for this particular session. Karen Borg and Randi Ellias of Porter Wright Morris & Arthur LLP moderated a panel discussion … [Read more...] about On-Demand, Usage-Based, and Micro Insurance
Bringing it in Bean Town: Boston Regional Education Day
AIRROC’s Boston Regional this year was co-hosted by Locke Lord and Pro. Held in the Prudential Center, the attendees learned from a diverse faculty and were treated to a keynote from Elizabeth Dwyer, Deputy Director and Superintendent of Banking and Insurance for Rhode Island. We also had an insightful presentation on Hurricane Maria and its effects on Puerto Rico, a report out … [Read more...] about Bringing it in Bean Town: Boston Regional Education Day
AIRROC / EECMA Climate Change Symposium: Trade Associations Pair up to Face Reality
On September 6, 2018, AIRROC and EECMA (Environmental and Emerging Claim Manager Association) presented their 2018 feature co-hosted program, which took a comprehensive look at climate change. The one-day symposium presented material too voluminous to summarize adequately in a single article. However, here are a few things you missed if you did not attend the symposium. Courts … [Read more...] about AIRROC / EECMA Climate Change Symposium: Trade Associations Pair up to Face Reality
Lessons from the Front: Managing the Program Manager
Regan Shulman (Vice-President and Deputy General Counsel of Arch Insurance Company) and Michele Jacobson and Robert Lewin (both Partners at Stroock) discussed the historical issues that insurance companies have faced in relationships with program managers and offered practical solutions on how to manage those relationships productively. The panel began by reminding attendees … [Read more...] about Lessons from the Front: Managing the Program Manager
The Future of Claims
Jake Acosta of EY presented insights on the future of claims. Acosta explained that, in early 2016, EY conducted research to understand where claims operations are headed. EY’s research included interviews with executives at commercial insurers, industry analysts, and FinTech leaders. EY’s research revealed six key drivers of change in the industry. Decreasing Claims … [Read more...] about The Future of Claims
Insurance Business Transfer Statutes
A panel comprised of Eleni Iacovides of DARAG, Vincent Laurenzano and Bernhardt Nadell of Stroock & Stroock & Lavan, Jim Wrynn of FTI Consulting, and Frank Schmid of AIG discussed the various statutory and regulatory provisions governing insurance business transfers. The panel addressed traditional statutory and regulatory procedures for handling impaired and insolvent … [Read more...] about Insurance Business Transfer Statutes
Florida Bad Faith Claims: Best Practices In Claims Handling
Joanne McGovern (Claims Regional Vice-President for ProSight Specialty Insurance), joined Laura Besvinick and Julie Nevins (both of Stroock & Stroock & Lavan) to discuss the dynamics of claims handling in Florida, the hallmarks of good faith claims-handling, and avoiding bad faith claims. Bad faith claims have become something of a “cottage industry” in Florida. Certain … [Read more...] about Florida Bad Faith Claims: Best Practices In Claims Handling
AIRROC Springs Ahead: Spring Membership Meeting
Though it wasn’t feeling like Spring, and a Nor’Easter hit New England so hard it left many unable to travel, AIRROC’s Spring Membership meeting drew more than 100 attendees over two days. The familiar format of a day for business and education meetings made it a productive combination for our members and supporters. The Education Day featured timely and interesting topics: PwC … [Read more...] about AIRROC Springs Ahead: Spring Membership Meeting
A New Allocation Landscape Under In re Viking Pump, Inc.
The panel consisted of Bruce Engel, Partner at Freeborn & Peters LLP, moderated the panel consisting of Amy Kallal, Partner at Mound Cotton Wollan & Greengrass LLP, and Robin Dusek, Partner at Freeborn & Peters. Amy Kallal addressed the Viking Pump decision, stating that “it turns out” that New York is not really a pro rata state, but that “sometimes” it is. In … [Read more...] about A New Allocation Landscape Under In re Viking Pump, Inc.
Legacy U.K. Employers Liability
The panel consisted of: Richard Lawson, Global Head of Client Engagement at Pro Insurance Solutions Ltd; Ian Harvey, Head of Claims Strategy at Pro Insurance; and Joe Froehlich, Partner at Locke Lord, LLP. Richard Lawson provided an overview of the U.K. Employers Liability market, which he noted was similar to but not the same as workers' compensation in the U.S. This coverage … [Read more...] about Legacy U.K. Employers Liability
Emerging Cyber Risk Roundtable Explores Cyber Insurance Issues
Cyber risks are among the most pervasive risks of our time. They impact all industries that purchase insurance, and all lines of insurance. A panel from the insurance community whose roles in their companies focus on cyber risks (some from the underwriting and product development perspective, and others from the claims handling perspective) discuss key issues and challenges … [Read more...] about Emerging Cyber Risk Roundtable Explores Cyber Insurance Issues
Let’s Make a Deal: Current Trends in Buying and Selling Runoff Business and Blocks
David Schieldrop, Managing Director and Global Co-Head of the Insurance Investment Banking Division of Barclays, Sylvain Villeroy de Galhau, EVP of AXA Liabilities Managers, and David Alberts, Partner at Mayer Brown, shared their insights on the current marketplace for buying and selling runoff business. The consensus of the panel was that market conditions – including downward … [Read more...] about Let’s Make a Deal: Current Trends in Buying and Selling Runoff Business and Blocks
