AIRROC Update

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AIRROC News

The AIRROC Community Continues to Grow

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AIRROC is pleased to announce that Gallo Vitucci Klar LLP has joined as a new Corporate Partner. AIRROC is delighted to expand its network and extends a warm welcome to its newest Corporate Partner. We look forward working with Gallo Vitucci Klar LLP on a number of initiatives and to incorporate them into our network with the shared goal of delivering greater service to the … [Read more...] about The AIRROC Community Continues to Grow

AIRROC Announces New Board Leadership, Officers and Directors for 2025

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AIRROC has announced its board leadership for 2025. The officers are Chair Tom Mendralla (Swiss Re), First Vice Chair Dawn Ballin (Enstar), and Second Vice Chair Stewart Richmond (RiverStone Group). The board supporting officers are Marianne Petillo (ROM) as Treasurer, Megan McHugh (Brandywine) as Secretary, and Robert Romano along with Victoria Corder (Norton Rose) as the … [Read more...] about AIRROC Announces New Board Leadership, Officers and Directors for 2025

Non-life insurance run-off deals – 2024 year-end review

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The final quarter of 2024 saw 9 publicly announced deals, transferring $2.4bn in disclosed liabilities – capping off a significantly more active second half of the year for the insurance legacy market. 2024 deal activity by region North America again dominated with 58% of disclosed transactions in 2024, followed by the UK & Ireland at 27%. … [Read more...] about Non-life insurance run-off deals – 2024 year-end review

AIRROC Reveals 2024 NextGen Leadership Award Winners

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Layla Trummer and Natalie Weedman were named co-recipients of this year’s AIRROC NextGen Leadership Award at the 2024 AIRROC Legacy Transactions & Networking Forum. Layla Trummer is a Senior Underwriter at Allianz Reinsurance America, Inc. She has been an active member of AIRROC NextGen for two years and currently serves as the Co-Chair of the NextGen Council. Within mere … [Read more...] about AIRROC Reveals 2024 NextGen Leadership Award Winners

AIRROC 2024 Person of the Year

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Knowledgeable, personable, creative, authentic. That's how colleagues describe Marty Rosemann, Global Head of Transaction and Legacy Management at Swiss Re and recipient of the 2024 AIRROC Person of the Year. This honor is bestowed annually on an individual or team that has made a significant contribution to the run-off industry and who has demonstrated the vision and … [Read more...] about AIRROC 2024 Person of the Year

AIRROC Abroad

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September was a busy month as I travel across the pond for the London Regional Education Day hosted by Kennedys and then on to Monte Carlo for the 2024 Rendez-Vous de Septembre – the annual gathering of the reinsurance market now in its 66th year. The London Regional Education Day was a great success hosted by Kennedys at their offices in the Walkie Talkie building.  The … [Read more...] about AIRROC Abroad

A Guiding Light for Legacy

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AIRROC has embarked on a strategic planning process, retaining Wendy Scott & Associates to lead and facilitate the development of a plan to shape the next chapter of AIRROC’s development.  A half-day in person session was held the day before the Summer Membership Meeting with our facilitator, the AIRROC Board of Directors, the Advisory Council, the NextGen Council, and key … [Read more...] about A Guiding Light for Legacy

Our July Membership Meeting is Right Around the Corner!

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Summer Meeting Alert! Last Chance to Register! Join us in New York from Tuesday, July 16 to Wednesday, July 17 for our Annual Summer Membership Meeting.  Don’t miss the chance to catch up with legacy colleagues and hear from industry experts! The AIRROC Board of Directors looks forward to reuniting with our legacy colleagues.  As in the past few years, Norton Rose Fulbright … [Read more...] about Our July Membership Meeting is Right Around the Corner!

Keeping Up with Kimberly George

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By describing her own career path from Field Case Management Nurse to Sedgwick’s first Chief Global Band Officer, Kimberly George treated AIRROC’s Chicago audience to a demonstration of her strategic views for her company and for employees throughout the insurance industry.  Just don’t tell her you “fell into” a career in insurance.  Her excitement for career development in the … [Read more...] about Keeping Up with Kimberly George

NextGen Council Corner

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The insurance industry is often seen as a realm of numbers and policies, but behind every successful insurance professional is often a surprising journey. To shed light on these inspiring stories, AIRROC NextGen launched a new video series titled: "NextGen Asks: How Did You Get Your Start in Runoff/Legacy?" This series delves into the careers of new and seasoned insurance … [Read more...] about NextGen Council Corner

NextGen Council Corner

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AIRROC NextGen is pleased to announce its 2024 council and committee members. The NextGen Council and its Education, Social, Digital Content and Award committees are a cornerstone of AIRROC's commitment to nurturing young insurance professionals and providing members with invaluable opportunities for leadership, networking, and contributing fresh perspectives to the run-off … [Read more...] about NextGen Council Corner

AIRROC Returns to the Windy City

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The AIRROC Chicago Regional Education Day is back!  Join us in person at this one-day event on June 6, 2024 at the Willis Tower, 34th Floor Conference Center. Can’t make it in person, a virtual live stream is also offered.  The views will be fantastic as is the content that we have planned for you! Our featured keynote speaker is Kimberly George, Global Chief Brand Officer of … [Read more...] about AIRROC Returns to the Windy City

Meet Our New Members!

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Back in March we announced the addition of five new members — some who were spotlighted over the last two months (Great American, Hannover Re, and RiverStone International).   Since that time, we have added another new member, bringing the total to six new members in the first quarter of 2024.  Wow! As we all know, relationships in this industry are key and AIRROC’s emphasis on … [Read more...] about Meet Our New Members!

Spotlight Kimberly George

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INDUSTRY OUTLOOK: The outlook for the insurance industry is strong. Insurance has long been the financial backstop for the global economy. With the constant evolution of risk and risk management, insurance is more important than ever. Tech is changing the way we think about and do business and much of that change is happening right now. It is exciting to experience the … [Read more...] about Spotlight Kimberly George

New Trends in Workers Comp Drugs: Unintended Consequences of the Changing Opioid Laws and Policies

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The opioid epidemic has had a devastating impact on society and a profound toll on public health and opioid-involved deaths. The multifaceted aspects of the opioid crisis have had an effect clinically, financially and negatively influence workers compensation.   While there has been a significant decline in opioid prescribing, new medications are diversifying the drivers of … [Read more...] about New Trends in Workers Comp Drugs: Unintended Consequences of the Changing Opioid Laws and Policies

Reopening Closed Remedial Sites

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VERTEX’s Christopher De Carlo, Senior Technical Advisor, Environmental Insurance and Sandra Gaurin, Vice President, Client Services & Technical Support, along with Scott Davis, Partner at Husch Blackwell led a compelling discussion on “Reopening Closed Remedial Sites” at the 2024 Spring Membership Meeting in New York.  The panel discussed the current legal and regulatory … [Read more...] about Reopening Closed Remedial Sites

A Regulator’s View of IBT’s, Division’s and the 2024 NAIC Priorities 

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Panelists Kathy Belfi, KB Regulatory Solutions (former Director of Financial Regulation, Connecticut Insurance Department), John Finston, Finston Consulting Inc. (former Executive Deputy Superintendent for Insurance, NY DFS), Glen Mulready, Commissioner, Oklahoma Insurance Department and Robert Romano, Partner, Norton Rose Fulbright held a roundtable discussion of the trends … [Read more...] about A Regulator’s View of IBT’s, Division’s and the 2024 NAIC Priorities 

Nuclear Verdicts & Social Inflation: Juror Biases & Trends

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How do you get the attention of 100 people attending the last session on the final day of an AIRROC conference?  Well, this presentation started out with the group watching two brief videos of juries deliberating in advance of rendering their verdict. In both scenarios, audience members were able to hear the jurors discussing their opinions on the deep pockets of corporate … [Read more...] about Nuclear Verdicts & Social Inflation: Juror Biases & Trends

The Use of AI in Workers Compensation Legacy Transactions

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Michael Terelmes, Managing Director-USA, Compre Group, moderated a panel on “The Use of AI in Workers Compensation Legacy Transactions” at the AIRROC Spring Membership Meeting. Panelists included Rooney Gleason, Chief Insurance Officer, Evolution IQ, Travis Grulkowski, Principal & Consulting Actuary, Milliman, and Justin Herring, Partner, Mayer Brown. The panelists … [Read more...] about The Use of AI in Workers Compensation Legacy Transactions

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