AIRROC is pleased to announce the new 2024 leadership of the Board of Directors. Tom Mendralla (Swiss Re) takes over as Chair with Betsy Mitchell (A.G. Risk Management) and Dawn Ballin (Enstar) as Co-Vice Chairs. The board supporting officers are Marianne Petillo (ROM), Treasurer, Megan McHugh (Brandywine), Secretary and Susan Aldridge (Norton Rose) as General Counsel. … [Read more...] about AIRROC Announces New Board Leadership, Officers and Directors for 2024
AIRROC News
Letters of Credit: The Good, The Bad and The Vesttoo
The education session on Letters of Credit (LOCs) at the 2023 Legacy Transactions & Networking Forum hosted by AIRROC was literally “ripped from the headlines” by covering the widely reported allegations of fraud arising from the Vesttoo bankruptcy and the attention it has drawn to the use of LOCs. Jonathan Bank, Counsel, Norton Rose Fulbright, chaired the panel of … [Read more...] about Letters of Credit: The Good, The Bad and The Vesttoo
Droughts and Wildfires – Floods and Hurricanes
David Snyder, Vice President and Assistant General Counsel of the American Property and Casualty Insurance Association, Aaron Koch, Principal and Consulting Actuary at Milliman, and Annie Shen, Actuary at Milliman, participated on a panel moderated by Katheleen Ehrhart, a partner in the litigation practice at Smith Gambrill Russell, that examined lessons to be drawn from the … [Read more...] about Droughts and Wildfires – Floods and Hurricanes
AIRROC Unveils New Leadership Award Established to Recognize NextGen Professionals
A well-kept secret was revealed at the 2023 AIRROC Legacy Transactions & Networking Forum this October. AIRROC established a new award that was announced for the first time - the AIRROC NextGen Leadership Award. This award acknowledges and celebrates the accomplishments and exemplary leadership of one of the NextGen members that has really made an impact over the course … [Read more...] about AIRROC Unveils New Leadership Award Established to Recognize NextGen Professionals
Global Economic and Geopolitical Risks: Trends and Challenges Impacting Insurance and Reinsurance Markets
AIRROC kicked off its 2023 Legacy Transactions & Networking Forum with keynote speaker Dr. Robert Hartwig, Director of the Risk Management and Uncertainty Center at the University of South Carolina. Dr. Hartwig took us on a whirlwind tour of the global economic and geopolitical forces shaping the outlook for the property casualty insurance market and helped us understand … [Read more...] about Global Economic and Geopolitical Risks: Trends and Challenges Impacting Insurance and Reinsurance Markets
Notes from the Battlefield: Navigating Reinsurance Disputes
Moderated by Guyon Knight, a panel consisting of Larry Greengrass, Debra Hall, Russel Bogen, and Frank DeMento engaged in a comprehensive discussion on the challenges and unique issues arising from reinsurance transactions. A video replay of this presentation is available on AIRROC’s On Demand plateform. Here, we distill their insights into ten key points: 1. Legacy … [Read more...] about Notes from the Battlefield: Navigating Reinsurance Disputes
Getting to Know Paul Brockman, AIRROC 2023 Person of the Year
AIRROC is proud to announce that it has chosen Paul Brockman, Enstar Group Chief Operating Officer and Chief Claims Officer, as its 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 creativity that make our work a vital part of the insurance … [Read more...] about Getting to Know Paul Brockman, AIRROC 2023 Person of the Year
Actuarial Student Jacob Hayes Awarded the 2023 Trish Getty Scholarship
AIRROC in conjunction with the NextGen Council was excited to present the 2023 Trish Getty Scholarship to Jacob Hayes during an awards ceremony at the October Legacy Transactions & Networking Forum. Each year since 2012, a $5,000 scholarship has been presented to an exceptional undergraduate student studying insurance, risk management or actuarial science. Students apply … [Read more...] about Actuarial Student Jacob Hayes Awarded the 2023 Trish Getty Scholarship
Monte Carlo le résumé
The 2023 Rendez-Vous de Septembre – in its 65th year – is the annual gathering of the reinsurance market in Monte Carlo. I had a very busy few days in Monte Carlo attending events organized by IRLA, PwC, Guy Carpenter, and Gallagher – just to name a few. I enjoyed meeting with a number of our members and of course sharing the benefit of AIRROC with those that are potential … [Read more...] about Monte Carlo le résumé
Paul Brockman named AIRROC “Person of the Year” for 2023
The Association of Insurance and Reinsurance Run-Off Companies (AIRROC) has selected Paul Brockman, Enstar Group’s Chief Operating Officer and Chief Claims Officer, as the recipient of their annual “Person of the Year” award for 2023. This is the 19th year that AIRROC has bestowed this annual award. The award was announced on October 16 at AIRROC’s annual Legacy Transactions … [Read more...] about Paul Brockman named AIRROC “Person of the Year” for 2023
NextGen Council Corner
The NextGen Council is excited to launch its latest initiative! September is the kick-off of the AIRROC NextGen #WhatIsLegacy series on LinkedIn. With the goal to spread awareness about the Legacy space and the opportunity it offers, NextGen is featuring comments from Legacy professionals about their own industry. Check out some of the early comments from well-known industry … [Read more...] about NextGen Council Corner
The AIRROC 19TH Annual NJ Legacy Transactions and Networking
Registration is now Open! AIRROC looks forward to reuniting with our legacy colleagues from Sunday, October 15 through Tuesday October 17, 2023. The legacy sector’s “must attend” event offers many of the highlights we all expect as well as some new additions to the schedule this year. Changes include offering a Mexican Fiesta dinner as our delegates arrive on Sunday, Robert … [Read more...] about The AIRROC 19TH Annual NJ Legacy Transactions and Networking
Where Are They Now? 2019 Trish Getty Scholarship recipient: Melissa Navrot
Established in 2012, an annual scholarship in honor of Trish Getty, founding Executive Director of AIRROC, is awarded to one exceptional undergraduate student studying insurance, risk management or actuarial science. AIRROC’s NextGen decided to catch up with a few past recipients and highlight where their careers have taken them. Natalie Weedman of the AIRROC NextGen Council … [Read more...] about Where Are They Now? 2019 Trish Getty Scholarship recipient: Melissa Navrot
Meet Our New Board Members
AIRROC is excited to introduce our newest Board Members and share a little about how they became involved with AIRROC and why they are passionate about the work we are doing for the legacy community. The AIRROC Board is comprised of a dedicated team of experienced industry leaders that channel their talent and energy into furthering our mission. Please join us in welcoming … [Read more...] about Meet Our New Board Members
Where Are They Now? 2020 Trish Getty Scholarship recipient: Ashley Martin
This is the second installment of the "Where Are They Now?" series that reunites with past recipients of the Trish Getty Scholarship to find out where their careers have taken them. Established in 2012, the Scholarship is an annual monetary award in honor of the founding Executive Director of AIRROC. The Scholarship is awarded to an undergraduate student studying insurance, … [Read more...] about Where Are They Now? 2020 Trish Getty Scholarship recipient: Ashley Martin
AIRROC Welcomes Two New Members and a New Corporate Partner
AIRROC is pleased to announce the addition of two new members, Quest Group and Xitus Insurance Holdings USA, as well as Simpson Thacher & Bartlett LLP as a new Corporate Partner. AIRROC is delighted to expand its network with this group and extends a warm welcome to its new members along with its newest corporate partner. This line-up not only showcases the mix of global … [Read more...] about AIRROC Welcomes Two New Members and a New Corporate Partner
Smith Gambrell Russell and Freeborn & Peters Complete Combination to Create Global Am Law 150 Firm
ATLANTA and CHICAGO (April 1, 2023) – Smith, Gambrell & Russell, LLP and Freeborn & Peters, LLP announced today that they have completed their combination, effective April 1, creating a global Am Law 150 law firm operating under the Smith Gambrell Russell name. The combined firm is led by SGR managing partner and executive committee chair, Stephen M. Forte, with legacy … [Read more...] about Smith Gambrell Russell and Freeborn & Peters Complete Combination to Create Global Am Law 150 Firm
Where AI Can Make Dramatic Impacts in Run-Off Transactions
The 2023 Spring Membership Meeting education program included a presentation on the hot topic of artificial intelligence. Rooney Gleason, Chief Insurance Officer at Evolution IQ and Adam Fisher, Chief Data Officer at Sedgwick served as panelist with Marcus Doran, Senior Director Commutations at AIG as the moderator. A video replay of this presentation is available in the … [Read more...] about Where AI Can Make Dramatic Impacts in Run-Off Transactions
What’s new with the AIRROC DRP?
We have all heard and read: “AIRROC’s Vision is to be the most valued (re)insurance industry educator and network provider for issue resolution and creation of optimal exit strategies.” That phrase is recited at every AIRROC Board meeting. AIRROC’s educational content and its networking forums are the instrumentalities of that vision. But, while those events help us build a … [Read more...] about What’s new with the AIRROC DRP?
Where Are They Now? 2017 Trish Getty Scholarship recipient: Samantha String
Established in 2012, an annual scholarship in honor of Trish Getty, founding Executive Director of AIRROC, is awarded to one exceptional undergraduate student studying insurance, risk management or actuarial science. After presenting the award to our newest recipient Lori-Ann Knight at the October 2022 AIRROC Conference, we wanted to catch up with a few prior recipients. … [Read more...] about Where Are They Now? 2017 Trish Getty Scholarship recipient: Samantha String
