AIRROC Update

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AIRROC News

Smith Gambrell Russell and Freeborn & Peters Complete Combination to Create Global Am Law 150 Firm

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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

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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?

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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

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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

AIRROC Continues to Build its Network Welcoming New Member and Corporate Partner

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AIRROC extends a warm welcome to the Illinois Department of Insurance as a new Member and Chaffetz Lindsey as a new Corporate Partner. What a terrific way to start off 2023 by expanding our network with the addition of these quality organizations. We are delighted to have the Illinois Department of Insurance and Chaffetz Lindsey join the AIRROC community and we look forward to … [Read more...] about AIRROC Continues to Build its Network Welcoming New Member and Corporate Partner

AIRROC Confirms Board Leadership and New Directors for 2023

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AIRROC is pleased to announce that its board leaders remain the same for a second year in a row. Heading up the board are Chair Bill Goldsmith (AIG), along with Co-Vice Chairs Tom Mendralla (Swiss Re) and Betsy Mitchell (A.G. Risk Management). The board supporting officers are Marianne Petillo (ROM), Treasurer, Megan McHugh (Brandywine), Secretary and Susan Aldridge (Norton … [Read more...] about AIRROC Confirms Board Leadership and New Directors for 2023

Managing the Evolving Risks and Expectations Regarding Corporate ESG Disclosure

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Kevin Harnisch, Head of White Collar and Co-Head of Regulation, Investigations, Securities, and Compliance at Norton Rose Fulbright moderated a panel that dissected the interplay between litigation, insurance, and the reinsurance and legacy worlds vis-à-vis ESG.  The panel consisted of John O’Bryan, Partner at Freeborn & Peters, Maureen Gorman, Managing Director at Marsh, … [Read more...] about Managing the Evolving Risks and Expectations Regarding Corporate ESG Disclosure

Corporate Liabilities Deals

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The evolving market for restructuring and managing long-tail legacy corporate liabilities was the topic of the presentation entitled “Corporate Liabilities Deals.” The panelists included Peter Calleo, Vice President, Senior Legal Counsel, M&A, Investments and Commercial Contracts, Enstar, Andy Hill, Partner, Structured Solutions, McGill & Partners, Robert Hut, CEO, Fara … [Read more...] about Corporate Liabilities Deals

The Legacy Dealmaking Landscape: What do YOU think??

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Expect another strong year for the legacy deal marketplace, say a panel of experts during an audience interactive session at the 2022 AIRROC Legacy Transactions & Networking Forum.  Mayer Brown LLP Partner, David Alberts, chaired the panel that included Edward S. Hochberg, Head of Global Risk Solutions, Managing Director, Guy Carpenter, Laura Pearson, Senior Manager, PwC, … [Read more...] about The Legacy Dealmaking Landscape: What do YOU think??

Attracting NextGen Professionals – What Can Companies Do?

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The AIRROC NextGen Group hosted the first session of the day that kicked off the 2022 Legacy Transactions & Networking Forum education program. Chris Hamphshire, Vice President – Carrier Practice at Gallagher Bassett and Global President of the CPCU Society was the moderator and session leader.  The day started with a focused and thoughtful presentation by Chris on the … [Read more...] about Attracting NextGen Professionals – What Can Companies Do?

Fortitude Re named AIRROC “Team of the Year” for 2022

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Each Year at its Legacy Transactions and Networking Forum AIRROC awards its “Person of the Year” to someone who has had a significant impact on the run-off industry.  This year, for the second time in its history, AIRROC awarded this honor to a team of industry professionals. This award acknowledges the team at Fortitude Re whose vision, hard work, and legacy expertise has made … [Read more...] about Fortitude Re named AIRROC “Team of the Year” for 2022

And The 2022 Trish Getty Scholarship Goes To Lori-Ann Knight

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AIRROC in conjunction with the NextGen Council is excited to present the 2022 Trish Getty Scholarship to Lori-Ann Knight. Lori-Ann is a sophomore at Howard University in Washington D.C. She is majoring in mathematics with a concentration in actuarial science. Additionally, she is pursuing a minor in computer science. Established in 2012, the $5,000 annual scholarship is in … [Read more...] about And The 2022 Trish Getty Scholarship Goes To Lori-Ann Knight

Legacy Workers Compensation Management from Start to Finish

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Most people in the legacy space have encountered, in one form or another, long tail worker's compensation claims. Too many of us have lost sleep trying to understand how this business was written in the first place, why it wasn’t set up to manage properly, and what can or should be done to manage and resolve lingering, long tail claims. Michael Terelmes of Compe Re, Anthony … [Read more...] about Legacy Workers Compensation Management from Start to Finish

Fortitude Re named AIRROC Team of the Year for 2022

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The Association of Insurance and Reinsurance Run-Off Companies (AIRROC) has selected Fortitude Re as the recipient of their annual award for 2022. This is the 18th year that AIRROC has bestowed this annual award. The award was announced on October 17 at AIRROC’s 18th Annual Legacy Transactions Forum in Jersey City, New Jersey. This award is presented each year to recognize … [Read more...] about Fortitude Re named AIRROC Team of the Year for 2022

The AIRROC 18th Annual NJ Legacy Transactions and Networking Forum Returns to Jersey City

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Registration is now Open!  AIRROC looks forward to reuniting with our legacy colleagues from Sunday, October 16 through Tuesday October 18, 2022. As in years past, our event host will be The Westin Jersey City Newport, located at 479 Washington Boulevard in Jersey City, New Jersey. The Westin is steps away from the Hudson River with spectacular views of the New York City … [Read more...] about The AIRROC 18th Annual NJ Legacy Transactions and Networking Forum Returns to Jersey City

NextGen Task Force Corner

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On May 18, NextGen Task Force member Grant Donkervoet moderated an AIRROC educational event discussing the three dimensions of alternative dispute resolutions (“ADR”). Panelists Bill Goldsmith from AIG, Teresa Snider from Porter Wright Morris & Arthur, LLP and Peter Scarpato, joined Grant. The panelists covered the full path of ADRs starting with negotiations, moving to … [Read more...] about NextGen Task Force Corner

Civil Human Trafficking Lawsuits: A Growing Risk for Insurance

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Susan Aldridge Partner at Norton Rose Fulbright (US) LLP and Marc Penchansky, a Partner at White & Williams, LLP presented on the following topic:  Human Trafficking Lawsuits: A Growing Risk for Insurance. Their presentation covered federal and state statues that provide relief for claimants who allege they have been trafficked, as well as a review of some applicable case … [Read more...] about Civil Human Trafficking Lawsuits: A Growing Risk for Insurance

The “Texas Two-Step” Bankruptcy Strategy

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Panelists John Cruciani and Scott Davis, both Partners with Husch Blackwell gave an insightful presentation on the Texas Two-Step Bankruptcy, explaining how it works and providing an overview of the Texas corporate statutes from which the maneuver flows. They also discussed the high profile case of Johnson & Johnson (“J&J”), as well as an update on other ongoing cases, … [Read more...] about The “Texas Two-Step” Bankruptcy Strategy

Litigation Funding and Social Inflation: An Increasing Concern for Insurers

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On a sweltering day in NYC, AIRROC opened its Summer Membership Education Day with a panel of experts that described our own industry climate change: the social inflation that is driving nuclear verdicts and run-away inflation in losses.  Just as climate change increases the intensity of storms, the social climate surrounding litigation has increased the potential for more … [Read more...] about Litigation Funding and Social Inflation: An Increasing Concern for Insurers

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