A reflection on the legacy market journey and what delivers success for all stakeholders. Transparency emerged as a recurring theme to a successful legacy transaction during the educational session, “The Anatomy of a Transaction” moderated by AIRROC’s Executive Director, Carolyn Fahey, at the October networking forum in Jersey City. Offering insights from their respective … [Read more...] about The Anatomy of a Transaction
AIRROC News
Claims Updates: Molestation and PFAS
The panel on emerging risks, hosted by Marcus Doran, Senior Director of Commutations, Reinsurance Finance at AIG, focused on molestation and PFA claims. Amy Kallal of Mound, Cotton, Wollan & Greengrass updated the delegates on recent developments concerning molestation claims. To date, there have been a number of different sources of molestation claims, including claims … [Read more...] about Claims Updates: Molestation and PFAS
MGA Issues in Legacy Business
The panelists for this insightful session on the relationships between insurers and the agents they work with included Katherine Billingham, General Counsel, DUAL North America, Joe Loggia, Vice President, Buxbaum Loggia, and Rod Perry, Senior Vice President, Rockville Risk Management with Katheleen Ehrhart, Partner at Freeborn & Peters serving as panel chair. MGA/TPA … [Read more...] about MGA Issues in Legacy Business
AIRROC Reunites in October in Jersey City!
We are looking forward to being BACK IN PERSON and seeing all of our legacy colleagues! Register today for AIRROC NJ 2021 – Legacy Transactions and Networking Forum from Sunday, October 17 through Tuesday October 19, 2021. Our trusted event host will again be The Westin Jersey City Newport, located at 479 Washington Boulevard in Jersey City, New Jersey. AIRROC and our host … [Read more...] about AIRROC Reunites in October in Jersey City!
NextGen Task Force Corner
The NextGen Task Force proudly presents a new podcast series entitled The Legacy Life, which is going live on September 8th 2021. NextGen has been hard at work developing a bi-weekly podcast series that is designed to introduce young professionals to the legacy (re)insurance space. It will initially be available through Apple Podcast and AIRROC’s website. Come join Task Force … [Read more...] about NextGen Task Force Corner
AIRROC Returns to Jersey City for the 17th Annual NJ Legacy Transactions and Networking Forum
Registration is Open! AIRROC is pleased to be planning our first in-person event since March 2020 -- from Sunday, October 17 through Tuesday October 19, 2021. The AIRROC Board of Directors looks forward to reuniting with our legacy colleagues. Our trusted event host for the past few years will again be The Westin Jersey City Newport, located at 479 Washington Boulevard in … [Read more...] about AIRROC Returns to Jersey City for the 17th Annual NJ Legacy Transactions and Networking Forum
Using Predictive Analytics to Manage High Complexity Claims
During our first day together virtually, the AIRROC Summer Meeting attendees were treated to a presentation by Dan Link and Megan Nelson of third party administrator Gallagher Bassett (“GB”), moderated by Carolyn Fahey of AIRROC. The panel engaged in a dynamic discussion about how claim severity, particularly in areas like auto bodily injury claims, general liability and … [Read more...] about Using Predictive Analytics to Manage High Complexity Claims
Deal Climate: Runoff is Hot!
In the opening session of the 2021 Runoff Deal Market Forum, Laura Pearson, Liability Restructuring Manager, PwC UK and Linda Johnson, Head of Legacy Practice, TigerRisk Partners, described the sizzling hot runoff market. Their PowerPoint slides contain a wealth of information on the state of the market and the deals transacted in 2020 and the scorching hot trends in 2021. A … [Read more...] about Deal Climate: Runoff is Hot!
As the SPAC Market Cools, What Comes Next?
2020 was called the "Year of the SPAC" but 2021 is already on track to surpass it. At the Summer Membership Meeting, Jack Vales, Partner at Dentons, moderated a lively discussion covering all you need to know about the rapid rise of SPACs in the educational session entitled “SPAC-tacular Ascent: The Rise of SPACs.” Fellow Dentons partners Ilan Katz and Ira L. Kotel joined the … [Read more...] about As the SPAC Market Cools, What Comes Next?
Top 10 Issues for Effective Reservations of Rights Letters
The Keynote Speaker of the 2021 Summer Membership Meeting was Randy Maniloff. Randy is counsel at White and Williams LLP and the lawyer behind the well-known monthly newsletter “Coverage Opinions.” He presented on the Top 10 Issues for Effective Reservations of Rights Letters. Randy started the seminar highlighting the fact that insurance companies don’t provide enough … [Read more...] about Top 10 Issues for Effective Reservations of Rights Letters
The Scope of an Arbitration Panel’s Authority
Raymond Mastrangelo, a Partner with Mound Cotton Wollan Greengrass LLP, moderated a panel discussion with three of the insurance and reinsurance arbitration community’s most experienced and respected arbitrators: Susan Claflin, Claflin Consulting Services LLC, Ann Field, Senior Managing Director of Client Services, Aon, and Howard Page, HR Page Consulting LLP. The panel topic … [Read more...] about The Scope of an Arbitration Panel’s Authority
A Look at the Legal Landscape
The education sessions of the 2021 Summer Membership Meeting began with “A Look at the Legal Landscape” of COVID-19 Business Interruption (“BI”) claims, presented by John O’Bryan, Partner, Freeborn & Peters, Michael Merlo, Executive Vice President and Chief Counsel, Aon, and Kay E. Wilde, Director of Reinsurance Assumed Claims, Allstate Insurance Company. The panel treated … [Read more...] about A Look at the Legal Landscape
Under the Radar Potential Game Changers: Were you aware of these??
The second session of the 4th annual Runoff Deal Market Forum focused on some of the less obvious legal, regulatory and NAIC developments that will likely impact the runoff deal landscape. The esteemed panel included Mayer Brown partner Larry Hamilton who heads the firm’s US Insurance Regulatory & Enforcement group, James Mills, Vice President and Legal Counsel of Enstar … [Read more...] about Under the Radar Potential Game Changers: Were you aware of these??
NextGen Task Force Corner
The AIRROC NextGen Task Force continues to evolve in order to optimize operations and improved effectiveness. The Task Force was formed in early 2020 during a pivotal time where prolonged remote working arrangements were not anticipated. While the original committee structure was focused on translating the Task Force’s mission statement into actionable functional areas, the … [Read more...] about NextGen Task Force Corner
AIRROC is Now On Demand!
A brand new way for AIRROC members to access our sought after education content. Recorded content is available in modules along with a PDF of supporting slides and other resources if made available by the panelists. The library is organized by individual titles, is tagged by subject, is searchable by word, and can be filtered by a number of tags. There are more than 30 … [Read more...] about AIRROC is Now On Demand!
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
Drum roll please! Announcing the winner of our “Name our Newsletter Contest.”
We are excited to announce the winner of the “Name our Newsletter Contest.” First and foremost, we want to send a big thank you to everyone who participated in our contest, and did their best to give our newsletter a brilliant and memorable name. You may recall back in January, we decided to hold a contest to rebrand our digital newsletter and asked for your help. “AIRROC … [Read more...] about Drum roll please! Announcing the winner of our “Name our Newsletter Contest.”
NextGen Task Force Corner
On April 7th, AIRROC hosted a webinar titled "The Evolving Role of Actuaries and Claims Professionals" in collaboration with PwC, where Grant Donkervoet represented the NextGen Task Force on a panel discussion. The webinar kicked off with a PwC presentation on workforce trends in the insurance industry, operational and functional changes in the claims and actuarial environment, … [Read more...] about NextGen Task Force Corner
White and Williams Joins as Corporate Partner
Our season of growth continues! AIRROC is thrilled to announce that White and Williams, LLP has joined the AIRROC network as a Corporate Partner. White and Williams has been a long time supporter of AIRROC and has now taken the step to formalize the relationship. We extend a warm welcome to our new Partner and look forward to collaborating and working with them. About … [Read more...] about White and Williams Joins as Corporate Partner
Opioids – Why this Still Needs our Attention
In a thorough overview of the current landscape of Opioid litigation, the final panel of the AIRROC Spring Membership Meeting presented a compelling view of why the liability trends and coverage issues involved in this litigation are expanding the scope and theories of exposure extend beyond opioid claims; it also highlighted the unique impact of opioid use on workers’ … [Read more...] about Opioids – Why this Still Needs our Attention
