Earlier this month AIRROC hosted its Insurance Business Transfer (“IBT”) Workshop, which brought together (virtually) industry leaders and experts for a half-day of presentations and discussions on the legal and regulatory landscape affecting the IBT space. A highlight of the day was a review of lessons learned during the recent, first-of-its kind transaction under Oklahoma’s … [Read more...] about Insurance Business Transfer Workshop
AIRROC News
NextGen Task Force Corner
The AIRROC NextGen Task Force met virtually in February to kick start 2021 events and to continue the planning for 2021 activities. On February 3rd, Matt DiSanto, Co-Chair of NextGen Task Force, presented at the AIRROC webinar "2020 Deals: The Year in Review." A joint presentation from PwC, Aon, and the AIRROC NextGen Task Force, the session reviewed 2020 global deal … [Read more...] about NextGen Task Force Corner
AIRROC Continues to Grow its Network!
AIRROC is pleased to announce the addition of two new members, BMS Group Ltd. and Fortitude Reinsurance Company Ltd., and Gallagher Bassett as a new Corporate Partner. AIRROC looks forward to working together with BMS, Fortitude Re and Gallagher Bassett on a number of dimensions with the intention of delivering greater service to our shared communities of legacy … [Read more...] about AIRROC Continues to Grow its Network!
Help Us Rename the AIRROC Matters Newsletter!
AIRROC Matters is being rebranded to increase its appeal to professionals working in the legacy sector. We would like your help in coming up with a fitting and catchy name! “AIRROC Matters” was the original name of our quarterly print magazine. In August of 2019 we switched to a digital newsletter to enable us to publish more frequently and provide our audience with the most … [Read more...] about Help Us Rename the AIRROC Matters Newsletter!
NextGen Task Force Corner
The AIRROC NextGen Task Force is a diverse group of young professionals who work in conjunction with the AIRROC Board of Directors and Executive Director to explore ways to transfer knowledge about legacy, engage with and provide networking and educational opportunities for the next generation of legacy industry and AIRROC association leaders. As part of our communication … [Read more...] about NextGen Task Force Corner
AIRROC Confirms Board Leadership and New Directors for 2021
AIRROC announces the 2021 board leadership. The officers are Chair Bill Teich (The Hartford) and the two Co-Vice Chairs are Bill Goldsmith (AIG) and Betsy Mitchell (Armour Risk). Marianne Petillio (ROM Re) serves as Treasurer and Megan McHugh, Brandywine Holdings acts as the Secretary of the Board. The Chair (Teich) and two Co-Vice Chairs (Goldsmith and Mitchell), … [Read more...] about AIRROC Confirms Board Leadership and New Directors for 2021
AIRROC Awards Trish Getty Scholarship 9th Annual Award Recipient Ashley Martin
AIRROC awarded it’s annual Trish Getty Scholarship to Ashley Martin, a junior with a double major in Risk Management and Accounting at Saint Joseph’s University in Philadelphia. In a first for AIRROC, the award was presented virtually by Executive Director Carolyn Fahey and while Ms. Martin could not participate in the live stream, she graciously thanked AIRROC in a … [Read more...] about AIRROC Awards Trish Getty Scholarship 9th Annual Award Recipient Ashley Martin
Insurance in the Working from Home Age
The Jacobson Group’s Judy Busby, Senior Vice President, and Brett Carter, Managing Director, hosted this insightful session. They addressed the current state of the insurance industry’s labor market and the multi-generational makeup of its workforce. The presentation was followed by a panel discussion moderated by Judy Busby, featuring a multi-generational panel of … [Read more...] about Insurance in the Working from Home Age
AIRROC Person of the Year 2020: Paul Corver, Group Head of M&A Randall & Quilter
One key highlight of the AIRROC annual Transactions & Networking Forum is the presentation of the Person of the Year Award. The award gives our band of brethren a chance to acknowledge and celebrate the vision, energy, and leadership of those in our business who play a key role in influencing our work and how the investment community perceives the value of our work. This … [Read more...] about AIRROC Person of the Year 2020: Paul Corver, Group Head of M&A Randall & Quilter
The CFO Perspective
Day 1 of our October 2020 meeting saw Scott Maries - CFO of Premia Re, Simon Hawkins – former CFO of Compre, and John Regan – CFO of Swiss Re of America, put on a presentation, moderated by Kelly Superczynski – Aon’s Head of Capital Advisory. The discussion covered everything from legacy balance sheet and reporting matters, to raising capital, and the pace and trends in the … [Read more...] about The CFO Perspective
Insights on Legacy in 2020
The Panelists for the first education session of our virtual Transactions & Networking Forum included: Paul Corver, Group Head of M&A, R&Q, Marcus Doran, EVP, Group Complex Claims Officer, Armour Risk Management (Moderator), Paul Ginnett, CEO, Allianz Reinsurance America, Inc., Linda Johnson, Head of Legacy Practice, TigerRisk and Matt Kunish, Chief Business … [Read more...] about Insights on Legacy in 2020
AIRROC Kicks Off 2020 Virtual Forum – A New Look at Legacy
AIRROC kicked off its first virtual conference with a welcome and introduction from our Executive Director, Carolyn Fahey. Carolyn spoke about the resiliency she has seen in our organization, and in our industry, during the past 6 months, culminating in the decision to go forward with our premier annual event in a new and exciting format. After a thank you to the Board of … [Read more...] about AIRROC Kicks Off 2020 Virtual Forum – A New Look at Legacy
A Virtual Zoom call with the AIRROC NextGen Task Force
A Virtual Zoom call with the AIRROC NextGen Task Force An actual Zoom call would be harder to schedule than a virtual happy hour in the pandemic-hectic work lives of our busy NextGen Task Force members. So, we asked the Task Force members to answer few questions about their views on remote work and the Task Force. What follows is a virtual version of a virtual team meeting. … [Read more...] about A Virtual Zoom call with the AIRROC NextGen Task Force
AIRROC’s Runoff Webinar Series Takes Off
AIRROC’s Spring 2020 entry level webinars were a smashing success. So much so, that more are on the way! To learn more and register, please click here. AIRROC’s Three Part Webinar Series With the majority of insurance professionals working from home as the result of the global pandemic, AIRROC’s three part webinar series was a great success … [Read more...] about AIRROC’s Runoff Webinar Series Takes Off
Message from Carolyn Fahey, AIRROC’s Executive Director
I hope that you are all keeping safe and well in these challenging and unprecedented times. As you may expect, lots of events and initiatives we had planned have been impacted given the circumstances. You can keep up to date on the status of our programs on our website. A few items to note include the cancellation of the June 1 Chicago Regional and the July 14-15 … [Read more...] about Message from Carolyn Fahey, AIRROC’s Executive Director
Meet our New Board Members
AIRROC extends a warm welcome to new Board Members Simon Hawkins, Dawn Ballin and Brendan McQuiggan and congratulates Megan McHugh in her new role as Secretary of the Board. AIRROC looks forward to the enthusiasm and fresh ideas they bring and working with them towards a successful journey together. Let us introduce you to the newest members of our talented, creative and … [Read more...] about Meet our New Board Members
2019 Annual Review of Non-Life Insurance Run-Off Deals
PwC issue their second annual summary of publicly announced non-life run-off deals which shows a continuing trend of transaction activity across the globe. Read more here - /wp-content/uploads/2020/03/non-life-insurance-run-off-q4-deals-update.pdf … [Read more...] about 2019 Annual Review of Non-Life Insurance Run-Off Deals
AIRROC Confirms Board Leadership and New Directors for 2020
AIRROC announces the 2020 board leadership. The officers are Chair Bill Teich (The Hartford) and Co-Vice Chair Bill Goldsmith (AIG). Collectively serving as AIRROC's Executive Committee along with Executive Director, Carolyn Fahey, they bring many years of experience and insights with them. Teich is Vice President of Reinsurance at The Hartford and … [Read more...] about AIRROC Confirms Board Leadership and New Directors for 2020
David Scasbrook Named AIRROC Person of the Year for 2019
New Jersey, October 21, 2019 The Association of Insurance and Reinsurance Run-Off Companies (AIRROC) has posthumously named David Scasbrook as the winner of the 2019 Person of the Year award. 2019 marks the 15th year that AIRROC has bestowed this annual award. The award was announced on October 21 at AIRROC’s 15th Annual Forum in Jersey City, NJ. This award is … [Read more...] about David Scasbrook Named AIRROC Person of the Year for 2019
Karen Amos, “Outgoing” Board Member
After serving on AIRROC’s board for 14 years, most recently as Chair of the Education Committee, Karen Amos stepped down effective January 1, 2019. Resolute nominated Arvind Krishnamurthy to run for Karen’s spot, and the AIRROC membership elected him in the October 2018 election cycle for a three-year term. As Chief Operating Officer of Resolute Management Services Limited … [Read more...] about Karen Amos, “Outgoing” Board Member
