The Excess & Casualty Reinsurance Association Pool (“ECRA Pool”) is one of the largest legacy reinsurance pools spanning decades and involves many insurers and reinsurers in the runoff market. With the demise of R&Q, the ECRA Pool was brought to an abrupt halt in September 2024. Rick Dupree (The Travelers Companies), Judy Harnadek (Resolute Management, Inc.), Andrew … [Read more...] about Lifeguards On Duty – The ECRA Pool
AIRROC Events
NextGen Partners with Mound Cotton on Arbitration Workshop
AIRROC NextGen and Mound Cotton Wollan & Greengrass cohosted a luncheon event entitled “Basics of Arbitration Workshop: The Key Things for Insurance Professionals to Know” at the October Transactions & Networking Forum. The workshop featured a wealth of insights and experiences from industry veterans, including Judy Harnadek, Marianne Petillo, Larry Greengrass, Sue … [Read more...] about NextGen Partners with Mound Cotton on Arbitration Workshop
Legends of the Fall – Recent Developments That May Turn the Tide on NY Labor Law Construction Claims
Christopher Carucci, Vice President of Client Services and Litigation Management at Gallagher Bassett Services, Sean Keely, a Partner with Smith Gambrell & Russell, LLP, and Andrea Silk, a partner with Gallo Vitucci Klar, LLP provided valuable insight into handling and litigating New York Labor Law Claims. A video replay of this presentation is available on the AIRROC On … [Read more...] about Legends of the Fall – Recent Developments That May Turn the Tide on NY Labor Law Construction Claims
AIRROC Reveals 2024 NextGen Leadership Award Winners
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
Charting Our Path: Minority Narratives in the Corporate World
This presentation on diversity, equity and inclusion featured Kristen Kish with Mound Cotton Wollen Greengass LLP, Stéphane Louis with Enstar, Lee Vuu with Argo Group US, and was moderated by Jose Martinez Jr., VP of legacy solutions at Swiss Re. At the start of the meeting, Jose pointed out the diversity of the panel itself, this being important to note because of the … [Read more...] about Charting Our Path: Minority Narratives in the Corporate World
The Legacy Market “Buy-Side” and The Impact of Private Equity
David Luce, a Partner with Willkie Farr & Gallagher LLP moderated a panel that examined the new entrants in the run-off market buy-side, recent M&A activity, and market entrances and exits. The panelists also discussed the motivation of private equity in run-off, and the impacts of private equity firms taking ownership of certain major players. The panelist included … [Read more...] about The Legacy Market “Buy-Side” and The Impact of Private Equity
AIRROC Welcomes Elaine Rocha, Esq., former Global Chief Investment Officer of AIG as Keynote Speaker
AIRROC was honored to have Elaine Rocha, Esq., most recently the former Senior Vice President and Global Chief Investment Officer of AIG as the opening keynote speaker for the October 2024 Legacy Transactions & Networking Forum. A Jersey girl hailing from Asbury Park she is, no surprise, an enthusiastic fan of The Boss, Bruce Springsteen. She describes how she “fell into” … [Read more...] about AIRROC Welcomes Elaine Rocha, Esq., former Global Chief Investment Officer of AIG as Keynote Speaker
Ardit Kerimi Awarded the 2024 Trish Getty Scholarship
AIRROC and AIRROC’s NextGen Council honored the 2024 Trish Getty Scholarship recipient, Ardit Kerimi, during the awards ceremony at the October Legacy Transactions & Networking Forum in Jersey City, NJ. Since 2012, the $5,000 Trish Getty Scholarship has been awarded to an exceptional undergraduate student studying insurance, risk management, or actuarial science. The … [Read more...] about Ardit Kerimi Awarded the 2024 Trish Getty Scholarship
Artificial Intelligence for Insurance Professionals
Annamarie Giblin, a Partner with Norton Rose Fulbright presented on the topic of artificial intelligence (known as "AI") technology and its related legal concerns tailored for insurance professionals. A video replay of this presentation is available on the AIRROC On Demand platform. Currently, the proliferation and power of AI is the subject of intense debate. This … [Read more...] about Artificial Intelligence for Insurance Professionals
AIRROC 2024 Person of the Year
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 Returns to the Windy City
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
Spotlight Kimberly George
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
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
