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 News
The AIRROC Community Continues to Grow
AIRROC is pleased to announce that Gallo Vitucci Klar LLP has joined as a new Corporate Partner. AIRROC is delighted to expand its network and extends a warm welcome to its newest Corporate Partner. We look forward working with Gallo Vitucci Klar LLP on a number of initiatives and to incorporate them into our network with the shared goal of delivering greater service to the … [Read more...] about The AIRROC Community Continues to Grow
AIRROC Announces New Board Leadership, Officers and Directors for 2025
AIRROC has announced its board leadership for 2025. The officers are Chair Tom Mendralla (Swiss Re), First Vice Chair Dawn Ballin (Enstar), and Second Vice Chair Stewart Richmond (RiverStone Group). The board supporting officers are Marianne Petillo (ROM) as Treasurer, Megan McHugh (Brandywine) as Secretary, and Robert Romano along with Victoria Corder (Norton Rose) as the … [Read more...] about AIRROC Announces New Board Leadership, Officers and Directors for 2025
Non-life insurance run-off deals – 2024 year-end review
The final quarter of 2024 saw 9 publicly announced deals, transferring $2.4bn in disclosed liabilities – capping off a significantly more active second half of the year for the insurance legacy market. 2024 deal activity by region North America again dominated with 58% of disclosed transactions in 2024, followed by the UK & Ireland at 27%. … [Read more...] about Non-life insurance run-off deals – 2024 year-end review
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
Ever Expanding
AIRROC is excited to announce the addition of Nationwide Indemnity as a new Member to our ever-expanding network. You may have meet some of the Nationwide delegates at the October 2024 Legacy Transaction & Networking Forum who were first time attendees. What a great way to kick off their membership and experience the benefits of AIRROC and the quality of our network. We … [Read more...] about Ever Expanding
Hats Off to New Recipients of CLP Designation!
One of the highlights of the 2024 Legacy Transactions & Networking Forum was awarding the Certified Legacy Professional ("CLP”) designation to several legacy professionals who have completed the necessary coursework. The CLP designation recognizes our band of brethren who have demonstrated specialized professional knowledge and experience in the legacy sector. … [Read more...] about Hats Off to New Recipients of CLP Designation!
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
Non-life insurance run-off deals review Q3 2024
Q3 2024 saw 15 deals disclosed, almost double the number of deals in the first half of the year, bringing the total deal numbers to 23 year to date. North America was the most active territory in Q3, with ten deals disclosed and the six with disclosed deal values transferring a combined $2.6bn of gross reserves. The UK and Ireland also saw four deals announced in Q3 … [Read more...] about Non-life insurance run-off deals review Q3 2024
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
NextGen Council Corner
AIRROC NextGen and Mound Cotton Wollan & Greengrass will be cohosting a luncheon workshop at the AIRROC Transactions & Networking Forum on October 22, 2024. This in-person event will run from 12:00pm - 2:30pm and is open to everyone - not just attendees for the October Event. However, registration is required. REGISTER HERE This luncheon workshop will cover the basics … [Read more...] about NextGen Council Corner
Locke Lord and Troutman Pepper Announce Merger
With More Than 1,600 Attorneys, the Combined Firm Will Have an Expanded Footprint With Deeper Capabilities in Key Industries (September 6, 2024) – Locke Lord and Troutman Pepper have agreed to merge effective January 1, 2025. The new law firm, which will be named Troutman Pepper Locke, will have more than 1,600 attorneys in 33 offices in the United States and two in Europe, … [Read more...] about Locke Lord and Troutman Pepper Announce Merger
Restructuring Solutions in Focus
One of the cornerstones of AIRROC’s mission and vision is to be the leading industry educator and enhancing knowledge about the legacy market and the exit strategies and solutions they offer. In furtherance of that role, Carolyn Fahey, Executive Director of AIRROC, Al Bottalico, Insurance Specialist with Norton Rose Fulbright and James Mills, Vice President and Legal Counsel … [Read more...] about Restructuring Solutions in Focus
NextGen Council Corner
AIRROC NextGen was formed to create educational, networking, and leadership opportunities for young professionals in the legacy space. Key to NextGen’s mission is simply educating young professionals about the opportunities that legacy provides. On July 11, 2024, AIRROC’s NextGen Council participated in the ReUnder40s half-day Intern Summer Summit in New York City at which … [Read more...] about NextGen Council Corner
The AIRROC 20th Annual NJ Legacy Transactions and Networking Forum is coming in hot!
Come join us as AIRROC celebrates its 20th Annual Legacy Transactions and Networking Forum from Sunday, October 20 through Tuesday October 22, 2024. If you are a legacy professional, this popular event is a “must attend” conference that draws nearly 300 delegates from around the world for three days of learning, inspiration, networking and deal making. This year we return … [Read more...] about The AIRROC 20th Annual NJ Legacy Transactions and Networking Forum is coming in hot!
We need to talk about exit solutions
Exit strategies, a critical yet often under-discussed aspect of the captive insurance lifecycle, are essential for captive owners planning their future transitions. Although these strategies can be complex and sensitive, which might not suit early conversations with prospective captive owners, more transparent discussions about the strategies involved, and when they are … [Read more...] about We need to talk about exit solutions
