This presentation explores the evolving intersection of social media and insurance coverage, emphasizing the rapidly growing risks and claims stemming from platforms like TikTok. Legal, regulatory, and market-based concerns are brought to light, especially as technologies such as AI integrate into social platforms. Peter Calleo and Troy Shuman of Enstar, Grace Seigel of Guy … [Read more...] about Social Media and Insurance Coverage: A TikTok-ing Clock
AIRROC News
Notable Insurance Coverage Cases
This session offered a comprehensive review of some of the largest and most notable coverage cases from 2024. David Silvers, Complex Assumed Claims Analyst, RiverStone Group moderated the discussions led by representatives from AIRROC’s Corporate Partner firms. Panalist included J.D. Anders, Counsel, Chaffetz Lindsey, Kristen Kish, Partner, Mound Cotton Wollan Greengrass LLP, … [Read more...] about Notable Insurance Coverage Cases
Runoff Deal Market Forum 2025
This February, AIRROC and Mayer Brown were pleased to co-host their Seventh Annual Runoff Deal Market Forum (the “Deal Forum”) at Mayer Brown’s New York office, where industry experts came together to discuss the latest trends and developments in the insurance legacy market. The Deal Forum featured three panels that covered the State of the Market, Post-Closing Challenges and … [Read more...] about Runoff Deal Market Forum 2025
AIRROC is Leading Legacy into the Future with a New Vision and Mission Statement
Drum Roll! The Board of Directors of AIRROC is pleased to announce our new Mission and Vision: Tag Line: LEADING LEGACY AIRROC’s VISION is to be the legacy market leader through education, collaboration, and innovation. AIRROC’s MISSION is to foster a sustainable legacy market and provide value by engaging stakeholders, sharing knowledge and developing leaders. In … [Read more...] about AIRROC is Leading Legacy into the Future with a New Vision and Mission Statement
Bankruptcies and the Runoff Market – Impacts and Implications
Shelly DeRousse and Kathleen Ehrhart, both Partners at Smith Gambrell Russell, along with Geoffrey Goodman a Partner at Foley & Lardner led the discussion on bankruptcy and the runoff market at the 2025 Spring Membership Meeting. The session focused on the increasing number of mass-tort bankruptcies and the involvement of insurance and reinsurance companies, with an … [Read more...] about Bankruptcies and the Runoff Market – Impacts and Implications
AIRROC Welcomes New Member
AIRROC is excited to announce the addition of Elysian as a new Member! We continue to grow and expand our network because of the collective value proposition we offer and what each of our Members brings to an organization with a legacy of success. We are delighted to have Elysian join the AIRROC community and we look forward to collaborating with them. Elysian is an … [Read more...] about AIRROC Welcomes New Member
The Legacy of Liquidations: What You Should Know
Michael Terelmes of Compre Group moderated a panel on which Keith Kaplan, Chief Liquidation Officer for Bedivere Insurance Company (in Liquidation) and R&Q Reinsurance Company (in Liquidation), Jim Wrynn, a Senior Managing Director at FTI Consulting, and Bruce Baty, a partner with Norton Rose Fulbright US LLP discussed the process of liquidation and its impact on the runoff … [Read more...] about The Legacy of Liquidations: What You Should Know
Lifeguards On Duty – The ECRA Pool
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
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
