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AIRROC News

And The 2022 Trish Getty Scholarship Goes To Lori-Ann Knight

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AIRROC in conjunction with the NextGen Council is excited to present the 2022 Trish Getty Scholarship to Lori-Ann Knight. Lori-Ann is a sophomore at Howard University in Washington D.C. She is majoring in mathematics with a concentration in actuarial science. Additionally, she is pursuing a minor in computer science. Established in 2012, the $5,000 annual scholarship is in … [Read more...] about And The 2022 Trish Getty Scholarship Goes To Lori-Ann Knight

Legacy Workers Compensation Management from Start to Finish

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Most people in the legacy space have encountered, in one form or another, long tail worker's compensation claims. Too many of us have lost sleep trying to understand how this business was written in the first place, why it wasn’t set up to manage properly, and what can or should be done to manage and resolve lingering, long tail claims. Michael Terelmes of Compe Re, Anthony … [Read more...] about Legacy Workers Compensation Management from Start to Finish

Fortitude Re named AIRROC Team of the Year for 2022

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The Association of Insurance and Reinsurance Run-Off Companies (AIRROC) has selected Fortitude Re as the recipient of their annual award for 2022. This is the 18th year that AIRROC has bestowed this annual award. The award was announced on October 17 at AIRROC’s 18th Annual Legacy Transactions Forum in Jersey City, New Jersey. This award is presented each year to recognize … [Read more...] about Fortitude Re named AIRROC Team of the Year for 2022

Legacy Solutions

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The volatile and unpredictable insurance market conditions derived from the impacts of the COVID-19 pandemic, as well as emerging cyber, political, and environmental risks, has seen an increase in activity surrounding captives entering legacy transactions. Increasingly recognised as a strategic portfolio management tool, exit solutions help to free up capital and capacity to … [Read more...] about Legacy Solutions

NextGen Task Force Corner

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In September, our favorite podcast – AIRROC's The Legacy Life – is back for Season 3! Unlike prior seasons where the interviews highlight career journeys of well-established industry leaders in the legacy (re)insurance space, Season 3 aims to spotlight rising stars among the "NextGen" professionals.  Episode 1 features Megan Kuzniewski, AVP and legal counsel in M&A … [Read more...] about NextGen Task Force Corner

R&Q’s Corver: Due diligence critical to managing social inflation as urges “buyer beware”

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Speaking to The Insurer TV as part of #ReinsuranceMonth, R&Q’s group head of legacy M&A said the firm was very conscious of the need to carry out thorough due diligence to properly understand exposures in terms of where claims are arising from within portfolios, and also to “get a real good feel” as to how claims are being managed. “These claims need to be kept on … [Read more...] about R&Q’s Corver: Due diligence critical to managing social inflation as urges “buyer beware”

NextGen Task Force Corner

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On May 18, NextGen Task Force member Grant Donkervoet moderated an AIRROC educational event discussing the three dimensions of alternative dispute resolutions (“ADR”). Panelists Bill Goldsmith from AIG, Teresa Snider from Porter Wright Morris & Arthur, LLP and Peter Scarpato, joined Grant. The panelists covered the full path of ADRs starting with negotiations, moving to … [Read more...] about NextGen Task Force Corner

Spotlight on New Co-Chair Betsy Mitchell

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“For this game you need, above all things, to be in a tranquil frame of mind.”  Harry Vardon “Achievements on the golf course are not what matters, decency and honesty are what matter.” Tiger Woods  “The more I work and practice, the luckier I seem to get.”  Gary Player Betsy Mitchell, Co-Vice Chair of AIRROC and Reinsurance Manager, A.G. Risk Management Inc., took time … [Read more...] about Spotlight on New Co-Chair Betsy Mitchell

NextGen Task Force Corner

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On May 11, NextGen Task Force member Matt DiSanto of AON participated as a panelist in the Basics of Legacy Transactions educational forum, along with co-panelists Robert Redpath from Enstar, and John Sparks from Odom & Sparks. The session focused on Insurance Business Transfers (“IBTs”), providing an overview of the regulatory landscape, explaining how IBTs work, and … [Read more...] about NextGen Task Force Corner

The Wild West of Weed: Oklahoma’s Growing Marijuana Industry

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John Sparks, a Partner with Odom & Sparks, PLLC moderated a panel discussion on the blossoming cannabis industry in Oklahoma and implications and challenges faced by the insurance industry, given the uncharted nature of the market and the federal illegality issue. The panelist included Joe Marcantel, Director, Talisman Casualty Insurance Company and Michael Ridgeway, … [Read more...] about The Wild West of Weed: Oklahoma’s Growing Marijuana Industry

AIRROC is “Back on Broadway”!

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As NYC opens up and welcomes back visitors, AIRROC was glad to be able to do the same!  Our first in-person membership meeting in two years was hosted from the 30th Floor offices of Norton Rose Fulbright.  The spacious modern office was a perfect backdrop for 125 in-person attendees and another 70 online that joined us for the live streamed education day.   It was great to see … [Read more...] about AIRROC is “Back on Broadway”!

Claims Update: The Opioids Epidemic and “All Sums” Claims Presentations

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The afternoon education program of the Spring Membership Meeting included a claims update on topics touched upon before but, nonetheless, remain significant issues impacting the insurance industry and beyond. A video replay of this two-part presentation is available in the AIRROC On Demand library. Latest Developments in the Opioids Crisis  Adam Berardi and Michael Kassak, … [Read more...] about Claims Update: The Opioids Epidemic and “All Sums” Claims Presentations

Ransomware’s Scary – Be Wary and Ready to Parry

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The education portion of AIRROC’s Spring 2022 Membership Meeting commenced with an informative panel discussion on the evolving threat of ransomware; a topic that has dominated headlines over the past year with such high profile attacks on CNA, Colonial Pipeline and JBS Foods. Patrick Byrnes, Partner, with Locke Lord LLP moderated the discussion that featured remarks from … [Read more...] about Ransomware’s Scary – Be Wary and Ready to Parry

NextGen Task Force Corner

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The AIRROC NextGen Task Force is gearing up for a busy year. On March 30th, NextGen member Jessica Groenewegen participated in a panel discussion at the AIRROC Spring Membership Meeting. The session was a collaboration among Jessica and Anna Dill from TigerRisk Partners, as well as Dan Gerber from Gerber Ciano Kelly Brady LLP, on the "Basics of Legacy Transactions – LPT’s and … [Read more...] about NextGen Task Force Corner

Basics of Legacy Transactions: LPTs and ADCs

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The NextGen Task Force hosted the closing educational session on March 30th at the AIRROC Spring Membership Meeting led by panelists Anna Dill and Jessica Groenewegen, brokers at TigerRisk’s Legacy Practice Team along with Dan Gerber, Partner at Gerber Ciano Kelly Brady, LLP.  The trio of legacy specialists provided an excellent overview on the basics of loss portfolio … [Read more...] about Basics of Legacy Transactions: LPTs and ADCs

Challenges of Reserving Federal Black Lung Liabilities

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Christine M. Fleming and Alex M. York, of Milliman provided a compelling presentation on the complexities of federal black lung claims at the AIRROC Spring Membership meeting.  As coal continues to decline - the number of jobs nationwide fell to about 40,000 last year from 175,000 in the mid 1980s - you would anticipate that the number of claims for black lung occupational … [Read more...] about Challenges of Reserving Federal Black Lung Liabilities

AIRROC Welcomes New Member Acrisure Re

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AIRROC is pleased to announce the addition of Acrisure Re as a new Member.  AIRROC looks forward to working with the Acrisure Re team on a number of initiatives and to incorporate them into our network with the shared goal of delivering greater service to the legacy community. As a leading independent (re)insurance broking and advisory firm with a deep understanding of both … [Read more...] about AIRROC Welcomes New Member Acrisure Re

NextGen Task Force Corner

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The NextGen Task Force wasted no time and came quick out of the gate in 2022 with an education webinar on January 26th.  The webinar brought together AIRROC's NextGen Task Force and the IRLA Young Professionals Group (“YPG”) to compare and contrast the UK and the US perspectives for two big claims issues – abuse/molestation and sports head injuries. Hosted by AIRROC and … [Read more...] about NextGen Task Force Corner

Expanding our Network: AIRROC Welcomes New Member and Two New Corporate Partners

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AIRROC is excited to announce the addition of the Arkansas Insurance Department as a new Member and two new Corporate Partners: ANS Solutions, LLC and Gerber Ciano Kelly Brady, LLP.  What a great way to kick off the New Year by expanding our network with the addition of these quality organizations. We are delighted to have the Arkansas Insurance Department, ANS Solutions, LLC … [Read more...] about Expanding our Network: AIRROC Welcomes New Member and Two New Corporate Partners

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