AIRROC is pleased to announce our 2022 slate of Officers. Heading up the board are Chair Bill Goldsmith (AIG) and Vice Chair Betsy Mitchell (A.G. Risk Management). Marianne Petillo (ROM) will continue to serve as Treasurer, Megan McHugh (Brandywine) as Secretary and Robert Hendel (Guy Carpenter) as Accountant. Immediate Past Chair, Bill Teich (The Hartford) rotated off as … [Read more...] about AIRROC Announces New Board Leadership, Officers and Directors for 2022
AIRROC News
NextGen Task Force Corner
The bi-weekly podcast series is designed to introduce young professionals to the legacy (re)insurance space. You can find our podcasts on the AIRROC website under the Education tab or HERE. Episode 3: Marcus Doran, Senior Director of Commutations and Reinsurance Finance at AIG, stops by to discuss his legacy career. Marcus also provides his theories on why the insurance … [Read more...] about NextGen Task Force Corner
Congratulations to Oumou Tounkara, 2021 Trish Getty Scholarship Recipient
AIRROC in conjunction with the NextGen Task Force is excited to present the Trish Getty Scholarship to Oumou Tounkara. While the scholarship had significant interest from the many students aspiring to enter the insurance industry, Oumou stood out for her excellent academic performance, leadership and involvement in numerous extracurriculars. Oumou is a senior at Saint … [Read more...] about Congratulations to Oumou Tounkara, 2021 Trish Getty Scholarship Recipient
A Bright Time for Legacy
The education portion of AIRROC’s Fall 2021 Legacy Transactions & Networking Forum kicked off with a lively panel discussion on the current state of the legacy space, highlighting the large number of successful recent deals, the forces that drive transaction supply and demand, and the challenges that lie ahead. Titled “A Bright Time for Legacy,” the discussion was … [Read more...] about A Bright Time for Legacy
IBT’s and Divisions – News and Noteworthy Developments
One of the highlights of the 2021 Legacy Transactions & Networking Forum hosted by AIRROC was the presentation by industry leaders and experts on the current legal and regulatory landscape affecting the Insurance Business Transfer (“IBT”) and Division space. Jonathan Bank, Of Counsel, Locke Lord LLP, chaired the panel of state regulators, stakeholders, and experienced … [Read more...] about IBT’s and Divisions – News and Noteworthy Developments
The Anatomy of a Transaction
A reflection on the legacy market journey and what delivers success for all stakeholders. Transparency emerged as a recurring theme to a successful legacy transaction during the educational session, “The Anatomy of a Transaction” moderated by AIRROC’s Executive Director, Carolyn Fahey, at the October networking forum in Jersey City. Offering insights from their respective … [Read more...] about The Anatomy of a Transaction
Claims Updates: Molestation and PFAS
The panel on emerging risks, hosted by Marcus Doran, Senior Director of Commutations, Reinsurance Finance at AIG, focused on molestation and PFA claims. Amy Kallal of Mound, Cotton, Wollan & Greengrass updated the delegates on recent developments concerning molestation claims. To date, there have been a number of different sources of molestation claims, including claims … [Read more...] about Claims Updates: Molestation and PFAS
MGA Issues in Legacy Business
The panelists for this insightful session on the relationships between insurers and the agents they work with included Katherine Billingham, General Counsel, DUAL North America, Joe Loggia, Vice President, Buxbaum Loggia, and Rod Perry, Senior Vice President, Rockville Risk Management with Katheleen Ehrhart, Partner at Freeborn & Peters serving as panel chair. MGA/TPA … [Read more...] about MGA Issues in Legacy Business
NextGen Task Force Corner
Following the successful launch of the podcast series “The Legacy Life”, AIRROC NextGen Task Force released our second episode on September 22nd. In this episode, Kathryn Reynolds sits down with Paul Corver, Head of Legacy M&A at R&Q, to discuss his career in the legacy space and why young professionals should be excited about runoff. Paul starts off by explaining the … [Read more...] about NextGen Task Force Corner
Spotlight on Peter Scarpato – Let the Adventures Begin!
“There is a superhero in all of us, we just need the courage to put on the cape.” - Superman That is NOT Peter’s favorite quote. (We will get to that detail later.) But if you speak with Peter’s colleagues, associates, and many friends in the re/insurance business, as we have in preparing this article, you quickly understand that Peter is a superhero to all. What is his … [Read more...] about Spotlight on Peter Scarpato – Let the Adventures Begin!
NextGen Task Force Corner
The NextGen Task Force proudly presents a new podcast series entitled The Legacy Life, which is going live on September 8th 2021. NextGen has been hard at work developing a bi-weekly podcast series that is designed to introduce young professionals to the legacy (re)insurance space. It will initially be available through Apple Podcast and AIRROC’s website. Come join Task Force … [Read more...] about NextGen Task Force Corner
Deal Climate: Runoff is Hot!
In the opening session of the 2021 Runoff Deal Market Forum, Laura Pearson, Liability Restructuring Manager, PwC UK and Linda Johnson, Head of Legacy Practice, TigerRisk Partners, described the sizzling hot runoff market. Their PowerPoint slides contain a wealth of information on the state of the market and the deals transacted in 2020 and the scorching hot trends in 2021. A … [Read more...] about Deal Climate: Runoff is Hot!
As the SPAC Market Cools, What Comes Next?
2020 was called the "Year of the SPAC" but 2021 is already on track to surpass it. At the Summer Membership Meeting, Jack Vales, Partner at Dentons, moderated a lively discussion covering all you need to know about the rapid rise of SPACs in the educational session entitled “SPAC-tacular Ascent: The Rise of SPACs.” Fellow Dentons partners Ilan Katz and Ira L. Kotel joined the … [Read more...] about As the SPAC Market Cools, What Comes Next?
Top 10 Issues for Effective Reservations of Rights Letters
The Keynote Speaker of the 2021 Summer Membership Meeting was Randy Maniloff. Randy is counsel at White and Williams LLP and the lawyer behind the well-known monthly newsletter “Coverage Opinions.” He presented on the Top 10 Issues for Effective Reservations of Rights Letters. Randy started the seminar highlighting the fact that insurance companies don’t provide enough … [Read more...] about Top 10 Issues for Effective Reservations of Rights Letters
The Scope of an Arbitration Panel’s Authority
Raymond Mastrangelo, a Partner with Mound Cotton Wollan Greengrass LLP, moderated a panel discussion with three of the insurance and reinsurance arbitration community’s most experienced and respected arbitrators: Susan Claflin, Claflin Consulting Services LLC, Ann Field, Senior Managing Director of Client Services, Aon, and Howard Page, HR Page Consulting LLP. The panel topic … [Read more...] about The Scope of an Arbitration Panel’s Authority
A Look at the Legal Landscape
The education sessions of the 2021 Summer Membership Meeting began with “A Look at the Legal Landscape” of COVID-19 Business Interruption (“BI”) claims, presented by John O’Bryan, Partner, Freeborn & Peters, Michael Merlo, Executive Vice President and Chief Counsel, Aon, and Kay E. Wilde, Director of Reinsurance Assumed Claims, Allstate Insurance Company. The panel treated … [Read more...] about A Look at the Legal Landscape
Under the Radar Potential Game Changers: Were you aware of these??
The second session of the 4th annual Runoff Deal Market Forum focused on some of the less obvious legal, regulatory and NAIC developments that will likely impact the runoff deal landscape. The esteemed panel included Mayer Brown partner Larry Hamilton who heads the firm’s US Insurance Regulatory & Enforcement group, James Mills, Vice President and Legal Counsel of Enstar … [Read more...] about Under the Radar Potential Game Changers: Were you aware of these??
NextGen Task Force Corner
The AIRROC NextGen Task Force continues to evolve in order to optimize operations and improved effectiveness. The Task Force was formed in early 2020 during a pivotal time where prolonged remote working arrangements were not anticipated. While the original committee structure was focused on translating the Task Force’s mission statement into actionable functional areas, the … [Read more...] about NextGen Task Force Corner
Lessons in History with Ken Randall
In April of this year, a pioneer in the legacy business, Ken Randall, officially retired. He handed over the reins of R&Q to his chosen successors. An industry leader in legacy business that he co-founded with Alan Quilter in 1991, an industry which is now worth over $800bn according to PwC. We had a fascinating opportunity to chat with him in April and hear his insights … [Read more...] about Lessons in History with Ken Randall
AIRROC is Now On Demand!
A brand new way for AIRROC members to access our sought after education content. Recorded content is available in modules along with a PDF of supporting slides and other resources if made available by the panelists. The library is organized by individual titles, is tagged by subject, is searchable by word, and can be filtered by a number of tags. There are more than 30 … [Read more...] about AIRROC is Now On Demand!
