An esteemed panel discusses the relatively new legal frameworks that provide legal finality and a further exit solution in addition to the well tested and accepted Loss Portfolio Transfer mechanism. For the optimistic, passionate and inquisitive IBT enthusiasts, the last panel of the Education Day in Jersey City this year must have been an hour of … [Read more...] about Insurance Business Transfer – What now?
Event Summaries
Runoff Deal Market Forum – Season 2
Back by popular demand, AIRROC and Mayer Brown, presented a new episode in the ongoing market drama that portrays the evolution of dynamic options for creating value out of “has-been” books of business. Building on last season (June 2018), a stellar cast of players in the Runoff Market --- some new faces, some returning from last season, brought the market scene to life. … [Read more...] about Runoff Deal Market Forum – Season 2
The Weather was HOT and so was AIRROC’s Summer Membership Meeting…
As we do annually, AIRROC members met at the offices of Norton Rose Fulbright to work on their goals and also to take in some new topics offered by our Education Committee and partner firms. First up we featured a look at Captives and Emerging Risks. What do Legacy business and captive market transactions have in common? The ability to evaluate and manage the exposures … [Read more...] about The Weather was HOT and so was AIRROC’s Summer Membership Meeting…
Oil & Gas Transport Environmental Risks for Pipelines, Motor, Railways, Port Operations, & Marine
It was a record breaking attendance at the AIRROC Spring Membership Meeting on March 5 & 6. Hosted at the offices of Norton Rose Fulbright in New York City, members held meetings and also heard from great education panels. Read on for highlights of this particular session. Texas petrochemical engineer Phil Watters of Rimkus and Swiss Re's Claims Vice President Mike … [Read more...] about Oil & Gas Transport Environmental Risks for Pipelines, Motor, Railways, Port Operations, & Marine
Bringing it in Bean Town: Boston Regional Education Day
AIRROC’s Boston Regional this year was co-hosted by Locke Lord and Pro. Held in the Prudential Center, the attendees learned from a diverse faculty and were treated to a keynote from Elizabeth Dwyer, Deputy Director and Superintendent of Banking and Insurance for Rhode Island. We also had an insightful presentation on Hurricane Maria and its effects on Puerto Rico, a report out … [Read more...] about Bringing it in Bean Town: Boston Regional Education Day
IRLA Celebrates 20 Years!
Memorable Memories It is a momentous year as IRLA (The Association of Run-Off Companies as it was originally known) was formed 20 years ago. IRLA began as a city-based group of like-minded (re)insurance, intermediary and professional service companies and professionals, and has become an association with the international breadth of membership to influence the way in which … [Read more...] about IRLA Celebrates 20 Years!
Lessons from the Front: Managing the Program Manager
Regan Shulman (Vice-President and Deputy General Counsel of Arch Insurance Company) and Michele Jacobson and Robert Lewin (both Partners at Stroock) discussed the historical issues that insurance companies have faced in relationships with program managers and offered practical solutions on how to manage those relationships productively. The panel began by reminding attendees … [Read more...] about Lessons from the Front: Managing the Program Manager
The Future of Claims
Jake Acosta of EY presented insights on the future of claims. Acosta explained that, in early 2016, EY conducted research to understand where claims operations are headed. EY’s research included interviews with executives at commercial insurers, industry analysts, and FinTech leaders. EY’s research revealed six key drivers of change in the industry. Decreasing Claims … [Read more...] about The Future of Claims
Insurance Business Transfer Statutes
A panel comprised of Eleni Iacovides of DARAG, Vincent Laurenzano and Bernhardt Nadell of Stroock & Stroock & Lavan, Jim Wrynn of FTI Consulting, and Frank Schmid of AIG discussed the various statutory and regulatory provisions governing insurance business transfers. The panel addressed traditional statutory and regulatory procedures for handling impaired and insolvent … [Read more...] about Insurance Business Transfer Statutes
AIRROC Springs Ahead: Spring Membership Meeting
Though it wasn’t feeling like Spring, and a Nor’Easter hit New England so hard it left many unable to travel, AIRROC’s Spring Membership meeting drew more than 100 attendees over two days. The familiar format of a day for business and education meetings made it a productive combination for our members and supporters. The Education Day featured timely and interesting topics: PwC … [Read more...] about AIRROC Springs Ahead: Spring Membership Meeting
Emerging Cyber Risk Roundtable Explores Cyber Insurance Issues
Cyber risks are among the most pervasive risks of our time. They impact all industries that purchase insurance, and all lines of insurance. A panel from the insurance community whose roles in their companies focus on cyber risks (some from the underwriting and product development perspective, and others from the claims handling perspective) discuss key issues and challenges … [Read more...] about Emerging Cyber Risk Roundtable Explores Cyber Insurance Issues
