AIRROC Update

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AIRROC Events

Municipal Liability Cases

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Coincidentally, this year’s AIRROC summer meeting was held in New York City. Brian McElhenny and Jeffrey Migdalen, from the Gerber Ciano law firm, treated participants to a presentation highlighting the frequent litigation against New York State municipalities for various torts. These include motor vehicle accidents involving municipal vehicles or emergency vehicles, motor … [Read more...] about Municipal Liability Cases

Navigating Time Limit Demands: Best Practices for Insurers in the Age of Social Inflation

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Presented by Daisy Khambatta and John LaBarbera, Partners, Kennedys In today's legal landscape, insurers face unprecedented challenges with time limit demands, driven by the rising tide of social inflation. As verdicts escalate, with some reaching astronomical figures like the $1.2 billion Texas case, insurers must develop robust strategies to respond to policy limit … [Read more...] about Navigating Time Limit Demands: Best Practices for Insurers in the Age of Social Inflation

AIRROC Presents CLP Designation to Two New Recipients

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During the 2025 Summer Membership Meeting, the Certified Legacy Professional ("CLP”) designation was awarded to two legacy professionals who have completed the necessary coursework.  The CLP designation recognizes individuals who have demonstrated specialized professional knowledge and experience in the legacy sector. Congratulations to Bryan Enos, Managing Director at A.G. … [Read more...] about AIRROC Presents CLP Designation to Two New Recipients

Social Media and Insurance Coverage: A TikTok-ing Clock

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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

Notable Insurance Coverage Cases

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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

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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

Bankruptcies and the Runoff Market – Impacts and Implications

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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

The Legacy of Liquidations: What You Should Know

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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

AIRROC Abroad

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September was a busy month as I travel across the pond for the London Regional Education Day hosted by Kennedys and then on to Monte Carlo for the 2024 Rendez-Vous de Septembre – the annual gathering of the reinsurance market now in its 66th year. The London Regional Education Day was a great success hosted by Kennedys at their offices in the Walkie Talkie building.  The … [Read more...] about AIRROC Abroad

Transactions, Transactions, Transactions – What is New and Notable in Runoff Structures?

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The closing educational session of the July 2024 AIRROC Summer Membership Meeting was led by panelists Dareen Amireh, SVP, QBE North America, Charles Collis, Director, Conyers Dill & Pearson Ltd., Allison Tam, Partner, Willkie Farr & Gallagher LLP, Michael Terelmes, Managing Director USA, Compre Group and PK Paran, Partner, Willkie Farr & Gallagher. This session … [Read more...] about Transactions, Transactions, Transactions – What is New and Notable in Runoff Structures?

Legacy P&C Runoffs and Insolvency Challenges

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Roger Schmelzer, President and CEO of the National Conference of Insurance Guaranty Funds (“NCIGF”), and Rowe Snider, partner at Locke Lord LLP, provided insight on how a runoff company might smooth a transition to insolvency, including ways in which the NCIGF could assist in the process. A replay of the presentation is available in the AIRROC On Demand library. To provide … [Read more...] about Legacy P&C Runoffs and Insolvency Challenges

Key Cyber Trends in Insurance and Reinsurance

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Jasmeet Ahuja and Peter Marta, both Partners at Hogan Lovells, along with Brian Lewis, Senior Broker, Cyber Practice Leader at Lockton Re and Robert Redpath, Senior VP, Regulatory & Technical Director at Enstar US, discussed the growing threat and elevated scale of cyber attacks at the July 2024 Membership Meeting. The session focused on the current landscape and trends in … [Read more...] about Key Cyber Trends in Insurance and Reinsurance

Lawyers Beware: Ethical Pitfalls and How to Avoid Them

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Jeff Burman, General Counsel, Fortitude Re, Steven Schwartz, Partner, Chaffetz Lindsey, and Alicia Yeo, Associate, Chaffetz Lindsey, joined the Summer Membership Meeting Education Day line up with their topic: “Lawyers Beware: Ethical Pitfalls and How to Avoid Them.” The discussion focused primarily on the big issues relevant to in-house counsel and attorneys who represent … [Read more...] about Lawyers Beware: Ethical Pitfalls and How to Avoid Them

AIRROC Welcomes Senior Economist James Finucane as Keynote Speaker

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One of the highlights of AIRROC’s Summer Membership Meeting was the keynote address by James Finucane, a Senior Economist with the Swiss Re Institute. Mr. Finucane provided the outlook for the property casualty insurance market with a focus on industry growth, underwriting profitability and investment returns.  The upshot is that the industry is on a favorable trajectory, with … [Read more...] about AIRROC Welcomes Senior Economist James Finucane as Keynote Speaker

Abuse Claims: The Current Landscape

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Amy Kallal and Pamela J. Minetto, Partners with Mound Cotton Wollan Greengrass LLP summarized the current state of law regarding Sexual Abuse and Molestation (SAM) claims which have exploded in number and potential exposure.  This explosion is due to the enactment by states of so-called “reviver statutes” (statutes that give plaintiffs a window in which to bring a claim for … [Read more...] about Abuse Claims: The Current Landscape

ONE Trillion Dollars – That’s Trillion with a “T”

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What better way to start off the AIRROC Summer Meeting than hearing about the 2024 PwC Global Insurance Run-off Survey results. The survey was released in March (http://www.airrocupdate.org/wp-content/uploads/2024/04/Global-Insurance-Survey-2024-FINAL-8-4-2024.pdf) and for the first time, the global market has exceeded ONE TRILLION DOLLARS in reserves! Andy Ward, a partner … [Read more...] about ONE Trillion Dollars – That’s Trillion with a “T”

Should Covid-19 be Considered a Natural Peril?

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This question posed in the title of this presentation is easier asked than answered.  Max Chester and Tina Matic, Partners at Foley & Lardner led an interesting discussion on this topic, each of them presenting a compelling argument for whether or not Covid-19 should be considered a natural peril. Tina Matic provides attendees with the headliner that their presentation does … [Read more...] about Should Covid-19 be Considered a Natural Peril?

What’s Trending in the World of Arbitration?

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AIRROC June 2024 Chicago Forum: Karen Borg (CNA), Martha Conlin (Troutman Pepper), Judy Harnadek (Resolute Management), Teresa Snider (Porter Wright) This panel addressed current trends in arbitration, including an introduction from the in-house representatives designed to provide “the view from the trenches.” The discussion included lessons to be learned from trends in … [Read more...] about What’s Trending in the World of Arbitration?

Bankruptcies and the Runoff Market

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Kathleen Ehrhart, Partner, Smith Gambrell Russell, LLP, moderated a panel on “Bankruptcies and the Insurance Runoff Market: Impact and Implications” at AIRROC’s Chicago Regional Education Day on June 6, 2024. Panelists included Anthony Mormino, Senior Legal Counsel, Swiss Reinsurance America, and Shelly DeRousse, Partner, Smith Gambrell Russell, LLP. The panelists discussed the … [Read more...] about Bankruptcies and the Runoff Market

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