AIRROC Update

Insurance & Reinsurance News

Latest News

Using the Organizational Meeting to Build a Better Arbitration

By

Arbitration clauses in most insurance and reinsurance contracts are remarkable for how little they say about the process. The most basic form of arbitration clause states only that, if a dispute arises, the parties will arbitrate rather than litigate. Exactly what “arbitration” means usually remains undefined. A typical clause may add a few barebones terms regarding the … [Read more...] about Using the Organizational Meeting to Build a Better Arbitration

AIRROC Honors Carolyn Fahey with Special Service Award

By

A very special award was presented at the 2025 AIRROC Legacy Transactions & Networking Forum, one as unique as its recipient. Carolyn Fahey was the face of AIRROC for more than a decade. Her steady leadership, her vision, and her genuine care for this organization shaped AIRROC into what it is today: a vibrant and thriving legacy community. When the Executive … [Read more...] about AIRROC Honors Carolyn Fahey with Special Service Award

Hidden Exposures and Emerging Risks

By

Sean Keely, a Partner with Smith, Gambrell & Russell, LLP and Andrea Silk, Managing Attorney with Gallo Vitucci Klar LLP provided an insightful overview of the hidden exposures insurers face, and the emerging risks expected in 2025 and beyond. The first area addressed was liability risks for hotels and restaurants from human trafficking.  Trafficking lawsuits are on the … [Read more...] about Hidden Exposures and Emerging Risks

AIRROC Announces 2025 NextGen Leadership Award Honorees

By

Kristen Kish of Mound Cotton Wollan & Greengrass LLP and Juliana Toes of Mayer Brown LLP have been named the 2025 recipients of the AIRROC NextGen Leadership Award. Both honorees have significantly advanced AIRROC’s educational efforts, strengthened outreach, and supported the development of rising legacy professionals. Kristen Kish, a Partner at Mound Cotton Wollan & … [Read more...] about AIRROC Announces 2025 NextGen Leadership Award Honorees

Five New Legacy Professionals Earn their CLP Designation

By

During the 2025 Legacy Transaction & Networking Forum, the Certified Legacy Professional ("CLP”) designation was awarded to five 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 Elaine A. Caprio, Paul … [Read more...] about Five New Legacy Professionals Earn their CLP Designation

AIRROC Kicks Off 2025 Forum with Keynote Speaker Brian Snover of Berkshire Hathaway

By

AIRROC kicked off its 2025 Legacy Transactions & Networking Forum and 20th Anniversary celebration with keynote speaker Brian Snover, Senior Vice President and General Counsel of Berkshire Hathaway. Many may recall that Brian was the 2007 AIRROC Person of the Year and as he quipped during his opening remarks, this is his return to the scene of the crime. He explained his … [Read more...] about AIRROC Kicks Off 2025 Forum with Keynote Speaker Brian Snover of Berkshire Hathaway

Marco Capital finalizes acquisition of R&Q Gamma

By

Marco Capital Holdings Limited, a European group specialising in the acquisition and management of property and casualty (P&C) insurance run-off portfolios and companies, has finalised the purchase of R&Q Gamma Company Limited. R&Q Gamma, a UK-based non-life insurer in run-off, was previously owned by Randall & Quilter II Holdings Ltd (in administration) and … [Read more...] about Marco Capital finalizes acquisition of R&Q Gamma

The Evolution of the Legacy Sector with Katie Reynold

By

Katie Reynolds is the Executive Director of AIRROC, the Association of Insurance and Reinsurance Run-Off Companies, the only U.S. nonprofit dedicated to promoting the interests of the legacy insurance and reinsurance community. She brings nearly a decade of experience in the legacy sector from claims leadership roles at RiverStone and The Hartford. An active AIRROC member since … [Read more...] about The Evolution of the Legacy Sector with Katie Reynold

AIRROC: Past, Present and Future

By

AIRROC marked its 20th anniversary with a panel discussion that highlighted the organization’s journey, its evolving role in the re/insurance sector, and its vision for the future. The panel featured Andrew Maneval, founding Chair of the Board of AIRROC; Jonathan Rosen, founding Board member and past Chair; and Marianne Petillo, founding Board member, past Chair, and current … [Read more...] about AIRROC: Past, Present and Future

The ECRA Pool Working Group Wins AIRROC’s 2025 Team of the Year Award!

By

“AIRROC, you’ve come a long way baby!” That was the title of the first message from the first Director of AIRROC, Trish Getty. And now, 20 years after that launch of “Vol. 1, No. 1” of what was then called “AIRROC Matters” we have come to a moment where we can bear witness to the brilliance and the depth of run-off industry cooperation that has grown during those twenty years. … [Read more...] about The ECRA Pool Working Group Wins AIRROC’s 2025 Team of the Year Award!

Leveraging AI for Legacy Books of Business

By

Karen Borg, Consulting Director, Reinsurance Contracts at CNA, Teresa Snider, a partner at Porter Wright Morris & Arthur LLP, and John Standish, Co-Founder and Chief Innovation and Compliance Officer at Charlee.ai provided a broad overview of the potential uses of AI in the insurance industry and the pitfalls to avoid when implementing AI solutions into workstreams. Mr. … [Read more...] about Leveraging AI for Legacy Books of Business

Update from Monte Carlo!

By

On the road again, AIRROC was delighted to attend the 2025 Rendez-Vous de Septembre in Monte Carlo – the annual gathering of the global reinsurance market now in its 67th year. Amplifying the benefits of AIRROC and raising our profile is central to our core mission, and the annual Reinsurance Rendez-Vous provides a unique platform to spread our message, exchange ideas and … [Read more...] about Update from Monte Carlo!

AIRROC Awards 2025 Trish Getty Scholarship to Samit Alam

By

AIRROC and AIRROC’s NextGen Council honored the 2025 Trish Getty Scholarship recipient, Samit Alam, 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 AIRROC Awards 2025 Trish Getty Scholarship to Samit Alam

Understanding Self-Driving Car Liability

By

Liability for self-driving car accidents can fall on the human driver, the manufacturer or even a third party depending on the cause of the accident.  We are just now at the starting block of litigation surrounding self-driving cars.  Guyon Knight from Mound Cotton Wollan & Greengrass, LLP provided an insightful and thorough perspective from a litigator’s point of view of … [Read more...] about Understanding Self-Driving Car Liability

Global Insurance Run-off Survey 2025

By

In this edition of the Survey, we explore where we are in the legacy sector in relation to market developments, the challenges we’re seeing, as well as the opportunities. We have worked with our colleagues from across different disciplines and internationally to give a wider view on the market. We’ve taken a closer look at the role of private equity, capital appetite and the … [Read more...] about Global Insurance Run-off Survey 2025

AIRROC has Partnered with Slipcase

By

AIRROC is now available on Slipcase, the leading information distribution platform in the global risk and (re)insurance industry.  AIRROC members can sign up for free to follow our page and create your personalized news feed. Slipcase is an online aggregator and curator of news and insights for insurance and reinsurance professionals, personalized to their interests and … [Read more...] about AIRROC has Partnered with Slipcase

Come Celebrate our 20th Anniversary at AIRROC’s Annual NJ Legacy Transactions and Networking Forum!

By

Come join us as AIRROC celebrates its 20th Anniversary at its Annual Legacy Transactions and Networking Forum from Sunday, October 19 through Tuesday October 21, 2025. If you are a legacy professional, this popular event is a “must attend” conference that draws nearly 300 delegates from around the world for three days of inspiration, learning, networking and deal making. This … [Read more...] about Come Celebrate our 20th Anniversary at AIRROC’s Annual NJ Legacy Transactions and Networking Forum!

Northern Re unveils structured reinsurance solutions portfolio to enhance capital efficiency

By

Northern Re, the collateralized reinsurance company that provides investors with access to the returns of its long-tail casualty underwriting business, has launched a structured solutions product suite and enhanced whole account quota share capabilities. New York City and Cayman Islands based Northern Re launched in early 2023 looking to deploy third-party capital it raised … [Read more...] about Northern Re unveils structured reinsurance solutions portfolio to enhance capital efficiency

LinkedIn