AIRROC NextGen and Mound Cotton Wollan & Greengrass cohosted a luncheon event entitled “Basics of Arbitration Workshop: The Key Things for Insurance Professionals to Know” at the October Transactions & Networking Forum. The workshop featured a wealth of insights and experiences from industry veterans, including Judy Harnadek, Marianne Petillo, Larry Greengrass, Sue … [Read more...] about NextGen Partners with Mound Cotton on Arbitration Workshop
Latest News
Legends of the Fall – Recent Developments That May Turn the Tide on NY Labor Law Construction Claims
Christopher Carucci, Vice President of Client Services and Litigation Management at Gallagher Bassett Services, Sean Keely, a Partner with Smith Gambrell & Russell, LLP, and Andrea Silk, a partner with Gallo Vitucci Klar, LLP provided valuable insight into handling and litigating New York Labor Law Claims. A video replay of this presentation is available on the AIRROC On … [Read more...] about Legends of the Fall – Recent Developments That May Turn the Tide on NY Labor Law Construction Claims
AIRROC Reveals 2024 NextGen Leadership Award Winners
Layla Trummer and Natalie Weedman were named co-recipients of this year’s AIRROC NextGen Leadership Award at the 2024 AIRROC Legacy Transactions & Networking Forum. Layla Trummer is a Senior Underwriter at Allianz Reinsurance America, Inc. She has been an active member of AIRROC NextGen for two years and currently serves as the Co-Chair of the NextGen Council. Within mere … [Read more...] about AIRROC Reveals 2024 NextGen Leadership Award Winners
Ever Expanding
AIRROC is excited to announce the addition of Nationwide Indemnity as a new Member to our ever-expanding network. You may have meet some of the Nationwide delegates at the October 2024 Legacy Transaction & Networking Forum who were first time attendees. What a great way to kick off their membership and experience the benefits of AIRROC and the quality of our network. We … [Read more...] about Ever Expanding
Hats Off to New Recipients of CLP Designation!
One of the highlights of the 2024 Legacy Transactions & Networking Forum was awarding the Certified Legacy Professional ("CLP”) designation to several legacy professionals who have completed the necessary coursework. The CLP designation recognizes our band of brethren who have demonstrated specialized professional knowledge and experience in the legacy sector. … [Read more...] about Hats Off to New Recipients of CLP Designation!
Charting Our Path: Minority Narratives in the Corporate World
This presentation on diversity, equity and inclusion featured Kristen Kish with Mound Cotton Wollen Greengass LLP, Stéphane Louis with Enstar, Lee Vuu with Argo Group US, and was moderated by Jose Martinez Jr., VP of legacy solutions at Swiss Re. At the start of the meeting, Jose pointed out the diversity of the panel itself, this being important to note because of the … [Read more...] about Charting Our Path: Minority Narratives in the Corporate World
The Legacy Market “Buy-Side” and The Impact of Private Equity
David Luce, a Partner with Willkie Farr & Gallagher LLP moderated a panel that examined the new entrants in the run-off market buy-side, recent M&A activity, and market entrances and exits. The panelists also discussed the motivation of private equity in run-off, and the impacts of private equity firms taking ownership of certain major players. The panelist included … [Read more...] about The Legacy Market “Buy-Side” and The Impact of Private Equity
Ambac gets shareholder approval for sale of legacy financial guarantee businesses
Ambac Financial Group, the insurance holding company, has announced that its shareholders have voted to approve the proposed purchase agreement under which funds managed by Oaktree Capital Management LP will acquire its legacy financial guaranty businesses: Ambac Assurance Corporation and Ambac Assurance UK Limited. The deal was first announced in June 2024, where we … [Read more...] about Ambac gets shareholder approval for sale of legacy financial guarantee businesses
AIRROC Welcomes Elaine Rocha, Esq., former Global Chief Investment Officer of AIG as Keynote Speaker
AIRROC was honored to have Elaine Rocha, Esq., most recently the former Senior Vice President and Global Chief Investment Officer of AIG as the opening keynote speaker for the October 2024 Legacy Transactions & Networking Forum. A Jersey girl hailing from Asbury Park she is, no surprise, an enthusiastic fan of The Boss, Bruce Springsteen. She describes how she “fell into” … [Read more...] about AIRROC Welcomes Elaine Rocha, Esq., former Global Chief Investment Officer of AIG as Keynote Speaker
Non-life insurance run-off deals review Q3 2024
Q3 2024 saw 15 deals disclosed, almost double the number of deals in the first half of the year, bringing the total deal numbers to 23 year to date. North America was the most active territory in Q3, with ten deals disclosed and the six with disclosed deal values transferring a combined $2.6bn of gross reserves. The UK and Ireland also saw four deals announced in Q3 … [Read more...] about Non-life insurance run-off deals review Q3 2024
Ardit Kerimi Awarded the 2024 Trish Getty Scholarship
AIRROC and AIRROC’s NextGen Council honored the 2024 Trish Getty Scholarship recipient, Ardit Kerimi, 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 Ardit Kerimi Awarded the 2024 Trish Getty Scholarship
Artificial Intelligence for Insurance Professionals
Annamarie Giblin, a Partner with Norton Rose Fulbright presented on the topic of artificial intelligence (known as "AI") technology and its related legal concerns tailored for insurance professionals. A video replay of this presentation is available on the AIRROC On Demand platform. Currently, the proliferation and power of AI is the subject of intense debate. This … [Read more...] about Artificial Intelligence for Insurance Professionals
AIRROC 2024 Person of the Year
Knowledgeable, personable, creative, authentic. That's how colleagues describe Marty Rosemann, Global Head of Transaction and Legacy Management at Swiss Re and recipient of the 2024 AIRROC Person of the Year. This honor is bestowed annually on an individual or team that has made a significant contribution to the run-off industry and who has demonstrated the vision and … [Read more...] about AIRROC 2024 Person of the Year
Lloyds introduces new legacy review and approval requirements for 2025
All new legacy deals will require pre-transaction review and approval by Lloyd's as of 1 January 2025. Read More... … [Read more...] about Lloyds introduces new legacy review and approval requirements for 2025
PwC’s Bichard: Legacy Insurance Market Rebounds, Signaling Shift in Capital Management
Jim Bichard, global insurance leader, PwC, said activity has shifted to fewer but larger deals, indicating the growing relevance of legacy transactions as a sophisticated capital management tool. Read More... … [Read more...] about PwC’s Bichard: Legacy Insurance Market Rebounds, Signaling Shift in Capital Management
U.S. Runoff Industry
MULREADY MINUTES PODCAST Mulready Minutes Podcast series examines key topics in the insurance industry from a regulator’s point of view. Featured guests are top executives in insurance and private sector companies. Get inspired by professionals from around the globe and in all sectors as they share their challenges, triumphs, and successes. Expand your knowledge and learn … [Read more...] about U.S. Runoff Industry
AIRROC Abroad
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
NextGen Council Corner
AIRROC NextGen and Mound Cotton Wollan & Greengrass will be cohosting a luncheon workshop at the AIRROC Transactions & Networking Forum on October 22, 2024. This in-person event will run from 12:00pm - 2:30pm and is open to everyone - not just attendees for the October Event. However, registration is required. REGISTER HERE This luncheon workshop will cover the basics … [Read more...] about NextGen Council Corner
Locke Lord and Troutman Pepper Announce Merger
With More Than 1,600 Attorneys, the Combined Firm Will Have an Expanded Footprint With Deeper Capabilities in Key Industries (September 6, 2024) – Locke Lord and Troutman Pepper have agreed to merge effective January 1, 2025. The new law firm, which will be named Troutman Pepper Locke, will have more than 1,600 attorneys in 33 offices in the United States and two in Europe, … [Read more...] about Locke Lord and Troutman Pepper Announce Merger
Diamond’s Negotiation Tactics Sparkle
Stuart Diamond’s Getting More: How to Negotiate to Achieve Your Goals in the Real World Negotiation Strategies: Tips for Establishing Connection and Optimizing Results Series: Part 7 Books on negotiation come and go, but occasionally one introduces new, meaningful, and useful recommendations for achieving successful negotiations. Getting More is such a book. In it, Stuart … [Read more...] about Diamond’s Negotiation Tactics Sparkle