AIRROC is pleased to announce that its board leaders remain the same for a second year in a row. Heading up the board are Chair Bill Goldsmith (AIG), along with Co-Vice Chairs Tom Mendralla (Swiss Re) and Betsy Mitchell (A.G. Risk Management). The board supporting officers are Marianne Petillo (ROM), Treasurer, Megan McHugh (Brandywine), Secretary and Susan Aldridge (Norton … [Read more...] about AIRROC Confirms Board Leadership and New Directors for 2023
Kevin Harnisch, Head of White Collar and Co-Head of Regulation, Investigations, Securities, and Compliance at Norton Rose Fulbright moderated a panel that dissected the interplay between litigation, insurance, and the reinsurance and legacy worlds vis-à-vis ESG. The panel consisted of John O’Bryan, Partner at Freeborn & Peters, Maureen Gorman, Managing Director at Marsh, … [Read more...] about Managing the Evolving Risks and Expectations Regarding Corporate ESG Disclosure
The evolving market for restructuring and managing long-tail legacy corporate liabilities was the topic of the presentation entitled “Corporate Liabilities Deals.” The panelists included Peter Calleo, Vice President, Senior Legal Counsel, M&A, Investments and Commercial Contracts, Enstar, Andy Hill, Partner, Structured Solutions, McGill & Partners, Robert Hut, CEO, Fara … [Read more...] about Corporate Liabilities Deals
Expect another strong year for the legacy deal marketplace, say a panel of experts during an audience interactive session at the 2022 AIRROC Legacy Transactions & Networking Forum. Mayer Brown LLP Partner, David Alberts, chaired the panel that included Edward S. Hochberg, Head of Global Risk Solutions, Managing Director, Guy Carpenter, Laura Pearson, Senior Manager, PwC, … [Read more...] about The Legacy Dealmaking Landscape: What do YOU think??
The AIRROC NextGen Group hosted the first session of the day that kicked off the 2022 Legacy Transactions & Networking Forum education program. Chris Hamphshire, Vice President – Carrier Practice at Gallagher Bassett and Global President of the CPCU Society was the moderator and session leader. The day started with a focused and thoughtful presentation by Chris on the … [Read more...] about Attracting NextGen Professionals – What Can Companies Do?
Each Year at its Legacy Transactions and Networking Forum AIRROC awards its “Person of the Year” to someone who has had a significant impact on the run-off industry. This year, for the second time in its history, AIRROC awarded this honor to a team of industry professionals. This award acknowledges the team at Fortitude Re whose vision, hard work, and legacy expertise has made … [Read more...] about Fortitude Re named AIRROC “Team of the Year” for 2022
AIRROC in conjunction with the NextGen Council is excited to present the 2022 Trish Getty Scholarship to Lori-Ann Knight. Lori-Ann is a sophomore at Howard University in Washington D.C. She is majoring in mathematics with a concentration in actuarial science. Additionally, she is pursuing a minor in computer science. Established in 2012, the $5,000 annual scholarship is in … [Read more...] about And The 2022 Trish Getty Scholarship Goes To Lori-Ann Knight
Most people in the legacy space have encountered, in one form or another, long tail worker's compensation claims. Too many of us have lost sleep trying to understand how this business was written in the first place, why it wasn’t set up to manage properly, and what can or should be done to manage and resolve lingering, long tail claims. Michael Terelmes of Compe Re, Anthony … [Read more...] about Legacy Workers Compensation Management from Start to Finish
The Association of Insurance and Reinsurance Run-Off Companies (AIRROC) has selected Fortitude Re as the recipient of their annual award for 2022. This is the 18th year that AIRROC has bestowed this annual award. The award was announced on October 17 at AIRROC’s 18th Annual Legacy Transactions Forum in Jersey City, New Jersey. This award is presented each year to recognize … [Read more...] about Fortitude Re named AIRROC Team of the Year for 2022
AIRROC extends a warm welcome to our new Corporate Partner Eversheds Sutherland (International) LLC. We are delighted to have Eversheds Sutherland join the AIRROC community and look forward to collaborating with them. Eversheds Sutherland provides the full range of legal services to a global client base ranging from small and mid-sized businesses to the largest … [Read more...] about Meet Our Newest Corporate Partner
Registration is now Open! AIRROC looks forward to reuniting with our legacy colleagues from Sunday, October 16 through Tuesday October 18, 2022. As in years past, our event host will be The Westin Jersey City Newport, located at 479 Washington Boulevard in Jersey City, New Jersey. The Westin is steps away from the Hudson River with spectacular views of the New York City … [Read more...] about The AIRROC 18th Annual NJ Legacy Transactions and Networking Forum Returns to Jersey City
On May 18, NextGen Task Force member Grant Donkervoet moderated an AIRROC educational event discussing the three dimensions of alternative dispute resolutions (“ADR”). Panelists Bill Goldsmith from AIG, Teresa Snider from Porter Wright Morris & Arthur, LLP and Peter Scarpato, joined Grant. The panelists covered the full path of ADRs starting with negotiations, moving to … [Read more...] about NextGen Task Force Corner
Susan Aldridge Partner at Norton Rose Fulbright (US) LLP and Marc Penchansky, a Partner at White & Williams, LLP presented on the following topic: Human Trafficking Lawsuits: A Growing Risk for Insurance. Their presentation covered federal and state statues that provide relief for claimants who allege they have been trafficked, as well as a review of some applicable case … [Read more...] about Civil Human Trafficking Lawsuits: A Growing Risk for Insurance
Panelists John Cruciani and Scott Davis, both Partners with Husch Blackwell gave an insightful presentation on the Texas Two-Step Bankruptcy, explaining how it works and providing an overview of the Texas corporate statutes from which the maneuver flows. They also discussed the high profile case of Johnson & Johnson (“J&J”), as well as an update on other ongoing cases, … [Read more...] about The “Texas Two-Step” Bankruptcy Strategy
On a sweltering day in NYC, AIRROC opened its Summer Membership Education Day with a panel of experts that described our own industry climate change: the social inflation that is driving nuclear verdicts and run-away inflation in losses. Just as climate change increases the intensity of storms, the social climate surrounding litigation has increased the potential for more … [Read more...] about Litigation Funding and Social Inflation: An Increasing Concern for Insurers
“For this game you need, above all things, to be in a tranquil frame of mind.” Harry Vardon “Achievements on the golf course are not what matters, decency and honesty are what matter.” Tiger Woods “The more I work and practice, the luckier I seem to get.” Gary Player Betsy Mitchell, Co-Vice Chair of AIRROC and Reinsurance Manager, A.G. Risk Management Inc., took time … [Read more...] about Spotlight on New Co-Chair Betsy Mitchell
John Sparks, a Partner with Odom & Sparks, PLLC moderated a panel discussion on the blossoming cannabis industry in Oklahoma and implications and challenges faced by the insurance industry, given the uncharted nature of the market and the federal illegality issue. The panelist included Joe Marcantel, Director, Talisman Casualty Insurance Company and Michael Ridgeway, … [Read more...] about The Wild West of Weed: Oklahoma’s Growing Marijuana Industry
As NYC opens up and welcomes back visitors, AIRROC was glad to be able to do the same! Our first in-person membership meeting in two years was hosted from the 30th Floor offices of Norton Rose Fulbright. The spacious modern office was a perfect backdrop for 125 in-person attendees and another 70 online that joined us for the live streamed education day. It was great to see … [Read more...] about AIRROC is “Back on Broadway”!
The afternoon education program of the Spring Membership Meeting included a claims update on topics touched upon before but, nonetheless, remain significant issues impacting the insurance industry and beyond. A video replay of this two-part presentation is available in the AIRROC On Demand library. Latest Developments in the Opioids Crisis Adam Berardi and Michael Kassak, … [Read more...] about Claims Update: The Opioids Epidemic and “All Sums” Claims Presentations
The education portion of AIRROC’s Spring 2022 Membership Meeting commenced with an informative panel discussion on the evolving threat of ransomware; a topic that has dominated headlines over the past year with such high profile attacks on CNA, Colonial Pipeline and JBS Foods. Patrick Byrnes, Partner, with Locke Lord LLP moderated the discussion that featured remarks from … [Read more...] about Ransomware’s Scary – Be Wary and Ready to Parry