Warm Remembrances of Carolyn Fahey’s Tenure as AIRROC’s Executive Director When the news of Carolyn Fahey’s announcement spread that she will be stepping down as Executive Director, there was an outpouring of sadness and a great sense of loss among the AIRROC community. Carolyn’s leadership has made AIRROC a stronger professional organization, and her involvement has … [Read more...] about Legacy in Legacy
AIRROC News
From Foundation to Future: What’s Next for AIRROC
When I first became involved with AIRROC in 2018, I never could have imagined the path it would lead me down, or how deeply the organization would shape my career. From founding the NextGen Council to serving on the Board of Directors, AIRROC has been a professional home. It has introduced me to mentors, collaborators, and friends who are not only invested in their own … [Read more...] about From Foundation to Future: What’s Next for AIRROC
AIRROC Announces Departure of Executive Director Carolyn Fahey and Names Katie Reynolds as New Executive Director
After more than a decade of service to AIRROC, Carolyn Fahey has announced that she will depart her role as Executive Director. When the news of Carolyn’s resignation spread, there was an outpouring of sadness and a great sense of loss among the AIRROC community. Carolyn’s leadership has made AIRROC a stronger professional organization, and her involvement has solidified and … [Read more...] about AIRROC Announces Departure of Executive Director Carolyn Fahey and Names Katie Reynolds as New Executive Director
NextGen Council Corner
The AIRROC NextGen Council’s summer plans are in full swing. Over the past several weeks, the Council has released a series of behind-the-scenes interviews with AIRROC experts. The first of these videos, between Council member Sean Collins and Kathleen Ehrhart, a partner with Smith, Gambrell & Russell LLP is available here. On Thursday, July 10, NextGen Council Members … [Read more...] about NextGen Council Corner
NextGen Council Corner
The AIRROC NextGen Council has been abuzz with activity this year. We welcomed four new members to the Council: Brandon Andreyko (Chubb/Brandywine), Ben Dovey (Xitus), Ava Musnicki (Compre), and Priya White (Enstar). Several of the Council members met up at the Spring Membership Meeting held at Norton Rose Fulbright in NYC. The Spring Membership Meeting featured several … [Read more...] about NextGen Council Corner
Dispute Resolution Tool: Early Case Evaluations with Industry Professionals Turned Arbitrators
In the ever-evolving landscape of dispute resolution, AIRROC continuously seeks innovative methods to address conflicts efficiently and effectively. Among these approaches, early case evaluations conducted by seasoned industry professionals who have transitioned into the role of arbitrators’ may be a particularly promising addition to its member services. This approach not only … [Read more...] about Dispute Resolution Tool: Early Case Evaluations with Industry Professionals Turned Arbitrators
Social Media and Insurance Coverage: A TikTok-ing Clock
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
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
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
AIRROC is Leading Legacy into the Future with a New Vision and Mission Statement
Drum Roll! The Board of Directors of AIRROC is pleased to announce our new Mission and Vision: Tag Line: LEADING LEGACY AIRROC’s VISION is to be the legacy market leader through education, collaboration, and innovation. AIRROC’s MISSION is to foster a sustainable legacy market and provide value by engaging stakeholders, sharing knowledge and developing leaders. In … [Read more...] about AIRROC is Leading Legacy into the Future with a New Vision and Mission Statement
Bankruptcies and the Runoff Market – Impacts and Implications
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
AIRROC Welcomes New Member
AIRROC is excited to announce the addition of Elysian as a new Member! We continue to grow and expand our network because of the collective value proposition we offer and what each of our Members brings to an organization with a legacy of success. We are delighted to have Elysian join the AIRROC community and we look forward to collaborating with them. Elysian is an … [Read more...] about AIRROC Welcomes New Member
The Legacy of Liquidations: What You Should Know
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
Lifeguards On Duty – The ECRA Pool
The Excess & Casualty Reinsurance Association Pool (“ECRA Pool”) is one of the largest legacy reinsurance pools spanning decades and involves many insurers and reinsurers in the runoff market. With the demise of R&Q, the ECRA Pool was brought to an abrupt halt in September 2024. Rick Dupree (The Travelers Companies), Judy Harnadek (Resolute Management, Inc.), Andrew … [Read more...] about Lifeguards On Duty – The ECRA Pool
The AIRROC Community Continues to Grow
AIRROC is pleased to announce that Gallo Vitucci Klar LLP has joined as a new Corporate Partner. AIRROC is delighted to expand its network and extends a warm welcome to its newest Corporate Partner. We look forward working with Gallo Vitucci Klar LLP on a number of initiatives and to incorporate them into our network with the shared goal of delivering greater service to the … [Read more...] about The AIRROC Community Continues to Grow
AIRROC Announces New Board Leadership, Officers and Directors for 2025
AIRROC has announced its board leadership for 2025. The officers are Chair Tom Mendralla (Swiss Re), First Vice Chair Dawn Ballin (Enstar), and Second Vice Chair Stewart Richmond (RiverStone Group). The board supporting officers are Marianne Petillo (ROM) as Treasurer, Megan McHugh (Brandywine) as Secretary, and Robert Romano along with Victoria Corder (Norton Rose) as the … [Read more...] about AIRROC Announces New Board Leadership, Officers and Directors for 2025
Non-life insurance run-off deals – 2024 year-end review
The final quarter of 2024 saw 9 publicly announced deals, transferring $2.4bn in disclosed liabilities – capping off a significantly more active second half of the year for the insurance legacy market. 2024 deal activity by region North America again dominated with 58% of disclosed transactions in 2024, followed by the UK & Ireland at 27%. … [Read more...] about Non-life insurance run-off deals – 2024 year-end review
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
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
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
