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AIRROC News

Fortitude Re named AIRROC Team of the Year for 2022

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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

The AIRROC 18th Annual NJ Legacy Transactions and Networking Forum Returns to Jersey City

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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

NextGen Task Force Corner

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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

Civil Human Trafficking Lawsuits: A Growing Risk for Insurance

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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

The “Texas Two-Step” Bankruptcy Strategy

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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

Litigation Funding and Social Inflation: An Increasing Concern for Insurers

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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

Spotlight on New Co-Chair Betsy Mitchell

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“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

The Wild West of Weed: Oklahoma’s Growing Marijuana Industry

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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

AIRROC is “Back on Broadway”!

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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”!

Claims Update: The Opioids Epidemic and “All Sums” Claims Presentations

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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

Ransomware’s Scary – Be Wary and Ready to Parry

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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

NextGen Task Force Corner

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The AIRROC NextGen Task Force is gearing up for a busy year. On March 30th, NextGen member Jessica Groenewegen participated in a panel discussion at the AIRROC Spring Membership Meeting. The session was a collaboration among Jessica and Anna Dill from TigerRisk Partners, as well as Dan Gerber from Gerber Ciano Kelly Brady LLP, on the "Basics of Legacy Transactions – LPT’s and … [Read more...] about NextGen Task Force Corner

Basics of Legacy Transactions: LPTs and ADCs

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The NextGen Task Force hosted the closing educational session on March 30th at the AIRROC Spring Membership Meeting led by panelists Anna Dill and Jessica Groenewegen, brokers at TigerRisk’s Legacy Practice Team along with Dan Gerber, Partner at Gerber Ciano Kelly Brady, LLP.  The trio of legacy specialists provided an excellent overview on the basics of loss portfolio … [Read more...] about Basics of Legacy Transactions: LPTs and ADCs

Challenges of Reserving Federal Black Lung Liabilities

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Christine M. Fleming and Alex M. York, of Milliman provided a compelling presentation on the complexities of federal black lung claims at the AIRROC Spring Membership meeting.  As coal continues to decline - the number of jobs nationwide fell to about 40,000 last year from 175,000 in the mid 1980s - you would anticipate that the number of claims for black lung occupational … [Read more...] about Challenges of Reserving Federal Black Lung Liabilities

AIRROC Welcomes New Member Acrisure Re

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AIRROC is pleased to announce the addition of Acrisure Re as a new Member.  AIRROC looks forward to working with the Acrisure Re team on a number of initiatives and to incorporate them into our network with the shared goal of delivering greater service to the legacy community. As a leading independent (re)insurance broking and advisory firm with a deep understanding of both … [Read more...] about AIRROC Welcomes New Member Acrisure Re

NextGen Task Force Corner

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The NextGen Task Force wasted no time and came quick out of the gate in 2022 with an education webinar on January 26th.  The webinar brought together AIRROC's NextGen Task Force and the IRLA Young Professionals Group (“YPG”) to compare and contrast the UK and the US perspectives for two big claims issues – abuse/molestation and sports head injuries. Hosted by AIRROC and … [Read more...] about NextGen Task Force Corner

Expanding our Network: AIRROC Welcomes New Member and Two New Corporate Partners

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AIRROC is excited to announce the addition of the Arkansas Insurance Department as a new Member and two new Corporate Partners: ANS Solutions, LLC and Gerber Ciano Kelly Brady, LLP.  What a great way to kick off the New Year by expanding our network with the addition of these quality organizations. We are delighted to have the Arkansas Insurance Department, ANS Solutions, LLC … [Read more...] about Expanding our Network: AIRROC Welcomes New Member and Two New Corporate Partners

AIRROC Announces New Board Leadership, Officers and Directors for 2022

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AIRROC is pleased to announce our 2022 slate of Officers.  Heading up the board are Chair Bill Goldsmith (AIG) and Vice Chair Betsy Mitchell (A.G. Risk Management).  Marianne Petillo (ROM) will continue to serve as Treasurer, Megan McHugh (Brandywine) as Secretary and Robert Hendel (Guy Carpenter) as Accountant. Immediate Past Chair, Bill Teich (The Hartford) rotated off as … [Read more...] about AIRROC Announces New Board Leadership, Officers and Directors for 2022

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