AIRROC announces the 2021 board leadership. The officers are Chair Bill Teich (The Hartford) and the two Co-Vice Chairs are Bill Goldsmith (AIG) and Betsy Mitchell (Armour Risk). Marianne Petillio (ROM Re) serves as Treasurer and Megan McHugh, Brandywine Holdings acts as the Secretary of the Board. The Chair (Teich) and two Co-Vice Chairs (Goldsmith and Mitchell), … [Read more...] about AIRROC Confirms Board Leadership and New Directors for 2021
AIRROC News
AIRROC Awards Trish Getty Scholarship 9th Annual Award Recipient Ashley Martin
AIRROC awarded it’s annual Trish Getty Scholarship to Ashley Martin, a junior with a double major in Risk Management and Accounting at Saint Joseph’s University in Philadelphia. In a first for AIRROC, the award was presented virtually by Executive Director Carolyn Fahey and while Ms. Martin could not participate in the live stream, she graciously thanked AIRROC in a … [Read more...] about AIRROC Awards Trish Getty Scholarship 9th Annual Award Recipient Ashley Martin
Insurance in the Working from Home Age
The Jacobson Group’s Judy Busby, Senior Vice President, and Brett Carter, Managing Director, hosted this insightful session. They addressed the current state of the insurance industry’s labor market and the multi-generational makeup of its workforce. The presentation was followed by a panel discussion moderated by Judy Busby, featuring a multi-generational panel of … [Read more...] about Insurance in the Working from Home Age
AIRROC Person of the Year 2020: Paul Corver, Group Head of M&A Randall & Quilter
One key highlight of the AIRROC annual Transactions & Networking Forum is the presentation of the Person of the Year Award. The award gives our band of brethren a chance to acknowledge and celebrate the vision, energy, and leadership of those in our business who play a key role in influencing our work and how the investment community perceives the value of our work. This … [Read more...] about AIRROC Person of the Year 2020: Paul Corver, Group Head of M&A Randall & Quilter
The CFO Perspective
Day 1 of our October 2020 meeting saw Scott Maries - CFO of Premia Re, Simon Hawkins – former CFO of Compre, and John Regan – CFO of Swiss Re of America, put on a presentation, moderated by Kelly Superczynski – Aon’s Head of Capital Advisory. The discussion covered everything from legacy balance sheet and reporting matters, to raising capital, and the pace and trends in the … [Read more...] about The CFO Perspective
Insights on Legacy in 2020
The Panelists for the first education session of our virtual Transactions & Networking Forum included: Paul Corver, Group Head of M&A, R&Q, Marcus Doran, EVP, Group Complex Claims Officer, Armour Risk Management (Moderator), Paul Ginnett, CEO, Allianz Reinsurance America, Inc., Linda Johnson, Head of Legacy Practice, TigerRisk and Matt Kunish, Chief Business … [Read more...] about Insights on Legacy in 2020
AIRROC Kicks Off 2020 Virtual Forum – A New Look at Legacy
AIRROC kicked off its first virtual conference with a welcome and introduction from our Executive Director, Carolyn Fahey. Carolyn spoke about the resiliency she has seen in our organization, and in our industry, during the past 6 months, culminating in the decision to go forward with our premier annual event in a new and exciting format. After a thank you to the Board of … [Read more...] about AIRROC Kicks Off 2020 Virtual Forum – A New Look at Legacy
A Virtual Zoom call with the AIRROC NextGen Task Force
A Virtual Zoom call with the AIRROC NextGen Task Force An actual Zoom call would be harder to schedule than a virtual happy hour in the pandemic-hectic work lives of our busy NextGen Task Force members. So, we asked the Task Force members to answer few questions about their views on remote work and the Task Force. What follows is a virtual version of a virtual team meeting. … [Read more...] about A Virtual Zoom call with the AIRROC NextGen Task Force
AIRROC’s Runoff Webinar Series Takes Off
AIRROC’s Spring 2020 entry level webinars were a smashing success. So much so, that more are on the way! To learn more and register, please click here. AIRROC’s Three Part Webinar Series With the majority of insurance professionals working from home as the result of the global pandemic, AIRROC’s three part webinar series was a great success … [Read more...] about AIRROC’s Runoff Webinar Series Takes Off
Message from Carolyn Fahey, AIRROC’s Executive Director
I hope that you are all keeping safe and well in these challenging and unprecedented times. As you may expect, lots of events and initiatives we had planned have been impacted given the circumstances. You can keep up to date on the status of our programs on our website. A few items to note include the cancellation of the June 1 Chicago Regional and the July 14-15 … [Read more...] about Message from Carolyn Fahey, AIRROC’s Executive Director
Meet our New Board Members
AIRROC extends a warm welcome to new Board Members Simon Hawkins, Dawn Ballin and Brendan McQuiggan and congratulates Megan McHugh in her new role as Secretary of the Board. AIRROC looks forward to the enthusiasm and fresh ideas they bring and working with them towards a successful journey together. Let us introduce you to the newest members of our talented, creative and … [Read more...] about Meet our New Board Members
2019 Annual Review of Non-Life Insurance Run-Off Deals
PwC issue their second annual summary of publicly announced non-life run-off deals which shows a continuing trend of transaction activity across the globe. Read more here - /wp-content/uploads/2020/03/non-life-insurance-run-off-q4-deals-update.pdf … [Read more...] about 2019 Annual Review of Non-Life Insurance Run-Off Deals
AIRROC Confirms Board Leadership and New Directors for 2020
AIRROC announces the 2020 board leadership. The officers are Chair Bill Teich (The Hartford) and Co-Vice Chair Bill Goldsmith (AIG). Collectively serving as AIRROC's Executive Committee along with Executive Director, Carolyn Fahey, they bring many years of experience and insights with them. Teich is Vice President of Reinsurance at The Hartford and … [Read more...] about AIRROC Confirms Board Leadership and New Directors for 2020
David Scasbrook Named AIRROC Person of the Year for 2019
New Jersey, October 21, 2019 The Association of Insurance and Reinsurance Run-Off Companies (AIRROC) has posthumously named David Scasbrook as the winner of the 2019 Person of the Year award. 2019 marks the 15th year that AIRROC has bestowed this annual award. The award was announced on October 21 at AIRROC’s 15th Annual Forum in Jersey City, NJ. This award is … [Read more...] about David Scasbrook Named AIRROC Person of the Year for 2019
Karen Amos, “Outgoing” Board Member
After serving on AIRROC’s board for 14 years, most recently as Chair of the Education Committee, Karen Amos stepped down effective January 1, 2019. Resolute nominated Arvind Krishnamurthy to run for Karen’s spot, and the AIRROC membership elected him in the October 2018 election cycle for a three-year term. As Chief Operating Officer of Resolute Management Services Limited … [Read more...] about Karen Amos, “Outgoing” Board Member
Grabbing the Baton: Meet the New AIRROC Board Members 2019
AIRROC continues to attract talented, experienced, and committed members to serve on its board. Please join us in welcoming Eleni Iacovides, Arvind Krishnamurthy, and Bill Bouvier as the newest members. To encourage our readers to get to know each of them better, we include a “conversational gambit” about each. Eleni Iacovides, Group Chief Client Officer at DARAG Group Ltd., … [Read more...] about Grabbing the Baton: Meet the New AIRROC Board Members 2019
Luann Petrellis: AIRROC Person of the Year 2018
Luann Petrellis may be relatively new to the AIRROC network, but her experience in managing run-off portfolios and her most recent work on legislative reform efforts to support restructuring have fueled her rapid ascension into the AIRROC panoply of stars: The AIRROC Person of the Year Award of 2018. She joins past winners: Stephen Johnson (2017), William Flaherty (2016), The … [Read more...] about Luann Petrellis: AIRROC Person of the Year 2018
Legacy Link: William Teich
With this edition, we are introducing Legacy Link, a new look and perspective that will replace our prior Spotlight column. In Legacy Link, we will highlight the personal side of the business. We hope to give our members a chance to connect by sharing professional experiences, hobbies and ideas that further our networking initiatives, and build our community of runoff claims … [Read more...] about Legacy Link: William Teich
Results Are In… AIRROC Co-Sponsors First PwC Global Insurance Runoff Survey
In January 2018, we launched the eleventh edition of our run- off survey, in conjunction with both IRLA and, for the first time, AIRROC. Our survey was expanded to account for the worldwide nature of the run-off market and estimated the value of the global non-life run-off market to be at least US$730bn. It is no shock that the U.S. dominates the global market by value and, by … [Read more...] about Results Are In… AIRROC Co-Sponsors First PwC Global Insurance Runoff Survey
AIRROC Awards Trish Getty Scholarship
AIRROC presented the Trish Getty Scholarship to two very deserving St. Joseph’s University students. The 6th Annual award recipients are Ashley Myers and Samantha String, who are both juniors majoring in Risk Management and Insurance. The selection committee had a difficult time choosing between the two candidates so decided to split the scholarship for the first time in its … [Read more...] about AIRROC Awards Trish Getty Scholarship