AIRROC Update

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AIRROC Latest News

New AIRROC Regulatory Committee Focuses on Educating Regulators on Runoff

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AIRROC’s Regulatory Committee was established in early 2023 and is co-chaired by two of the AIRROC Board members, Tom Mendralla of Swiss Re and Chris Reichow of R&Q Insurance Holdings, Ltd. The Regulatory Committee has 18 members – a number of which are former regulators.  The focus of the group is to support AIRROC on NAIC and other regulatory activities. As a non-profit … [Read more...] about New AIRROC Regulatory Committee Focuses on Educating Regulators on Runoff

Where Are They Now? 2020 Trish Getty Scholarship recipient: Ashley Martin

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This is the second installment of the "Where Are They Now?" series that reunites with past recipients of the Trish Getty Scholarship to find out where their careers have taken them. Established in 2012, the Scholarship is an annual monetary award in honor of the founding Executive Director of AIRROC. The Scholarship is awarded to an undergraduate student studying insurance, … [Read more...] about Where Are They Now? 2020 Trish Getty Scholarship recipient: Ashley Martin

AIRROC Welcomes Two New Members and a New Corporate Partner

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AIRROC is pleased to announce the addition of two new members, Quest Group and Xitus Insurance Holdings USA, as well as Simpson Thacher & Bartlett LLP as a new Corporate Partner.  AIRROC is delighted to expand its network with this group and extends a warm welcome to its new members along with its newest corporate partner. This line-up not only showcases the mix of global … [Read more...] about AIRROC Welcomes Two New Members and a New Corporate Partner

Smith Gambrell Russell and Freeborn & Peters Complete Combination to Create Global Am Law 150 Firm

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ATLANTA and CHICAGO (April 1, 2023) – Smith, Gambrell & Russell, LLP and Freeborn & Peters, LLP announced today that they have completed their combination, effective April 1, creating a global Am Law 150 law firm operating under the Smith Gambrell Russell name. The combined firm is led by SGR managing partner and executive committee chair, Stephen M. Forte, with legacy … [Read more...] about Smith Gambrell Russell and Freeborn & Peters Complete Combination to Create Global Am Law 150 Firm

Where AI Can Make Dramatic Impacts in Run-Off Transactions

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The 2023 Spring Membership Meeting education program included a presentation on the hot topic of artificial intelligence.  Rooney Gleason, Chief Insurance Officer at Evolution IQ and Adam Fisher, Chief Data Officer at Sedgwick served as panelist with Marcus Doran, Senior Director Commutations at AIG as the moderator. A video replay of this presentation is available in the … [Read more...] about Where AI Can Make Dramatic Impacts in Run-Off Transactions

Hogan Lovells joins the AIRROC Community!

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AIRROC is please to announce the addition of Hogan Lovells to our every expanding group of legacy professionals and extends a warm welcome to them as a new Corporate Partner. AIRROC looks forward to collaborating with Hogan Lovells on a number of initiatives that advance the AIRROC mission and the legacy industry. Hogan Lovells is a global law firm co-headquartered in London … [Read more...] about Hogan Lovells joins the AIRROC Community!

What’s new with the AIRROC DRP?

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We have all heard and read: “AIRROC’s Vision is to be the most valued (re)insurance industry educator and network provider for issue resolution and creation of optimal exit strategies.” That phrase is recited at every AIRROC Board meeting.  AIRROC’s educational content and its networking forums are the instrumentalities of that vision.  But, while those events help us build a … [Read more...] about What’s new with the AIRROC DRP?

Where Are They Now? 2017 Trish Getty Scholarship recipient: Samantha String

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Established in 2012, an annual scholarship in honor of Trish Getty, founding Executive Director of AIRROC, is awarded to one exceptional undergraduate student studying insurance, risk management or actuarial science. After presenting the award to our newest recipient Lori-Ann Knight at the October 2022 AIRROC Conference, we wanted to catch up with a few prior recipients. … [Read more...] about Where Are They Now? 2017 Trish Getty Scholarship recipient: Samantha String

AIRROC Continues to Build its Network Welcoming New Member and Corporate Partner

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AIRROC extends a warm welcome to the Illinois Department of Insurance as a new Member and Chaffetz Lindsey as a new Corporate Partner. What a terrific way to start off 2023 by expanding our network with the addition of these quality organizations. We are delighted to have the Illinois Department of Insurance and Chaffetz Lindsey join the AIRROC community and we look forward to … [Read more...] about AIRROC Continues to Build its Network Welcoming New Member and Corporate Partner

AIRROC Confirms Board Leadership and New Directors for 2023

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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

Fortitude Re named AIRROC “Team of the Year” for 2022

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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

And The 2022 Trish Getty Scholarship Goes To Lori-Ann Knight

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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

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

Legacy Solutions

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The volatile and unpredictable insurance market conditions derived from the impacts of the COVID-19 pandemic, as well as emerging cyber, political, and environmental risks, has seen an increase in activity surrounding captives entering legacy transactions. Increasingly recognised as a strategic portfolio management tool, exit solutions help to free up capital and capacity to … [Read more...] about Legacy Solutions

NextGen Task Force Corner

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In September, our favorite podcast – AIRROC's The Legacy Life – is back for Season 3! Unlike prior seasons where the interviews highlight career journeys of well-established industry leaders in the legacy (re)insurance space, Season 3 aims to spotlight rising stars among the "NextGen" professionals.  Episode 1 features Megan Kuzniewski, AVP and legal counsel in M&A … [Read more...] about NextGen Task Force Corner

R&Q’s Corver: Due diligence critical to managing social inflation as urges “buyer beware”

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Speaking to The Insurer TV as part of #ReinsuranceMonth, R&Q’s group head of legacy M&A said the firm was very conscious of the need to carry out thorough due diligence to properly understand exposures in terms of where claims are arising from within portfolios, and also to “get a real good feel” as to how claims are being managed. “These claims need to be kept on … [Read more...] about R&Q’s Corver: Due diligence critical to managing social inflation as urges “buyer beware”

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

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

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