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 Latest News
Ever Expanding
AIRROC is excited to announce the addition of Nationwide Indemnity as a new Member to our ever-expanding network. You may have meet some of the Nationwide delegates at the October 2024 Legacy Transaction & Networking Forum who were first time attendees. What a great way to kick off their membership and experience the benefits of AIRROC and the quality of our network. We … [Read more...] about Ever Expanding
Hats Off to New Recipients of CLP Designation!
One of the highlights of the 2024 Legacy Transactions & Networking Forum was awarding the Certified Legacy Professional ("CLP”) designation to several legacy professionals who have completed the necessary coursework. The CLP designation recognizes our band of brethren who have demonstrated specialized professional knowledge and experience in the legacy sector. … [Read more...] about Hats Off to New Recipients of CLP Designation!
Non-life insurance run-off deals review Q3 2024
Q3 2024 saw 15 deals disclosed, almost double the number of deals in the first half of the year, bringing the total deal numbers to 23 year to date. North America was the most active territory in Q3, with ten deals disclosed and the six with disclosed deal values transferring a combined $2.6bn of gross reserves. The UK and Ireland also saw four deals announced in Q3 … [Read more...] about Non-life insurance run-off deals review Q3 2024
Ardit Kerimi Awarded the 2024 Trish Getty Scholarship
AIRROC and AIRROC’s NextGen Council honored the 2024 Trish Getty Scholarship recipient, Ardit Kerimi, during the awards ceremony at the October Legacy Transactions & Networking Forum in Jersey City, NJ. Since 2012, the $5,000 Trish Getty Scholarship has been awarded to an exceptional undergraduate student studying insurance, risk management, or actuarial science. The … [Read more...] about Ardit Kerimi Awarded the 2024 Trish Getty Scholarship
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
NextGen Council Corner
AIRROC NextGen and Mound Cotton Wollan & Greengrass will be cohosting a luncheon workshop at the AIRROC Transactions & Networking Forum on October 22, 2024. This in-person event will run from 12:00pm - 2:30pm and is open to everyone - not just attendees for the October Event. However, registration is required. REGISTER HERE This luncheon workshop will cover the basics … [Read more...] about NextGen Council Corner
Locke Lord and Troutman Pepper Announce Merger
With More Than 1,600 Attorneys, the Combined Firm Will Have an Expanded Footprint With Deeper Capabilities in Key Industries (September 6, 2024) – Locke Lord and Troutman Pepper have agreed to merge effective January 1, 2025. The new law firm, which will be named Troutman Pepper Locke, will have more than 1,600 attorneys in 33 offices in the United States and two in Europe, … [Read more...] about Locke Lord and Troutman Pepper Announce Merger
NextGen Council Corner
AIRROC NextGen was formed to create educational, networking, and leadership opportunities for young professionals in the legacy space. Key to NextGen’s mission is simply educating young professionals about the opportunities that legacy provides. On July 11, 2024, AIRROC’s NextGen Council participated in the ReUnder40s half-day Intern Summer Summit in New York City at which … [Read more...] about NextGen Council Corner
The AIRROC 20th Annual NJ Legacy Transactions and Networking Forum is coming in hot!
Come join us as AIRROC celebrates its 20th Annual Legacy Transactions and Networking Forum from Sunday, October 20 through Tuesday October 22, 2024. If you are a legacy professional, this popular event is a “must attend” conference that draws nearly 300 delegates from around the world for three days of learning, inspiration, networking and deal making. This year we return … [Read more...] about The AIRROC 20th Annual NJ Legacy Transactions and Networking Forum is coming in hot!
We need to talk about exit solutions
Exit strategies, a critical yet often under-discussed aspect of the captive insurance lifecycle, are essential for captive owners planning their future transitions. Although these strategies can be complex and sensitive, which might not suit early conversations with prospective captive owners, more transparent discussions about the strategies involved, and when they are … [Read more...] about We need to talk about exit solutions
A Guiding Light for Legacy
AIRROC has embarked on a strategic planning process, retaining Wendy Scott & Associates to lead and facilitate the development of a plan to shape the next chapter of AIRROC’s development. A half-day in person session was held the day before the Summer Membership Meeting with our facilitator, the AIRROC Board of Directors, the Advisory Council, the NextGen Council, and key … [Read more...] about A Guiding Light for Legacy
Meet Our Newest Corporate Partner
AIRROC extends a warm welcome to Clifford Chance, our latest Corporate Partner. We are delighted to have this international legal powerhouse join the AIRROC community and look forward to working in partnership and collaborating with them. Clifford Chance is a full-service international law firm with over thirty offices in twenty-two countries. The firm advises … [Read more...] about Meet Our Newest Corporate Partner
Our July Membership Meeting is Right Around the Corner!
Summer Meeting Alert! Last Chance to Register! Join us in New York from Tuesday, July 16 to Wednesday, July 17 for our Annual Summer Membership Meeting. Don’t miss the chance to catch up with legacy colleagues and hear from industry experts! The AIRROC Board of Directors looks forward to reuniting with our legacy colleagues. As in the past few years, Norton Rose Fulbright … [Read more...] about Our July Membership Meeting is Right Around the Corner!
NextGen Council Corner
The insurance industry is often seen as a realm of numbers and policies, but behind every successful insurance professional is often a surprising journey. To shed light on these inspiring stories, AIRROC NextGen launched a new video series titled: "NextGen Asks: How Did You Get Your Start in Runoff/Legacy?" This series delves into the careers of new and seasoned insurance … [Read more...] about NextGen Council Corner
Swiss Re to exit iptiQ: strategic shift sparked by weak demand, lower tech threat
Swiss Re may be in the market for buyers for some parts of its digital insurer, iptiQ. Read More... … [Read more...] about Swiss Re to exit iptiQ: strategic shift sparked by weak demand, lower tech threat
NextGen Council Corner
AIRROC NextGen is pleased to announce its 2024 council and committee members. The NextGen Council and its Education, Social, Digital Content and Award committees are a cornerstone of AIRROC's commitment to nurturing young insurance professionals and providing members with invaluable opportunities for leadership, networking, and contributing fresh perspectives to the run-off … [Read more...] about NextGen Council Corner
AIRROC Returns to the Windy City
The AIRROC Chicago Regional Education Day is back! Join us in person at this one-day event on June 6, 2024 at the Willis Tower, 34th Floor Conference Center. Can’t make it in person, a virtual live stream is also offered. The views will be fantastic as is the content that we have planned for you! Our featured keynote speaker is Kimberly George, Global Chief Brand Officer of … [Read more...] about AIRROC Returns to the Windy City
New Trends in Workers Comp Drugs: Unintended Consequences of the Changing Opioid Laws and Policies
The opioid epidemic has had a devastating impact on society and a profound toll on public health and opioid-involved deaths. The multifaceted aspects of the opioid crisis have had an effect clinically, financially and negatively influence workers compensation. While there has been a significant decline in opioid prescribing, new medications are diversifying the drivers of … [Read more...] about New Trends in Workers Comp Drugs: Unintended Consequences of the Changing Opioid Laws and Policies
