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 News
AIRROC is “Back on Broadway”!
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
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
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
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
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
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
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
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
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
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
NextGen Task Force Corner
The bi-weekly podcast series is designed to introduce young professionals to the legacy (re)insurance space. You can find our podcasts on the AIRROC website under the Education tab or HERE. Episode 3: Marcus Doran, Senior Director of Commutations and Reinsurance Finance at AIG, stops by to discuss his legacy career. Marcus also provides his theories on why the insurance … [Read more...] about NextGen Task Force Corner
Congratulations to Oumou Tounkara, 2021 Trish Getty Scholarship Recipient
AIRROC in conjunction with the NextGen Task Force is excited to present the Trish Getty Scholarship to Oumou Tounkara. While the scholarship had significant interest from the many students aspiring to enter the insurance industry, Oumou stood out for her excellent academic performance, leadership and involvement in numerous extracurriculars. Oumou is a senior at Saint … [Read more...] about Congratulations to Oumou Tounkara, 2021 Trish Getty Scholarship Recipient
A Bright Time for Legacy
The education portion of AIRROC’s Fall 2021 Legacy Transactions & Networking Forum kicked off with a lively panel discussion on the current state of the legacy space, highlighting the large number of successful recent deals, the forces that drive transaction supply and demand, and the challenges that lie ahead. Titled “A Bright Time for Legacy,” the discussion was … [Read more...] about A Bright Time for Legacy
IBT’s and Divisions – News and Noteworthy Developments
One of the highlights of the 2021 Legacy Transactions & Networking Forum hosted by AIRROC was the presentation by industry leaders and experts on the current legal and regulatory landscape affecting the Insurance Business Transfer (“IBT”) and Division space. Jonathan Bank, Of Counsel, Locke Lord LLP, chaired the panel of state regulators, stakeholders, and experienced … [Read more...] about IBT’s and Divisions – News and Noteworthy Developments
The Anatomy of a Transaction
A reflection on the legacy market journey and what delivers success for all stakeholders. Transparency emerged as a recurring theme to a successful legacy transaction during the educational session, “The Anatomy of a Transaction” moderated by AIRROC’s Executive Director, Carolyn Fahey, at the October networking forum in Jersey City. Offering insights from their respective … [Read more...] about The Anatomy of a Transaction
Claims Updates: Molestation and PFAS
The panel on emerging risks, hosted by Marcus Doran, Senior Director of Commutations, Reinsurance Finance at AIG, focused on molestation and PFA claims. Amy Kallal of Mound, Cotton, Wollan & Greengrass updated the delegates on recent developments concerning molestation claims. To date, there have been a number of different sources of molestation claims, including claims … [Read more...] about Claims Updates: Molestation and PFAS
MGA Issues in Legacy Business
The panelists for this insightful session on the relationships between insurers and the agents they work with included Katherine Billingham, General Counsel, DUAL North America, Joe Loggia, Vice President, Buxbaum Loggia, and Rod Perry, Senior Vice President, Rockville Risk Management with Katheleen Ehrhart, Partner at Freeborn & Peters serving as panel chair. MGA/TPA … [Read more...] about MGA Issues in Legacy Business
NextGen Task Force Corner
Following the successful launch of the podcast series “The Legacy Life”, AIRROC NextGen Task Force released our second episode on September 22nd. In this episode, Kathryn Reynolds sits down with Paul Corver, Head of Legacy M&A at R&Q, to discuss his career in the legacy space and why young professionals should be excited about runoff. Paul starts off by explaining the … [Read more...] about NextGen Task Force Corner
Spotlight on Peter Scarpato – Let the Adventures Begin!
“There is a superhero in all of us, we just need the courage to put on the cape.” - Superman That is NOT Peter’s favorite quote. (We will get to that detail later.) But if you speak with Peter’s colleagues, associates, and many friends in the re/insurance business, as we have in preparing this article, you quickly understand that Peter is a superhero to all. What is his … [Read more...] about Spotlight on Peter Scarpato – Let the Adventures Begin!
