AIRROC Update

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AIRROC News

Restructuring Solutions in Focus

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One of the cornerstones of AIRROC’s mission and vision is to be the leading industry educator and enhancing knowledge about the legacy market and the exit strategies and solutions they offer.  In furtherance of that role, Carolyn Fahey, Executive Director of AIRROC, Al Bottalico, Insurance Specialist with Norton Rose Fulbright and James Mills, Vice President and Legal Counsel … [Read more...] about Restructuring Solutions in Focus

NextGen Council Corner

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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!

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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

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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

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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

Our July Membership Meeting is Right Around the Corner!

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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

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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

NextGen Council Corner

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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

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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

Spotlight Kimberly George

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INDUSTRY OUTLOOK: The outlook for the insurance industry is strong. Insurance has long been the financial backstop for the global economy. With the constant evolution of risk and risk management, insurance is more important than ever. Tech is changing the way we think about and do business and much of that change is happening right now. It is exciting to experience the … [Read more...] about Spotlight Kimberly George

New Trends in Workers Comp Drugs: Unintended Consequences of the Changing Opioid Laws and Policies

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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

Reopening Closed Remedial Sites

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VERTEX’s Christopher De Carlo, Senior Technical Advisor, Environmental Insurance and Sandra Gaurin, Vice President, Client Services & Technical Support, along with Scott Davis, Partner at Husch Blackwell led a compelling discussion on “Reopening Closed Remedial Sites” at the 2024 Spring Membership Meeting in New York.  The panel discussed the current legal and regulatory … [Read more...] about Reopening Closed Remedial Sites

A Regulator’s View of IBT’s, Division’s and the 2024 NAIC Priorities 

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Panelists Kathy Belfi, KB Regulatory Solutions (former Director of Financial Regulation, Connecticut Insurance Department), John Finston, Finston Consulting Inc. (former Executive Deputy Superintendent for Insurance, NY DFS), Glen Mulready, Commissioner, Oklahoma Insurance Department and Robert Romano, Partner, Norton Rose Fulbright held a roundtable discussion of the trends … [Read more...] about A Regulator’s View of IBT’s, Division’s and the 2024 NAIC Priorities 

Nuclear Verdicts & Social Inflation: Juror Biases & Trends

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How do you get the attention of 100 people attending the last session on the final day of an AIRROC conference?  Well, this presentation started out with the group watching two brief videos of juries deliberating in advance of rendering their verdict. In both scenarios, audience members were able to hear the jurors discussing their opinions on the deep pockets of corporate … [Read more...] about Nuclear Verdicts & Social Inflation: Juror Biases & Trends

The Use of AI in Workers Compensation Legacy Transactions

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Michael Terelmes, Managing Director-USA, Compre Group, moderated a panel on “The Use of AI in Workers Compensation Legacy Transactions” at the AIRROC Spring Membership Meeting. Panelists included Rooney Gleason, Chief Insurance Officer, Evolution IQ, Travis Grulkowski, Principal & Consulting Actuary, Milliman, and Justin Herring, Partner, Mayer Brown. The panelists … [Read more...] about The Use of AI in Workers Compensation Legacy Transactions

AIRROC Welcomes New Member RiverStone International

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AIRROC extends a warm welcome to new member RiverStone International.  We are delighted to have RiverStone join the AIRROC community and very much look forward to a constructive collaborating with them.  RiverStone brings a wealth of market experience and their membership is highly valued and instrumental as AIRROC continues to expand its international reach.  Jamie Saunders, … [Read more...] about AIRROC Welcomes New Member RiverStone International

AIRROC Continues to Build its Network Welcoming Five New Members

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There is no better way to begin a new year that to welcome five new Members to our community.  AIRROC continues to grow and expand its network because of the value proposition we offer and what each of our Members bring to an organization with a legacy of success!  We are excited and thrilled to welcome Great American Insurance Company, Hannover Re, Augment Risk, EMC Re, and … [Read more...] about AIRROC Continues to Build its Network Welcoming Five New Members

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