Our season of growth continues! AIRROC is thrilled to announce that White and Williams, LLP has joined the AIRROC network as a Corporate Partner. White and Williams has been a long time supporter of AIRROC and has now taken the step to formalize the relationship. We extend a warm welcome to our new Partner and look forward to collaborating and working with them. About … [Read more...] about White and Williams Joins as Corporate Partner
AIRROC Latest News
In a thorough overview of the current landscape of Opioid litigation, the final panel of the AIRROC Spring Membership Meeting presented a compelling view of why the liability trends and coverage issues involved in this litigation are expanding the scope and theories of exposure extend beyond opioid claims; it also highlighted the unique impact of opioid use on workers’ … [Read more...] about Opioids – Why this Still Needs our Attention
The 2021 AIRROC Spring Meeting was kicked off by the rise of the InsurTechs presentation given by Brian T. Casey and Benjamin P. Sykes of Locke Lord LLP, Cole Winans of Flyreel and Brent Williams of Benekiva. Many of the InsurTechs making headlines today are directly involved in one or more of the traditional segments of the insurance industry – selling, adjusting or … [Read more...] about The Non-InsurTechs – How Technology Focused InsurTechs Are Changing the Face of the Industry Without Selling a Single Policy
The Panelists for the first education session of day two of our virtual Spring Membership Meeting included Michelle Harnick, Managing Director, Guy Carpenter, David Luce, Partner, DLA Piper and Ed Torres, Executive Vice President, Willis Towers Watson. AIRROC Executive Director Carolyn Fahey who served as moderator facilitated the discussion. Michelle kicked off the … [Read more...] about Market Capacity – What Does it Mean for the Legacy Market?
In 2020 over $7 billion was invested globally in InsurTechs as cited by Paul Chen, Partner at Mayer Brown, who moderated the educational session, “Creating Value in Runoff through Collaboration with InsurTechs.” Fellow Mayer Brown partner Stephanie Duchene joined the panel along with Nick Daley of Plug and Play, Nicos Vekiaridies of Attestiv and Andrew Naoum of EvolutionIQ. … [Read more...] about Creating Value in Runoff through Collaboration with InsurTechs
The brilliant answer that Bill Goldsmith gave to one of my favorite question for legacy link subjects was: “The Boy Scout Handbook.” And the question was…“What is your favorite business or leadership book?” The core principles of the Boy Scouts include teaching, mentoring, and the development of leadership skills. These same principles are what Bill finds most rewarding about … [Read more...] about Legacy Link: Meet Bill Goldsmith
Keeping with our normal schedule, the AIRROC Spring Membership Meeting is coming to you virtually on March 9-10. You will have the opportunity to enjoy CLE education sessions on cutting-edge topics in the morning on both days and the ability to set up meetings to connect with other attendees with our neutral and secure platform. Connect with clients and companies that you are … [Read more...] about Spring Membership Meeting 2021
AIRROC extends a warm welcome to new member Genesis Legacy Solutions, LLC. We are delighted to have Genesis join the AIRROC community and look forward to collaborating with them. Genesis Legacy Solutions, LLC (“GLS”) was formed in December 2020 by Maiden Holdings. GLS specializes in providing a full range of legacy services to small US insurance entities, … [Read more...] about Meet Our Newest Member
Earlier this month AIRROC hosted its Insurance Business Transfer (“IBT”) Workshop, which brought together (virtually) industry leaders and experts for a half-day of presentations and discussions on the legal and regulatory landscape affecting the IBT space. A highlight of the day was a review of lessons learned during the recent, first-of-its kind transaction under Oklahoma’s … [Read more...] about Insurance Business Transfer Workshop
The AIRROC NextGen Task Force met virtually in February to kick start 2021 events and to continue the planning for 2021 activities. On February 3rd, Matt DiSanto, Co-Chair of NextGen Task Force, presented at the AIRROC webinar "2020 Deals: The Year in Review." A joint presentation from PwC, Aon, and the AIRROC NextGen Task Force, the session reviewed 2020 global deal … [Read more...] about NextGen Task Force Corner
Welcome to the thirteenth edition of PwC’s Global Insurance Run-off Survey, which has been produced in conjunction with IRLA and AIRROC. The growth in legacy activity predicted in the last edition of this survey has materialised, boosted by significant investment in both new and existing legacy players. The market has maintained its momentum, with over 100 legacy deals publicly … [Read more...] about Global Insurance Run-off Survey 2021
AIRROC is pleased to announce the addition of two new members, BMS Group Ltd. and Fortitude Reinsurance Company Ltd., and Gallagher Bassett as a new Corporate Partner. AIRROC looks forward to working together with BMS, Fortitude Re and Gallagher Bassett on a number of dimensions with the intention of delivering greater service to our shared communities of legacy … [Read more...] about AIRROC Continues to Grow its Network!
AIRROC Matters is being rebranded to increase its appeal to professionals working in the legacy sector. We would like your help in coming up with a fitting and catchy name! “AIRROC Matters” was the original name of our quarterly print magazine. In August of 2019 we switched to a digital newsletter to enable us to publish more frequently and provide our audience with the most … [Read more...] about Help Us Rename the AIRROC Matters Newsletter!
The AIRROC NextGen Task Force is a diverse group of young professionals who work in conjunction with the AIRROC Board of Directors and Executive Director to explore ways to transfer knowledge about legacy, engage with and provide networking and educational opportunities for the next generation of legacy industry and AIRROC association leaders. As part of our communication … [Read more...] about NextGen Task Force Corner
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
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 Executive Director, Carolyn Fahey, participates in webinar for Captive Insurance Companies Association. https://www.captiveinternational.com/news/runoff-strategies-can-help-captives-adjust-to-post-covid-19-world-cica-3564 … [Read more...] about Runoff strategies can help captives adjust to post-COVID-19 world
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
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
AIRROC is honored to remember David Scasbrook of Swiss Re with Person of the Year Award. A fitting tribute to an industry giant who will be very missed. Don't count the days, make the days count. ― Muhammad Ali It is with profound sadness and deepest respect that the AIRROC community remembered and honored David Scasbrook at this year’s 15th Annual AIRROC NJ Legacy … [Read more...] about AIRROC Person of the Year: David Scasbrook