After serving on AIRROC’s board for 14 years, most recently as Chair of the Education Committee, Karen Amos stepped down effective January 1, 2019. Resolute nominated Arvind Krishnamurthy to run for Karen’s spot, and the AIRROC membership elected him in the October 2018 election cycle for a three-year term. As Chief Operating Officer of Resolute Management Services Limited … [Read more...] about Karen Amos, “Outgoing” Board Member
AIRROC continues to attract talented, experienced, and committed members to serve on its board. Please join us in welcoming Eleni Iacovides, Arvind Krishnamurthy, and Bill Bouvier as the newest members. To encourage our readers to get to know each of them better, we include a “conversational gambit” about each. Eleni Iacovides, Group Chief Client Officer at DARAG Group Ltd., … [Read more...] about Grabbing the Baton: Meet the New AIRROC Board Members 2019
Luann Petrellis may be relatively new to the AIRROC network, but her experience in managing run-off portfolios and her most recent work on legislative reform efforts to support restructuring have fueled her rapid ascension into the AIRROC panoply of stars: The AIRROC Person of the Year Award of 2018. She joins past winners: Stephen Johnson (2017), William Flaherty (2016), The … [Read more...] about Luann Petrellis: AIRROC Person of the Year 2018
With this edition, we are introducing Legacy Link, a new look and perspective that will replace our prior Spotlight column. In Legacy Link, we will highlight the personal side of the business. We hope to give our members a chance to connect by sharing professional experiences, hobbies and ideas that further our networking initiatives, and build our community of runoff claims … [Read more...] about Legacy Link: William Teich
In January 2018, we launched the eleventh edition of our run- off survey, in conjunction with both IRLA and, for the first time, AIRROC. Our survey was expanded to account for the worldwide nature of the run-off market and estimated the value of the global non-life run-off market to be at least US$730bn. It is no shock that the U.S. dominates the global market by value and, by … [Read more...] about Results Are In… AIRROC Co-Sponsors First PwC Global Insurance Runoff Survey
AIRROC presented the Trish Getty Scholarship to two very deserving St. Joseph’s University students. The 6th Annual award recipients are Ashley Myers and Samantha String, who are both juniors majoring in Risk Management and Insurance. The selection committee had a difficult time choosing between the two candidates so decided to split the scholarship for the first time in its … [Read more...] about AIRROC Awards Trish Getty Scholarship
Stephen Johnson exemplified the attributes that earned him this award by beginning his acceptance speech with praise for this year’s recipients of the Trish Getty Scholarship award. He led an enthusiastic round of applause for Ashley Myers and Samantha String (both students at Saint Joseph’s University) and the prospect of a future in the insurance business that includes such … [Read more...] about AIRROC Person of the Year 2017 – Stephen J. Johnson
Legacy education and training is a growing market. Barbara Hadley of Iskaboo asked Ben Baker of IRLA and Carolyn Fahey of AIRROC how they define ‘training’ and ‘education’ in the context of their respective associations. ‘To the IRLA Academy, training and education go hand in hand depending on what needs to be achieved,’ says Baker. ‘Training is aimed at developing a new, or … [Read more...] about Learning about Legacy: Interview with Ben Baker of IRLA and Carolyn Fahey of AIRROC
Our process of writing a profile of the Person of the Year began, as it always begins, with an interview of our star, Bill Flaherty, and questions that lend themselves to a description of his career. But the storyline of Bill’s career is epitomized by the fact that this interview may be only the second time in his career he has been interviewed. The first was when he entered … [Read more...] about AIRROC Person of the Year 2016: Bill Flaherty
Leah Spivey is the type of person who wanted to put her own stamp on her career, and that philosophy led her to the highest levels of the legacy sector of the reinsurance industry. Leah believes her personality—as a self-described “driver” as well as a “people person”— allows her to simultaneously produce results and build strong client relationships. Leah’s route to the top … [Read more...] about Learning about Leah: Head of Business Runoff Operations at Munich Reinsurance America, Inc.
If you know Dick White from industry meetings or dealings with Integrity Insurance Company in Liquidation, you probably did not picture him wearing a biker jacket and cruising down Route 1 to Florida. Of course his jacket patch, rather than depicting an outlaw insignia, would probably include a reference to his favorite leadership book, the Bible. He says “Bible” is an … [Read more...] about The White Knight: Dick White — Proud and Principled
Global traveler Bill Littel feels that one has to take risks or lose the opportunity to move forward. Bill just returned from a vacation in Australia and is planning one to South America next winter. His travel advice to Americans is to not dress like an American, i.e. baseball cap, jeans and sneakers. Some of his favorite memories of savoring the tastes of local foods while … [Read more...] about Bill Littel: Allstate’s All Round Achiever
In October 2014, AIRROC announced the third recipient of the Trish Getty Scholarship to a St. John’s University student. The annual award was established to honor the organization’s founding Executive Director. The 2014 honoree, Abigayle Claflin, and her grandfather recently met Trish for lunch… Abigayle Claflin, our 2014 recipient of the Trish Getty Scholarship Fund at St. … [Read more...] about Where Do Values Spring From?
As reported in the last issue, the AIRROC Board welcomes two new members, J. Marcus Doran and Peter Scarpato, and bids farewell to Keith Kaplan and Glenn Frankel. We are confident that Keith and Glenn will continue their support and active involvement in AIRROC. Peter and Marcus bring lengthy experience with the organization to their new roles. Examining both sides of the … [Read more...] about Evolution: All Aboard the Board
For the fourth year, AIRROC awarded the Trish Getty Scholarship to a St. John’s University student. This year’s award recipient is Brian Kutza, who is a senior, majoring in Actuarial Science. In presenting the award, Marianne Petillo shared some remarks from the namesake of the scholarship, former Executive Director, Trish Getty. Although she wasn’t able to be there in person, … [Read more...] about AIRROC Awards Trish Getty Scholarship: At. John’s University Actuarial Science Senior Brian Kutza
For the first time since the inception of the “AIRROC Person of the Year” Award, AIRROC has announced that this honor goes to a team of people — Reliance Insurance Company in Liquidation, arguably the largest Property & Casualty liquidation in history. Its distribution percentage to class (b) claimants has risen from 20% in December 2007 to 40%, with $381.6M distributed as … [Read more...] about AIRROC Person(s) of the Year 2015: Reliance Insurance Company in Liquidation