Shows
IN-the-KnowThe Evolution of the Legacy Sector with Katie ReynoldsKatie Reynolds is the Executive Director of AIRROC, the Association of Insurance and Reinsurance Run-Off Companies, the only U.S. nonprofit dedicated to promoting the interests of the legacy insurance and reinsurance community. She brings nearly a decade of experience in the legacy sector from claims leadership roles at RiverStone and The Hartford. An active AIRROC member since 2020, Katie has served on committees, the NextGen Council, and the Board of Directors. She holds a B.A. from the University of Rochester and a J.D. from the University of New Hampshire School of Law. On this episode of In...
2025-09-2426 min
Mulready MinutesEp 34: U.S. Runoff IndustryEpisode 34 features Commissioner Mulready discussing the US runoff industry with Carolyn Fahey, Executive Director of the Association of Insurance & Reinsurance Run-Off Companies (AIRROC).
Carolyn Fahey is the Executive Director of AIRROC, where she leads the association and the US runoff industry by shaping its strategic direction with the Board of Directors. She manages AIRROC’s operations and is a prominent speaker and writer on the legacy sector, engaging with regulators, associations, and industry groups.
2024-08-2620 min
AIRROC's The Legacy LifeJuliana Toes - Mayer BrownWe are joined by Juliana Toes, an Associate at Mayer Brown, this week on AIRROC’s The Legacy Life. Juliana is a member of the AIRROC NextGen Council, and we have been keeping her very busy with speaking engagements this year. She has presented at the 2023 Deal Forum, the 2023 Regional Education Day in Chicago, the 2023 Demystifying Legacy event with RE40 in NYC and moderated a panel at the 2023 Summer Membership Meeting. While it may sound like a lot (and it is), Juliana says: “It’s been one of the greatest parts about AIRROC.” She enjoys having “the opportunity...
2023-08-2313 minAIRROC's The Legacy LifeLayla Trummer - Munich ReThis week we are joined by Layla Trummer, a Reinsurance Structurer at Munich Re Insurance America Incorporated. Layla is an active member of the AIRROC NextGen Council. If she sounds familiar, you may have heard her speaking at the 2023 Deal Forum, the 2023 Regional Education Day in Chicago or the 2023 Demystifying Legacy event with RE40 in NYC. Layla discovered reinsurance in university while researching what kinds of companies hire actuaries. She may have been the only 18 year old to have ever said: "Wow. Insurance for insurance companies? That sounds pretty cool!" Working as a reinsurance structurer allowed Layla to...
2023-08-0912 minAIRROC's The Legacy LifeSandra Santomenno and Eric Pince - WTWWe’re talking to Sandy Santomenno and Eric Pince from WTW this week. Sandy is the soon-to-be retired Senior Director in charge of the legacy liabilities space at WTW which includes asbestos, environmental and health hazard claims. We’re glad we caught her before she left! And Eric is currently transitioning into the Senior Director role. In this episode, we talk about the future of the legacy space, including how there’s an ongoing need for creative thinkers and people interested in learning how to use cutting edge technology such as AI and machine learning. “It’s a dynamic s...
2023-07-2615 minAIRROC's The Legacy LifeNatalie Weedman - Swiss ReIn the legacy spotlight this week is Natalie Weedman, a Portfolio Management Analyst at Swiss Re. Natalie is also a member of the AIRROC NextGen Council and has been actively involved with NextGen almost since its creation in 2020. Natalie started her career working at an insurance agency as a license producer for personal lines P&C. Three years into that role she decided she never wanted to work in insurance again. A friend suggested she take a job in reinsurance. Like many of us, Natalie didn't know what reinsurance was when she started, but she was eager to...
2023-07-1212 minAIRROC's The Legacy LifeMegan McHugh - BrandywineThis week on The Legacy Life we are talking to Megan McHugh, AVP on the Assumed Reinsurance team at Brandywine Group of Insurance and Reinsurance Companies. Only a few of our guests have had linear career paths, and Megan is certainly not one of them. During our conversation she explains how she left the reinsurance industry to raise her children and then successfully reentered the industry thirteen years later. Going back into reinsurance after so many years was daunting, but she did it. Megan credits her support system at home and thanks many of the people who gave her...
2023-06-2813 minAIRROC's The Legacy LifeEric Haller - Fleming Insurance HoldingsWelcome to season 4 of AIRROC's The Legacy Life! We are thrilled to be back and chatting with Eric Haller, CEO and co-founder of Fleming Insurance Holdings. For those not in the know, Fleming was founded in 2018 with the goal of reimagining the legacy space through LPT solutions, changing how risks are shared and applying modern technology to old claims. Eric started his career in insurance as a CPA, CFA, but he didn't take the path in insurance that one would expect from someone holding those designations. He notes that he "never booked a journal entry" and instead w...
2023-06-1415 minAIRROC's The Legacy LifeLee Vuu - Argo GroupThis week we’re joined by Lee Vuu, Vice President of Reinsurance Claims at Argo Group. Lee discusses how she started her career as an Executive Assistant with no reinsurance experience and eventually became a VP of Reinsurance. The secret to her success? “It’s really asking a lot of questions,” she says. And while she asked a lot of questions of her co-workers, she also looked outside her company for learning opportunities. “I saw my reinsurers as a point of contact to learn from them. I asked a lot of questions: what they did, how they do it, what they...
2022-11-1620 minAIRROC's The Legacy LifeJose Martinez - Swiss ReThis week we're joined by Jose Martinez, Vice President of Reinsurance and Commutations Expert at Swiss Re. We asked a lot of Jose in this episode and he rose to the challenge. In addition to describing his role and career thus far, Jose also discusses his practical strategies for engaging potential future insurance professionals from grade school to adulthood, the importance of knowledge transfer in the legacy space and the value of social media in networking. Listen to the episode to hear our full discussion today! This podcast is brought to you by AIR...
2022-11-0215 minAIRROC's The Legacy LifeDustin Loeffler and Matt DiSanto - AonWe have two guests joining us this week: Dustin Loeffler, Managing Director and Head of U.S. Legacy Reinsurance Solutions at Aon, and Matt DiSanto, Associate Director of Reinsurance Solutions, Capital Advisory, also at Aon. When we turned to the topic of bringing new talent into the legacy space, Dustin had some data for us. He cited a survey created by Ward that said 70% of the companies surveyed (focusing primarily on P&C, life and health carriers) were looking to increase staff over the next year, but 48% of the companies surveyed were finding it increasingly difficult to h...
2022-10-2017 minAIRROC's The Legacy LifeChris Hampshire - Gallagher BassettChris Hampshire is the Vice President of Gallagher Bassett’s Carrier Practice and the President and Chair of the CPCU Leadership Council. In this episode of The Legacy Life, Chris discusses his career, his work with the CPCU Society and his thoughts on how to bring new talent into the insurance industry. “I think we need to be talking about the social good that we do,” he says. “I don’t think we talk about this nearly enough… We don’t talk about the fact that we’re the second responders enough… We’re the folks who are there to help kin...
2022-10-0521 minAIRROC's The Legacy LifeRichard Burrows - WeightmansWe’re talking to another NextGen rising star in this week’s episode of The Legacy Life: Richard Burrows, Principal Associate at Weightmans LLP. Richard discusses his current role at Weightmans, his career path thus far, his love of emerging risks and some recent initiatives in the UK designed to bring new talent into legal careers. Richard also discusses the benefits of joining professional associations. He can speak from experience considering that as of the date of this episode’s release, Richard is the Chairman of the Insurance & Reinsurance Legacy Association Young Professionals Group (“IRLA YPG”).This podcast is...
2022-09-2118 minAIRROC's The Legacy LifeMegan Kuzniewski - EnstarWe’re back for Season 3 of AIRROC’s the Legacy Life! This week we’re talking to a NextGen rising star, Megan Kuzniewski. Megan works for Enstar Group as an AVP and legal counsel in M&A Corporate Development. Megan started her career as outside counsel for insurance companies. She decided to go in house at Enstar about a year ago. Megan talks about what she loves about her job and how supportive other professionals in the industry have been. She also discusses the opportunities for growth and career development for young professionals that she sees in the legacy space...
2022-09-0712 minAIRROC's The Legacy LifeEd Hochberg - Guy CarpenterIn our season finale, Ed Hochberg, Head of Global Risk Solutions at Guy Carpenter, stops by to discuss his legacy career and his thoughts on why broking firms have been successful at attracting and retaining young talent. "I think that we offer a pretty wide variety of things to get involved with,” he says. He notes that providing challenging and rewarding work to young professionals, as well as putting young professionals in positions where they can really learn the business, has helped with retention. “Money only gets you so far. It’s important, but people have to want to come t...
2022-05-1118 minAIRROC's The Legacy LifePaul Ginnett - Allianz Reinsurance AmericaWe are joined by Paul Ginnett, CEO of Allianz Reinsurance America, in this week’s episode of AIRROC’s The Legacy Life. Like so many of us, Paul fell into insurance. “After I got out of college, I was, like many graduates, I was in need of a job quickly. The week I graduated also coincided with the birth of my daughter, and so that was extra motivation to get to work,” he laughs. That was nearly 35 years ago. He found a job at a TPA and gradually worked his way up. The rest is history. Looking...
2022-04-2716 minAIRROC's The Legacy LifeTom Hodson - Genesis Legacy SolutionsTom Hodson, President and General Counsel of Genesis Legacy Solutions, LLC, joins us for this episode of The Legacy Life. Tom grew up in a family of reinsurance brokers (G.L. Hodson & Son, anyone?) and has spent much of his career as an insurance/reinsurance regulatory attorney. However, these days, he finds himself doing a lot of marketing. A few years ago, Tom and several of his colleagues set up Genesis Legacy Solutions, an entity that focuses on runoff solutions for small insurance companies, captives and risk retention groups. He has been working hard to grow the business ever...
2022-04-1317 minAIRROC's The Legacy LifeKeith Kaplan - Bedivere Insurance CompanyIn this episode of AIRROC’s The Legacy Life we are talking to Keith Kaplan, Chief Liquidation Officer of Bedivere Insurance Company. When asked how he ended up in his role, Keith responds: “How did I get to be a liquidator? You just need to go back 20 years to when I was working at Reliance Insurance Company, and the Pennsylvania Insurance Department showed up one day and said: ‘We’re here to help.’” Since then, much of Keith’s career has been spent working with companies in liquidation. He explains the liquidation process and discusses how the handling of insurance or r...
2022-03-3117 minAIRROC's The Legacy LifeMarty Rosemann and David Presley - Swiss ReWe have not one but two guests this week: Marty Rosemann, Head of Transaction and Legacy Management, and David Presley, Senior Legacy Origination Manager, both from Swiss Re. Like many of our guests, both started their careers as lawyers and through pure happenstance shifted into legacy reinsurance over time. “We all start there,” David says of the legal profession, “but we end in legacy.”Working in insurance and reinsurance has led them to different places and exposed them to other cultures they would not have experienced in other careers. “[W]e need to brand ourselves as an industry b...
2022-03-1619 minAIRROC's The Legacy LifeOumou Tounkara - 2021 Trish Getty Scholarship RecipientWe're doing something a little different this week! Instead of talking to someone who has spent years in the insurance industry, we're talking to someone at the very beginning of her career. Oumou Tounkara was AIRROC's 2021 Trish Getty Scholarship winner. She is a student at Saint Joseph's University in Philadelphia, majoring in Risk Management and Business Intelligence and Analytics and minoring in Data Science. Part of what motivated Oumou to learn about risk management and insurance was an incident that happened to her father's business when she was growing up in Guinea. "I come from a country w...
2022-03-0312 minAIRROC's The Legacy LifeGlen Mulready - Insurance Commissioner for the State of OklahomaWelcome back! Season 2 of AIRROC’s The Legacy Life kicks off with Glen Mulready, Insurance Commissioner for the State of Oklahoma. As many of our listeners will know, Commissioner Mulready was instrumental in the development and implementation of the Insurance Business Transfers (“IBT”) Act, a mechanism that allows for the absolute transfer of books of insurance business from one company to another. Through his work with the Oklahoma Insurance Department, Commissioner Mulready has expanded internship opportunities in his department and is exploring the possibility of holding a “next gen” type conference for young professionals. His department has also begun...
2022-02-1616 minAIRROC's The Legacy LifeAndrew Rothseid - Gallagher ReJoining us in episode 7 is Andrew Rothseid, Partner and Head of Legacy Solutions at Gallagher Re. Andy describes his career path as being "far from a straight line." He notes that working runoff initially took a leap of faith. "I took a year to decide to move from being a private practice lawyer to work in legacy because I didn’t understand the concept of going to work for a business whose 'business' was 'going out of business.' That was in 1993, and I have been gainfully employed since that time." From handling complex coverage litigation, to managing runoff pr...
2021-12-0114 minAIRROC's The Legacy LifeRich Seelinger - Enstar USRich Seelinger, CEO and Chief Claims Officer of Enstar US, stops by to discuss his career and Enstar’s role as a global legacy management specialist.Like so many others, Rich joined Enstar as the result of an acquisition. He came aboard Enstar as the Senior Vice President in charge of workers compensation claims and ultimately became the CEO of Enstar US in October 2020. “It’s really been just a remarkable ride in a relatively short period of time. I’ve had the opportunity to immerse myself in the legacy space, learn an entirely new set of skills...
2021-11-1716 minAIRROC's The Legacy LifeLeah Spivey - Munich ReLeah Spivey, Head of Claims Runoff Solutions at Munich Re, joins us in episode 5 to discuss her career in legacy claims. Early in her career, Leah found herself in a position many young professionals can relate to today. She had zero work-life balance, no autonomy and no work product she could call her own. After answering an ad for a job in an insurance claims department, she found what she was looking for and never looked back: “I think anywhere in the insurance industry…most [jobs] allow you to take a task or a project from the beginning of it t...
2021-11-0317 minAIRROC's The Legacy LifeBill Bouvier - RiverStoneBill Bouvier stops by to discuss his career in the legacy space. As the Director of Assumed Reinsurance at RiverStone, Bill is responsible for managing and developing a team of assumed claim handlers. As part of that development, Bill believes in the importance of creating connections: "People like myself...need to bring the younger people to...meetings, seminars and hearings and introduce them to everybody that they know in the industry." He also discusses the value of empowering his claim handlers to take the lead on their more complex claims rather than relying on more senior people to handle...
2021-10-2016 minAIRROC's The Legacy LifeMarcus Doran - AIGMarcus 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 industry has such a difficult time attracting young talent: "It's just bad marketing." He notes that the insurance industry is dynamic, fast-moving, fast-paced and that new products are constantly being developed to meet the needs of an ever-changing world. However, these exciting characteristics are often overlooked in recruitment efforts. "It kind of rests with each of us as individuals" he says, "to be representatives and ambassadors of both insurance/reinsurance and...the...
2021-10-0625 minAIRROC's The Legacy LifePaul Corver - R&QPaul Corver stops by to discuss his career in the legacy space. As the Head of Legacy M&A at R&Q, he reviews potential legacy acquisitions in all shapes and sizes from around the world. "...[E]very deal is different," he says while discussing how young professionals could benefit from being in the space. "You could be looking at a portfolio of U.S. General Liability one minute. It could then be French worker's compensation. It could then be a Bermudan captive. It could be an Isle of Man of captive. So many different opportunities. So many different...
2021-09-2225 minAIRROC's The Legacy LifePeter Scarpato - ACE BrandywineCome join us for a conversation with recently retired Peter Scarpato, formerly a Senior Collections Officer of Ceded Reinsurance at ACE Brandywine. Like so many of us, Peter kind of fell into a career in runoff reinsurance. While working as an attorney, a friend working in reinsurance approached Peter and said his company needed lawyers. “Well, I’ve done insurance. What’s reinsurance?” Peter remembers asking. “Oh, it’s the same thing. It’s easy!” his friend had replied. Upon reflection, Peter thinks that his friend may have been exaggerating a bit. We agree!During his career, Peter had many d...
2021-09-0624 min