WELCOME
TO AIRROC
The Association of Insurance & Reinsurance Run-Off Companies (AIRROC)
began to take form in early 2004 when a handful of companies with run-off
books came together to voice their common concerns associated with run-off
and their desire to work together to identify ways to find solutions to
their common problems. After several meetings, they had the critical mass
to go forward. AIRROC was incorporated 12/14/04.
It was recognized by the interested participants that there are common
issues involved in a solvent and an insolvent run-off. The membership
therefore includes risk bearing entities in run-off or with books of discontinued
lines as well as receivers and rehabilitators.
AIRROC’s objectives and benefits include:
- Provide a forum for members to meet 3-4 times annually to raise
and discuss common issues
- Conduct a commutation event to include solvent companies, receivers,
rehabilitators and reinsurers
- Education to improve communication between cedents and reinsurers,
promote dispute resolution alternatives, examine the possibilities
of benchmarking, the receivership process, regulatory concerns, etc.
For further membership information, copy of by laws or further committee
information,
contact:
Executive Director
Trish Getty
trishgetty@airroc.org
770-664-7219
AIRROC Legal Counsel
Jeffrey H. Mace
Dewey & LeBoeuf
(212) 424-8000 Fax: (212) 424-8500
Kimberly Mrvica
Dewey & LeBoeuf
(212) 424-8461 Fax: (212) 649-0489
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