AIRROC Announces Changes to its Board of Directors for 2015 

January 12, 2015, New York      

 

AIRROC (the Association of Insurance and Reinsurance Run-Off Companies) is pleased to announce the appointment of 2 new members to its Board of Directors effective January 2015: Peter Scarpato, Vice President – Ceded Reinsurance,Brandywine Group of Insurance and Reinsurance Companies; J. Marcus Doran, Assistant Vice President – Commutations, The Hartford

 

Mr. Scarpato was elected by the AIRROC members and will serve a three-year term expiring in 2018.  Mr. Doran was confirmed to finish out the term of Glenn Frankel, who resigned from the board due to a change in responsibilities.  AIRROC has a 15 person board which all serve three year staggered terms.  

 

AIRROC Executive Director, Carolyn Fahey, commented that she is pleased to welcome Peter and Marcus.  They are both already very involved with supporting the organization.  Peter serves as the Editor-in-Chief for AIRROC Matters, and Marcus has been the Vice Chair of AIRROC’s Education Committee.   “It is only fitting that they now have the chance to influence the success of the organization on a larger scale by serving as directors”, said Fahey.  

 

The AIRROC Board would also like to acknowledge the contributions of directors Glenn Frankel, The Hartford and Keith Kaplan, Reliance in Liquidation, who leave the board as of the end of 2014.  Keith has been on the board for 10 years – and is one of the founding directors of the organization.  He has been extremely active in his support of AIRROC’s initiatives most recently acting as the Co-Chair of the Publication Committee.  Glenn‘s focus for AIRROC has been on the recent changes to AIRROC’s Dispute Resolution Procedure and Mediation Procedure, and assisting with developing the DRP Workshops in NY and Philadelphia.  AIRROC Co-Chair Marianne Petillo, ROM Re, thanked them for their contributions and most of all for the time they have given AIRROC, “Working with Keith and Glenn has been an honor and a privilege, and the impact that they have made in the organization will carry forward for many years.”

 

AIRROC’s mission is to promote and represent the common interests of insurance and reinsurance companies with legacy business. The Association’s objectives include improving professional and managerial standards and practices and enhancing knowledge and communications within and outside of the run-off industry.