Richard P. Regan
Admitted in the District of Columbia, Maryland and Connecticut; U.S. District Courts for the District of Columbia, Maryland, Connecticut and Southern and Eastern New York; U.S. Court of Appeals for the Second Circuit
AREAS OF EMPHASIS
- Arbitration/ADR/Litigation – Reinsurance and Insurance
- Insurance Coverage; Reinsurance Contracts
- Transactional and Regulatory Matters
- Managing General Agency (MGA) Relationships
- Pooling Arrangements
- Managing Agents and Underwriters
- Syndicates, Captives, Pool Managers, Commercial Policy Holders and Third-party Administrators
- London and Foreign Markets, as well as the U.S.
- 20+ years Insurance/Reinsurance Experience
- Litigation experience including:
- Environmental
- Employment
- Product Liability
- Franchising
- Securities
- Real Estate
- Business Torts
- Intellectual Property
NOTEWORTHY EXPERIENCE
- Represented company member of the industry’s premier pollution liability insurance pool in a successful multi-year arbitration and litigation proceeding in Illinois, obtaining rescission based upon fraud.
- As co-counsel to a major New York law firm, represented underwriting manager in a series of arbitrations and litigations involving liability for nearly $1 billion in losses in the workers compensation carve out market, involving parties in the US, London and Bermuda markets, resulting in a favorable panel decision in the principal arbitration and successful resolution of related disputes.
- Represented reinsurance division of a major US insurer in arbitration over asbestos products and non-products losses, obtaining a panel ruling interpreting contracts in favor of the client.
- Advised Pennsylvania-based direct insurer concerning application of its claims made E&O policies for bad faith exposures of the company and its agents.
- Assisted pool manager in a mediation against pool’s retrocessionaires to recover for asbestos losses.
- Represented specialty insurer seeking favorable interpretation of statutes and regulations governing managing general agents in the State of Maryland, ultimately obtaining opinion letter from the Insurance Department supporting client’s position.
- Served as co-counsel to major domestic insurer in multi-year arbitration matter seeking reinsurance recoveries on behalf of client fronting for a London market casualty pool; obtained favorable panel ruling after hearing.
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Richard P. Regan
PROFESSIONAL/EDUCATION
- Arbitrator in Securities Industry Disputes for the Financial Industry Regulatory Authority (FINRA)
- Licensed as a Certified Financial Planner (CFP)
- Georgetown University, J.D., 1984, cum laude
- Fairfield University, B.A., 1981, cum laude
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