I’ve arrived in Tucson, Arizona for the ABA Insurance Coverage Litigation Conference and am looking forward to what I expect will be a lively conversation on March 8.
I will participate in a panel discussion on today’s most talked about topic among corporate policyholders, their coverage counsel, and defense counsel: Berkshire Hathaway and the implications of its enormous concentration of legacy insurance liabilities, the greatest in the industry, and in history.
I led an ABA roundtable on the subject two years ago, and I’ll revisit it during a session titled “Berkshire Hathaway the New Goliath; Strategies for the Boy David.” This time, I will be joined by Vijay Bondada from Pfizer’s Risk Management Group, John Sylvester of K&L Gates, and Laura Foggan from Wiley Rein.
In conjunction, I’ve written a white paper that can be found at the ABA website: “Berkshire Hathaway and Loss Portfolio Transfers: Do They Make Sense?”
I’ve been retained as an expert witness in a number of cases concerning various aspects of these transactions. With that perspective, I weigh in and explore:
I’m interested to know what you think. Can LPTs be a good thing for policyholders?
Do you think such concentration of risk at a single entity is good public policy?
Whether you can attend the panel discussion or not, I’m interested to hear your comments as well as your questions.
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Jonathan Terrell is the Founder and President of KCIC. He has more than 30 years of international financial services experience with a multi-disciplinary background in accounting, finance and insurance. Prior to founding KCIC in 2002, he worked at Zurich Financial Services, JP Morgan, and PriceWaterhouseCoopers.Learn More About Jonathan