Insurance Related Insolvency
As one of the global leading providers of
legal services to the insurance industry, SNR Denton is highly
experienced in handling insurer insolvencies and insurance holding
company bankruptcies. SNR Denton is also highly experienced
in counseling clients with respect to insurance coverage issues in
bankruptcy and insolvency proceedings. Insurers and
reinsurers also seek our counsel on workout, reorganization,
insolvency and bankruptcy matters. Much of our experience in
these areas cannot be neatly categorized as either "workout" or
"insolvency" related. Indeed, one of the hallmarks of our
practice has been an acute awareness of the overlap and the
importance of offering experience and expertise in both workouts
and insolvencies to provide maximum flexibility and achieve the
most effective results.
Our lawyers and other professionals adopt a
team approach to meeting client needs. Attorneys from
different sectors work together to identify practical solutions and
to utilize all applicable legal tools in connection with insurance
company restructurings across the nation and in connection with
international and cross-border insolvency issues in the following
areas:
- Strategic counseling regarding risk-based
capital requirements and potential adverse regulatory outcomes
- Advising insurers in insurance coverage
actions involving bankrupt policyholders
- Strategic counseling for troubled insurers
and/or their affiliates and reinsurers
- Representation of liquidators of insolvent
insurance companies
- Representation of creditors of insolvent
insurers, their parent company and affiliates in state liquidation,
conservatorship proceedings or bankruptcy proceedings, or schemes
of arrangement
- Defense of fraudulent conveyance or
preferential transfer actions
- Representation of “purchasers” of claims
against, and distressed assets of, insolvent insurers.
Areas of Focus:
- Insolvency
counseling
- Litigation
- Corporate
transactions
- Restructuring
- Reinsurer
issues
- Acquisitions
- Guaranty fund
coverage
- Schemes of arrangement