Representation of insurance companies is a core practice area at McGrath North. The firm has a diverse insurance practice that includes extensive experience in corporate, regulatory, and transactional matters, as well as litigation of insurance coverage disputes and claims.
Our insurance team has specialized expertise with insurance company formation, capitalization and licensing, insurance holding companies, mutual holding companies, and captive insurance companies and other alternative risk mechanisms. Drawing in part on the deep experience in our business and corporate group, we also counsel insurance companies and their Boards of Directors on corporate governance matters, the responsibilities of officers and directors of insurance companies, and corporate compliance programs. In addition, our team has substantial experience in supporting the strategic and day-to-day employment and benefit needs of companies operating in this sector.
Our insurance clients also seek our counsel on a variety of regulatory matters. Our specialized knowledge enables us to advise insurers regarding various compliance matters, including Holding Company Act compliance, regulatory compliance, and privacy compliance. Our experience also extends to assisting insurers in policy drafting and regulatory approvals and advising insurers regarding regulation of insurance marketing and investment practices.
In addition, our team advises clients on insurance and reinsurance matters, including assisting insurers in developing new policy or endorsement forms, negotiation and drafting of insurance agreements, reinsurance agreements, third party administrator agreements, reinsurance contracts and related matters, such as arranging reinsurance and attendant regulatory compliance.