Webinar: Management & Professional Liability Claim Trends

Tune in on Tuesday, August 15 at 10 a.m. for an IBANY educational webinar when Chris Cavallaro, Executive Chairman, and Rob Cavallaro, Senior Broker, with ARC Excess & Surplus, LLC will discuss Management & Professional Liability Claim Trends.

Topics to be discussed:

• Current State of the Market
• Recent Claims
• The Importance of Client Advocacy

Chris Cavallaro graduated from Brooklyn Tech Aero Engineering in 1970, then earned a B.A. in Economics, from Queens College, in 1974. He then worked toward his Masters Degree in Business Administration at CUNY. He joined the American International Group in 1974 and left in 1986 as Senior Vice President. In April 1986, Mr. Cavallaro founded ARC Excess & Surplus, LLC where he currently serves as Chief Executive Officer. He has been an underwriter throughout his illustrious forty-year career and a broker for 28 1/2 of those years. He has garnered many awards such as the PLUS Founder Award in 2002, for outstanding contributions to PLUS, the PLUS Award in 2006, for outstanding contributions to the Professional Liability Industry as a whole, and Insurance Statesman of the Year, in 2002. He is also an honored member of the Professional Liability Underwriting Society and has given numerous speeches at RIMS, PLUS and other Insurance Organizations. Mr. Cavallaro is also a published author, penning an article on Y2K and other pertinent insurance issues in the Management and Professional Liability world. Throughout his storied career, Mr. Cavallaro still claims nothing beats Experience! Experience! Experience!

Robert Cavallaro is a member of New York Bar Association, New York City Bar Association and Professional Liability Underwriting Association. He has been with ARC for more than 17 years now as Senior Broker working on the placement of all management and professional liability accounts for financial institutions, Fortune 500 companies, technology, manufacturing and pharmaceutical companies. He works specifically with financial Institutions including private equity companies, hedge funds, investment advisers, insurance companies, real estate investment trusts, broker-dealer, investment banking. Before that he studied at St. John’s University and graduated with a Bachelor of Arts in May 1995, Summa Cum Laude, with an impressive 3.95 GPA. He attended Hofstra University School of Law and earned his Juris Doctor in May, 1998 as member of the Hofstra Law Review. He graduated Top 12% of the Class. Robert authored Corporate Buyer Beware: Deficiencies in Directors & Officers Coverage for Employment Practices Liability, for the Hofstra Law Review.

REGISTER

Snow may delay us, but it will not defeat us! Join us for our rescheduled Mid-Winter Fireside Chat and Insurance Person of the Year Breakfast.

• If you are already registered and plan to attend on the rescheduled date, you don't need to do anything.
• If you are already registered and cannot attend on the new date and would like a refund or to substitute another person, please email This email address is being protected from spambots. You need JavaScript enabled to view it. with specific instructions. The deadline to cancel is 5 p.m. Monday, March 6.
• If you have not yet registered and would now like to attend on the new date, please click the button below and sign up before 5 p.m. on Friday, March 3.

When: Thursday, March 9 | 8:00 a.m.

Where: Union League Club, 38 E 37th St, New York, NY 10016

Note Dress Code: Traditional Business attire, jackets are required for all gentlemen and equally formal attire for ladies. Guests in jeans, sneakers or other similarly casual attire will not be admitted to the Club.

Join IBANY for a Mid-Winter Fireside Chat featuring a panel discussion surrounding what the industry can expect in 2023, comparing it to 2022. 

The following CEOs and Senior Executives will serve on the panel, moderated by Yiana Stavrakis,
President, Monarch E&S Insurance.

Stephen Sitterly COO Distinguished Programs	Michael Conte Partner Honig Conte Porrino	Howard Greene Director of Govt Affairs ELANY	Bill Misita Senior Vice President Philadelphia Insurance Company	Paul Rovelli Senior Vice President AmWINS Insurance Brokerage

In addition, we will recognize the 2022 IBANY Insurance Person of the Year, Ricky Jones, Regional President of the Metro Region for Travelers Insurance.

Ricky is responsible for the overall strategic and financial management of agencies and has primary responsibility for supporting business units in driving profitable growth, including expansion of products by line and development of new production sources for the Metro Region. In addition, he assists with strategic initiatives that improve the ease of doing business for Travelers distributors. Ricky was chosen for:

• Engagement in the New York Metro insurance industry
• A positive contribution to the advancement of the industry
• Encouragement and fostering of young adults entering the industry, including their education, training, and advancement
• Participation in the community and/or charitable/service organizations

Webinar: Flood Insurance - What You Need to Know

When: Thursday, February 16 | 2 p.m.

Where: Via Zoom

In this session, we will discuss what you need to know about what is happening in the flood insurance marketplace and how to navigate it from NFIP to private markets.

Presented by Matthew Romano, Vice President of Flood, Monarch E&S Insurance Services a division of SPG Insurance Solutions

At the beginning of Matt Romano’s career, he realized he should have a single focus and become as knowledgeable in that one sector as possible, he chose flood with an opportunity to work for a flood consulting company. There he worked with some of the top real estate companies in the US helping them understand their flood risk. He worked with them to mitigate their flood risk and worked with their retail agents on the best way to position the risk for submissions to the flood markets.
Having that knowledge Matt decided to move to the wholesale side of the insurance business specializing in a flood where he has become one of the leaders in the industry. He has been named IBA’s specialist of the year for multiple years. He made this move as he saw the private flood markets emerging. He worked with the retailers helping them understand how this new way of placing flood would help their insureds in many situations with coverage that was more broad and efficient than what they had in the past with the National Flood Insurance Program.

In addition to working with retailers, Matt has worked with MGUs, MGAs, and carriers helping them develop products that are a fit to what is needed in the flood marketplace as well as making sure their policy forms are bank compliant.

Matt continues to work on better ways to assist retailers in placing hard-to-place flood risks as natural catastrophes unfortunately have become a more regular occurrence.

IBANY Webinar: Reinsurance Insurance

Tune in Thursday, January 26 at 2:00 p.m. EST for an IBANY educational webinar during which Greg Flood, CEO of ATRI Insurance Services, and Brian M. Finlay, ARe, Senior Vice President of TransRe, will discuss the current state of the financial lines reinsurance market and predictions for 2023. 

Greg is the Chief Executive Officer of ATRI Insurance Services, which is his third startup in his extensive 42 years of experience. Greg was previously President of Ironshore Insurance for more than 12 years. He is a Pace University graduate with a Bachelor of Business Administration in Economics and a Master of Business Administration in International Business.

Brian heads Global Strategy for Management and Professional liability at Trans Re. He has been with TransRe since 2005 and in his current global management role since July 2021. Brian has more than 30 years of insurance experience including underwriting, broking, and claims at Aon Re, JLT Re, and Guy Carpenter. He holds a BBA – Finance from St. Bonaventure University and has completed the ARe designation.