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NABWIC Talks with Andromeda Monroe, an Associate in Colodny, Fass, Talenfeld, Karlinsky, Abate & Webb’s Insurance Regulatory Law and Corporate and Transactional Law Divisions, has nearly 30 years of experience in insurance and reinsurance regulatory law and commercial reinsurance dispute management. The former Deputy Director of the Ohio Insurance Department, she also served in the corporate counsel capacity as Assistant Vice president of a U.S. Fortune 500 insurance company and Vice President of two of its subsidiary insurers.Licensed to practice in both Florida and Ohio, Ms. Monroe advises clients on matters related to insurance holding company transactions, credit for reinsurance, transfer of risk, Florida Hurricane Catastrophe Fund commutation and related issues, and premium finance. She reviews and provides analysis to clients in regard to trust agreements, reinsurance contracts (including quota share, excess of loss and Industry Loss Warranty reinsurance contracts), letters of credit and managing general agent and general agency contracts.
In addition, she assists clients in their participation in captives and catastrophe bond reinsurance arrangements, in forming captives, obtaining and renewing their eligibility or certification as eligible or certified reinsurers and obtaining eligibility as surplus lines insurers. Ms. Monroe is involved with purchasing group registrations, risk retention group issues, self-insurance issues, corporate acquisitions and various Patient Protection and Affordable Care Act, and health insurance-related issues, and assists clients in resol