Nicholas A. Secara
Abogado
Nicholas Secara ha dedicado toda su carrera jurídica al sector de los seguros y reaseguros, donde ofrece a sus clientes asesoramiento práctico y orientado a los negocios, ayudándoles a navegar por el complejo y cambiante panorama de los seguros y reaseguros. Los clientes confían en Nick para obtener una orientación clara a la hora de adquirir y vender compañías y productores de (rea)seguros. Los clientes también dependen de Nick para que los represente ante los organismos reguladores de seguros estatales y los oriente en el desarrollo de nuevos y novedosos productos de seguros y modelos de distribución.
Nick is a special counsel in the firm’s Insurance Practice Group and Health Care & Life Sciences Sector. He represents investors, start-ups, (re)insurers, MGAs, TPAs, and other insurance industry producers and participants in transactional, regulatory, and commercial matters. Nick counsels his clients across all lines of business, with a focus on L&H and specialty P&C, and often serves as outside general counsel.
Prior to joining Foley, Nick served as Deputy General Counsel for a global specialty risk assumption organization. He was integral to launching and rapidly scaling its North American platform, which included multiple insurance (admitted and surplus lines) and reinsurance companies; an MGU; a diverse specialty program business portfolio; surety and WC platforms; and a Lloyd’s coverholder. Earlier in his career, Nick spent seven years at leading international law firms, where he represented (re)insurance clients in various transactional and regulatory matters, as well as in high-value coverage and commercial arbitrations and litigations. He also advised on cutting-edge FinTech/InsurTech matters involving blockchain and digital asset development.
Experiencia representativa
- Represented a private equity firm in its strategic minority investment in a tech-enabled insurance distribution platform focused on serving niche insurance markets.
- Advised a leading specialty insurance provider in its acquisition of a portfolio of MGA and service companies primarily serving the medical stop loss and managed care markets.
- Counseling one of the nation’s largest personal lines and commercial insurance brokers, handling significant roll-up transactions, including several acquisitions with an enterprise value of approximately US$1bn each.
- Represented a private equity firm in its acquisition of an MGA that managed a diverse portfolio of specialty P&C business, including various niche programs, a risk purchasing group, and a Lloyd’s coverholder.
- While in-house, negotiated myriad contracts to support internal underwriting, programs, and IT/Ops teams, including Inter-Company Agreements, Program Manager Agreements, Producer Agreements, Third-Party Administrator Agreements, and Claims Services Agreements, as well as Binding Authority Agreements and Terms of Business Agreements with Lloyd’s Syndicates.*
- While in-house, co-designed a first-of-its-kind cannabis program that offered PL, E&O, and CGL coverage, advising on banking and insurance regulatory concerns, developing policy language, and supporting its program-based distribution model.*
- Represented insurance carriers and producers before state insurance regulators in financial examinations, licensure applications, and various Insurance Holding Company Act filings.
- Represented commercial, mutual, and captive (re)insurers in arbitrations and advised on coverage issues involving first- and third-party claims for CAT losses exceeding US$1bn that resulted from war and terrorism, pipeline failures, and mining disasters.
*Matter handled prior to joining Foley.
Premios y reconocimientos
- New York Metro Rising Stars, Super Lawyers, 2022
- Certificate of Recognition, Pro Bono, New York State Bar Association, 2018
Afiliaciones
- Co-founder and Advisory Council Member, Insurance Federation of New York, Inc., Emerging Leaders
- Member, Insurance Law Committee for the New York Bar Association
- Executive Officer, U.S. Reinsurance Under 40s Group, Inc.
Presentaciones y publicaciones
- “Hacking Cyber Risk: Emerging Issues and Trends,” Insurance Federation of New York, New York, NY (March 1, 2023)
Pro Bono
- Counseled immigrants seeking asylum who were detained at the U.S.-Mexico border, preparing them for credible fear interviews.
- Advised a non-profit on matters of international law concerning the crime of genocide to facilitate peace negotiations between opposing forces in Sudan and recommending counterterrorism measures to implement in Tanzania.