These are challenging times for the insurance industry. As a cloud of uncertainty hangs over the economy, insurance companies must navigate through a new economic landscape. At the same time, the industry is bracing itself for an expected wave of regulatory reform at the state and federal level driven by the economic crisis. For most companies, 2009 will be anything but business as usual.
Foley & Lardner LLP, Raymond James & Associates, Inc., SMART Business Advisory and Consulting, LLC, and Advisen Ltd. hosted the 2009 Insurance Economic Summit: Navigating the New Business Landscape. In this one-day conference, insurance industry leaders and attorneys discussed the impact of the financial crisis and offered strategies to help minimize exposure and seize opportunities in this changed economic environment.
For over 100 years, Foley & Lardner LLP has provided high-caliber legal services to members of the insurance industry. Foley’s dedicated Insurance Industry Team — a multidisciplinary group of attorneys who have hands-on experience with the full array of legal issues impacting the insurance industry — counsel clients in each of the following primary areas: mergers and acquisitions/transactional, regulatory, insurance taxation, reinsurance, dispute resolution, insolvency/guaranty fund, distribution, captives, life settlements, public affairs, intellectual property and managed care. By building a team that is fluent in all of these matters, Foley is able to offer clients an unparalleled level of commitment and service. Over the years, we have been privileged to counsel many of the leading U.S. insurance companies on a range of services.
Advisen manages business information and market data for the commercial insurance industry and maintains critical risk analytics and time-saving workflow tools for over 530 industry leading firms. Through its work for the broadest customer base among information service providers, Advisen delivers actionable information and risk models at a fraction of the cost to have them built internally. Designed and evolved by risk and insurance experts, and used daily by more than 100,000 professionals, Advisen combines the industry’s deepest data sets with proprietary analytics and offers insight into risk and insurance that is not available on any other system. Advisen is headquartered in New York.
Raymond James is one of North America’s leading full-service investment banks, with an extensive presence across the United States, Western Europe and Canada. Our insurance corporate financial advisory practice is focused on well-run middle-market insurance companies, in both the life and health and property and casualty sectors, where executives and decision-makers benefit from our hands-on approach and the combined 50-plus-years’ experience of our senior insurance investment banking team. Our insurance team has a long and consistent track record of helping clients successfully execute strategic transactions including public and private capital formation (debt, equity and hybrid capital); merger and acquisition transactions; demutualizations and conversions; and restructuring and bankruptcy processes.
Founded in 1988, SMART is a diverse team of business advisory, consulting, accounting, compensation and benefits, tax, and transaction advisory professionals that offers a comprehensive foundation of business expertise and practical, informed advice. SMART has set an innovative new standard for service that adds value to your bottom line and security to your planning strategy. Located in the metropolitan areas of Atlanta, Chicago, New York, Philadelphia, Washington, DC, and internationally in Amsterdam and London, the company is comprised of over 550 professionals and staff. Our multi-disciplined team of professionals offers practical, informed advice that is both responsive and cost-effective.