Benjamin E. Schwab


Benjamin E. Schwab


Benjamin Schwab helps insurers and related entities achieve their business goals through navigating complex regulatory issues and the full range of dispute resolution. He represents insurance industry clients in all lines of business, including accident, life and health, property and casualty, surplus lines, and reinsurance.

Benjamin regularly guides insurance industry clients through corporate transactions, provides analysis and advice regarding complex pre- and post-transactional regulatory compliance issues, and represents clients in disputes, including mediation, arbitration, and litigation. His experience includes advising clients with respect to acquisitions, insurance holding company act issues, as well as compliance, licensing, and cybersecurity requirements, including regarding new developments in insurance regulation.

Prior to joining Foley, Benjamin practiced at a boutique commercial law firm in Chicago, where he represented corporations and individuals in state and federal court in a variety of litigation matters involving issues concerning antitrust, employment claims, fraud, partnership and business disputes, restrictive covenants, and general complex commercial and contract disputes.

Awards and Recognition

  • Illinois Super Lawyers Rising Star (2021–Present)

Community Involvement

  • Boy Scouts of America
    • Associate Board Co-Chair
    • Eagle Scout; Order of the Arrow
    • Pathmaker Award Recipient,
    • Pathway to Adventure Council
    • Associate Advisor, Law Explorer Post 5 (2014–2015)
17 January 2024 Deals and Wins

Foley Represents Thrivent in a First-of-its-Kind $400M Collateralized Fund Obligation

Foley & Lardner LLP served as insurance regulatory counsel to Thrivent Financial for Lutherans in its role as sponsor of White Rose CFO 2023 Holdings’ $400 million issuance of Class A notes as a private equity collateralized fund obligation.
21 December 2023 Deals and Wins

Foley Represents GuideOne Insurance in $200M Investment by Bain Capital, Creation of Innovative Platform Dedicated to Mutuals

Foley & Lardner LLP served as legal adviser to GuideOne Insurance Company, a leading niche-market insurance carrier founded in 1947, in receiving a $200 million investment from Bain Capital Insurance.
31 July 2023 Article

Illinois Insurance Law Update: H.B. 579 and H.B. 2296 Signed Into Law; Significant Changes On The Horizon For Illinois Health Insurance Industry

On June 29, 2023, Governor J.B. Pritzker signed House Bills 579 and 2296 into law, enacting sweeping changes to Illinois health insurance law that grants the Illinois Department of Insurance expanded regulatory powers.
18 July 2023 Article

Insurance Law Update: Insurance Circular Letter No. 6

On July 17, 2023, the New York Department of Financial Services issued Insurance Circular Letter No. 6 (2023) and a concurrent press release seeking to clarify, and in our opinion repeal, earlier guidance from the Department relating to permitted differences in life insurance and annuity products, and their premiums and terms and conditions, as well as those purported differences which indicate impermissible discrimination.
24 January 2023 Honors and Awards

Foley Attorneys Named to 2023 Illinois Super Lawyers List

Foley & Lardner LLP is proud to announce that 23 of its Chicago attorneys have been named to the 2023 Illinois Super Lawyers and Rising Stars lists.