The 2007 edition of Chambers USA names Stroock as a top tier firm and notes the firm is "acclaimed for its excellent legal skills, business judgment and ability to develop a strategy to achieve a client’s goals." In 2004, 2005 and 2007, ReActions Magazine named Stroock as having one of the best insurance and reinsurance practices in the U.S.
As insurers and reinsurers engage in the full range of corporate and commercial activities, Stroock’s clients have access not only to our practical knowledge of the industry, but also to all the resources and specialties of our practice. Our integrated skills in Corporate, Derivatives and Commodities, Financial Restructuring, Litigation and Structured Finance provide solutions to any business involved in the industry, from traditional insurance and reinsurance companies, to commercial and investment banks, private equity groups and hedge funds and other potential investors. The result is thorough, timely and expert legal advice tailored to help our clients achieve their business goals in today’s complex economic, legal and regulatory environment.
Stroock represents financial institutions, insurers, brokers and other corporate clients in mergers, acquisitions, joint ventures, company formation, public and private securities transactions, demutualizations, structured finance and credit derivative transactions involving the insurance industry. We work closely with our insurance and reinsurance company and investment banking clients to develop innovative products, often combining insurance or reinsurance risk transfer methods with capital market risk-transfer devices. Several of our attorneys and consultants are former regulatory officials, and we advise clients on financial condition, market conduct, government relations, insolvency and other dealings with regulators.
Our litigators are experienced in coverage disputes involving environmental, catastrophe, toxic tort, financial guarantee, advertising, directors and officers, errors and omissions, fidelity, professional liability, property and extra-contractual issues. Our reinsurance litigation and arbitration experience includes representing cedents and reinsurers in some of the largest reinsurance disputes, with more than $1 billion in aggregate losses at risk. While we are known for our success in the courtroom, Stroock is globally recognized for our attorneys’ ability to effectively counsel some of the largest international insurers on the avoidance of litigation.
Our recent work includes advising MBIA as the financial guarantor of the River Lake structured finance Triple X transaction, representing Continental Casualty in a dispute brought against certain underwriters of Lloyd's in the U.S. District Court; and representing Health Insurance Plan of Greater New York in its proposed merger with Group Health Insurance. Stroock’s clients also include Arch Insurance; Financial Guaranty Insurance; Goldman Sachs; CNA Financial; Royal & SunAlliance; Zurich Financial Services and Lehman Brothers.