Carey G. Child

Partner

Practice Description

Carey Child focuses on developing innovative products and risk-transfer solutions for insurance, reinsurance, and financial-market clients. He also assists Chadbourne clients resolve reinsurance disputes, including through negotiated resolution, mediation, arbitration and litigation.

Mr. Child has helped clients craft a full range of business solutions — from company formation and capitalization, through product development and risk transfer. This has included:

• acquisition of a major life insurer by a hedge fund;
• formation and private-placement capitalization of the first reinsurance sidecar capitalized post-Katrina, which was also the first to employ leverage, and the first Moody's-rated sidecar offering; 
• shell-company acquisition and portfolio transfer; 
• insurance products and/or derivative alternatives to address specialized weather, crop, commodity, and financial-market risks; and 
• traditional reinsurance and alternative risk transfer solutions, including:
  • captive and risk-retention-group reinsurance arrangements;
  • industry-loss warranty contracts;
  • the first catastrophe bond designed to protect a workers' compensation fund against earthquake risks;
  • catastrophe-linked swaps and credit-default swaps to address the risk of non-payment by a government-run catastrophe fund;
  • design of political-risk insurance and reinsurance program;
  • design of reinsurance programs and drafting of specific wordings and exclusions; and
  • comprehensive reinsurance wording improvement programs.

For more than 20 years, Mr. Child has also assisted clients in resolving reinsurance controversies involving substantially all of the major losses to befall the industry — from asbestos, environmental pollution, September 11th, Katrina and Deepwater Horizon, to surety, annuities, Enron and sub-prime mortgages. This has included:

• agency, “fronting” and “pooling” issues; 
• contract formation and risk-transfer issues, as well as misrepresentation, fraud, bad faith and non-disclosure; 
• claim presentation, analysis, and exposure management; 
• amicable and disputed claim resolution, including all forms of dispute resolution; and 
• negotiation and documentation of settlements and commutations.

Activities and Affiliations

Publications

Speeches and Events

Mr. Child speaks on topics such as reinsurance contract wording and reinsurance claim issues, as well as international arbitration and dispute resolution.