Joe Castelluccio

A consortium of 12 insurance underwriters led by Liberty GTS recently paid a €50 million claim under a warranty and indemnity liability (W&I) insurance policy issued in connection with FSN Capital’s acquisition of Gram Equipment. This is one of the largest, publicly announced claims paid under a W&I policy in recent memory. A few key points about W&I policies and claims in general can be derived from publicly available information about this claim, and we briefly describe these points in this… Show more

A consortium of 12 insurance underwriters led by Liberty GTS recently paid a €50 million claim under a warranty and indemnity liability (W&I) insurance policy issued in connection with FSN Capital’s acquisition of Gram Equipment. This is one of the largest, publicly announced claims paid under a W&I policy in recent memory. A few key points about W&I policies and claims in general can be derived from publicly available information about this claim, and we briefly describe these points in this article. Show less

What does a nuclear missile accident have in common with a cybersecurity or data privacy issue in a merger or integration? Find out here!

The cybersecurity and data privacy landscape continues to change, creating significant new risks for businesses across economic sectors. New types of litigation are emerging, new regulatory regimes are entering into force, and new laws promise yet further compliance challenges in the future. At the same time, a wide range of threat actors are launching more complex and more consequential attacks against multinational businesses, further raising the stakes.

The complex and changing… Show more

The cybersecurity and data privacy landscape continues to change, creating significant new risks for businesses across economic sectors. New types of litigation are emerging, new regulatory regimes are entering into force, and new laws promise yet further compliance challenges in the future. At the same time, a wide range of threat actors are launching more complex and more consequential attacks against multinational businesses, further raising the stakes.

The complex and changing cybersecurity and data privacy landscape puts pressure on companies to be flexible and agile, and rewards businesses that can anticipate emerging trends. Our Mayer Brown team discusses some of these important challenges in our new practical guide, Cybersecurity and Data Privacy: Navigating a Constantly Changing Landscape. While not intended to be comprehensive, this guide highlights developments and priorities for businesses on a range of key topics, from the compliance challenges posed by new regimes such as the EU General Data Protection Regulation and the New York’s financial services regulations, to growing expectations for due diligence in mergers and acquisitions, to evolving threats that demand thorough response playbooks.
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Co-authored with David K. Burton, Mark H. Leeds, Matthew A. McDonald and Mae Rogers

My report on key themes and highlights from this week’s Insuretech Connect 2017 conference – themes such as cooperation among innovators, balance of innovation and regulation, customer-centric priorities, and talent as an engine for innovation.

In a bylined article, David Alberts and I examine trends in technology-enabled innovations in the insurance industry and some things that insurance companies should consider in evaluating the possibilities and mitigating the risks.

In a bylined article, I examine some of the key issues in intercompany agreements that require attention in a carve-out transaction.

While crowdfunding can be an exciting opportunity for some companies, broader access to capital in a new and evolving process also comes with greater potential for missteps and mistakes. This article describes some early lessons from my work with companies that have raised money through this process.