Overview
With a legal career spanning more than four decades, Barry Weissman offers significant insurance and reinsurance industry experience. He partners with clients in advising them on various methodologies to help them achieve their desired results.
He represents various forms of insurance and reinsurance entities in regulatory proceedings, transactional matters, and resolution of disputes in both litigation scenarios and alternative dispute mechanisms such as arbitrations and mediations. He also works with numerous national and international corporations, banking and financial institutions, insurers, reinsurers, captives (on and offshore), insurance and reinsurance intermediaries, risk purchasing and retention groups, and departments of insurance. On behalf of departments of insurance, his work has included representing insurance companies in regulatory matters such as Form A's, acting as liquidator and rehabilitator of troubled insurance companies, and representing commissioners in various legal actions.
Barry partners with clients in both investing and purchasing insurance entities such as brokerages, insurance companies, and insurtech entities. In the last two years, he has been involved in performing due diligence (including analysis of transaction documents) for clients investing in excess of $1 billion.
Barry partners with his clients on various complex and diverse matters, such as formations, capitalizations, mergers, acquisitions, portfolio transfers, insurance-linked securities, commutations, restructurings, and dissolution of captives and receiverships. Clients have complimented him and recommend him to others so he can assist them on their operational and regulatory needs, including global licensing, policy drafting, and participating in legislative activities. His legislative activities have included working as part of the team that drafted the California Risk Retention Act, and the Cumis legislation (regarding insurance companies’ use of separate counsel when their interests potentially conflict with those of their insureds), and serving on the California State Senate Advisory Commission on Malpractice Insurance.