Norton Rose Fulbright Names Insurance Regulatory & Transactions Team

Norton Rose Fulbright Names Insurance Regulatory & Transactions Team

A four-person insurance corporate regulation team will be joining Norton Rose Fulbright’s global law business, with offices in New York and Los Angeles.

Partner Robert Romano and Stewart Keir, who join Locke Lord and will work out of Norton Rose Fulbright’s New York office, will make up the team.

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Al Bottalico, an insurance expert, and Jonathan Bank, a lawyer, will both be located in the company’s Los Angeles office.

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The team joins Norton Rose Fulbright’s renowned international insurance practice, which has top offices in the UK, Australia, Singapore, and South Africa in addition to continental Europe, according to the release.

Norton Rose Fulbright Names Insurance Regulatory & Transactions Team

Norton Rose Fulbright said: “The team expands the firm’s longstanding work in the US on contentious matters to include all types of noncontentious mandates and the full range of regulatory advice.”

Romano has a wealth of corporate and regulatory insurance experience. The firm noted that he has helped customers with several M&A, corporate finance, and restructuring transactions, paying particular attention to ways for local and foreign insurers to enter new and specialized markets.

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Romano, after Rajiv Khanna and Eric Rauch, is the third US lateral partner to join the corporate, M&A, and securities practice in the past month.

He previously worked for two years as a lawyer in London, representing customers in the Lloyd’s and business markets as well as the Corporation of Lloyd’s.

Additionally, he frequently attends meetings of the National Association of Insurance Commissioners and has recently contributed to rule-making deliberations on reinsurance reform, Insurance Business Transfers and Corporate Divisions.

Norton Rose Fulbright Names Insurance Regulatory & Transactions Team

Bank’s practice focuses on re/insurance matters, insurance company restructuring and regulatory related matters for both the domestic and foreign/alien as well as captive insurance market.

He is actively involved in the run-off industry, involving both Corporate Division and Insurance Business Transfer statutes.

Bank’s has previously been employed by UK market participants, including one of the major accountancy firms, where he spent three years working on a number of major UK insurer liquidations.

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Keir and Bottalico are non-lawyer insurance financial and regulatory specialists. They both served in senior positions in insurance regulatory agencies in the US.

Keir has served for 32 years in the New York Insurance Department (now the Insurance Division of the New York Department of Financial Services), his last position being that of Assistant Deputy Superintendent and Chief Insurance Examine.

Bottalico served for 38 years in the California Insurance Department ending his service as Deputy Insurance Commissioner of the Financial Surveillance Branch.

Norton Rose Fulbright Names Insurance Regulatory & Transactions Team

The company claims to help clients with every area of insurance regulation and analysis, including statutory accounting, auditing, compliance, and dealing with state insurance regulators.

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Scarlet McNellie, Norton Rose Fulbright’s US Head of Corporate, M&A and Securities, said: “The regulatory landscape is ever-changing, and insurers rely on our global team to advise them on complex issues. Robert, Jonathan, Al and Stewart have impressive experience which expands Norton Rose Fulbright’s service offerings for our insurance industry clients, especially in the highly-regulated US insurance market