Larry P. Schiffer

Dewey & LeBoeuf LLP 1301 Avenue of the Americas New York, NY 10019 Phone: (212) 259-8086; Fax: *212) 649-9493 www.dl.com

Larry Schiffer contributes articles on reinsurance issues to IRMI.com.

Mr. Schiffer is a partner with Dewey & LeBoeuf LLP. Previously, he was a partner with Werner & Kennedy and was a law assistant for the New York Supreme Court, Appellate Division, Second Department.

He is a member of the American Bar Association's Tort, Trial and Insurance Practice Section, where he was chair of the Excess, Reinsurance & Surplus Lines Committee and presently is vice chair and webmaster of that committee. He was chair of the New York State Bar Association Committee on Association Insurance Programs for nine years, and is chair of the Technology Committee of ARIAS*U.S.

He has been recognized by Chambers USA, Insurance: Dispute Resolution; Euromoney's Guide to the World's Leading Insurance and Reinsurance Lawyers; the International Who's Who of Business Lawyers; and the International Who's Who of Insurance & Reinsurance Lawyers; Legal 500; and Super Lawyers.

Mr. Schiffer has lectured and been published on insurance and reinsurance litigation and other insurance topics. His published articles include the following.

• "Reinsurance and Islamic Law: Arbitrating Disputes in the Retakaful World," Mealey's Litigation Report: Reinsurance, Vol. 20, No. 8, August 21, 2009, co-author

• "A Brief Review of Reinsurance Trends in 2008—Part 2," Andrews Insurance Coverage Litigation Reporter, Vol. 19, Issue 26 (April 3, 2009), co-author

• "A Brief Review of Reinsurance Trends in 2008—Part 1," Andrews Insurance Coverage Litigation Reporter, Vol. 19, Issue 25 (March 27, 2009), co-author

• "Reinsurance Arbitration Clauses—Where the Courts Find Problems," ARIAS U.S. Quarterly, Vol. 16, No. 1, (1st Q. 2009)

• "Party-Appointed Arbitrators: Is There a Duty of Advocacy?," HarrisMartin Reinsurance Report, Vol. 1, No. 9 (January 2009), co-author

• "Arbitration in Run-off—The Receivership Anomaly—Part 2," AIRROC Matters, Fall 2008

• "Arbitration in Run-off—The Receivership Anomaly—Part 1," AIRROC Matters, Spring 2008

• "An Introduction to Technology in Reinsurance Arbitration," ARIAS·U.S. Quarterly, Vol. 14, No. 4 (2007)

• Insurance Law Practice, Chapter 15—Reinsurance, New York State Bar Association, John M. Nonna et al. eds. (2nd Edition 2006)

• "Leveling the Playing Field: An Analysis of Neutrality Issues in Reinsurance Arbitration," ARIAS•U.S. Quarterly, Vol. 13, No. 1 (1st Quarter 2006)

• "Physics and the Insurance and Reinsurance Industry," The International Who's Who of Insurance & Reinsurance Lawyers, 2005 edition (coauthor)

• "Caveat Reinsurer: Reinsuring Punitive Damages Under ECO Clauses," 9 Journal of Reinsurance 23 (Summer 2002) (coauthor)

• "Recent Developments in Excess Insurance, Surplus Lines Insurance, and Reinsurance Law," 36 Tort & Ins. Law Journal 309 (2001) (coauthor)

• "Reinsurance Arbitration and the Year 2000 Problem," Mealey's Litigation Reports: Reinsurance, Vol. 11, No. 2 (May 25, 2000)

• "Allocation of Environmental Claims Settlements to Reinsurers," Journal of Insurance Coverage, Spring 2000

• "Class War by Plaintiff's Lawyers," Year in Review, Lloyd's List Insurance Day (January 4, 2000)

• "US Legal Review," Reinsurance (December 1999)

• "Commentary—Compressing the Future: The Movement Toward Reinsurer Responsibility for Contingent Claims," Andrews International Reinsurance Dispute Reporter (January 6, 1997)

• "A Practical Guide to Reinsurance Audits," Mealey's Litigation Reports, Insurance, Vol. 5, No. 11 (Oct. 11, 1994)

• "Note: The Availability of Benefit of the Bargain Damages in a Fraud Action Under Section 2-721 of The Uniform Commercial Code," 43 Albany Law Review 930 (1979)

Mr. Schiffer received his JD degree from Albany Law School of Union University, where he graduated cum laude and was a member of the Albany Law Review and the Justinian Society, and received his BA degree magna cum laude from Brooklyn College of the City University of New York.

Mr. Schiffer practices in the areas of commercial, insurance, and reinsurance litigation, arbitration, and mediation. He also serves as a mediator for the mandatory commercial mediation program of the U.S. District Court for the Southern District of New York and for the New York Supreme Court Commercial Division, Alternative Dispute Resolution Program.

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Articles on IRMI.com

Insurance Law: Reinsurance

In Defense of Reinsurance (January 2010)

Playing the Name Game—An Update on Cut-Through Clauses (August 2009)

Third-Party Guarantees of Reinsurance Obligations: I Guarantee It! (June 2009)

Clash Cover Reinsurance and Economic Catastrophe Losses (March 2009)

Turnabout Is Fair Play—Reinsurers Now Have Credit-Risk Worries (December 2008)

Where Has Traditional Reinsurance Gone? (August 2008)

Consolidation Issues in Reinsurance Contracts (June 2008)

Reinsurancese—Time for a Change? (March 2008)

Keeping the Information Flowing: Loss Notice and Reporting Clauses in Reinsurance Contracts (February 2008)

Adventures in Reinsurance Contract Wording (October 2007)

When the Government Is Your Reinsurer (June 2007)

The Honorable Engagement Clause (But I Thought I Had a Legal Contract!) (March 2007)

The Strain To Retain (December 2006)

How To Make Friends with Your Reinsurer (September 2006)

Reinsurance Arbitration—A Primer (June 2006)

Stuck in the Middle—The Reinsurance Intermediary (March 2006)

Contract Finality—What a Concept! (January 2006)

Avoiding the Reinsurance Credit Risk (September 2005)

The Late Notice Defense in Reinsurance—Updated (June 2005)

Should I Stay or Should I Go Now? (March 2005)

The Naked Truth—The Reinsurer's Right to Information (December 2004)

Multiyear Policies and Annualization of Reinsurance Limits (September 2004)

Insurer Insolvency and Reinsurance (July 2004)

Follow-the-Fortunes Updated (April 2004)

Up-Front about Reinsurance (January 2004)

Understanding the Business-Covered Clause in a Reinsurance Contract (November 2003)

To Commute or Not To Commute, that Is the Question (July 2003)

Who Owes Whom? Understanding Setoffs in Reinsurance (March 2003)

When Errors Occur in a Reinsurance Relationship (December 2002)

Late Notice in Reinsurance Claims: Does Prejudice Matter? (September 2002)

Sorting Out the Reinsurance Contract Morass (March 2002)

If It Looks Like a Claim and Sounds Like a Claim, Is It a Claim for Reinsurance Purposes? (January 2002)

Understanding Reinsurance Terminology—Follow-the-Fortunes (October 2001)

The Trouble with Giving Away the Pen (June 2001)

Cut-Through Provisions in Reinsurance Agreements (March 2001)

The Reinsurance Relationship—How Special Is It? (December 2000)

Adventures in Contract Wording: The Effect of Ambiguous Reinsurance Contract Language (September 2000)

Are Punitive Damage Awards Recoverable under Reinsurance Agreements? (June 2000)

Reinsurance Matters (March 2000)