Biographies

Larry Schiffer

Larry Schiffer, PLLC

Attorney, Counselor, Consultant, Mediator


Contact Info

Schiffer on Re-Insurance
Phone: (516) 650–1827


Background

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

After practicing in New York City law firms since 1982, Larry recently launched an independent legal, consulting, advisory, mediation and arbitration practice. He is a member of the American Bar Association's Tort, Trial, and Insurance Practice Section, where he was chair of the Excess, Reinsurance, and Surplus Lines Committee and presently is technology vice chair of that committee. Mr. Schiffer is also chair of the Cybersecurity and Data Privacy Committee. He was chair of the New York State Bar Association Committee on Association Insurance Programs for 9 years and was chair of the Technology Committee and is a member of the Ethics Committee of ARIAS•U.S.  Larry is also the Editor of the ARIAS•U.S. Quarterly.

He has been recognized by Chambers USA, Insurance: Dispute Resolution; Expert Guides: Insurance and Reinsurance; Expert Guides:  Best of the Best; the International Who's Who of Insurance and Reinsurance Lawyers; Legal 500; Legal 500 Hall of Fame; U.S. News and World Report:  Best Lawyers in America, and Super Lawyers. He is also a recipient of the ARIAS∙U.S. Dick Kennedy Award.

Mr. Schiffer has lectured and been published on insurance and reinsurance litigation and other insurance topics. He is the author of the Schiffer on Re-Insurance blog.  His recent published articles include the following.

  • "Recent Developments in Excess Insurance and Reinsurance," 51 Tort & Ins. L.J. 409 (2016), coauthor
  • "The Notice-Prejudice Rule and Claims-Made Policies," FC&S Legal’s Insurance Coverage Law Report, summer 2016
  • "When Interpreting Insurance and Reinsurance Contracts Under New York Law, Don’t Presume Anything," Insurance and Reinsurance Thought Leadership, ExpertGuides Best of the Best USA, March 2018
  • "Top 50+ Reinsurance Cases Every Risk Professional Should Know," IRMI.com White Paper, February 4, 2020
  • "A Brief Review of Reinsurance Trends in 2019," Westlaw Journal, Insurance Coverage, March 2020
  • Commentary: "Reinsurance and COVID-19," Mealey's Litigation Report: Catastrophic Loss, April 2020
  • "Aggregating Losses From the COVID-19 Crisis for Reinsurance Purposes," COVID-19 Litigation Report and Reinsurance & Arbitration Report, Harris Martin Publishing, July 6, 2020

Mr. Schiffer received his juris doctor cum laude from Albany Law School of Union University, where he was a member of the Albany Law Review and the Justinian Society. He received his bachelor of arts magna cum laude from Brooklyn College of the City University of New York.

Mr. Schiffer practices independently in the areas of commercial, insurance, and reinsurance litigation, arbitration, and mediation, including matters concerning insurance insolvency and run-off. He also advises on a variety of insurance and reinsurance coverage and contract wording matters as well as due diligence for transactions involving insurance and reinsurance exposures. He also consults on claims and disputes matters and provides mediation, arbitration and expert witness services.  He serves as a mediator for the mandatory commercial mediation program of the US District Court for the Southern District of New York and for the New York Supreme Court Commercial Division, Alternative Dispute Resolution Program. He is active in raising funds to unlock the cure for amyotrophic lateral sclerosis (ALS) as part of the Wings Over Wall Street Event Committee.


Expert Commentary

Date Article
Aug 2020 COVID-19 Losses and Reinsurance Aggregation*
May 2020 The Novel Coronavirus and Reinsurance
Feb 2020 Social Inflation: What Is It and Why Should Reinsurers Care?
Dec 2019 A Reinsurer's Right to Recoveries
Aug 2019 Captive Arrangements and Reinsurance
Jun 2019 Consolidation of Reinsurance Disputes under Reinsurance Contracts
Mar 2019 Interplay of Loss Portfolio Transfers and Other Reinsurance Contracts
Dec 2018 Reinsurance Contract Wording Revisited
Sep 2018 Vacating a Reinsurance Arbitration Award for Evident Partiality
Jun 2018 Insurtech, Disruptive Technologies, and Reinsurance
Mar 2018 Has Bellefonte Met Its Match?
Nov 2017 Confidentiality Agreements in Reinsurance Disputes
Aug 2017 Professional Profiles: Larry P. Schiffer, Squire Patton Boggs (US) LLP
Jun 2017 Is It over Yet? "Functus Officio" in Reinsurance Arbitrations
Mar 2017 Blockchain Technology and Reinsurance
Dec 2016 Exclusive Arbitral Authority Dangers in Reinsurance Contracts
Aug 2016 What Is a Financial Interest Clause in a Reinsurance Contract?
Jun 2016 The Reinsurance Information Free-for-All Highway
Mar 2016 Allocation in the Mind of the Ceding Insurer
Dec 2015 Clash Cover and Bad Faith
Sep 2015 Reinsurance First Advised Clause
May 2015 The Interplay between Fronting and MGA Arrangements
Mar 2015 The "Secret" World of Reinsurance
Dec 2014 Which Came First, the Insurance Policy or the Reinsurance Contract?
Sep 2014 When Is a Reinsurance Treaty Not a Reinsurance Treaty?
Jun 2014 When Contracts Collide: Complex Reinsurance Programs
Mar 2014 What Does "Written as Such" Really Mean?
Dec 2013 Find the Right Reinsurer Years after Contract Termination
Sep 2013 Reinsurance and Ever-Expanding Regulation and Oversight
Jun 2013 Reinsurance and Emerging Risks
Mar 2013 Follow-the-Fortunes: Reasonableness Is in the Eye of the Beholder
Dec 2012 What's Natural about the Expiration of In-Force Policies When a Reinsurance Contract Terminates?
Sep 2012 Underwriting and Claims Clauses in Reinsurance Agreements
Jun 2012 When Does "Incurred" Mean "Incurred" for Insurance and Reinsurance Purposes?
Feb 2012 What Time Is It? Determining the Statute of Limitations in Reinsurance Disputes
Dec 2011 More Porridge Please: Reinstatements in Reinsurance
Aug 2011 Reinsurance Terminology Explained: Bordereau
May 2011 Multiparty Reinsurance Contracts—All for One and One for All
Mar 2011 Who's on First? Conflicting Arbitration and Service-of-Suit Clauses
Dec 2010 Protect against Inflation with the Reinsurance Index Clause
Aug 2010 Privity of Contract in Reinsurance: It's All in the Relationship
Jun 2010 My Reinsurer Is in Runoff. What Do I Do Now?
Mar 2010 Prejudice, Smejudice: Late Notice in the Face of a Condition Precedent
Jan 2010 In Defense of Reinsurance
Aug 2009 Playing the Name Game—An Update on Cut-Through Clauses
Jun 2009 Third-Party Guarantees of Reinsurance Obligations: I Guarantee It!
Mar 2009 Clash Cover Reinsurance and Economic Catastrophe Losses
Dec 2008 Turnabout Is Fair Play—Reinsurers Now Have Credit-Risk Worries
Aug 2008 Where Has Traditional Reinsurance Gone?
Jun 2008 Consolidation Issues in Reinsurance Contracts
Mar 2008 Reinsurancese—Time for a Change?
Feb 2008 Keeping the Information Flowing: Loss Notice and Reporting Clauses in Reinsurance Contracts
Oct 2007 Adventures in Contract Wording: Jury Still Out on Meaning of "Sole Judge"
Jun 2007 When the Government Is Your Reinsurer
Mar 2007 The Honorable Engagement Clause (But I Thought I Had a Legal Contract!)
Dec 2006 The Strain To Retain
Sep 2006 How To Make Friends with Your Reinsurer
Jun 2006 Reinsurance Arbitration—A Primer
Mar 2006 Stuck in the Middle—The Reinsurance Intermediary
Jan 2006 Contract Finality—What a Concept!
Sep 2005 Avoiding the Reinsurance Credit Risk
Jun 2005 The Late Notice Defense in Reinsurance—Updated
Mar 2005 Should I Stay or Should I Go Now?
Dec 2004 The Naked Truth—The Reinsurer's Right to Information
Sep 2004 Multiyear Policies and Annualization of Reinsurance Limits
Jul 2004 Insurer Insolvency and Reinsurance
Apr 2004 Follow-the-Fortunes Updated
Jan 2004 Up-Front about Reinsurance
Nov 2003 Understanding the Business-Covered Clause in a Reinsurance Contract
Jul 2003 To Commute or Not To Commute, that Is the Question
Mar 2003 Who Owes Whom? Understanding Setoffs in Reinsurance
Dec 2002 When Errors Occur in a Reinsurance Relationship
Sep 2002 Late Notice in Reinsurance Claims: Does Prejudice Matter?
Mar 2002 Sorting Out the Reinsurance Contract Morass
Jan 2002 If It Looks Like a Claim, and Sounds Like a Claim, Is It a Claim for Reinsurance Purposes?
Oct 2001 Understanding Reinsurance Terminology—Follow-the-Fortunes
Jun 2001 The Trouble with Giving Away the Pen
Mar 2001 Cut-Through Provisions in Reinsurance Agreements
Dec 2000 The Reinsurance Relationship—How Special Is It?
Sep 2000 Adventures in Contract Wording: The Effect of Ambiguous Reinsurance Contract Language
Jun 2000 Are Punitive Damage Awards Recoverable under Reinsurance Agreements?
Mar 2000 Reinsurance Matters