2020 Insurance Industry Review
Publication January 15, 2021
Corporate and Risk Transactions, Regulation and Tax Developments
January 15, 2021
To Our Clients and Friends:
As lawyers we are trained to anticipate the worst-case and to always
have a Plan B. This has served us well for the decades we have been
advisors to the insurance industry during which we and our clients
have experienced financial market dislocations and recessions, armed
conflicts, natural catastrophes and terror events. But never have we
experienced anything like COVID-19 and its public health, economic
and social impacts. Long after this pandemic has been conquered
we will be living with its consequences and the sobering and tragic
human toll it has left in its wake.
Before offering our insights and observations on a remarkable year,
we would like to offer our thoughts and best wishes to our friends
and clients who have been affected by this pandemic and to take
note of the tremendous resiliency of the insurance industry and the
essential role it plays in the global economy. We also wish to thank
our clients for the privilege of advising them on many of the more
significant transactions and issues involving the industry during this
most unusual year.
Sincerely,
Insurance Transactional and Regulatory Practice
Willkie Farr & Gallagher LLP