Michael Kasdin

Corporate, Insurance, Insurance & Reinsurance Litigation, Insurance Taxation, Mergers, Acquisitions & Complex Reinsurance Transactions, Regulatory Compliance

Michael Kasdin is a partner and insurance lawyer who provides counsel in connection with the acquisition and strategic management of carriers and brokerages as well as with structuring and documenting esoteric reinsurance programs. He has represented large title insurance companies as outside general counsel and has litigated numerous title insurance claims across the country.

Representative Experience

-Represented Fidelity Title and its affiliates as outside counsel for major claims

-Assisting as coverage counsel for a $30mm title claim (with a $20mm policy) pending in Bermuda

-Counseled a private equity fund in connection with its receipt of the first Form A approval for a captive in the state of Utah

-Obtained regulatory approval for change of control of insurance entities in M&A transactions valued at more than $2 billion of market value

-Counseled hedge fund with respect to acquisition of major provider of insurance-linked securities

-Acted as lead insurance counsel with respect to split of public company with a market capitalization of nearly $30 million

-Prepared custom policy wording for representation and warranty insurance policy insuring acquisition of IP assets worth more than $400 million

-Structured and led acquisition of nearly $500 million in life settlements by offshore insurance holding company using new Irish ICAV structure

-Obtained summary judgment for a defendant in reinsurance litigation that had been labeled “one of the largest insurance frauds of the twentieth century”

-Obtained a complete victory for a major title insurance company in a large-claim arbitration involving novel issues of valuation and damages

-Secured a complete recoupment judgment against a negligent agent on behalf of a major title insurance company, one of the largest such judgments the company had ever obtained

-Developed and obtained approval for a new insurance product that had been previously dismissed by regulators as a form of non-permissible financial guaranty insurance

-Designed and completely documented an intra-company reinsurance program for one of the largest insurers in the United States

-Assisted a non-admitted alien insurer in developing a fully compliant protocol for writing primary insurance on a non-admitted basis in every U.S. jurisdiction

-Assisted various Fortune 500 clients with regulatory compliance issues related to captive insurance programs, including the development of compliant self-insured workers’ compensation programs

-Formed a financial guaranty insurance company from the ground up and obtained licenses in more than 40 jurisdictions

-Assisted with designing and obtaining approval for a novel rehabilitation plan for a major insurance company insolvency

Chicago-Kent College of the Law

JD

Cornell University

BA