Subject Matter Expertise
Commercial/Securities
Lorraine’s cross-disciplinary approach to structuring a wide range of commercial transactions has proven invaluable for her role as an arbitrator or mediator. She stresses the need for patience, persistence and careful listening to help ensure each party to a dispute receives a balanced and impartial proceeding. Her experience as General Counsel, Global Derivatives and Government Affairs to a global public company, and as senior counsel to several financial services firms, provides a perspective of having “been in the trenches” to resolve complex, commercial matters.
Extensive experience structuring private and public company transactions, including business and sale, global M&A, partnership, joint venture and corporate finance transactions.
Co-headed the project team for the corporate reorganization and redomestication of XL Group, a public holding company with assets of $45B+, from the Cayman Islands to Ireland.
Advised boards of directors and senior management on corporate governance related requirements for global public companies including NYSE listing standards and SEC rules and regulations.
Headed strategic projects on employment, domestic and international tax matters, indemnification and corporate privacy matters.
Acted as chief compliance officer, with operational oversight, for registered broker-dealer and registered investment advisor.
Insurance
Lorraine’s industry experience as General Counsel to a specialty re/insurance group with a portfolio aggregating $5B+ in risk exposure makes her particularly well-suited to handle risk transfer cases where an insurance company is either a party or insures one or more of the parties to a dispute. She has:
Drafted and negotiated contracts for all forms of property/casualty insurance and annuity coverage, including D&O liability, financial guaranty, commercial general liability (“CGL”), structured indemnity, political risk, employment practice liability (“EPL”) and reps and warranties insurance.
Co-led the management teams of a start-up Bermuda-based investment manager focused on catastrophic risk and collateralized reinsurance products.
Acted as lead counsel for a $60B transaction involving the sale of a majority ownership stake in a publicly held financial guaranty company.
Professional Affiliations
Member, Arbitration Committee and Dispute Resolution Committee, New York City Bar Association
Member, Dispute Resolution Section (Executive Committee), and Commercial and Federal Litigation Section, New York State Bar Association
Secretary, Legal Advisory Committee, Sanctuary for Families
Member, Board of Directors, New York University Law School Alumni Association
Prior Professional Experience
XL Group, plc (now AXA-XL)
Senior Vice President, General Counsel, Global Derivatives and Government Affairs
Senior Vice President, General Counsel and Secretary, XL Financial Solutions, Inc.
(2003-2014 (ret.))
Global derivatives general counsel of S&P 500 public company; member of senior management team for structuring subsidiary.
Partner Re New Solutions, Inc.
Vice President and Chief Legal Officer
(2001-2003)
Oversaw legal implementation of PartnerRe’s worldwide alternative risk management initiative.
Gerling Global Financial Products, Inc.
Managing Director, General Counsel and Secretary
(1999-2001)
Managed all legal affairs for the development and placement of financial risk products for the Gerling group of companies worldwide.
Merrill Lynch Asset Management
Director, Legal Advisory Group
(1998-1999)
Senior Attorney, with operations oversight, for $100B Private Portfolio Group
General Re Corporation
Second Vice President and Assistant General Counsel
(1992-1998)
Securities counsel to $39B NYSE Fortunate 100 diversified reinsurance company and compliance counsel to registered securities broker/dealer and asset management companies.
Prudential Securities Corporation
Vice President and Associate General Counsel
(1989-1992)
Corporate counsel to eight portfolio management programs with $4+B under management.
E.F. Hutton and Company
Vice President and Assistant General Counsel
(1986-1988)
Counsel to the firm’s Treasury, Direct Investments and Retail Brokerage Divisions handling a wide range of matters, including $960M Shearson tender offer transaction, employment litigation, and arbitration proceedings.
Education
Cornell University, School of Arts & Sciences, B.A.
(English)
Experiment in International Living, Besançon, France
Senate Intern, Senator Jacob K. Javits
Tufts University, School of Arts & Sciences, M.A.
(Communications)
Tuition Scholarship Award
Production Assistant, Public Broadcasting Service
New York University Law School
(attended)
Associate Editor, NYU Law School Review of Law and Social Change
George Washington University National Law Center, J.D.
Publications & Speaking Engagements
Panel Leader, “Update on Securities Law Litigation and Developments in Delaware Corporate Law”, New York City Bar Association, CLE Program, May, 2023
Moderator, “How Counsel Selects Arbitrators and Mediators”, New York State Bar Association, Alternate Dispute Section, Annual Meeting, January 18, 2023
“The Time Is Now”, New York Law Journal, January 17, 2023
Panel Leader, “D&O Liability for ESG Litigation”, New York City Bar Association, CLE Program, June, 2022
Panel Leader, “The Insurance M&A Boom”, Current Issues in Insurance Regulation, New York City Bar Association, CLE Program, September, 2021
Panel Leader, “Corporate D&O Liability for Sexual Harassment and Related Claims”, New York City Bar Association, CLE Program, November, 2020
Co-Chair, “ESG in Insurance: Now More than Ever”, New York City Bar Association, CLE Program, September, 2020
Co-Chair, “M&A for Insurance Companies”, New York City Bar Association, CLE Program, September, 2019
Panel Leader, “D&O Exposures Arising from M&A Activity”, New York City Bar Association, CLE Program, May, 2019
Co-Chair, “Forum on Insurance-Linked Securities”, New York City Bar Association, Public Program, June 2018
“Catastrophe Bonds: The Convergence of Capital Markets and Insurance”, Review of Banking and Financial Services, March, 2018