Jonathan F. Bank
Certified Arbitrator
vCard
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Personal Information
| Address: |
167 Granville Ave
Los Angeles, CA 90049
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| Phone: |
310-471-3313 |
Current Employment
| Company: |
Locke Lord Bissell & Liddell LLP |
| Position(s) and Responsibilities: |
Of Counsel in the firm’s Insurance & Reinsurance Practice Group |
| Address: |
300 S. Grand Avenue,
Suite 2600
Los Angeles, CA 90071
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| Phone: |
213-687-6700 |
| Cell: |
213-400-6400 |
| Fax: |
213-341-6700 |
| Email: |
jbank@lockelord.com |
| Website: |
www.lockelord.com |
Previous Employment
| Company: |
Tawa Associates Ltd (2000-2003) |
| Position(s) and Responsibilities: |
Senior Vice President, General Counsel |
| Company: |
PricewaterhouseCoopers (1998-2000) |
| Position(s) and Responsibilities: |
Insurance Practice Leader, US insurance/reinsurance regulatory and restructuring practice. |
| Company: |
Chadbourne & Park LLP (1994-1998) |
| Position(s) and Responsibilities: |
Partner |
Credentials
| Attorney: |
Yes |
| Education: |
Member of the bars of California and New York.
Previously served on the Advisory Committee on Reinsurance for the NAIC, and was a member of the National Association of Insurance Commissioners Rehabilitators & Liquidators Task Force. Prior vice-chair of the Public Regulation of Insurance Law Committee, and a member of the Insurance Insolvency Task Force Steering Committee for the American Bar Association Section of the Tort and Insurance Practice section. Member of the Board of Directors of Platinum Underwriters Holdings, Ltd, and Chairman of the Compensation Committee,member of the board of directors of PXRE Reinsurance Company, prior member of the Board of Directors of Security Captial Assurance Company. |
| Other Information: |
Member of:
Association of Insurance & Reinsurance Run Off Companies (“AIRROC”)
Excess & Surplus Lines Claims Association
International Association of Insurance Receivers
Society of Financial Examiners |
Work Experience
Insurance Company:
4 years
Legal Department:
4 years.
General Counsel
Reinsurance Company:
3 years
Legal Department:
3 years.
General Counsel
Law Firm (Insurance/Reinsurance Practice):
32 years
Partner:
21 years.
Associate:
7 years.
Counsel:
4 years.
Insurance-related Firms:
2 years
Accounting Firm:
2 years.
US Insurance Restructuring Leader
Breakdown of Experience
| Commercial Liability |
15% |
| Commutations |
15% |
| Insolvencies |
15% |
|
| MGA/MGU |
15% |
| Regulatory/Licensing |
10% |
| Contract Wording |
10% |
|
| Captives/Risk Retention Groups |
10% |
| Bad Faith/ECO |
5% |
| Life |
5% |
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By Market
U.S. Market:
50%
U.K. Market:
25%
Bermuda/Off-shore Market:
25%
Insurance vs. Reinsurance: 25/75%
Treaty vs. Facultative Reinsurance: 65/35%
Former Insurance or Reinsurance Company Officer
Current Insurance or Reinsurance Company Director
Mediation Experience
Number of Mediations
As Mediator: 5
As Counsel: 5
ARIAS Experience
Ethics Training, as Trainee: 1; February 18, 2009
Arbitration Experience
Number of Arbitrations
As an Arbitrator: 13
As an Umpire: 3
As Outside Counsel: 47
As Employee Manager: 5
Arbitrator Experience
Number of Arbitrations
| 1 |
Appointed as an arbitrator. |
| 2 |
Acted as an arbitrator through the organizational meeting or the arbitration has only reached this stage and the resolution of significant pre-hearing motions. |
| 2 |
Acted as an arbitrator through an evidentiary hearing of at least one full day and less than three full days regarding the substantive merits of the parties' dispute. |
| 3 |
Acted as an arbitrator through to final award after completion of an evidentiary hearing of at least one full day and less than three full days regarding the substantive merits of the parties' dispute. |
| 5 |
Acted as an arbitrator through to final award after completion of an evidentiary hearing of at least three full days regarding the substantive merits of the parties' dispute. |
Umpire Experience
Number of Arbitrations
| 1 |
Acted as an umpire through to final award after completion of an evidentiary hearing of at least one full day and less than three full days regarding the substantive merits of the parties' dispute. |
| 2 |
Acted as an umpire through to final award after completion of an evidentiary hearing of at least three full days regarding the substantive merits of the parties' dispute. |
Lead Counsel Experience
Number of Arbitrations
| 2 |
Acted as Lead Counsel through the organizational meeting or the arbitration has only reached this stage. |
| 10 |
Acted as Lead Counsel through to an evidentiary hearing of at least one full day and less than three full days regarding the substantive merits of the parties' dispute. |
| 10 |
Acted as Lead Counsel through to final award after completion of an evidentiary hearing of at least one full day and less than three full days regarding the substantive merits of the parties' dispute. |
| 25 |
Acted as Lead Counsel through to final award after completion of an evidentiary hearing of at least three full days regarding the substantive merits of the parties' dispute. |
Employee Manager Experience
Number of Arbitrations
| 5 |
Employee Manager of arbitration through evidentiary hearing of at least three full day regarding the substantive merits of the parties' dispute. |
Biography
In his more than 35 years of corporate and private practice, Jonathan Bank has been involved in all phases of insurance and reinsurance transactions. He has worked on numerous insurance insolvencies, including the representation of liquidators/provisional liquidators in many of the largest foreign insurance restructurings. He has been involved in numerous arbitrations/litigation as counsel involving assumption reinsurance, cut-through endorsements, follow-the-fortunes, bad faith and issues regarding occurrences and transfer of risk. Jonathan was the Senior Vice President of Tawa Associates Ltd, a company formed to acquire, restructure and manage insurance companies in run off. Prior to that, Jonathan was the Insurance Practice Leader of PricewaterhouseCoopers’ US insurance/reinsurance regulatory and restructuring practice. Jonathan has spoken at many conference/seminars, including those sponsored by the RAA, the Guernsey Captive Forum, the IRU,the Excess/Surplus Lines Claims Association, and he organized/chaired/co-chaired the first two Mealey’s Insurance Insolvency and Reinsurance Roundtable conferences as well as Mealey’s Run Off Conference, Mealey’s Corporate Counsel Conference and Mealey's Global Reinsurance Forum. He co-chaired the Educational Session of the 2007 AIRROC/Cavell Commutations Event. Jonathan testified before the Finance and Insurance Committee of the California Assembly on Reinsurance, has served as an arbitrator and umpire in reinsurance arbitrations, and as an expert witness in reinsurance disputes. He is a Certified Arbitrator of ARIAS-US, and a panel member of the American Arbitration Association. He is a past member of the Board of Directors of Platinum Underwriters Holdings, Ltd. and Security Capital Assurance, Ltd (now Syncora Holdings, Ltd) and currently on the Board of PXRE Reinsurance Company.
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