Insurance vs. Reinsurance: 25/75%
Treaty vs. Facultative Reinsurance: 50/50%
Current Insurance or Reinsurance Company Officer
Current Insurance or Reinsurance Company Director
Workshops, as Faculty: 1; September 2010
Ethics Training, as Trainee: 1; February 2010
ARIAS Conference Faculty: 9; Spring 2003, Fall 2003, Fall 2004, Spring 2008, Spring 2009, Spring 2010,Fall 2011, Spring 2011, Spring 2014, Fall 2014
Number of Arbitrations
As an Arbitrator: 56
As an Umpire: 49
As Employee Manager: 85
As Corporate Representative: 15
MARK S. GUREVITZ
Mark S. Gurevitz is the founder and principal of MG Re Arbitrator and Mediator Services LLC, a consulting firm specializing in dispute resolution services for the insurance and reinsurance industry. An ARIAS•U.S. Certified Arbitrator and Umpire, Mr. Gurevitz serves as an arbitrator and umpire on insurance and reinsurance matters involving property-casualty and life business, is a FINRA approved arbitrator and Chairperson, and an American Arbitration Association Neutral. He is a Director of Heritage Reinsurance Company, Ltd. and in December 2019 was appointed a Vice President of the company.
Mark was named as a worldwide expert by Who’s Who Legal: Insurance and Reinsurance for 2019 and 2020. He is described as “’an outstanding practitioner’ in insurance disputes, where he brings his considerable knowledge in the area to bear on an array of complex matters.”
Prior to starting his own consulting practice, Mr. Gurevitz was a senior lawyer and executive officer of The Hartford Financial Services Group, Inc. for over 20 years, where he served as Senior Vice President and Associate General Counsel of the holding company and affiliated insurance companies, including Hartford Fire Insurance Company. As The Hartford’s chief reinsurance lawyer, his responsibilities included all legal oversight of ceded collections, assumed reinsurance claims, ceded contract wordings, run-off management (both here and in the UK), Bermuda operations, reinsurance regulatory compliance and a variety of governance and structural initiatives, for both on-going and run-off operations. During his tenure, he also oversaw the company’s property-casualty and employment law functions.
Mr. Gurevitz has extensive experience evaluating, negotiating and resolving major industry reinsurance issues such as pollution, asbestos, surgical implants, September 11th, winter storms, Hurricane Katrina, Enron and other bond claims, as well as matters concerning common account programs, disability, group and individual life, and guaranteed components of annuity products. His work also included the development and review of new and renewal treaty and facultative wordings, preferred model wordings and placement of catastrophe bonds. He oversaw The Hartford’s response to governmental inquiries into finite reinsurance in the insurance industry. He co-authored comprehensive insurance quoting and compensation guidelines implemented by all underwriting areas in response to NAIC initiatives on disclosure of insurance broker commissions, for which he received a Chairman’s Gold Award.
Before joining The Hartford, Mark specialized in insurance coverage and reinsurance matters at the Philadelphia law firm of White and Williams. From 1980 to 1985, he served as an Assistant District Attorney for the City of Philadelphia.
A frequent lecturer on reinsurance and arbitration topics, Mr. Gurevitz is a Director Emeritus, former President and Chairman of ARIAS•U.S., was chair of its Long Range Planning Committee and co-chair of the Forms and Procedures Committee and is on the Editorial Board of the ARIAS Quarterly and the new ARIAS Ethics Discussion Committee. He was a member of the industry-wide task force which promulgated and updated the Procedures for the Resolution of U.S. Insurance and Reinsurance Disputes and a lecturer in law at the University of Connecticut Law School Masters in Insurance Law Program. He was a member of the Board of Trustees of the Greater Bridgeport Symphony Orchestra and serves as a Lector and member of the Parish Finance Committee at St. Catherine of Siena Church in Trumbull, CT. Mark is active in the community as a pro bono lawyer with Connecticut Legal Services where he provides legal services to low-income clients, and as a volunteer mediator with the Connecticut Commission on Human Rights and Opportunities. He also served as a Commission member and Vice-Chairman of the Town of Trumbull Ethics Commission.
He is a graduate of The Pennsylvania State University, with high distinction, and received his J.D., cum laude, from Temple University School of Law. He also attended the American Institute for CPCU and Wharton School of Business Insurance Executive Development Program.