Profile
Jonathan F. Bank
Current Employment
  • Company:
    Locke Lord LLP
  • Position(s) and Responsibilities:

    Of Counsel in the firm’s Insurance & Reinsurance Practice Group

  • Address:
    300 S. Grand Avenue,
    Suite 2600
    Los Angeles, CALIFORNIA 90071
  • Phone:
    213-687-6700
  • Cell:
    213-400-6400
  • Fax:
    213-341-6700
  • Email:
  • 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. Prior member of the Board of Directors of Platinum Underwriters Holdings, Ltd,/Chairman of the Compensation Committee,member of the board of directors of PXRE Reinsurance Company, member of the board of directors of Lincoln General Insurance 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”)
  • International Association of Insurance Receivers
  • Society of Financial Examiners
  • Prior Sr Vice President of both Tawa Associates Ltd, & its subsidiary, CX Reinsurance Co Ltd.
  • Prior General Counsel of Argonaut Insurance Company.
Work Experience
  • Insurance Company: 3 years.
    Legal Department: 3 years. General Counsel
  • Reinsurance Company: 3 years.
    Legal Department: 3 years. Sr. Vice President, General Counsel
  • Law Firm (Insurance/Reinsurance Practice): 34 years.
    Partner: 17 years.
    Associate: 7 years.
    Counsel: 10 years.
  • Insurance-related Firms: 2 years.
    Accounting Firm: 2 years. PwC US Insurance Restructuring Leader
Breakdown of Experience
  • Insolvencies
    15%
  • Commutations
    15%
  • MGA/MGU
    15%
  • Contract Wording
    10%
  • Regulatory/Licensing
    10%
  • Life
    10%
  • Captives/Risk Retention Groups
    10%
  • Commercial Liability
    10%
  • Bad Faith/ECO
    5%
By Market
  • U.S. Market:
    55%
  • U.K. Market:
    25%
  • Bermuda/Off-shore Market:
    10%
  • European Market:
    5%
  • Global Market:
    5%

Insurance vs. Reinsurance: 30/70%
Treaty vs. Facultative Reinsurance: 65/35%
Current Insurance or Reinsurance Company Director

Mediation Experience
  • Number of Mediations
    As Mediator: 5
    As Counsel: 5
ARIAS Experience

Ethics Training, as Trainee: 2; February 2009; September 2011

ARIAS Conference Faculty: 4; Spring 2011, Spring 2012, Fall 2014, Spring 2017

Arbitration Experience

Number of Arbitrations

As an Arbitrator: 16

As an Umpire: 10

As Outside Counsel: 49

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.
5
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.
6
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
2
Acted as an umpire through the organizational meeting or the arbitration has only reached this stage.
2
Acted as an umpire through the organizational meeting or the arbitration has only reached this stage and the resolution of significant pre-hearing motions.
1
Acted as an umpire through 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 one full day and less than three full days regarding the substantive merits of the parties' dispute.
3
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.
11
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.
11
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 40 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 domestic & foreign insurance insolvencies/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 both Tawa Associates Ltd, a company formed to acquire, restructure and manage insurance companies in run off & its subsidiary, CX Reinsurance Co Ltd. Prior to that, Jonathan was the Insurance Practice Leader of PricewaterhouseCoopers’ US insurance/reinsurance regulatory and restructuring practice.Previously he was the General Counsel of Argonaut Insurance Company.
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. 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.