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Profile
James S. Gkonos
Current Employment
  • Company:
    Saul Ewing LLP
  • Position(s) and Responsibilities:

    Special Counsel, Vice Chairman of Insurance Practice Group. Practice focuses on: reinsurance and insurance contract and interpretation; insurance and reinsurance disputes; financial guarantees, surety bonds and the intersection of insurance and capital markets; commutations; and insurance and reinsurance regulatory matters.

  • Address:
    Centre Square West, 38th Fl.
    1500 Market Street
    Philadelphia, PENNSYLVANIA 19102
  • Phone:
    215-972-8667
  • Cell:
    610-329-3746
  • Fax:
    215-972-1833
  • Email:
  • Website:
    www.saul.com
Previous Employment
  • Company:
    Liberty Mutual Insurance Company
  • Position(s) and Responsibilities:

    Assistant Secretary, Liberty Mutual Insurance Company, Chief Counsel, Surety Division. Duties included: advising underwriters on structuring of domestic and international surety transactions; negotiating and drafting documentation for international securitized transactions; drafting indemnities; handling complex domestic commmercial and international claims; advising management on regulatory matters including the laws on financial guarantees; and the drafting of reinsurance agreements for XOL reinsurance program.

  • Company:
    Mutual Fire, Marine & Inland Insurance Co. (In Rehabilitation)
  • Position(s) and Responsibilities:

    Management Counsel. Duties included: advising Rehabilitator on all aspects of inward and outbound reinsurance claims and interpretation of reinsurance agreements; negotiated, settled and commuted over 200 reinsurance agreements; advising claims department on coverage and settlement of over 13,000 surplus lines claims (mostly property, casualty and workers compensation claims); supervising litigation against former MGA’s and accountants; and advising the Rehabilitator on all aspects of the application of the insurance insolvency laws and insurance regulations to the rehabilitation proceedings.

  • Company:
    Laventhol & Horwath LLP
  • Position(s) and Responsibilities:

    Associate General Counsel. Supervised and handled all litigation against accounting firm. Also advised management on audit and consulting policies and procedures and conducted expert witness training.

Credentials
  • Attorney:
    Yes
  • Designations:
    On January 14, 2009, the ARIAS-U.S. Board of Directors approved James Gkonos as a Certified Arbitrator. His profile will be here shortly.
Work Experience
  • Insurance Company: 14 years.
    Legal Department: 9 years. Management Counsel (general counsel) to Rehabilitator of Mutual Fire Marine & Inland Insurance Company (In Rehabilitation); Associate General Counsel, Liberty Mutual Surety
    Executive Officer (CEO, COO, CFO, Chief Actuary): 5 years. Assistant Secretary, Liberty Mutual Insurance Company, Chief Counsel (general counsel) Liberty Mutual Surety
  • Law Firm (Insurance/Reinsurance Practice): 5 years.
    Counsel: 5 years. Vice Chair of Insurance Group, Special Counsel Saul Ewing LLP
Breakdown of Experience
  • Fidelity &, Surety
    20%
  • Financial Guarantee
    15%
  • Insolvencies
    10%
  • Contract Wording
    10%
  • Commutations
    10%
  • Regulatory/Licensing
    7%
  • Commercial Liability
    6%
  • MGA/MGU
    5%
  • Finite
    5%
  • Accident & Health
    5%
  • Captives/Risk Retention Groups
    5%
  • Third Party Administrator
    2%
By Market
  • U.S. Market:
    50%
  • U.K. Market:
    30%
  • Bermuda/Off-shore Market:
    5%
  • European Market:
    5%
  • Global Market:
    10%

Insurance vs. Reinsurance: 40/60%
Treaty vs. Facultative Reinsurance: 80/20%

ARIAS Experience

Workshops, as Trainee: 1; September 2008

Ethics Training, as Trainee: 2; May 2010; November 2011

Arbitration Experience

Number of Arbitrations

As an Arbitrator: 1

As Outside Counsel: 2

As Employee Manager: 1

Arbitrator Experience
Number of Arbitrations
1
Appointed as an arbitrator.
Lead Counsel Experience
Number of Arbitrations
1
Retained and Acted as Lead Counsel, up to, but not including, the organizational meeting or the arbitration has only reached this stage.
1
Acted as Lead Counsel through to an evidentiary hearing of at least three full days regarding the substantive merits of the parties' dispute.
Employee Manager Experience
Number of Arbitrations
1
Employee Manager of arbitration through evidentiary hearing of at least three full day regarding the substantive merits of the parties' dispute.
Biography