Profile
Frank J. DeMento
Current Employment
  • Company:
    Transatlantic Reinsurance Company
  • Position(s) and Responsibilities:

    Mr. DeMento is Vice President and Claims Manager. He has over 20 years experience in insurance and reinsurance claims across all property and casualty lines of business.

  • Address:
    One Liberty Plaza
    165 Broadway
    New York, NEW YORK 10006 United States
  • Phone:
    212 365-2334
  • Cell:
    917 580-0752
  • Email:
Previous Employment
  • Company:
    Crowell and Moring, LLP. (2013 - 2016)
  • Position(s) and Responsibilities:

    Prior to joining TransRe in 2016, Mr. DeMento practiced law in the insurance and reinsurance group, where he specialized in reinsurance arbitrations.

  • Company:
    XL Reinsurance America Inc. (2007 - 2013)
  • Position(s) and Responsibilities:

    Mr. DeMento was Vice President, Retro-Ceded Claims Unit Manager, Run-Off Claims Unit Manager, and Claims Counsel.

  • Company:
    Mendes and Mount, LLP. (2000 - 2007)
  • Position(s) and Responsibilities:

    Mr. DeMento was a partner in the insurance and reinsurance litigation group, where he specialized in reinsurance arbitrations.

Credentials
  • Attorney:
    Yes
  • Education:
    Washington and Lee University
    St. John's University School of Law
  • Degrees:
    Bachelor of Arts, 1990
    Juris Doctor, 1994
  • Designations:
    Chartered Property and Casualty Underwriter (CPCU)
    Associate in Reinsurance (ARe)
    Certified Legacy Insurance Professional (CLIP)
  • Other Information:
    Admitted to practice law in New York, Tennessee, and was Connecticut Authorized House Counsel.
Work Experience
  • Reinsurance Company: 12 years.
    Claim Department: 12 years. Claims Manager, Claim Counsel, Run-Off Claims Unit Manager, & Retro-Ceded Claims Unit Manager
  • Law Firm (Insurance/Reinsurance Practice): 11 years.
    Partner: 2 years. Insurance & Reinsurance Litigation Department of Mendes & Mount, LLP
    Associate: 5 years. Insurance & Reinsurance Litigation Department of Mendes & Mount, LLP., Insurance Defense Litigation Department of Evans, Orr, Laffan & DeMaggio, LLP. and Insurance Defense Department of Buerger, Mosely, Carson & Byrd LLP.
    Counsel: 4 years. Insurance & Reinsurance Group of Crowell & Moring, LLP.
Breakdown of Experience
  • Asbestos
    10%
  • Workers' Compensation
    5%
  • Excess/Surplus Lines
    5%
  • Personal Lines
    5%
  • Directors &, Officers
    5%
  • Contract Wording
    5%
  • Commutations
    5%
  • Commercial Property
    5%
  • Commercial Liability
    5%
  • Catastrophes (Property)
    5%
  • Product Liability
    5%
  • Professional Liability/Errors &, Omissions
    5%
  • Bad Faith/ECO
    5%
  • Healthcare
    5%
  • Automobile Liability/Property
    5%
  • Toxic Tort
    5%
  • Environmental/Pollution
    5%
By Market
  • U.S. Market:
    75%
  • U.K. Market:
    25%

Insurance vs. Reinsurance: 20/80%
Treaty vs. Facultative Reinsurance: 75/25%
Current Insurance or Reinsurance Company Officer
Former Insurance or Reinsurance Company Director

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

Workshops, as Faculty: 3; November 2004, March 2012

ARIAS Conference Faculty: 1; 2009 Spring Conference

Other Approved Training:

Webinar Moderator - September 2014,

Arbitration Experience

Number of Arbitrations

As an Arbitrator: 8

As an Umpire: 2

As Outside Counsel: 30

As Employee Manager: 20

As Corporate Representative: 1

Arbitrator Experience
Number of Arbitrations
2
Acted as an arbitrator through the organizational meeting or the arbitration has only reached this stage.
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.
1
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.
1
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
10
Acted as Lead Counsel through the organizational meeting or the arbitration has only reached this stage and the resolution of significant pre-hearing motions.
5
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.
15
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
20
Employee Manager of arbitration.
Company Representative Experience
Number of Arbitrations
1
Company Representative in arbitration through the organizational meeting or the arbitration has only reached this stage as well as significant motions before the panel, panel consultations, and interim awards, but not through the hearing briefs.
Biography

Frank J. DeMento is an experienced insurance and reinsurance lawyer and insurance company executive. Currently, he is Vice President and Claims Manager at TransRe. Prior to joining TransRe, Mr. DeMento was Senior Counsel in the insurance and reinsurance group of Crowell and Moring LLP. He also was a Vice President and the head of run-off claims, the head of retroceded claims, and claims counsel for XL Reinsurance America, Inc. Before that, Mr. DeMento was a partner in the insurance and reinsurance litigation group at Mendes and Mount, LLP.

Mr. DeMento has been a member of ARIAS since 2003. He was also a member of the board of directors of ROM Reinsurance Management Co., Inc. for six years and served as its chairman. Mr. DeMento also served as a member of the board of directors of the Association of Insurance and Reinsurance Run-off Companies (AIRROC) for three years and served as co-chairman on its education committee. Further, Mr. DeMento serves on the education, claims, and governance committees of the Intermediaries & Reinsurance Underwriters Association. Additionally, Mr. DeMento holds the following industry designations: Associate in Reinsurance; Chartered Property Casualty Underwriter; and Certified Legacy Insurance Professional.

Mr. DeMento received his undergraduate degree from Washington and Lee University and his Juris Doctor degree from St. John’s University School of Law. He is licensed to practice law in New York and Tennessee and was previously licensed as authorized house counsel for XL Re in Connecticut.