Profile
David Matthew Raim
Current Employment
  • Company:
    Alabama Life Reinsurance Company/ Raim RE, LLC
  • Position(s) and Responsibilities:

    General Counsel at Alabama Life Reinsurance Company. Arbitration work done through Raim RE, LLC.

  • Address:
    7903 Springer Road
    Bethesda, MARYLAND 20817 United States
  • Phone:
    (301)320-5859
  • Cell:
    (301) 325-1231
  • Fax:
    (301)320-6011
  • Email:
Previous Employment
  • Company:
    Chadbourne and Parke LLP/ Norton Rose Fulbright
  • Position(s) and Responsibilities:

    Partner and Chairman of Insurance/Reinsurance Group

  • Company:
    Hughes Hubbard and Reed
  • Position(s) and Responsibilities:

    Partner and Founder of Reinsurance Arbitration Practice

  • Company:
    LeBoeuf, Lamb, Leiby and MacRae
  • Position(s) and Responsibilities:

    Associate Attorney in the Insurance Department

  • Company:
    Anti-Defamation League
  • Position(s) and Responsibilities:

    Assistant Director of National Law Department

Credentials
  • Attorney:
    Yes
  • Education:
    Yale University, BA, cum laude, 1975
    University of Pennsylvania Law School, JD, cum laude, 1978
  • Degrees:
    BA and JD
Work Experience
  • Reinsurance Company: 4 years.
    Executive Officer (CEO, COO, CFO, Chief Actuary): 4 years. General Counsel
  • Law Firm (Insurance/Reinsurance Practice): 35 years.
    Partner: 26 years.
    Associate: 7 years.
    Counsel: 2 years.
Breakdown of Experience
  • Life
    20%
  • Asbestos
    10%
  • Workers' Compensation
    5%
  • MGA/MGU
    5%
  • Insolvencies
    5%
  • Environmental/Pollution
    5%
  • Captives/Risk Retention Groups
    5%
  • Finite
    4%
  • Contract Wording
    3%
  • Accident & Health
    3%
  • Aviation
    3%
  • Fidelity &, Surety
    3%
  • Bad Faith/ECO
    2%
  • Toxic Tort
    2%
  • Professional Liability/Errors &, Omissions
    2%
  • Product Liability
    2%
  • Healthcare
    2%
  • Financial Guarantee
    2%
  • Catastrophes (Property)
    2%
  • Disability
    2%
  • Directors &, Officers
    2%
  • Catastrophes (Casualty)
    2%
  • Commutations
    2%
  • Construction Defects
    2%
  • Excess/Surplus Lines
    1%
  • Automobile Liability/Property
    1%
  • Regulatory/Licensing
    1%
  • Political Risk
    1%
  • Personal Lines
    1%
By Market
  • U.S. Market:
    60%
  • U.K. Market:
    15%
  • Bermuda/Off-shore Market:
    15%
  • European Market:
    5%
  • Global Market:
    5%

Insurance vs. Reinsurance: 10/90%
Treaty vs. Facultative Reinsurance: 70/30%
Current Insurance or Reinsurance Company Officer

Mediation Experience
  • Number of Mediations
    As Mediator: 1
    As Counsel: 15
Arbitration Experience

Number of Arbitrations

As an Arbitrator: 16

As an Umpire: 1

As Outside Counsel: 293

Arbitrator Experience
Number of Arbitrations
6
Appointed as an arbitrator.
6
Acted as an arbitrator through the organizational meeting or the arbitration has only reached this stage and the resolution of significant pre-hearing motions.
1
Acted as an arbitrator through an evidentiary hearing of at least 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 one full day and less than three full days regarding the substantive merits of the parties' dispute.
2
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.
Lead Counsel Experience
Number of Arbitrations
150
Retained and Acted as Lead Counsel, up to, but not including, the organizational meeting or the arbitration has only reached this stage.
50
Acted as Lead Counsel through the organizational meeting or the arbitration has only reached this stage.
25
Acted as Lead Counsel through the organizational meeting or the arbitration has only reached this stage and the resolution of significant pre-hearing motions.
2
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.
1
Acted as Lead Counsel through to an evidentiary hearing of at least 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 one full day and less than three full days regarding the substantive merits of the parties' dispute.
40
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.
Biography

David Raim has been involved with reinsurance matters for over 40 years and has handled hundreds of reinsurance arbitrations as counsel, many of which went to hearing. He started his legal career as an associate at LeBoeuf, Lamb, Leiby & MacRae and has also worked at Hughes Hubbard and Reed and Chadbourne & Parke LLP. He joined Chadbourne as a partner as of January 1, 1989 and founded the reinsurance arbitration practice at the firm. He has also written and spoken extensively on reinsurance and arbitration issues.

Over the years, Mr. Raim has handled arbitrations in many difference areas including property and casualty, life and health, catastrophe, finite risk, retrocessional issues, rescission, surety, APH and workers’ compensation claims.

In 2015, he became the General Counsel of one of his long-standing clients, Alabama Life Reinsurance Company. Effective January 1, 2019, he retired from Norton Rose Fulbright (with which Chadbourne & Parke had merged). His work as an arbitrator will be done through Raim RE, LLC