John Sarchio and Richard Liskov
Crowell & Moring LLP is pleased to announce the addition of John Sarchio and Richard G. Liskov to the firm's Insurance/Reinsurance and Corporate groups; they join, respectively, as partner and senior counsel. Based in the firm's New York office, the lawyers represent an expansion of Crowell & Moring's transactional and regulatory capabilities to serve clients in insurance-related matters.
"Crowell & Moring is an established leader in insurance/reinsurance practices in the United States," said Angela Styles, chair of Crowell & Moring. "With the addition of both John and Richard, we will deepen our regulatory and transactional capabilities in this industry."
Sarchio has 37 years of experience representing a broad range of clients in insurance-related transactional and regulatory matters, including mergers, acquisitions, restructurings, insurance-linked securities and financings, reinsurance transactions, self-insurance and captive programs, and regulatory consulting and compliance. Liskov, a former deputy superintendent and general counsel of the New York State Insurance Department (now the New York State Department of Financial Services), has 35 years of experience representing insurers, reinsurers, producers, and financial institutions in insurance regulatory and transactional matters. Both lawyers join from Dentons LLP.
"Insurance is one of the pillars of Crowell & Moring's New York office," said Glen G. McGorty, the firm's New York managing partner. "With the arrival of John and Richard – unquestioned leaders in their field – we will be able to take on even more sophisticated corporate and commercial transactions for insurance and reinsurance industry clients."
"Crowell & Moring has a reputation as a world-class firm that attracts the best legal talent," Sarchio said. "Our experience in the insurance regulatory and transactional space complements the firm's existing insurance industry practice and provides added transaction-related depth to the larger corporate practice in New York and throughout the firm."
In addition to traditional insurance-related M&A and financing transactions, Sarchio's transactional experience includes demutualizations, reciprocal conversions, bank-insurer affiliations, and mutual insurer mergers, as well as insurance securitizations, catastrophe bond issues, and other insurance-linked securities transactions. Sarchio has also represented insurance industry clients in regulatory matters before the state insurance departments of Florida and New York, advised financial services and professional services clients on their D&O and professional liability insurance programs, and counseled non-insurance clients regarding their risk management and corporate insurance programs. In addition, Sarchio has advised state insurance departments and foreign governments on insurance-related legislative matters, including drafting Vermont's Captive Insurance Act and the U.S. Virgin Islands' Exempt Companies Act and Exempt International Insurers Act.
Liskov advises clients on the regulatory aspects of insurance mergers, acquisitions, and financing transactions, including domestic and cross-border purchases, sales, and dispositions of insurers and reinsurers. His work in this area includes securing all required insurance regulatory approvals. He also counsels insurance producers and banking institutions on insurance regulatory compliance matters and advises clients in insurance-related regulatory investigations. As part of his prior government service, he served as a New York state assistant attorney general, handling litigation for the then-New York State Insurance Department.
"John and Richard have a unique combination of regulatory and transactional capabilities in the insurance/reinsurance space," said William C. O'Neill, chair of the firm's Insurance/Reinsurance Group. "They complement our already strong insurance presence in New York that includes, among others, Harry Cohen, Jack Thomas, and Michael Robles."
Sarchio received a J.D. from the University of Pennsylvania Law School, an LL.M. from the London School of Economics and Political Science, and a B.S., magna cum laude, from Bucknell University. Liskov received a J.D. from Columbia University Law School and a B.A., magna cum laude, from Brandeis University. In addition to his law practice, Liskov is a lecturer-in-law and adjunct faculty member at Columbia Law School, where he teaches an upper-class seminar on U.S. insurance regulation.
About Crowell & Moring's Insurance/Reinsurance Group
Crowell & Moring's Insurance/Reinsurance Group handles a wide range of insurance and reinsurance disputes, including hundreds of arbitrations (in the U.S., United Kingdom, and Bermuda) and coverage litigation in virtually every U.S. state. The group's lawyers act as litigators and dealmakers; trial lawyers and settlement professionals; and advocates and advisors. The group's experience spans all of the major industry segments – life, health, property-casualty – and all of the lines of business, including insurance, reinsurance, captives, runoffs, and Special-Purpose Vehicles (SPVs).
About Crowell & Moring's Corporate Group
Crowell & Moring's Corporate Group is an interdisciplinary team of corporate and regulatory lawyers that offers a full-service corporate practice with an emphasis on M&A, joint ventures and strategic partnerships, corporate securities and finance and complex outsourcing, IP, and commercial arrangements. The group works with large international and domestic public companies, mid-sized and emerging businesses, privately held firms, private equity sponsors and hedge funds, investment firms, and high net-worth individuals across a wide range of industries. It is adept at operating in industries such as healthcare, defense and other government contracts, financial services, manufacturing, automotive, retail/consumer goods, energy, life sciences, and high tech.
About Crowell & Moring LLP
Crowell & Moring LLP is an international law firm with approximately 500 lawyers representing clients in litigation and arbitration, regulatory, and transactional matters. The firm is internationally recognized for its representation of Fortune 500 companies in high-stakes litigation, as well as its ongoing commitment to pro bono service and diversity. The firm has offices in Washington, D.C., New York, Los Angeles, San Francisco, Orange County, London, and Brussels.