Creating an Oasis from the Desert

Exploration of Assets, Both Balance Sheet and Intangible

This focused two-day event equips you with practical strategies for navigating complex asset valuation, marshaling, and preservation challenges in insurance receiverships, all while protecting policyholders in an increasingly digital world.

From traditional securities and real estate to digital assets, smart contracts, deferred tax assets, and intercompany receivables, today’s receivership landscape demands specialized expertise and greater collaboration than ever before.

8:00 AM – 8:10 AM

Opening Remarks and Housekeeping Comments

8:10 AM – 8:30 AM

Welcome

Charles Bassett
Arizona Director of the Department of Insurance and Financial Institutions

8:35 AM – 9:50 AM

Session 1: HR Issues During Organizational Transitions

Presenter: Trey Boone, eSource Human Resources

Organizational changes create uncertainty for employees. Implementing change-management best practices can help build trust between the receiver and employees. Reestablishing the “value proposition” of working for the company will improve the retention of key employees.

Key Issues:

• Building trust with employees is critical.
• Communications need to be constant.
• Implement change-management principles.
• Ensure HR compliance when dealing with employee terminations.

9:55 AM – 10:50 AM

Session 2: Digital Assets

Panelists:
Josh O. Lively, Cantilo & Bennett
Michael Burshteyn, Greenberg Traurig

10:50 AM – 11:05 AM

Networking Break

11:05 AM – 12:00 PM

Session 3: Reinsurance – Red Flags, Tools and Collaboration

Moderator: Joel Glover, Faegre Drinker

Panelists:
Bruce Baty, Norton Rose Fulbright US LLP
Mike Fitzgibbons, Fitzgibbons & Company, Inc.
Lori Munn, Arizona Department of Insurance and Financial Institutions

The panel will focus on reinsurance from the perspective of regulators and receivers at various stages, including pre-regulatory action, rehabilitation, and liquidation. Reinsurance may be a valuable asset for insurers and may play an important role in protecting the estate, policyholders, and guaranty associations.

Key Takeaways:

• Identifying red flags related to reinsurance treaties.
• Tools for dealing with reinsurance issues.
• The importance of collaboration.

12:00 PM – 1:30 PM

Luncheon Break and Keynote Presentation

Keynote Speaker: Jared Smith, Senior Curator of History, Tempe Historical Museum

1:30 PM – 2:25 PM

Session 4: What’s Your Move? Unique Assets Resolution

Moderator: Joe Holloway, California Liquidation Office

Panelist: Jan Moenck, Risk & Regulatory Consultants

Attendees will respond to scenarios with possible resolutions, which a panel of seasoned receivers will then discuss.

2:30 PM – 3:30 PM

Session 5: Ethics and the Use of Artificial Intelligence for Insurance Receivers

Panelists:
Paige D. Waters, Partner, Troutman Pepper Locke LLP
Stephanie O’Neill Marco, Counsel, Troutman Pepper Locke LLP

This program will examine how emerging AI tools intersect with the unique fiduciary, statutory, and ethical obligations of insurance receivers. The presentation first introduces core AI technologies and current insurance industry use cases, then situates potential receivership applications—such as claims review, communications, portfolio analysis, and litigation support—within the receiver’s heightened duties of competence, loyalty, transparency, fairness, and confidentiality.

Using a five-pillar ethical framework and practical hypotheticals involving AI-assisted claim classification, predictive distribution modeling, and avoidance-action discovery, the program explores risks such as inaccuracy, bias, “hallucinations,” and data security. It will address how these risks must be managed through human oversight, verification protocols, disclosure to courts and stakeholders, and robust governance policies.

The session concludes with a discussion of emerging bar, regulatory, and NAIC guidance and offers concrete best-practice recommendations and an implementation framework to help receivers adopt AI responsibly, ethically, and in alignment with court supervision and public-interest obligations.

3:25 PM – 3:45 PM

Networking Break

3:50 PM – 4:50 PM

Session 6: Complex Investment Structures

Panelists:
Scott Millimet, PIMCO
Dustin Plotkin, Oliver Wyman

8:00 AM – 8:05 AM

Housekeeping Comments

8:05 AM – 9:00 AM

Session 7: Recovering Value for the Receivership Estate from Non-Traditional and Encumbered Assets

Panelists:
Kevin Baldwin, Special Deputy Receiver, Illinois Office of the Special Deputy
Fred Griffith, CFO, Lumbermens Mutual Casualty Co., In Liquidation

Utilizing the liquidation proceeding of a top-15 U.S.-based property and casualty carrier as their case study, the panelists will discuss strategies for monetizing value from non-traditional and encumbered estate assets, including limited partnerships, large-deductible collateral, collateralized reinsurance obligations, assigned-risk pools, state deposits, tax-sharing agreements, and prepaid service contracts.

9:05 AM – 10:00 AM

Session 8: Commissioners Panel

Moderator: Christian Brito, Greenberg Traurig

10:00 AM – 10:20 AM

Networking Break

10:25 AM – 11:20 AM

Session 9: Asset Recovery Litigation

Panelist: Kyle Ewing, Greenberg Traurig

11:25 AM – 11:30 AM

Wrap-Up and Upcoming IAIR Events