Anthony “Tony ” B. Sherman regularly advises clients on insurance and service contract transactional and regulatory issues. Tony is a Chartered Property Casualty Underwriter (CPCU) and has earned the Associate in Reinsurance (ARe) professional designation. Areas of focus for his practice include:
Tony has extensive experience with reinsurance transactions, including in connection with buying and selling blocks of business, XXX reserve financing transactions, sidecars and novations and commutations of existing reinsurance. He has reviewed many collateral arrangements to provide cedants with credit for reinsurance and/or security. He also counsels clients on reinsurance regulatory issues.
Tony has analyzed regulatory aspects of the issuance, administration and/or marketing of vehicle service contracts, service contracts on consumer electronics and appliances and home warranties for numerous clients. On behalf of insurers, manufacturers, retailers, third-party providers and administrators, he has reviewed and revised program, administrative and reinsurance agreements for service contract business.
Tony has worked on numerous insurance and service contract M&A transactions. His work includes identification of regulatory risk through due diligence, drafting and review of acquisition-related agreements, including stock purchase, asset purchase and administration agreements, and assisting clients to obtain necessary regulatory approvals. In addition to his work as primary M&A counsel for clients, he has acted as special regulatory counsel for clients, including private equity firms.
Tony regularly counsels clients on insurance distribution issues, including transactions to cross-sell insurance products and quasi-insurance products (e.g., debt cancellation/debt suspension agreements and GAP/guaranteed asset protection contracts) to members of associations and customers of retailers and financial institutions. He has drafted and reviewed agency agreements and joint marketing agreements. He also assists clients with insurance producer licensing and compensation issues.
Tony has a broad range of experience with insurance regulatory work for life and property/casualty clients. He has worked on regulatory projects involving licensing, product review, insurance holding company reporting and approvals, investment restrictions, third party administrators and managing general agents, unauthorized insurance issues, unfair trade practice limitations, reinsurance and agents/brokers/producers.
Professional Affiliations :
- Member, American Bar Association
- Member, CPCU Society
- J.D., cum laude, University of Wisconsin Law School, 1992
- B.A., with distinction, University of Wisconsin-Madison, 1989
- Illinois, 1992
- Wisconsin, 1992
Admitted To Practice :
- U.S. District Court for the Northern District of Illinois, 1992
- U.S. District Court for the Western District of Wisconsin, 1992
Rate : $$$