Nick Pearson is a partner in the Insurance and Reinsurance Department at Edwards Wildman Palmer's New York City office. He has represented U.S. and foreign insurers, reinsurers and producers since 1977 and has served as outside General Counsel to licensed and surplus lines insurers. He has broad insurance regulatory and transactional experience in both life and property & casualty insurance and has represented clients in the formation, acquisition, sale and licensing of insurers, reinsurers, producers, captives and risk retention groups. Mr. Pearson has successfully represented cedents and reinsurers before industry arbitration panels and is experienced in commutations and the detailed analysis and preparation of reinsurance agreements and loss portfolio transfers. He has conducted international reinsurance fraud investigations and is experienced in run-off and insurer insolvency.
Mr. Pearson is the President of the Insurance Federation of New York. He has served on the New York Insurance Exchange Working Group, the Insurance Law Committee of the Association of the Bar of the City of New York, the Torts and Insurance Practice Section of the America Bar Association and various industry task forces.
Mr. Pearson has lectured on insurance and reinsurance in the United States, England and Bermuda and his articles have frequently appeared in leading insurance publications. He has testified before the Connecticut legislature on captive insurance regulation and co-authored chapters on Regulation of Market Conduct of Property Casualty Insurers in New York Insurance Law (Matthew Bender & Co., Inc.) and Insurance Regulation in Insurance Law Practice (New York State Bar Association). He also served for many years as pro bono legal counsel to the Business Council for the United Nations.
Mr. Pearson holds the AV Preeminent attorney rating from Martindale-Hubbell, signifying achievement at the highest level for legal ability and ethical standards. He is listed in the Legal Media Group Guide to the World's Leading Insurance and Reinsurance Lawyers . He is also featured in The International Who's Who of Insurance and Reinsurance Lawyers , and has been named as one of the New York Area's Best Lawyers by New York Magazine and best lawyers in insurance law in Woodwards/White's 2015 New York City Best Lawyers. Additionally, Chambers & Partners Guides to the World's Leading Lawyers (USA) ranks Mr. Pearson as a 'Leading Individual' in their Insurance: Transactional and Regulatory category. He has also been listed in the Best Lawyers in America publication for his work in Insurance Law and named 'Best of the Best USA' by Euromoney's Expert Guides for Insurance and Reinsurance.
•Provided advice to domestic and non-U.S. insurers on all aspects of U.S. insurance and reinsurance regulation and jurisdiction, including market conduct and insurance holding company matters.
•Assisted clients in the formation of insurers and captive insurers and led multi-state and national licensing programs.
•Conducted reinsurance arbitrations on behalf of ceding and assuming companies arising out of disputes over material misrepresentation, ex gratia payments, declaratory judgment expenses, follow-the-fortunes and other causes.
•Represented clients in purchase or sale of active and shell insurance companies including due diligence, drafting of purchase agreements and related documentation and conduct of change-of-control hearings before insurance departments.
•Represented clients in run-off and commutations.
•Advised and represented clients in MGA transactions.
•Represented creditors in insurer insolvency proceedings and on creditor committees.
•Experienced in legislative drafting and registered lobbyist.
Formation of Second Captive Insurance Company
In 2013, Edwards Wildman Lawyers in Hartford and New York represented, Stanley Black & Decker in its formation of the second Connecticut captive insurance company.
Indemnity and Assumption Reinsurance Transaction
Our insurance team in New York negotiated, documented, and closed transfer of all US fixed annuities and accumulation riders of Industrial Alliance Insurance and Financial Services (IA) and its affiliates to Security Benefit Life Insurance Company and Equitrust Life Insurance Company, affiliates of Guggenheim Capital Partners through an indemnity and assumption reinsurance transaction.
Formation of First Captive Insurance Company
In 2012 Edwards Wildman lawyers in New York and Hartford acted as legal counsel for Thomson Reuters in the formation of the first captive insurance company in the State of Connecticut.
Eos Capital Partners Acquisition of Life Insurance Company
On behalf of the private equity group, Eos Capital Partners, our lawyers acted as co-counsel responsible for all insurance regulatory compliance and approvals in connection with the May 2011 acquisition of a controlling interest in New York-based First Rehabilitation Life Insurance Company of America.
The 2014 Symposium on Captive Insurance in Connecticut
September 17, 2014
Edwards Wildman will be a sponsor of the The 2014 Symposium on Captive Insurance in Connecticut on September 17, 2014 in Stamford, CT. event
Edwards Wildman Insurance and Reinsurance Review - May 2014
Edwards Wildman's Nick Pearson Outlines Tools Available for Captive Owners Considering Closing Their Vehicle in Captive Review
April 18, 2014
AIRROC Boston Regional Education Day
April 9, 2014 event
Potential New York Legislation to Introduce Tax Changes With Respect To Captive Insurers Insurance & Reinsurance Blog
March 10, 2014
2014 CICA International Conference
March 9 - 11, 2014 event
Edwards Wildman Client Advisory - Enterprise Risk Report For Certain New York Insurers Due April 30, 2014
Vermont Enacts “Legacy Insurance Management Act” for Commercial Run-Off Business Insurance & Reinsurance Blog
February 21, 2014
NAIC: Bermuda, Germany, Switzerland and UK Now Qualified for Reduced Collateral Requirements Insurance & Reinsurance Blog
December 31, 2013
NAIC Disputes Need for Global Capital Standards Insurance & Reinsurance Blog
December 16, 2013
Edwards Wildman's Nick Pearson and Stan Keller Named 'Best of the Best USA' by Euromoney's Expert Guides
October 23, 2014
Edwards Wildman's Nick Pearson Comments on SIFI Designations in Law360
October 20, 2014
Chambers USA 2014 Recognizes 35 Edwards Wildman Lawyers for Excellence
June 4, 2014
Edwards Wildman's Nick Pearson Discusses the Federal Insurance Office Report in Reactions
March 11, 2014
Edwards Wildman's Nick Pearson Elected to Third Term as President of the Insurance Federation of New York
December 20, 2013
Edwards Wildman's Nick Pearson Analyzes the FIO's Modernization Report in Law360
December 13, 2013
Edwards Wildman's Nick Pearson Presides over Annual IFNY Event
December 2, 2013
Best Lawyers Recognizes 54 Edwards Wildman Attorneys
October 16, 2013
Edwards Wildman's Nick Pearson Comments on How Dodd-Frank Has Made Waves In Insurance in Law360
August 21, 2013
Chambers USA 2013 Ranks 36 Edwards Wildman Lawyers in 17 Practice Areas
May 28, 2013