Zachary N. Lerner: Lawyer with Edwards Wildman Palmer LLP

Zachary N. Lerner

Associate
New York,  NY  U.S.A.
Phone212.912.2927

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Client Rating

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Experience & Credentials
 

Practice Areas

  • Insurance & Reinsurance
  • Regulatory & Transactional Services
  • Business Law
  • Mergers & Acquisitions
 
University Brown University, A.B., 2007
 
Law SchoolGeorgetown University Law Center, J.D., 2010
 
Admitted2010, New Jersey; New York
 
Biography

Zachary is an associate in the New York office and is a member of the Insurance and Reinsurance Department. He maintains a general corporate practice with an emphasis on insurance regulatory, transactional and reinsurance matters. In particular, Zachary has represented insurance agents and brokers, insurance companies, reinsurance intermediaries, third party administrators, captives, special purpose vehicles and other related entities in connection with their needs, including, but not limited to: formation, licensing, regulatory compliance, advertising and filing matters. Zachary also works with both insurance and non-insurance entities on an array of transactional matters, including corporate filings and annual reports, mergers and acquisitions, affiliate transactions and stock and asset deals.
•Zachary led the effort to incorporate and license a major New Jersey insurance agency, and continues to represent such agency with respect to its ongoing transactions, including potential acquisitions and intercompany agreements.

•Zachary has represented insurers, reinsurers and hedge funds in connection with investments in various insurance-linked products.

•Zachary recently assisted in the acquisition of First Nonprofit Companies and Mutual Insurers Holding Company by AmTrust Financial Services. Zachary continues to represent AmTrust Financial Services with respect to on-going matters.

•Zachary has worked with regulators in all 51 domestic jurisdictions on various matters including, but not limited to: tax exemptions for entities, lines of authority, branch office requirements, sole proprietorships, designated producers for agencies, and surplus lines licensure requirements.

•Zachary provided guidance on the mechanics of funding a trust account where a licensed, ceding insurer wishes to take credit for risk ceded to an unlicensed, unaccredited reinsurer, with a particular focus on the requirements of “Regulation 114” of the New York Codes, Rules and Regulations.

•Zachary lead the diligence effort and drafted ancillary documents and disclosure schedules in connection with an investment in insurance-linked securities of a fund managed by Pillar Capital Management Limited (“Pillar”) by Transatlantic Holdings, Inc. (a wholly-owned subsidiary of Alleghany Corporation), as well as additional investments in Pillar's insurance-linked funds.

•Zachary has recently helped a prominent insurance agency interpret laws and regulations with respect to disclosure requirements and has guided such agency in its process to disclose applicable information to regulators, utilizing NIPR and NAIC databases in the process.

•Zachary has advised clients on material differences between the laws of various foreign jurisdictions as they relate to reinsurance capital requirements.

•Zachary has provided instructions to foreign charitable organizations on how to comply with New York regulatory requirements and what forms of insurance to procure.

•Zachary continues to advise major insurance entities regarding formation, company licensing, restructuring, and mergers and acquisitions.

Before Edwards Wildman

Prior to joining the firm, Zachary was an associate at Willkie Farr & Gallagher LLP in its corporate department, focusing primarily on mergers, stock and asset sales, reorganizations, private equity, bond offerings, entity formation, going private transactions and foreign issuers.

During law school, Zachary was a member of the Georgetown Journal of Legal Ethics and published an article in its Summer 2009 edition.

Besides Edwards Wildman

Zachary is an avid tennis player, having previously competed in the Junior Olympic Games and the U.S. Open National Playoffs. Zachary also enjoys playing softball during the Summer.

Experience

Edwards Wildman Team Leads Merger of Vision Insurance Companies

In July 2013, an Edwards Wildman deal team led by Andrew Hughes and Paul Mahoney of our Providence office represented clients Nautic Partners, a private equity firm with more than $2.5 billion of capital under management, and Superior Vision, a Nautic Partners portfolio company based in California, in Superior Vision's execution of a merger agreement providing for the acquisition of Block Vision, a Maryland-based national provider of vision insurance coverage.

Insights
Writing for Risk Management, Albert Pinzon and Zach Lerner Analyze the Growing Popularity of Alternative Risk Transfer
August 4, 2014 publication
Senate Passes new TRIA Bill; Awaits Response from House Insurance & Reinsurance Blog
July 18, 2014 publication
PWG TRIA Report Released; Prices Remain Low, but Uncertainty Continues Insurance & Reinsurance Blog
April 21, 2014 publication
Live Blog: Edwards Wildman Roundtable with Pennsylvania Commissioner Michael Consedine Insurance & Reinsurance Blog
April 1, 2014 publication
Live Blog: Principle-Based Reserving Implementation (EX) Task Force Insurance & Reinsurance Blog
April 1, 2014 publication
Live Blog: International Insurance Relations (G) Committee Spring NAIC Meeting Insurance & Reinsurance Blog
March 31, 2014 publication
Live Blog: Reinsurance (E) Task Force NAIC Meeting Insurance & Reinsurance Blog
March 31, 2014 publication
Live Blog: Financial Regulation Standards and Accreditation (F) Committee Spring NAIC Meeting Insurance & Reinsurance Blog
March 31, 2014 publication
Live Blog: Mortgage Guaranty Insurance (E) Working Group Spring NAIC Meeting Insurance & Reinsurance Blog
March 30, 2014 publication
Live Blog: Emerging Accounting Issues Working Group & Statutory Accounting Principles Working Group Meeting Insurance & Reinsurance Blog
March 30, 2014 publication

News
Edwards Wildman Advises AmTrust and National General in Acquisition of Renewal Rights to the Commercial Lines and Personal Lines Insurance Business of Tower
January 9, 2014
Edwards Wildman Trio Break Down Special-Purpose Financial Captives in Best's Review
March 4, 2013
Edwards Wildman Represents AmTrust Financial Services in Acquisition of First Nonprofit Companies
January 23, 2013

 
ISLN921592646
 

Documents by this lawyer on Martindale.com

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PWG TRIA Report Released; Prices Remain Low, but Uncertainty Continues
Zachary N. Lerner, April 23, 2014
On April 17, 2014, the President’s Working Group on Financial Markets (“PWG”) released its report (the “Report”) to Congress on the state of terrorism risk insurance, as required under the Terrorism Risk Insurance Act (“TRIA”). The PWG is composed of...

International Insurance Relations (G) Committee Spring NAIC Meeting
Zachary N. Lerner, April 1, 2014
The International Insurance Relations (G) Committee (the “Committee”) Spring NAIC Meeting focused primarily on providing updates to efforts made in the international sphere by the NAIC. Commissioner Consedine of Pennsylvania gave an update on the International Association of Insurance...

Rector Report has NAIC Moving Forward on PBR
Zachary N. Lerner, March 25, 2014
On February 17, 2014, the NAIC Principle-Based Reserving Implementation (EX) Task Force opened for comment a report by Rector & Associates, Inc. (the “Rector Report”) regarding reserve financing transactions. The Rector Report includes a recommendation of Rector & Associates,...
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Office Information

Zachary N. Lerner

750 Lexington Avenue
New YorkNY 10022-1200




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