James Veach

Mound Cotton Wollan & Greengrass

JAMES VEACH, Partner at Mound Cotton Wollan & Greengrass, has concentrated his practice on insurance insolvency, reinsurance and insurance regulation, reinsurance arbitration, and run-off for more than twenty-five years.  (He began his legal career at Kreindler and Kreindler and then served in the New York County District Attorney's office under Robert M. Morgenthau.) Mr.  Veach entered the world of insurer insolvency during its Golden Age - 1985-87.  He represented insurers, reinsurers, brokers, intermediaries, and others in dozens of disputes involving the liquidation of Transit Casualty, Executive Life, Delta America Re, P.I.E. Insurance Company, the Mission Companies, Miller's National, Midland, Mutual Fire & Marine, Ambassador, various syndicates at the New York Insurance Exchange, and other failed entities in Bermuda and London.  See, e.g., Corcoran v. Ardra, 156 A.D.2d 70, 553 NYS 2d 695 (lst Dep't 1990) aff'd, 77 N.Y. 2d 225 (1990) cert. denied, Ardra Insurance Co. v. Curiale, 500 U.S. 953 (1991).  He has also acted for insurance company liquidators with respect to their attempts to collect monies from reinsurers and from agents of failed companies. Mr. Veach is a member of the International Association of Insurance Reinsurers, a certified ARIAS-U.S. arbitrator, a former member of the Publication Committee for AIRROC Matters, and a current member of the advisory panel to the editorial committee for the IRUA's Journal of Reinsurance. Mr. Veach represented two New York domiciled companies in their efforts to eliminate capital impairments and avoid insolvency pursuant to NYIL 1321 and Regulation 141.  For a short synopsis of Regulation 141 and how it operates, see J. Veach, Viewpoint: Recovery Plan, JTW News (July/August 2005). Mr. Veach has represented companies in run-off.  For almost three decades Mr. Veach has advised the member companies of a NY unincorporated association of property insurers - Associated Commercial Property Insurers - with respect to its run-off, a topic about which he will speak at this Conference.