Faegre Baker Daniels is a nationally recognized leader in the insolvency and reorganization field. Our professionals have experience in all aspects of life, health, property/casualty, and HMO insolvencies, including:
- Troubled company supervision
- Takeover and administration
- Asset recovery and litigation
- Rehabilitation and liquidation plans
- Claim filing and handling
- Guaranty associations
- Reinsurance
- Court proceedings
- Taxes
Our professionals are closely involved in designing bid packages for the disposition of an insolvent company's blocks of business, soliciting and evaluating reinsurance bids, negotiating and drafting a definitive reinsurance or rehabilitation/liquidation agreement, and closing the deal. We also secure the necessary court, guaranty association and regulatory approvals and prepare materials explaining the transaction to insureds. Faegre Baker Daniels professionals regularly deal with asset recovery, claim resolution, and workout plan negotiations, plus file amicus curiae briefs in the state and federal courts on insurance insolvency issues.