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DLA Piper LLP (US)

Michael Murphy

Tel:
Work +1 212 335 4755
Email:
DLA Piper LLP (US)

Work Department

Insurance

Position

Partner and Global Chair of DLA Piper's US Insurance and Reinsurance

Career

Michael serves as international counsel for insurers and reinsurers in transactions and disputes throughout North America, South America, the United Kingdom, Europe, Australia, Asia, Bermuda and elsewhere around the world.

Michael also has extensive experience representing insurance and reinsurance industry clients in high value claims relating to the energy and construction sectors, including on and off shore energy matters on all continents. In addition, he has experience representing industry clients in class action litigation; proceedings against agents, brokers and intermediaries; market conduct proceedings; commercial disputes; and complex one-of-a-kind litigations and transactions.

Education

JD, State University of New York at Buffalo School of Law; BA, Canisius College


United States: Industry focus

Insurance: advice to insurers

Within: Insurance: advice to insurers

The ‘highly skilled’ New York-based team at DLA Piper LLP (US) provides a ‘high level of service and professionalism’ and is experienced in litigating and arbitrating large scale insurance and reinsurance industry disputes. Michael Murphy is the global chair of insurance and reinsurance, while the ‘solutions-orientedAidan McCormack, who is the North America chair of insurance and reinsurance, is ‘attentive and responsive’ to clients. McCormack is representing Brit Insurance in a bad faith and coverage litigation and arbitration case across California, Washington DC and London, arising from a $64m judgment in an underlying professional liability claim. Joseph Finnerty is representing Beazley in appellate litigation brought by plaintiffs who received an assignment of claims under a D&O policy that the client issued to a subprime mortgage lender. Chubb, AIG, Munich Re and AON are also clients. Mark Deckman, who is ‘outstanding’, Shand Stephens, Richard Hans, Megan Shea Harwick, Neal Kronley and David Luce are key contacts. Named lawyers are based in New York.

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Insurance: non-contentious

Within: Insurance: non-contentious

DLA Piper LLP (US) handles a range of complex transactions, including capital markets, joint ventures and M&A, and regulatory mandates in the insurance space. It is noted for its experience in advising insurance companies and those entering the insurance market on all aspects of capital investment and digital strategy. David Luce advised Swiss Re, as initial purchaser, in a $175m catastrophe bond offering sponsored by Security First Insurance Company, and advised Primerica in a $3.4bn disposition, by way of a highly structured, fully collateralized bulk reinsurance transaction, which transferred Primerica’s pre-IPO back book of insurance policies from Citi to Swiss Re. Global head of insurance transactions and regulation William Marcoux advised Blackstone on the formation of, and initial $600m capital raise for, Harrington Re, a joint venture between Blackstone and Axis Capital. Global chair of insurance and reinsurance Michael Murphy, tax expert Gerald Rokoff, Paul Chen in San Francisco, and of counsel Carl Poedtke in Chicago are key contacts. Former deputy general counsel at AIG Nicholas Kourides joined the team in 2017 as senior counsel. Named attorneys are based in New York unless otherwise stated.

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Legal Developments by:
DLA Piper LLP (US)

  • Sentencing guidelines for corporate manslaughter

    In February 2010 the Sentencing Guidelines Council (the SGC) issued definitive guidelines to courts on imposing appropriate sentences for corporate manslaughter and health and safety offences causing death. The SGC states that fines imposed on companies found guilty of corporate manslaughter should not fall below £500,000, while fines in respect of health and safety offences that are a significant cause of death should be at least £100,000. Crucially, the SGC declined to provide for a fixed link between the imposed fine and the turnover or profitability of the offending company.

    - DLA Piper UK LLP

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