Overview
Andrea T. Best advises clients on insurance regulatory compliance throughout the United States. She works with insurers, reinsurers, intermediaries, brokers, trade associations and others in the insurance market.
Andrea actively monitors state insurance-related legislative and regulatory developments and works extensively with London, Bermuda and European insurance market participants regarding non-admitted insurance and reinsurance transactions in the United States, including regulatory advice on structuring insurtech, and on sharing economy and gig economy insurance programs in the United States. Andrea counsels managing general agents and other entities looking to establish operations in the United States. Andrea also assists insurance industry participants on structuring cross-border insurance and reinsurance transactions.
Andrea previously served as head of the London office for a global law firm.
Results
- Providing regulatory and structuring advice on cross-border insurance and reinsurance transactions involving the US, EU, Bermuda and other jurisdictions
- Handling insurer applications for surplus lines approval to NAIC and individual states
- Providing US regulatory advice on acquisition/change of control of insurers and brokers
- Advising on formation of new US insurance companies and intermediaries
- Advising insurtechs on US regulation and licensing considerations and various business partnerships
- Representing insurtechs, MGAs and producers on various transactions and change of control filings
- Representing private equity funds in connection with regulatory due diligence for acquisition of TPAs, independent review organizations and other regulated businesses in the insurance industry
- Assisting insurers and brokers with state regulatory investigations
- Advised insurers on compliance with Affordable Care Act
- Advising on US group/master policy/trust arrangements
- Counseling on regulatory issues arising in US claims and coverage disputes
- Assisting insurers with group-wide sanctions and financial crime compliance
- Advising on state and federal laws applicable to extended warranties and service contracts
- Providing guidance on requirements for producer and claims adjuster licensing laws by state
- Assisting reinsurers in obtaining approvals to do cross-border business internationally
Recognitions
- Business Insurance 2020 Women to Watch
Community
- New Jersey Bar Association, member
- New York Bar Association, member
Credentials
Education
Georgetown University Law Center, JD, 2003
Columbia University, BA, 2000
Admissions
England and Wales
New Jersey
New York
Languages
English
Hungarian