Rothseid’s role on GTE REinsurance Company closure acknowledged.

AIRROC awarded its 2011 Person of the Year to two recipients, Andrew Rothseid of RunOff Re.Solve LLC and Gary Lee of Morrison & Foerster LLP for their work on GTE REinsurance Company Ltd closure.

AIRROC is a worldwide legacy management association providing education, commutation events and a venue for the meeting of members. AIRROC’s award  acknowledges this event that has impacted the runoff industry and two of the key individuals that shaped that event.

GTE REinsurance Company Ltd. is the first accelerated closure of a solvent US property and casualty insurer or reinsurer under the Rhode Island statute enacted in 2002 entitled “Voluntary Restructuring of Solvent Insurers.”