Robert Shapiro

Legal – Corporate, Securities and Insurance Regulatory Law

Robert B Shapiro Legal Regulatory LawMr. Robert Shapiro is Of Counsel with Jorden Burt LLP, where he advises and represents insurers, insureds, reinsurers, agents, brokers, investment bankers, all major state insurance departments and the federal government on regulatory and tax issues.

He is also co-author of the 2011 “Navigating Health Care Reform: A Practical, Affordable Guide”

Prior to joining the Jorden Burt Law Firm, Mr. Shapiro practiced with The Bernstein Law Firm in Washington, D.C. and New York City for over twenty-two years.

Mr. Shapiro advises on such matters as: formation, including raising necessary funds for formation through private placements and initial public offerings, licensing, transactions with parent and affiliate corporations, reinsurance, mergers and acquisitions of domestic and offshore insurance companies, loss portfolio transfers, financial restructurings, solvency regulation, coverage issues, policy novations, the rehabilitation and liquidation of financially troubled and insolvent insurers and general compliance with state insurance laws and regulations, including issues related to the transaction of an insurance business; the issuance and structuring of financial guaranty insurance; residual value insurance; casualty insurance; various life insurance products and health insurance; surety insurance; mortgage guaranty insurance; natural hazard insurance; workers’ compensation insurance; and representing insurance producers and intermediaries in licensing and related regulatory issues.

Mr. Shapiro is on the Board of Directors of Quanta Capital Holdings, a Bermuda domiciled publicly traded property and casualty insurer listed on the Nasdaq Stock Exchange with U.S. insurance company subsidiaries, a Lloyds’ Syndicate and a Dublin, Ireland domiciled subsidiary.

Mr. Shapiro is currently the Chairman of the Compensation Committee, the Governance and Nominating Committee and Chaired a Special Committee of the Board working with investment banking firms on strategic planning for the Company and tendering for the Company’s Series A preferred stock.

Mr. Shapiro was involved in the audit of various insurance brokerage firms on behalf of a large commercial client with several types of coverages.

Mr. Shapiro has also been actively involved in the formation and operation of offshore insurers, captive insurers and risk retention groups.

He has represented insurers before many state insurance departments, including New York, Illinois, Connecticut and California, on many issues. He has also represented insurers before Congress, the Treasury Department’s Surety Bond Branch, the Federal Reserve Board, the Comptroller of the Currency, the Federal Deposit Insurance Corporation and state legislatures in such areas as qualifying for and maintaining a Treasury Listing, insurance product credit enhancement, insurer solvency regulation, the McCarran-Ferguson Act, financial services deregulation, taxation, rating classifications, insurer profitability, licensing and new products.

Prior to entering private practice, he served from 1979-1982 with the American Insurance Association as Senior Counsel in the areas of investment regulation, taxation and Treasury Department regulation of surety bonds.

Before joining the American Insurance Association, Mr. Shapiro served as an Attorney/Advisor with the Securities and Exchange Commission in the Corporation Finance and Investment Management Divisions, working in the insurance products and mutual funds area from 1975-1979.

He received his J.D. from Syracuse University in 1973. He was awarded a Shell Oil Fellowship to the Wharton School, University of Pennsylvania, where he received an M.B.A. in Finance in 1974. He also received a Masters in Tax Law from the Georgetown University Law Center in 1977.

He is admitted to the Bar in New York and the District of Columbia.