Mr. Biasetti was born in Rio de Janeiro, Brazil, raised in Rome, Italy, and moved to Chicago in 1987.
Mr. Biasetti represents U.S. and foreign clients on a variety of corporate, transactional and insurance regulatory matters. He is the co-chair of the Insurance Practice Group. A substantial portion of Mr. Biasetti’s practice includes counseling clients on such matters as financial examination and market conduct issues, terrorism exclusions, licensing of producers, administrators and insurers (both in traditional settings and in evolving distribution technologies such as the Internet), affiliated and other holding company act transactions, investment compliance, corporate governance, withdrawal from lines of business, redomestication, organizing alternative risk transfer vehicles such as captive insurance companies, risk retention groups and purchasing groups; product development and affinity group programs; compliance with surplus line regulations; mergers, acquisitions and divestitures; and joint ventures and marketing alliances. Mr. Biasetti also focuses on state and federal insurance regulation relating to climate change-related matters.
In addition, Mr. Biasetti, who was acknowledged in The Legal 500 United States-2008 Edition for his accomplishments in the reinsurance practice, has significant experience structuring, negotiating, documenting and closing reinsurance transactions of various kinds and complexity. These transactions cover the full range of life, annuity, health, and property and casualty products and have involved indemnity and assumption reinsurance as well as modified coinsurance transactions. Mr. Biasetti’s reinsurance transactions include transactions of all sizes, ranging from a few million to over 1 billion dollars in consideration. Mr. Biasetti has also had extensive experience in policy replacement transactions. Mr. Biasetti recently represented one of his clients in a $250 million acquisition of a third party administrator (“TPA”) and related reinsurance transaction with the TPA’s underwriting company and in a $160 million acquisition of a TPA’s disability and leave management business. Mr. Biasetti also regularly represents several large insurance and other financial services companies in their cross-selling relationships with other insurers and credit card issuers and assists them in structuring nationwide insurance and debt cancellation programs.
Mr. Biasetti has published several articles in Italian on the regulation of insurance, the acquisition and formation of insurance companies, assumption and indemnity reinsurance transactions in the United States, and Attorney General Spitzer’s investigation of contingent commissions and finite reinsurance arrangements for Assicurazioni, a prestigious Italian insurance journal, and an article on U.S. automobile liability laws for a publication issued by a leading Italian insurance association, Associazione Internazionale Di Diritto Delle Assicurazioni.
For Italian speakers: L’Avvocato Mr. Biasetti e socio dello studio legale Statunitense Locke Lord Bissell & Liddell con sede principale a Chicago, Illinois. Locke Lord Bissell & Liddell ha uno staff di oltre 700 Avvocati, con studi legali negli Stati Uniti, a Chicago, Atlanta, Boston, Dallas, Houston, Los Angeles, New Orleans, New York, Sacramento, Washington (D.C.), ed Atlanta, ed in Europa a Londra, Regno Unito. L’Avv. Biasetti si occupa principalmente di acquisizioni e fusioni societarie e di diritto commerciale, societario, assicurativo e riassicurativo per i Suoi clienti Americani e stranieri. L’Avv. Biasetti e nato a Rio de Janeiro, Brasile, ed ha vissuto per oltre 20 anni a Roma, Italia, dove la sua famiglia risiede. L’Italia e tutt’ora molto presente nella sua vita, con viaggi frequenti durante il corso dell’anno. L’Avv. Biasetti parla e scrive correttamente in Inglese, Italiano, Francese e Spagnolo.
Education
- J.D., magna cum laude, Boston College Law School, 1987
- B.A., cum laude, Boston College, 1984
Bar Admissions
Languages
Professional History
Partner in the law firm of Locke Lord Bissell & Liddell LLP
Co-Chair Insurance Practice Group
Co-Chair Practice Development Committee
Member of the Diversity Committee
Professional Affiliations
Member, American Bar Association
Acknowledged in The Legal 500 United States-2008 Edition
for his accomplishments in the Reinsurance Practice
Named a “Leading Lawyer” for Insurance, Transactional & Regulatory
by Chambers USA, 2005
Community Leadership
Founding Delegate, Chicago Branch of Accademia Italiana della Cucina
Director, Secretary, Italy Midwest Exchange