A Locke Lord team led by Jonathan Bank (Los Angeles) assisted ProTucket Insurance Co. in the company's establishment as a subsidiary of Pro Global Insurance Solutions P.L.C. in Rhode Island. ProTucket Insurance is the first Rhode Island insurer created for run-off portfolio transfer solutions under the state's Regulation 68. For more information, please see the Pro Global press release. Additional assistance was provided by Al Bottalico (Los Angeles), Alan Levin (Hartford) and Douglas Gray (Providence).
"It was a pleasure to work with the Rhode Island Department on this ground-breaking matter," said Bank. "The Department was immensely helpful throughout the process in facilitating a favorable outcome for our client."
Posted March 29, 2017