Biasetti, Jon

Jon Biasetti

Partner
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Jon Biasetti represents U.S. and foreign clients on a variety of corporate, transactional and insurance regulatory matters. Jon, who has been acknowledged in The Legal 500 United States and Chambers USA for his accomplishments in the reinsurance practice, is one of the leading reinsurance lawyers in the country with significant experience structuring, negotiating, documenting and closing reinsurance transactions of various kinds and complexity. In addition, Jon has a significant insurance joint venture practice that covers both property and casualty as well as life, accident and health lines of business. He has a particular focus on innovative joint ventures between health insurers and large health systems.

Jon Biasetti represents U.S. and foreign clients on a variety of corporate, transactional and insurance regulatory matters. Jon, who has been acknowledged in The Legal 500 United States and Chambers USA for his accomplishments in the reinsurance practice, is one of the leading reinsurance lawyers in the country with significant experience structuring, negotiating, documenting and closing reinsurance transactions of various kinds and complexity. In addition, Jon has a significant insurance joint venture practice that covers both property and casualty as well as life, accident and health lines of business. He has a particular focus on innovative joint ventures between health insurers and large health systems.

Jon’s experience includes:

Corporate, Transactional and Insurance Regulatory

  • Counseling clients on licensing of producers, administrators and insurers
  • Affiliated and other holding company act transactions
  • Investment compliance
  • Withdrawal from lines of business
  • Cut-through provisions
  • Risk transfer
  • 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, joint ventures and marketing alliances
  • Obtaining all required regulatory approvals in connection with insurance transactions of all kinds, including with respect to changes of control, affiliate transactions and approvals of reinsurance transactions

Reinsurance

  • Transactions that cover the full range of life, annuity and health, and property and casualty products that have involved indemnity and assumption reinsurance as well as modified coinsurance, funds withheld and financial reinsurance transactions
  • Reinsurance transactions that involve the purchase and sale of in-force blocks of business, capital management and financial reinsurance, the sharing of insurance profits and losses between joint venture partners, and reinsurance with captive insurers
  • Policy replacement and renewal rights transactions

Health Care

  • Representation of several national and regional health insurers is focused on the laws and regulations that govern the business and operations of health insurance companies, HMOs and other managed care organizations, both at the federal and state level, including those that are affiliated with health systems
  • Involved as lead national insurance regulatory counsel in some of the largest health insurer acquisitions involving a multitude of Form A filings, Form E filings and other ancillary filings and notices
  • Counseled clients in navigating the myriad of regulatory approvals involved in such significant acquisitions and have filed, sought and obtained the many required approvals related thereto in an efficient and expedited manner
  • Representation of several national and regional health insurers and health systems in their innovative marketing alliances and joint ventures with other health insurers and/or health systems. See BNA’s Health Law Reporter, “In it Together: Emerging Joint Venture Structures for Hospitals and Insurers”
  • 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

Recent Representative Insurance Industry Transactions

  • Counsel to Oscar Health in its:
    • Administrative Services Agreement with Health First Health Plans
    • Insurance joint venture with CIGNA for the sale of small employer group products
    • Quota share reinsurance with Berkshire Hathaway's National Indemnity Company
  • National insurance regulatory counsel to CVS Health in connection with CVS Health's proposed acquisition of Aetna Inc.
  • Counsel to Aetna Inc. in its insurance joint venture with:
    • Allina Health System
    • Banner Health
    • Texas Health Resources
    • Inova Health System Foundation
  • National insurance regulatory counsel to Aetna Inc. in connection with Aetna's:
    • Proposed acquisition of Humana Inc.
    • Acquisition of Coventry Health Care
  • Counsel to Humana Inc. in its:
    • Insurance joint venture with Oscar Health for the sale of small employer group products
    • Alliance with CIGNA for the sale of Medicare Advantage products
    • Alliance with CareSource Management Group Co. for the sale of Medicare and Medicaid products to Dual Eligibles and Medicaid beneficiaries
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CREDENTIALS
Education
  • J.D.,

    magna cum laude

    , Boston College Law School, 1987
  • B.A.,

    cum laude

    , Boston College, 1984
Bar Admissions
  • Illinois, 1987
Languages
  • Italian
  • French
  • Spanish
Awards & Recognitions
    • Named, The International Who's Who of Insurance & Reinsurance Lawyers (2017)
    • Named, Chambers USA, Insurance: Transactional and Regulatory (2016-2020)
    • Named, Illinois Super Lawyers®, Mergers & Acquisitions (2008-2021)
    • Named, BTI Client Service All-Star, Insurance (2013)
    • Named, The Legal 500 United States, Reinsurance Practice (2008)
    • Named, The Best Lawyers in America®, Insurance Law (2021)
Professional History
    • Co-Chair, Locke Lord Regulatory and Transactional Insurance Practice Group