Sherman, Anthony B.

Anthony B. Sherman

Partner
RELATED SERVICES
Tony Sherman regularly advises clients on insurance and service contract transactional and regulatory issues. Tony is a Chartered Property Casualty Underwriter (CPCU) and has earned the Associate in Reinsurance (ARe) professional designation. Areas of focus for his practice include reinsurance, service contracts, mergers and acquisitions, distribution and insurance regulatory.

Tony Sherman regularly advises clients on insurance and service contract transactional and regulatory issues. Tony is a Chartered Property Casualty Underwriter (CPCU) and has earned the Associate in Reinsurance (ARe) professional designation. Areas of focus for his practice include reinsurance, service contracts, mergers and acquisitions, distribution and insurance regulatory.

Tony’s experience includes: ‎

Reinsurance ‎

  • Experience with reinsurance transactions, including in connection with buying and selling blocks of business, XXX reserve financing transactions, sidecars and novations and commutations of existing reinsurance
  • Reviewed many collateral arrangements to provide cedants with credit for reinsurance and/or security 
  • Counseled clients on reinsurance regulatory issues

Service Contracts ‎

  • Analyzed regulatory aspects of the issuance, administration and/or marketing of vehicle service contracts, service contracts on consumer electronics and appliances and home warranties for numerous clients
  • Reviewed and revised program, administrative and reinsurance agreements for service contract business on behalf of insurers, manufacturers, retailers, third-party providers and administrators

Mergers & Acquisitions

  • Worked on numerous insurance and service contract M&A transactions
  • Work included identification of regulatory risk through due diligence, drafting and review of acquisition-related agreements, including stock purchase, asset purchase and administration agreements, and assisting clients to obtain necessary regulatory approvals
  • Acted as special regulatory counsel for clients, including private equity firms

Distribution

  • Counseled clients on insurance distribution issues, including transactions to cross-sell insurance products and quasi-insurance products (e.g., debt cancellation/debt suspension agreements and GAP/guaranteed asset protection contracts) to members of associations and customers of retailers and financial institutions
  • Drafted and reviewed agency agreements and joint marketing agreements
  • Assisted clients with insurance producer licensing and compensation issues

Insurance Regulatory

  • Broad range of experience with insurance regulatory work for life and property/casualty clients
  • Worked on regulatory projects involving licensing, product review, insurance holding company reporting and approvals, investment restrictions, third party administrators and managing general agents, unauthorized insurance issues, unfair trade practice limitations, reinsurance and agents/brokers/producers
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CREDENTIALS
Education
  • J.D.,

    cum laude

    , University of Wisconsin Law School, 1992

    Order of the Coif

  • B.A.,

    with distinction

    , University of Wisconsin-Madison, 1989

    Dean's List

Bar Admissions
  • Illinois, 1992
  • Wisconsin, 1992
Court Admissions
  • U.S. District Court for the Northern District of Illinois, 1992
  • U.S. District Court for the Western District of Wisconsin, 1992
Professional Affiliations
    • Member, American Bar Association
    • Member, CPCU Society