Overview
Andrea T. Best* advises clients on insurance regulatory compliance throughout the United States. She works with insurers, reinsurers, intermediaries, brokers, trade associations and others in the insurance market.
Andrea actively monitors state insurance-related legislative and regulatory developments and works extensively with London, Bermuda and European insurance market participants regarding non-admitted insurance and reinsurance transactions in the United States, including regulatory advice on structuring insurtech, and on sharing economy and gig economy insurance programs in the United States. Andrea also counsels managing general agents and other entities looking to establish operations in the United States.
Andrea previously served as head of the London office for a global law firm.
*Andrea’s practice is limited to advising clients on US law. She is not admitted to practice as a solicitor in England and Wales.
Results
- Assisted insurers and brokers with state regulatory investigations*
- Handled insurer applications for surplus lines approval to NAIC and individual states*
- Provided US regulatory advice on acquisition/change of control of insurers and brokers*
- Advised on formation of new US insurance companies and intermediaries*
- Advised insurers on compliance with Affordable Care Act*
- Advised on US group/master policy/trust arrangements*
- Counseled on regulatory issues arising in US claims and coverage disputes*
- Assisted insurers with group-wide sanctions and financial crime compliance*
- Advised on state and federal laws applicable to extended warranties and service contracts*
- Provided guidance on requirements for producer and claims adjuster licensing laws by state*
- Assisted reinsurers in obtaining approvals to do cross-border business internationally*
*Matter handled prior to joining McDermott
Recognitions
- Business Insurance 2020 Women to Watch
Community
- New Jersey Bar Association, member
- New York Bar Association, member
Credentials
Education
Georgetown University Law Center, JD, 2003
Columbia University, BA, 2000
Admissions
New Jersey
New York
Languages
English
Hungarian