Chambers USA - Butler Rubin Saltarelli _ Boyd LLP

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is ranked in Chambers USA 2012 as follows:
 Insurance: Dispute Resolution: Reinsurance                               Other Notable Practitioners
 Leading Individuals                                                      In Chicago, Butler Rubin Saltarelli & Boyd LLP’s James
                                                                          Rubin joins the reinsurance rankings following excep-
 Band 1
 Rubin James I                 Butler Rubin Saltarelli & Boyd LLP
                                                                          tional market feedback. He is praised for his
                                                                          “tremendous knowledge and expertise.”

 Insurance: Dispute Resolution: Reinsurance                               Butler Rubin Saltarelli & Boyd LLP
 Leading Firms                                                            THE FIRM This superb reinsurance group remains a                        arbitrations. Peers have nothing but praise for Ira Bel-
                                                                          favorite among clients thanks to its longstanding experi-               cove, who “applies legal skills in a consistently excellent
 Band 1
 Butler Rubin Saltarelli & Boyd LLP
                                                                          ence and knowledge of the most sophisticated industry                   way across the board.” Clients are also highly impressed
                                                                          issues. Dispute resolution is at the center of the team’s               by his direct and dedicated approach to reinsurance
                                                                          work, with particular expertise in complex reinsurance                  arbitration. He recently represented Starwest in reinsur-
 Leading Individuals                                                      arbitrations. Key clients include major insurers such as                ance claims following the liquidation of United Capitol.
 Star individuals                                                         Liberty Mutual, Hudson and Clearwater, which have all                   Robert Hermes’s reinsurance expertise stretches to the
 Rubin James I                 Butler Rubin Saltarelli & Boyd LLP         been represented in high-profile and high-value disputes.               bankruptcy and insolvency areas. He is respected in the
 Band 2                                                                   Clients are impressed by the team’s depth, with strong                  field as an effective litigator and arbitrator. Reinsurance
 Belcove Ira J                 Butler Rubin Saltarelli & Boyd LLP         junior litigators behind impressive senior partners.                    litigator Catherine Isely has a broad practice that
 Hermes Robert N               Butler Rubin Saltarelli & Boyd LLP         Sources say: “Very accessible and responsive lawyers who                includes environmental and toxic torts, bad faith and
 Isely Catherine               Butler Rubin Saltarelli & Boyd LLP         are not afraid to tell you what you may not want to hear.”              arbitration clauses. She recently acted on behalf of TIG
                                                                          “A nice combination of smart and highly skilled lawyers                 against reinsurance recovery claims. Julie Rodriguez
 Band 3
 Rodriguez Aldort Julie Butler Rubin Saltarelli & Boyd LLP                with good judgment.”                                                    Aldort climbs the rankings, having earned widespread
 Snider Teresa          Butler Rubin Saltarelli & Boyd LLP
                                                                          KEY INDIVIDUALS James Rubin is “universally                             praise from her market competitors. She handles con-
                                                                          acknowledged as just outstanding,” according to com-                    tentious reinsurance matters as part of a broad complex
                                                                          mentators. Clients and peers alike describe him as “a                   commercial litigation practice. The “very professional
                                                                          bright and tenacious litigator who has a practical                      and competent” Teresa Snider handles reinsurance dis-
                                                                          approach to solving contentious problems.” He plays a                   putes as they relate to litigation, arbitration and
                                                                          prominent role in a series of complex reinsurance                       insolvency.

BELCOVE, Ira J                                          tional and finite reinsurance, addressing such       of The Best Lawyers in America. In 2005 and          Practice Areas: Complex Business and Rein-
Butler Rubin Saltarelli & Boyd LLP, Chicago             issues as the consolidation of arbitrations aris-    2009-2012, he was named a leader in business         surance Litigation and Arbitration, including
312 696 4462                                            ing out of multiple treaties, the aggregation of     litigation by Illinois Super Lawyers. And, as part   work in the areas of Bankruptcy and Insolvency.                                asbestos claims and the number of occurrences        of the Law Bulletin Publishing Group’s 2012          Professional Memberships: Robert Hermes
  Featured in Insurance (Illinois)                      in other environmental claims, the propriety of      survey of the top lawyers in the state, Ira was      is a Member of ARIAS-U.S. and its Forms and
Practice Areas: Business litigation, including          cessions of construction defect claims, the          designated a “Leading Lawyer” in Illinois in         Procedures Committee. He was active in devel-
reinsurance arbitration and insurance coverage          insurability of claims for punitive damages, the     Insurance, Insurance Coverage & Reinsurance          oping ARIAS’ Practical Guide to Reinsurance
litigation, insurance insolvency, and appellate.        notice required for termination of an MGA            Law. He joined Butler Rubin after clerking for       Arbitration Procedures. He is a frequent speaker
Professional Memberships: Ira Belcove is a              agreement, the interpretation of guaranteed          the Hon. Bernard M Decker of the US District         on reinsurance issues and has spoken at AIR-
Member of ARIAS-US He has been a speaker at             minimum death and income benefit reinsur-            Court for the Northern District of Illinois, and     ROC, Mealey’s and ARIAS programs, including
numerous industry programs, including                   ance agreements, and the interpretation of           practicing for several years at Mayer Brown.         co-chairing the Fall 2008 ARIAS-U.S. Confer-
ARIAS, Mealey’s Insurance Insolvency and                sublimits, termination clauses, and other provi-     Personal: JD, University of Chicago Law              ence and Annual Meeting.
Reinsurance Roundtable, Reinsurance Associa-            sions found in finite reinsurance treaties. He has   School, 1987. BA, summa cum laude, Columbia          Career: Bob is one of the original lawyers from
tion of America, and American Conference                also litigated direct coverage disputes, and rep-    University, 1984.                                    Winston & Strawn to join Butler Rubin at its
Institute.                                              resents credit insurers in suits brought by or                                                            inception. He is Co-Chair of Butler Rubin’s
Career: A Member of the Management Com-                 against banks and other lenders. In addition, Ira    HERMES, Robert N                                     Reinsurance Practice Group and a member of
mittee at Butler Rubin, Ira has more than 20                                                                 Butler Rubin Saltarelli & Boyd LLP, Chicago
                                                        has testified before the High Court of Justice as                                                         the firm’s Management Committee. He has
                                                                                                             312 696 4445
years of experience in complex business litiga-         an expert witness on aspects of US insurance                                                              more than 30 years of experience as a trial
tion, and his practice focuses on reinsurance           law. Ira has been recognized as a leading lawyer       Featured in Insurance (Illinois)                   lawyer in all aspects of reinsurance
arbitration and insurance coverage litigation.          in insurance law in the 2011 and 2012 editions                                                            arbitration/litigation and commercial litigation,
He has tried numerous disputes involving tradi-
                                             BUTLER RUBIN SALTARELLI & BOYD LLP
including jury and bench trials in breach of            involving toxic torts and business and contract       ering in Washington D.C. and then served as              leader in insurance law in The Best Lawyers in
contract and fraud actions, business torts, real        disputes, assisted in jury selection in Madison       Law Clerk to the Hon. Joan B Gottschall, US              America (2006-2012). In 2007 and 2008, Law-
estate transactions, trade secret and restrictive       County asbestos cases and successfully argued         District Court, Northern District of Illinois.           dragon named Jim one of America’s Leading
covenants, insurance coverage disputes,                 before the Illinois Appellate Court. She also         After her clerkship, she worked as a litigation          500 Lawyers. And, as part of the Law Bulletin
antitrust and class actions. His appellate experi-      serves as the firm’s Attorney Training Partner        associate at Jenner & Block.                             Publishing Group’s 2012 survey of the top
ence includes both state and federal courts.            and in 2011, served as Adjunct Faculty for the        Publications: She has published articles in              lawyers in the state, he was designated as a
Reinsurance experience includes disputes                Bartlit Program at the Bluhm Legal Clinic of          Corporate Counsel Magazine.                              “Leading Lawyer” in Illinois in the following
involving the scope and applicability of arbitra-       Northwestern University School of Law. Cather-        Personal: JD, cum laude, University of Michi-            fields: Commercial Litigation; Insurance, Insur-
tion clauses, placement disclosures, claim              ine joined Butler Rubin in 1999, after three years    gan Law School, 1998, Contributing Editor,               ance Coverage & Reinsurance Law; and
handling, adherence to underwriting guidelines,         as an associate with Kirkland & Ellis. She is a       Michigan Law Review, 1995-97, Notes Editor,              International Business & Trade Law.
retrospectively rated business, obligations to fol-     founding member and co-host of Butler Rubin’s         Michigan Journal of Race and Law, 1996-97.               Personal: JD, Loyola University Law School,
low settlements, allocation of settlements,             annual Women in Reinsurance Program                   MS, Conservation Biology, University of Michi-           1971, Member, Loyola University Law Review,
obligations under surplus share reinsurance             (, an educa-               gan, 1998, Rackham Merit Fellowship. BA,                 1970-71. AB, University of Illinois, 1967.
contracts, excess of loss contracts, application of     tional and networking series for women                magna cum laude, Claremont McKenna Col-
ultimate net loss and net retained line clauses,        arbitrators, business executives, consultants and     lege, 1994.                                              SNIDER, Teresa
                                                                                                                                                                       Butler Rubin Saltarelli & Boyd LLP, Chicago
clash covers, and accounting for premiums and           attorneys operating in the reinsurance industry.
                                                                                                              RUBIN, James I                                           312 696 4483
losses. Bob has provided reinsurance advice to          Personal: JD, Northwestern University School                                                         
                                                                                                              Butler Rubin Saltarelli & Boyd LLP, Chicago
insurance company clients who are involved in           of Law, 1996, Member, National Trial Team,                                                                       Featured in Insurance (Illinois)
                                                                                                              312 696 4443
the large asbestos bankruptcies. Bob was named          1994-96. BA, Duke University, 1988. Admited to                                   Practice Areas: Reinsurance Arbitration, Lit-
a leader in insurance law in the 2011 and 2012          practice in Illinois, and before the US District        Featured in Insurance (Illinois), Insurance (Nation-   igation, and Related Insolvency Issues.
editions of The Best Lawyers in America. And,           Court in the Northern District of Illinois              wide)                                                  Professional Memberships: Teresa Snider is
as part of the Law Bulletin Publishing Group’s          (Member, Trial Bar), the US District Court in         Practice Areas: Commercial and Reinsur-                  a member of ARIAS-U.S. and the International
2012 survey of the top lawyers in the state, he         the Western District of Wisconsin and the 7th         ance Litigation and Arbitration.                         Association of Insurance Receivers. She is
was designated as a “Leading Lawyer” in Illinois        Circuit Court of Appeals.                             Professional Memberships: James Rubin is                 actively involved in AIRROC and has written
in Commercial Litigation.                                                                                     on the ARIAS-U.S. Publications and Ethics                for various reinsurance publications and Cor-
Personal: JD, DePaul University Law School,             RODRIGUEZ ALDORT, Julie
                                                        Butler Rubin Saltarelli & Boyd LLP, Chicago           committees and is a frequent speaker on rein-            porate Counsel magazine. Teresa has spoken on
1979, Editor-in-Chief, DePaul University Law                                                                  surance issues at industry programs. With two            reinsurance issues at programs held by ARIAS-
                                                        312 696 4478
Review, 1978-79. BA, Indiana University, 1976.                               other industry representatives, he co-authored           U.S, Mealey’s/HB Litigation, IAIR, INSOL and
                                                          Featured in Insurance (Illinois)                    ARIAS’ Code of Conduct for Arbitrators.                  ACI’s International Forum on Run-Off and
ISELY, Catherine
Butler Rubin Saltarelli & Boyd LLP, Chicago             Practice Areas: Reinsurance and Complex               Career: Jim is a trial lawyer, founding partner          Commutations. She also co-chairs Butler
312 696 4472                                            Commercial Litigation.                                and co-chair of the firm’s Reinsurance Litiga-           Rubin’s annual Women in Reinsurance pro-                                  Professional Memberships: Women in                    tion and Arbitration Practice Group. He has              gram.
  Featured in Insurance (Illinois)                      Reinsurance; ARIAS-U.S.; Trial Bar of U.S. Dis-       tried numerous antitrust, commercial and rein-           Career: Teresa is a partner and member of the
Practice Areas: Reinsurance and Complex                 trict Court in the Northern District of Illinois;     surance cases and represented insurance and              Management Committee of Butler Rubin. She
Commercial Litigation.                                  Member APIW – Association of Professional             reinsurance companies and reinsurance brokers            has handled numerous arbitration hearings and
Professional Memberships: Catherine Isely               Insurance Women.                                      in hundreds of complex disputes. He also coun-           court cases, including matters related to alloca-
is an active Member of ARIAS-US, presenting at          Career: Julie Rodriguez Aldort concentrates           sels insurers and reinsurers regarding                   tion issues, treaty interpretation, bad faith,
its 2008 Fall Conference and Annual Meeting             her practice in complex business disputes, with       transactions, reinsurance wordings, and com-             misrepresentation and nondisclosure allega-
and co-chairing the Fall 2009 ARIAS-U.S. Con-           an emphasis on reinsurance and commercial lit-        mutations. Jim’s experience includes matters             tions, claim handling, issues arising out of
ference and Annual Meeting. She has spoken              igation. Her significant reinsurance experience       involving disparate issues such as the proper            common account excess of loss reinsurance,
about allocation, aggregation and occurrence            before courts and arbitration panels includes         allocation of losses, fraud, contract interpreta-        actuarial standards for calculating IBNR, and
issues at a reinsurance claims management sem-          disputes regarding allocation of latent claims,       tion, the authority of agents, the conclusiveness        agency issues. She also provides counseling on
inar held by the Reinsurance Association of             coverage for punitive damages, allocation of ret-     of commutations, and claims by and against               contract wording and coverage issues, assists
America, and will lead a panel at the June 2012         rospectively-rated premium, and allegations of        companies in receivership or operating under             clients in assessing their rights against insolvent
AIRROC Chicago Seminar.                                 late notice, bad faith, and poor claims adminis-      schemes of arrangement. He was named the                 insurers, and drafts commutation and settle-
Career: Catherine is a Partner in Butler Rubin’s        tration. Her reinsurance matters have addressed       “Global Insurance & Reinsurance Lawyer of the            ment agreements. Teresa represents both ceding
Reinsurance Practice Group. She has extensive           contracts covering a variety of risks, including      Year 2010” by The International Who’s Who of             insurers and assuming reinsurers. She was
experience before courts and arbitration panels         workers compensation, builders risk, directors        Business Lawyers, in conjunction with the ABA            named as a leader in insurance law in The Best
litigating the allocation of environmental and          and officers liability, and construction defect.      Section of International Law. Also, Jim was              Lawyers in America (2012). And, in 2005 and
toxic tort settlements, as well as disputes related     She has also litigated suits and arbitrations         identified as being among the world’s leading            2009-2012, Teresa was named as a leader in
to claims handling, bad faith allegations, pool         regarding credit and mortgage insurance. Julie        practitioners in The International Who’s Who             business litigation by Illinois Super Lawyers. She
membership rights and obligations, retrospec-           has been engaged in contract disputes regard-         of Insurance & Reinsurance Lawyers (2011 and             joined Butler Rubin in 1994 after a clerkship
tively-rated business, commutations,                    ing, among other things, investor rights,             2012), Who’s Who in America (2012) and The               with Hon. Harry D. Leinenweber, US District
retrocessional coverage, obligations to follow          mortgage seller liability, and commercial leases.     International Who’s Who of Business Lawyers              Court, Northern District of Illinois.
settlements, obligations to post security and           She has successfully defended derivative suits        (2013). Legal Media Group named Jim one of               Personal: JD, magna cum laude, University of
interpretation of ultimate net loss, aggregate          and she handles an array of commercial litiga-        America’s top 25 pre-eminent Insurance &                 Michigan Law School, 1992. Executive Editor,
limit, definitive statement of loss, net retained       tion matters, including disputes regarding            Reinsurance practitioners in its Guide to the            Michigan Journal of International Law, 1991-
lines, prompt notice, access to records, consent        trademark infringement, trade secrets, and            World’s Leading Lawyers - Best of the Best USA           1992. Order of the Coif. BA, summa cum laude,
to settle and arbitration clauses. She has also liti-   restrictive covenants. Julie began her legal career   2011. He was named to the list of the Top 100            University of Illinois, 1989. Phi Beta Kappa.
gated numerous product liability cases                  as a litigation associate at Wilmer Cutler & Pick-    Illinois Super Lawyers for 2009-2012 and as a            Bronze Tablet.

BUTLER RUBIN SALTARELLI & BOYD LLP                                                                                     OFFICES
                                                                                                                       ILLINOIS tel: 312 444 9660 fax: 312 444 9287                                                                CHICAGO: 70 West Madison Street. Suite 1800 IL
Managing Partners: The firm is governed by a four-person management committee.                                         Tel: 312 444 9660 Fax: 312 444 9287
Number of partners: 21 Number of other lawyers: 14

Firm Overview:
Formed in 1980, Butler Rubin Saltarelli & Boyd LLP is a Chicago-based litigation boutique with a national reputation in the core practice areas of reinsurance and
commercial litigation, including antitrust, competition law and opt-out antitrust litigation; class action; defense of corporate directors and officers; mortgage
insurance; credit insurance, insolvency; creditors’ rights; and products liability and mass tort matters. The firm works throughout the United States and abroad.
From representing clients in international reinsurance disputes in London to representing clients in antitrust cases in the United States, its practice is diverse and its
approach innovative.
Butler Rubin is always looking for new and more efficient ways to partner with clients. Whether it is through its award-winning Client Service program or a long-
standing policy of not passing internal costs on to clients, Butler Rubin distinguishes itself from other law firms. At its inception, a group of partners from one of the
nation’s largest law firms left to form a different type of law firm. The original concept continues – a firm where the needs of clients serve as the guiding force, where a
smaller environment promotes demonstrated teamwork and true collaboration, and where an elite corps of lawyers practices together.

Main Areas of Practice:                                     Contacts: Robert N Hermes and Gerald G Saltarelli         initiative sets forth written standards for promoting
                                                                                                                      diversity in smaller law firms, as well as mentoring
Antitrust & Competition Law:                                Mortgage Insurance & Credit Insurance:
                                                                                                                      and other commitments. In addition, the firm has
Serving as antitrust counselors as well as litigators for   Representing insurers and reinsurers in mortgage
                                                                                                                      provided financial support to a number of minority
over 30 years, including serving as counsel for the         insurance and credit insurance disputes regarding
                                                                                                                      law student groups and awards a $10,000 renewable
plaintiff in the ground-breaking Spray-Rite v               breach of contract, rescission, fraud, coverage issues,
                                                                                                                      annual scholarship to a first-year law student, with
Monsanto case. The firm helps clients successfully          and bad faith disputes. The firm is currently
                                                                                                                      preference given to diverse candidates.
resolve a wide variety of disputes with customers,          representing a mortgage insurer and a credit insurer
suppliers and distributors and its representation of        in eight separate litigations throughout the United       Pro Bono:
large purchasers in the burgeoning area of opt-out          States against various lenders concerning mortgage        Since its inception, Butler Rubin has encouraged its
antitrust litigation have earned Butler Rubin an            and credit insurance policies involving aggregate         lawyers to participate in projects that are pro bono
enviable reputation. The firm’s representation of           exposures of hundreds of millions of dollars.             publico, or for the public good. Each year, the firm
manufacturers who sell their products through               Contact: Michael R Hassan                                 commits to devoting at least 2% of billable time to
distributors has helped those businesses avoid                                                                        pro bono matters and to getting more partners
expensive problems when those relationships                                                                           involved in this work. It prides itself on using its
                                                            Representing domestic and foreign clients in
change.                                                                                                               noted litigation expertise to satisfy the unmet legal
                                                            complex reinsurance disputes involving areas such as
Contact: James A Morsch                                                                                               needs of the Chicago community and gives full
                                                            underwriting, scope and applicability of arbitration
                                                                                                                      billable hour credit to time spent by the firm’s
Class Action:                                               clauses, placement disclosures, claim handling,
                                                                                                                      attorneys on pro bono matters. As one of the few
Representing clients in all types of class action           retrospectively rated business, obligations to follow
                                                                                                                      firms its size to sign the Pro Bono Initiative's
disputes. The attorneys have successfully defended          settlements, allocation of settlements, obligations
                                                                                                                      Statement of Principles, Butler Rubin is proof that
insurers and financial institutions in nationwide           under surplus share reinsurance contracts, excess of
                                                                                                                      no law firm or corporation is too large or too small to
class action lawsuits brought under the securities and      loss contracts, application of ultimate net loss and
                                                                                                                      make a commitment to the provision of free legal
antitrust laws as well as federal consumer protection       net retained line clauses, accounting for premiums
                                                                                                                      services. Butler Rubin was named to the 2011 Public
and state consumer fraud statutes. The firm has also        and losses, agency, insolvency and finite reinsurance,
                                                                                                                      Interest Law Initiative Pro Bono Recognition Roster.
represented manufacturers and distributors in high-         and credit and mortgage insurance and reinsurance.
stakes class actions, as well as acting as national         The firm’s attorneys are immersed in the intricacies      International Work:
coordinating counsel and local counsel in class             of reinsurance custom and practice and the                A substantial portion of the firm’s reinsurance
actions at the federal and state courts at the trial or     commercial relationships upon which participants          matters and clients are international.
appellate levels.                                           in the industry depend.
Contacts: Albert E Fowerbaugh, Jr., James A Morsch          In 2004, Butler Rubin createdWomen in                     Clients:
and Michael R Hassan                                        ReinsuranceTM (WIRTM) to discuss how the                  Butler Rubin tends to represent larger corporations,
                                                            reinsurance industry was evolving and how women           both public and private, primarily in the sectors of
Complex Business Disputes:
                                                            could play a dynamic role in the future of the field.     insurance, manufacturing, real estate and services,
Representing clients in large, complex business
                                                            WIRTM regularly sponsors events of interest to            and works internationally. Domestically, the firm has
disputes, including shareholder derivative suits,
                                                            professional women in the reinsurance industry and        represented clients in the courts of over 35 states and
throughout the United States. As experienced trial
                                                            fosters networking and information sharing                before state and federal agencies, commissions and
lawyers, the firm’s approach to discovery is extremely
                                                            (                             arbitration panels in more than 25 states.
focused, eschewing battles and discovery that are not
                                                            Contacts: Robert N Hermes and James I Rubin
essential to trial or favorable settlement. With more
than 30 litigators and a sizeable support staff of          Diversity Efforts:
trained professionals, the firm has the depth and           The firm is a founding member of the Small Firm
experience to efficiently handle complex disputes           Diversity Initiative in coordination with the
throughout the country.                                     Minority Corporate Counsel Association. The

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