Over the years of my professional practice, I have found the field of insurance to be both interesting and challenging. I have been energized by repeatedly facing unpredictable and often unique fact situations—the resolution of which have required complex legal and public policy arguments, as well as multi-faceted approaches to stakeholders and decision-makers. Also, my practice has brought me into contact with many highly talented people in private industry as well as dedicated policymakers in the public sector. All of this has been immensely motivating and satisfying for me.
Joseph Gunset is Of Counsel to McGlinchey’s Insurance practice group. Based in our New York office, Joe focuses his practice on advising clients concerning insurance regulatory matters, as well as professional liability and insurance coverage litigation.
Joe has a broad background in the insurance industry, including executive positions in two major insurers and a large insurance broker, and in private law practice, representing both insurers and brokers. Most recently, Joe was General Counsel at Lloyd’s America, Inc., the U.S. subsidiary of Lloyd’s of London. At Lloyd’s, Joe was responsible for legislative and regulatory policy, acting as the Lloyd’s market’s key liaison with U.S. regulators, legislators, and government officials.
Prior to Lloyd’s, Joe was General Counsel of the Warranty Products Division of AIG, with responsibility for regulatory, claims, and litigation matters. Before AIG, Joe was in private practice where he represented his former employer, Sedgwick James, Inc. (now part of Marsh McLennan) in professional liability litigation, but also acted for insurers in coverage litigation.
As the insurance industry has assumed an increasingly prominent role in public policy matters, particularly around disaster preparedness and recovery, Joe has served as a knowledgeable, insightful guide in the evolution of this critical sector. He has played an active role in numerous high-profile issues in this realm, including:
- A key player in the negotiations with U.S. regulators after 9-11, which led to important solutions to the operational challenges faced by key segments of the insurance industry.
- An instrumental role in the initial lobbying (and subsequent renewals) for the Terrorism Risk Insurance Act, which provides a backstop for insurers for terrorism risk.
- A strategic role in the protection of the legal framework critical to surplus lines insurers’ ability to offer their products.
As a practitioner, Joe is a strong believer in collaboration as the route to the best thinking and the most innovative solutions. He is also a relationship-builder, who leverages his industry experience by assembling teams that provide both needed expertise and diverse approaches to complex problems.