Stroock has hired Huhnsik Chung as a partner in the firm’s insurance and reinsurance practice within its New York office.
He arrives to the firm from Baker McKenzie, where he chaired the North America Insurance practice. Joining Chung is an associate, Nicholas Secara, also from Baker McKenzie.
Secara represents insurers and reinsurers in arbitrations and judicial proceedings as well as commercial transactions. He co-founded the Insurance Federation of New York Inc., Emerging Leaders. He has also served as a special assistant corporation counsel for the Law Department of the City of New York.
Chung represents insurance industry clients in disputes in domestic and international arbitrations and judicial proceedings. He has served as lead counsel in more than 70 such actions in the U.S. and abroad.
He also provides regulatory, licensing and structuring advice on matters such as insurtech start-ups, captives, mergers and acquisitions, insurance-linked securities, wrap-up insurance and new product development. He handles the insurance component of mergers and acquisitions and regulatory matters, and he is regularly retained to resolve business of insurance disputes.
In the fintech space, Chung has also been at the forefront of blockchain development and deployment in his representation of accelerators, exchanges and sponsors of initial coin offerings in offshore jurisdictions. Additionally, Chung maintains close ties with South Korean-focused companies and assists Korean clients in business and insurance matters globally.
At Stroock, Chung joins an insurance litigation team representing national and multinational insurers and reinsurers in a range of matters, including high-exposure reinsurance matters, complex coverage and bad faith disputes and consumer class actions. Stroock’s reinsurance representations span areas such as life reinsurance, natural catastrophes, asbestos and environmental, aviation, financial guarantee, workers’ compensation, broker negligence and MGA disputes. The team’s insurance coverage expertise include CGL, excess/umbrella, professional liability, workers’ compensation, D&O and commercial property lines, among others.
Stroock provides strategic transactional, regulatory and litigation advice to advance the business objectives of financial institutions, multinational corporations and entrepreneurial businesses in the U.S. and globally. The firm has offices in New York, Los Angeles, Miami and Washington, D.C.
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