New York-based law firm Stroock has appointed Huhnsik Chung, former head of Baker McKenzie’s North America Insurance practice, as a partner in its insurance and reinsurance practice.
Chung has previously served as lead counsel in more than 70 re/insurance industry disputes related to domestic and international arbitrations and judicial proceedings, and provides regulatory, licensing, and structuring advice on InsurTechs, Mergers and Acquisitions (M&A), insurance-linked securities (ILS), wrap-up insurance, and new product development.
As part of Stroock’s insurance litigation team, he will now represent a range of global re/insurers in matters of high-exposure reinsurance, complex coverage and bad faith disputes, and consumer class actions.
Co-led by Robert Lewin and Michele Jacobson, Stroock’s insurance team also executes transactional work like insurance industry M&A, complex reinsurance transactions, and regulatory matters.
Alan Klinger, Co-Managing Partner at Stroock, said: “Our insurance practice has always been powered by the triple threat of highly proficient litigation, transactional and regulatory teams.
“Through their work at the center of some of the most important and contentious recent litigation and arbitration cases, Stroock lawyers have earned a reputation for excellence. Huhnsik fits right in with that heritage, and we are happy to add him to our team.”
Lewin also commented: “Clients know and respect the knowledge and skillset Huhnsik brings to any matter. His successful representations for a significant number of clients are a testament to his capabilities. He is a great addition to our practice.”
Chung added: “With a world-class group of litigators and transactional attorneys, Stroock has been a go-to firm for insurance industry players, particularly those with complex cases that can change the shape and destiny of companies. Joining Stroock is a welcome step and I look forward to growing my practice with my new colleagues.”
Chung will be joined by associate Nicholas Secara, also formerly of Baker McKenzie, who brings experience in representing re/insurers in arbitrations, judicial proceedings, and commercial transactions.
Secara co-founded the Insurance Federation of New York, Inc., Emerging Leaders, and served as a Special Assistant Corporation Counsel for the Law Department of the City of New York.