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Stephen W. Schwab, Esq.
Stephen W. Schwab, Esq.
DLA Piper LLP (US)
(312) 368-2150
dbo.fn jc Profile(vBoNetContact.ID)
Profile
Stephen W. Schwab, Esq.
DLA Piper LLP (US)
444 W. Lake Street, Suite 900 Chicago, IL 60606
(312) 368-2150
Regulatory Cnsl Mbr
Business Transactions, Legislative, Litigation, Regulatory
District of Columbia, Illinois, New York, Pennsylvania
Bio
Stephen concentrates his practice in the re/insurance sector of international trade. Clients include leading domestic and multinational stock, mutual and captive entities, intermediaries, trade organizations, regulators, and receivers. 

Stephen's experience includes the resolution of complex disputes through transactions, legislative and regulatory action, negotiation, mediation, arbitration and court litigation in and outside the US, from trial through appeal. 

Most recently, Stephen favorably settled IP claims involving an Asian internet marketplace, obtained dismissal with prejudice of a class action involving eyewear, co-led 50+ reinsurance counterparties in resolving set-off disputes in the DE rehabilitation of Scottish Re, represented Premia in its acquisition of the direct (and affiliate related) business of Public Service Ins. Co., in Rehabilitation (IL), and led the representation of the PA Ins. Cmsr. as receiver of long term care carrier Penn Treaty, He currently represents a cedent in a facultative reinsurance dispute, and the purchaser of a life insurer through a rehabilitation.

Stephen has published numerous cited book chapters and articles, and chaired/presented at many conferences and seminars. His current scholarship is focused on legacy re/insurance transactions, particularly through court supervised receivership and statutory business division and transfer. His professional association memberships reflect his practice (e.g., IBA, ABA, IAIR, FORC).

Stephen's civic/charitable service focuses on diversity, equity & inclusion and youth development, including board membership in Chicagoland Chamber of Commerce, Pathway to Adventure Council (Boy Scouts of Am.), Museum of the Am. Revolution (Phila.), Chicago Committee on Minorities in Large Law Firms, Penn State Law School Development Council, and Powered by Action. He is a member of The Chicago Club.

PUBLICATIONS
• Illinois enacts business division law, 28 Nov 2018
• Illinois enacts business division law, DLA Piper (28 Nov 2018)
• "Part VII Legacy Transfers: 'Part 2'," Tort Trial & Insurance
Practice, Surplus Lines and Reinsurance Committee Newsletter
(Fall 2018)
• "Insurance Sector Trends: Forecast for 2018 and 2017 Year End Review," Insurance Update, February
5, 2018
• Contributor, "Year End Review and Forecast for 2018," DLA Piper (2018)
• Contributor, "Year End Review and Forecast for 2017," DLA Piper (2017)
• Contributor, "Year End Review and Forecast for 2016," DLA Piper (2016)
• Contributor, "Year End Review and Forecast for 2015," DLA Piper (2015)
CREDENTIALS
Education
Harvard Leadership Program (2008)
Insurance School of Chicago (1995)
A.Re.
Dickinson School of Law of the
Pennsylvania State University (1982)
J.D.
Member, Order of Barristers
Member, Labor Law Moot Court Team
Chairman, Trial Moot Court Board
(1981 – 1982)
Northwestern University (1979) B.A.
Phi Eta Sigma
Admissions
Pennsylvania
District of Columbia
New York
Illinois
• Contributor, "Year End Review and Forecast for 2014," DLA Piper (2014)
• Co-Author, "US Discovery Reaching Across Borders: Learning the Issues on the Fly", DRI's For the
Defense (July 2012), DRI's The Voice (May 2012)
• "Setoffs in Insurance Receiverships: Two Decades of Change", 18 J. of Reins. 81 (2011)
• Co-Author, "Highlands Insurance Company, In Receivership", AIRROC Matters (Insolvency Special
Edition) (Summer 2011)
• "Service of Process, Annotations to Surplus Lines Statutes, Fifth Ed". (American Bar Association, 2010)
• "The Credit Crisis and Its Effect on Insurance Companies: An Overview" (Lockton, Inc. Circular, October
2008)
• "Berrable Alternatives for Reinsurance Arbitration Part Three: International Dimensions", ABA Excess,
Surplus Lines and Reinsurance Committee Newsletter (Winter 2007)
• "Caught Between Rocks and Hard Places: The Plight of Reinsurance Intermediaries Under US and
English Law", 16 Mich. J. Int'l L. 485 (1995), reprinted in 8 Nat'l Ins. L.Rev. 79 (1996)
• Editor and Contributing Author, "Data Processing, Investigation and Asset Recovery, Claims, and Special
Receiverships Chapters", National Association of Insurance Commissioners RECEIVER'S HANDBOOK
FOR INSURANCE COMPANY INSOLVENCIES (1st and 2d eds. and Supp.)
• "Cross-Border Insurance Insolvency: The Search for a Forum Concursus", 12 U. Pa. J. Int. Bus. Law 303
(1991), reprinted in Ins. Law & Practice (2 parts) (1992)
• "Onset of an Offset Revolution: The Application of Set-Offs in Insurance Insolvencies", 95 Dick. L. Rev.
448 (1991), 8 J. Ins. Reg. 446 (1990), reprinted in 5 Nat'l Ins. L. Rev. 813 (1992) and VI INSURANCE
LAW ANTHOLOGY 107 (1992)
• "Amreco: A Step Towards International Rehabilitations", 7 J. Ins. Reg. 388 (1989)
PRESENTATIONS AND SEMINARS
• Speaker, "Multinational Insurance Programs and Privacy," Continuing Legal Education Seminar (June
2019)
• Speaker, "Regulatory Restructuring Issues in Reinsurance Arbitration: A Break-out Session," ARIAS U.S.
2019 Spring Conference (May 2019)
• Moderator, "Business Transfers and Divisions, Here and Abroad," IAIR's 2019 Insurance Resolution
Workshop (February 2019)
• Speaker, "Handling Unliquidated Assets at Closing: A View from Another Angle," IAIR Technical
Development Series VI: The End of the Road: Issues in Closing Receiverships (October 2018)
• Speaker, "A Tail of Too Pities – Lessons from Penn Treat," IAIR Insurance Resolution Workshop
(February 2017)
• Moderator, "Wave of the Future for the Compliance Professionals: Managing Compliance Risk Through
Metrics Reporting, Data, Predictive Analytics and How Does It All Inform Legal and Operational Risk,"
ACI's 12th National Forum on Insurance Regulation (July 2016)
• Speaker, ''Contract Structuring for Alternate Capital,'' RAA's Re Contracts: The Art of Designing
Reinsurance Contracts and Programs (July 2016)
• Speaker, "Industry Response to Heightened Regulatory Scrutiny of Insurance Companies' Cybersecurity
Preparedness," ACI's 11th National Forum on Insurance Regulation, (February 2016)
• Speaker, ''Dispute Resolution Clauses—Arbitration, Mediation and Litigation,'' RAA's Re Contracts: The
Art of Designing Reinsurance Contracts and Programs (July 2015)
• Co-Presenter, "Industry Response to OFAC Compliance for the Reinsurance Industry," American
Conference Institute's National Forum on Reinsurance Regulation (July 2014)
• Co-Presenter, "The "Effectiveness" of Transfers Part VII and Part VII "In Reverse"," AIRROC
Networking/Commutation Day and Membership Meeting (July 2014)
• Co-Panelist, "Towards A Common Global Capital Standard For Re/Insurers: Latest Steps," American
Conference Institute's 8th Insurance Regulation (February 2014)
• Co-Presenter, "Legal Advice, Cross Border and Other Multinational Insurance Issues" (February 2014)
COURTS AND FORUMS
• Supreme Court of the United States
• United States Court of Appeals for the Seventh Circuit
• United States Court of Appeals for the Ninth Circuit
• United States Court of Claims
• United States District Court for the Northern District of Illinois (including the Trial Bar)
• United States Tax Court
• Supreme Court of Illinois
• Supreme Court of Pennsylvania
• District of Columbia Court of Appeals
• New York Court of Appeals
• United States District Court for the Eastern District of Michigan
PROFESSIONAL MEMBERSHIPS
• Observer on behalf of the International Bar Association to the Uniform Law Commission, Drafting
Committee on the Uniform International Choice of Court Agreements Act (2009 – present)

Published Articles

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Published Alerts

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Positions in FORC

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There are no records.