2009570258 - ARIAS•U.S.

Frank DeMento

Overview
Experience
Biography

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Personal Information

Address:

Frank DeMento
124 Trumbull Rd
Manhasset, New York 11030
United States
Phone:

9175800752
Email:

fdemento@transre.com

Credentials

Attorney:

Yes
Education:

Washington and Lee University, St. John's University School of Law.
Degrees:

Bachelor of Arts, 1990 and Juris Doctor, 1994. Admitted to practice law in New York, Tennessee, and Connecticut Authorized House Counsel.
Designations:

Chartered Property and Casualty Underwriter (CPCU); Associate in Reinsurance (ARe); and Certified Legacy Insurance Professional (CLIP)
Additional Information:

Company: TransRe (2016 - Present)
Position(s) and Responsibilities: Mr. DeMento is Senior Vice President and Claims Manager.

Company: Crowell and Moring, LLP. (2013 - 2016)
Position(s) and Responsibilities: Mr. DeMento was Senior Counsel and practiced law in the insurance and reinsurance group, where he specialized in reinsurance arbitrations.

Company: XL Reinsurance America Inc. (2007 - 2013)
Position(s) and Responsibilities: Mr. DeMento was Vice President, Retro-Ceded Claims Unit Manager, Run-Off Claims Unit Manager, and In-House Claims Counsel.

Company: Mendes and Mount, LLP. (2000 - 2007)
Position(s) and Responsibilities: Mr. DeMento was a Partner in the insurance and reinsurance litigation group, where he specialized in reinsurance arbitrations.
Offering Services as Expert Witness in:

Reinsurance Claims, Run-off, Commutations, London Market, Asbestos, Pollution, Health Hazard, Covid, ECO/XPL, PFAS, Sexual Molestation, Products liability, Number of Occurrences, and Reinsurance Wording.
Certified Arbitrator:

Yes

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Work Experience

Current director of an insurance or reinsurance company: Yes

Former director of an insurance or reinsurance company: No

Current officer of an insurance or reinsurance company: Yes

Former officer of an insurance or reinsurance company: No

Reinsurance Department: Reinsurance Department, Legal Department, Claim Department

Law Firm Experience: Partner

Other Work Experience: Run-off Manager, Independent/Unaffiliated Arbitrator, Umpire and/or Mediator

Breakdown of Experience

Alternative/ Self Insurance/ Risk Management: YES

Architects & Engineers: YES

Asbestos: YES

Automobile Liability/Property: Yes

Bad Faith/Eco: YES

Captives/Risk Retention Groups: YES

Catastrophes (Casualty): YES

Catastrophes (Property): YES

Commercial Liability: YES

Commercial Property: YES

Commutations: YES

Construction Defects: YES

Contract Wording: YES

Directors & Officers: YES

Disability: YES

Employment Practices Liability: YES

Energy: YES

Environmental/Pollution: YES

Excess/Surplus Lines: YES

Fidelity &, Surety: YES

Financial Guarantee: YES

Insolvencies: YES

Intellectual Property: YES

International: YES

Libel/Slander/Media Liability: YES

Lloyd's: YES

London Company Market: YES

Long Term Disability: YES

MGA/MGU: YES

Personal Lines: YES

Product Liability: YES

Product/Consumer Warranties: YES

Professional Liability/Errors &, Omissions: YES

Third Party Administrator: YES

Toxic Tort: YES

Workers' Compensation: YES

By Market

Bermuda/Off- Shore Market: 1-25%

U.K. Market: 25-50%

U.S. Market: 50-75%

Mediation Experience

Minimum Number of Mediations as Counsel: 15

ARIAS Experience

ARIAS Conference Faculty: 8

Ethics Training, as Trainee: 4

Workshops, As Faculty: 3

Workshops, as Trainee: Yes

Arbitration Experience

Number of Arbitrations as an Arbitrator: 6

Number of Appointments as Arbitrator: 8

Completed Arbitrations as Arbitrator: 3

Number of Arbitrations as Outside Counsel: 50+

Arbitration Experience: As Corporate Representative: 25

Umpire Experience

Number of Arbitrations as an Umpire: 3

Number of Appointments as Umpire: 3

Completed Arbitrations as Umpire: 3

Biography

FRANK DEMENTO has over 25 years' experience in insurance and reinsurance claims across all property and casualty lines of business. Currently, he is Senior Vice President and Claims Manager at TransRe. In addition, Frank serves on the IRUA education and claims committee and the association governance committee.
Frank served on the board of ROM Reinsurance Management Company for six years, including as Chairman, and is a previous board member of the Association of Insurance and Reinsurance Run-off Companies, serving as chairman of the education committee.
A member of ARIAS since 2001, Frank is co-chair of its technology committee, and has been an ARIAS certified arbitrator since 2014.
Prior to joining TransRe, Frank was Senior Counsel in Crowell and Moring LLP’s re/insurance practice, managed XL Reinsurance America, Inc.’s run-off and retroceded claims units and was in-house claims counsel. He was also a partner in Mendes and Mount, LLP’s insurance and reinsurance litigation group. Frank Also was elected and served as Mayor of the Incorporated Village of Munsey Park from 2013-2019.
Frank holds the following designations: Associate in Reinsurance; Chartered Property Casualty Underwriter; and Certified Legacy Insurance Professional. Frank graduated from Washington and Lee University and has a Juris Doctor degree from St. John’s University School of Law.