Richard Ahn is a partner in the firm’s Manhattan office and an integral team member of the Global Insurance Services Practice Group. Although Richard is considerably skilled in a variety of fields of law, he currently concentrates his practice on complex insurance coverage, reinsurance, regulatory compliance and affairs, commercial litigation, business torts, and general corporate law.

Richard’s coverage and litigation experience is significant in that he has developed a detailed level of knowledge and extensive experience in nearly all lines of insurance. He is frequently called upon by clients on a number of insurance coverage issues involving commercial general liability, excess and umbrella liability, errors and omissions liability, directors and officers liability, cyber liability and employment practices liability involving personal and advertising injury, construction defect, additional insured, bad faith, toxic tort, pollution and environmental, property damage, bodily injury and professional liability issues and claims. Richard also has a substantial level of coverage experience in first-party matters and has developed a nuanced understanding of the multiple issues and science involved in such claims. Richard’s litigation experience in both the first- and third-party contexts encompasses all facets of declaratory judgment actions and arbitrations. Richard is also experienced in developing underwriting procedures and claims guidelines, policy rewriting, and developing risk management guidelines for clients in an attempt to mitigate risk and exposure.

With considerable experience and knowledge in reinsurance, Richard counsels reinsurers and cedents on various issues, including rights and obligations under both reinsurance treaties and facultative certificates. He also evaluates complex contracts, reinsurance programs and potential liabilities, settlements, policy buy-backs and work-outs, and commutations. He also assists with negotiating and drafting reinsurance agreements, underwriting management and claim administration agreements, and commutation agreements.

Within his work on regulatory compliance and affairs, Richard has counseled and provided guidance to numerous insurers specializing in commercial, property and casualty, specialty, and surplus lines of insurance through the complex and ever-evolving regulatory statutes, policies, and procedures of all 50 states. Richard has also assisted retail and wholesale brokers as well as claims administrators in this regard. Accordingly, he continues to develop strong relationships with regulatory authorities across the country and is well qualified to provide recommendations and measures to address complex departmental inquiries as well as provide advice and assistance with regulatory audits. As a key member of the regulatory compliance and affairs team, Richard has assisted with market conduct examinations, assisted with improving corporate relations with various insurance regulatory bodies, and implemented internal regulatory compliance checks to ensure corporate compliance with a myriad of regulatory rules and regulations. Richard brings extraordinary qualifications when it comes to advising on corporate mergers, acquisitions, reorganizations, and domestications. In this regard, his extensive background in corporate law results in substantial benefits for clients.

Richard has also analyzed and previously assisted with the development of a compliance monitoring process to ensure continued compliance with regulatory guidelines, and he has obtained, managed, and facilitated company licensing and other regulatory filings while providing legal advice to clients from both domestic and international regulatory bodies. He also assists with product development, policy, and endorsement drafting and prepared rate and form filings. In this regard, Richard has and continues to develop an exceptional level of knowledge on various state and federal government regulations including federal acquisition regulations, political contribution statutes, cost accounting standards, and the Office of Foreign Assets Control procedures.

Before becoming a lawyer, Richard was accepted into a prestigious internship program with the United Nations along the way toward obtaining his Master of Arts in International Relations from the respected Maxwell School, where he also obtained a Certificate of Advanced Studies in Security Studies. Richard also holds a dual Bachelor of Arts in International Relations and Environmental Studies. He has served on multiple boards of directors in the past, is very active in a number of organizations, and is a long-standing member of various business, philanthropic, and industry organizations. Richard’s unique blend of knowledge and high levels of experience has given him an exceptionally high degree of understanding of some of the most complex challenges in both litigation and transactional work.

A small sample of Richard’s achievements includes the following:
  • Served on a large mortgage reinsurance matter, providing primary and critical assistance to the client on a $100 million-plus claim for breach of uberrima fides and fraud.
  • Successfully opposed and obtained an outright dismissal of a declaratory judgment action seeking coverage on a class-action matter and involving a multitude of issues including choice-of-law and the pollution exclusion. Lapolla Industries Inc. v. Aspen Specialty Insurance Company et al., 926 F. Supp. 2d 479 (E.D.N.Y. 2013) aff’d 566 Fed. Appx. 95 (2d Cir. 2014).
  • Successfully and intimately engaged in the acquisition of numerous companies at the national and international level, including for a global Fortune 500 Company.
  • Guided companies with the formation, maintenance, and compliance aspects of risk retention groups and captive arrangements.
  • Obtained and renewed licensing for insurers, brokers, and claims administrators throughout the United States.
  • Successful resolution of a potential multimillion-dollar penalty imposed by a Southern United States insurance department against a service contract and extended warranty provider for violation of a previously unknown business restriction.
  • Successful resolution of a potential multimillion-dollar penalty imposed by an Eastern United States insurance department against a claims administrator for violation of multiple offenses.
  • Successfully opposed a motion to dismiss by the State of New York on claims for breach of contract, fraud, and promissory estoppel. Long Island Conservatory Ltd v. State of New York, 44 Misc. 3d 1231(a) (N.Y. Claims Ct. 2011).
Professional Affiliations and Training
  • National Association of Asian American Professionals (NAAAP): Board Member, New York Chapter
  • Korean American Association of Greater New York (KAAGNY)
  • Claims and Litigation Management Alliance (CLM)
  • Insurance Federation of New York
  • Department of Labor OSHA-10 Construction Training
  • New York Metro Super Lawyers, Rising Stars, 2015-2016 (Thomson Reuters)
  • Executive Editor, Syracuse Law Review
  • Northeast Regional Champion, Thomas Tang National Moot Court Competition
  • Finalist, Edmund H. Lewis Appellate Competition
  • View peer-review methodologies at No aspect of this advertisement has been approved by the Supreme Court of New Jersey.
  • Korean (proficient)
Admitted to Practice
  • New York
  • New Jersey
  • U.S. District Court for the District of New Jersey
  • U.S. District Courts for the Southern and Eastern Districts of New York
  • U.S. Court of Appeals for the Second Circuit
  • Syracuse University College of Law, J.D., cum laude, 2007
  • Syracuse University, Maxwell School, M.A., 2007
  • Occidental College, B.A., 2000