Huhnsik Chung is a Partner at ArentFox Schiff's New York office and a sought-out adviser who has more than three decades of experience in the regulated financial and insurance sectors.
Huhnsik handles complex and diverse matters on behalf of international and local insurers and reinsurers, captives, insurance intermediaries, insurance technology companies, risk purchasing groups and risk retention groups, investors, and regulators. He has extensive experience assisting the insurance industry with formations and capitalizations, mergers and acquisitions, portfolio transfers, insurance-linked securities, tax advice, commutations, restructurings and receiverships, investments and market issues, as well as addressing operational and regulatory needs, including global licensing issues and policy drafting. Huhnsik also advises on the identification, assessment, and mitigation of risks and exposures arising from transactions and investments, and he has significant experience with representations and warranties policies both on the buy-side and as underwriting counsel.
On the dispute side, Huhnsik has served as lead counsel in more than 70 insurance, reinsurance, and commercial proceedings in the United States and abroad. He is regularly called upon to resolve complex disputes arising from the business of insurance. Huhnsik serves as New York counsel in Bermuda form arbitrations and other contracts governed by New York law. He has significant experience in the energy sector with an emphasis on oil and gas companies and utilities insured through industry mutuals and captives. Those matters have involved a variety of first- and third-party losses arising from major disasters involving oil rigs and platforms, risers, tankers, pipelines, blowouts, explosions, wild res, mining, nuclear plants, war and terrorism, toxic torts, products, and pollution. Other matters have involved impairment of catastrophe bonds, media and telecommunications, privacy and cybersecurity, financial institutions and directors and of officers, medical devices, professional services, fidelity, surety and payment bonds, financial guaranty, life, health, disability, and aviation.
In the fintech space, Huhnsik has been immersed in blockchain and digital asset development and deployment in his representation of accelerators, exchanges, sponsors, investors, developers, and banks, with an emphasis on Asia and Bermuda. He has advised on diverse matters as outside general counsel and even provided blockchain business solutions through a consultancy.
