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R. Mark Keenan is a leading lawyer in the fields of insurance coverage, securities law and litigation. Mr. Keenan commenced his professional career as a law clerk to Chief Judge Thomas C. Platt of the United States District Court, Eastern District of New York. Mr. Keenan has a very active practice in insurance coverage involving banking, crime, general commercial, D&O, property, securities, professional liability, marine, and other forms of insurance. Mr. Keenan's litigation practice has involved insurance coverage, general commercial, international, accounting, securities, and marine litigation.
Mr. Keenan is chair of the firm's Financial Institutions Group which serves its clients in that industry, including broker/dealers, commercial banks, investment advisors, hedge funds, mutual funds and other financial institutions. Mr. Keenan is also Chair of the firm's Marine Insurance Group.
In addition, Mr. Keenan heads the firm's Insurance Insolvency Group, the purpose of which is to protect its numerous clients in connection with the insolvencies of United States and foreign insurance companies. Mr. Keenan sits on the creditors committees for, among others, English & American, Bermuda Fire & Marine, Sovereign Marine & General, and Transit Insurance.
Representative Clients
Representative clients have included General Electric, Bear Stearns & Co., The Pioneer Group, RCA, the Superintendent of Insurance of the State of New York, Mobil Corporation, SuperClubs, World Fuel, Petroleum Heat & Power, SunTrust Bank, Cordis, Networld, IBM, Aerojet Corporation, Georgia-Pacific, Curtiss-Wright, Lucent Technologies, Weyerhaeuser, Family Dollar Stores, Marvel Entertainment, Glenayre Technologies and Pall Corporation.
Press
Mark Keenan has been quoted in various publications throughout the country, including:
The Wall Street Journal, Fox Business Channel, Associated Press, San Francisco Chronicle, Los Angeles Daily News, Seattle Times, Milwaukee Journal Sentinel, Cincinnati Enquirer, Fort Wayne Journal Gazette, Baltimore Sun, Bradenton Herald, Philadelphia Inquirer, The News Journal, Newark Star Ledger, Business Insurance, Reuters, Financial Week, Insurance Journal, International Herald Tribune, The Guardian (UK).
"Scheme resolves Highlands dispute," Business Insurance (August 31, 2009)
Publications
"So what happens to your insurance policy if your carrier goes under?," Financial Week (February 2, 2009) (with Greg Hansen and Michael Chung)
"You Recommended Madoff - Are You Covered?," Law360 (January 26, 2009)
"What's Wrong With The New York Insurance Liquidation Bureau?," Mealey's Litigation Report: Insurance Insolvency, Vol. 20, #8 (December 2008)
"Subprime Lending and Securities Litigation Insurance Coverage? The Credit Exposure Questionnaire," Banking New York (August 5, 2008) (with Brian M. Giehl)
"Media Insurance: Arguing Over 'Dr. Doom'," Broadcasting & Cable (July 21, 2008) (with Eli Bard)
"Subprime Lending and Securities Litigation - Insurance Coverage? (Part III) The Credit Exposure Questionnaire," AKO Financial Services Alert (Spring 2008) (with Brian Giehl)
"Insurance Coverage For Subprime Lending and Securities Litigation," FINalternatives (December 11, 2007) (with Craig M. Hirsch)
"Captive Insurance Companies: A Growing Alternative Method of Risk Financing," Journal of Payment Systems Law (June 2007) (with Phillip England and Isaac E. Druker)
"Subprime Lending and Securities Litigation-Insurance Coverage? (Part II)," AKO Financial Services Alert (Summer 2007) (with Craig M. Hirsch)
"Subprime Lending Litigation: Is There Insurance Coverage?," The Real Estate Finance Journal (Summer 2007) (with Craig M. Hirsch)
"Making Sure Liability Policy Claims Are Paid," American Banker (July 27, 2007) (with Craig M. Hirsch)
"Watching The Detectives: D&O Insurers Have Plenty of Excuses For Not Covering Costs From Shareholder Lawsuits. Here's How To Counter Them," Financial Week (May 7, 2007) (with Craig M. Hirsch)
"Subprime Lending Litigation-Insurance Coverage?," AKO Financial Services Alert (May 4, 2007) (with Craig M. Hirsch)
"Insurance Coverage for Internal Investigations," Financial Week (May 2007) (with Craig M. Hirsch)
"Subprime Lending Litigation and Investigations: Insuring Against the Costs," Complinet (May 2007) (with Craig M. Hirsch)
"Insurance for Hedge Funds," A Securities Professional's Alert (February 2007)
"Marine Insurance - Watch Out for Hidden London Arbitration Provisions," Propeller Club Quarterly (Winter Quarter 2006) (with Greg Hansen)
"How to Prevent Your Insurance Companies Unilateral Expansion of Exclusions," AKO Financial Services Alert (Autumn 2006) (with Steven Seltzer and Mark Flynn)
"Life Settlements - Investors Beware," A Securities Professional's Alert (November 2006); Journal of Payment Systems Law (November/December 2006) (with Steven Seltzer)
"Insurance Coverage under D&O and Professional Liability Policies: Watch Your Insurance Company's Fuzzy Math," AKO Policyholder Advisor (October/November 2006) and riskVue (June 2007) (with Craig M. Hirsch)
"Mergers & Acquisitions - Don't Forget the Hidden Asset - Insurance," A Securities Professional's Alert (July 2006) and riskVue (April 2007) (with Mark Garbowski)
"Is There Insurance Coverage for Backdating Stock Options?" A Securities Professional's Alert (June 2006); Employee Benefit Plan Review (October 2006) (with Craig Hirsch)
"Taking Cover," Hedge Funds Review (April 2006)
"Hedge Fund Investments in Life Insurance Policies," AKO Financial Services Alert (Spring 2006) (with Craig M. Hirsch)
"Steps to Getting Key Person Claims Paid," Risk Management Magazine (February 2006)
"Insurance Can Negate the Nefarious Effect of Lawsuits," Investment News (February 20, 2006)
"Steps to Getting Key Person Claims Paid," Risk Management Magazine (February 2006)
"British Insurance & Schemes of Arrangement - What The Hell Are They?," Mealey's Litigation Report: Insurance Insolvency (January 2006)
"Check Out Whether Insurers Owe You for Hurricanes," American Banker (October 14, 2005)
"Hedge Fund Heyday," Best's Review (October 2005)
"Insurance for Hedge Funds," Financial Services Alert (Summer/Autumn 2005) and Corporate Counsel (July 2005)
"Is Your Settlement Insured? The Wrong Words Can Prevent Coverage," Financial Services Alert (Spring 2005) (with Craig Hirsch)
"Porous Liability Insurance Can Leave Hedge Fund Executives in the Lurch," HedgeWorld (May 2005)
"The London Arbitration Provision: Insurance Buyers Beware," Policyholder Advisor (March/April 2005) (with David Kochman)
"D&O Insurance: The 'Profit Or Advantage' Exclusion: How Bad Is It?," AKO Financial Services Alert (Autumn 2004) and riskVue (March 2007) (with Craig Hirsch)
"D&O Insurance: Don't Let the Insurance Companies Control Your Life," AKO Financial Services Alert (Spring 2004)
"Employee Discrimination Claims: Are You Covered?," The John Liner Review (Winter 2004)
"D&O Insurance: Don't Let Insurance Companies Stop Payment of Defense Costs," riskVue (May 2004) (with Cort Malone) and Corporate Counsel (February 2004) (with Cort Malone)
"Research Analyst Coverage," AKO Financial Services Alert (Summer 2003) (with Mark Garbowski)
"Directors and Officers: Check Your D&O Insurance," Strategic Finance (May 2003)
"Counting Your Losses: Don't Let the Insurance Company Use the 'Number of Losses' Against You," Financial Services Alert (Autumn 2002)
"Fraud in Your Mortgage Pools Who Pays For Your Loss?," Banking Law Journal (2003) (with James Franz) AKO Financial Services Alert (Summer 2002) (with James Franz)
"Securities Professional Liability Policy Coverage," AKO Financial Services Alert (Spring 2002)
"Does An Innocent Outside Director's D&O Insurance Coverage Sink With The Ship?," Corporate Counsel (April 2002) (with Aviva Abramovsky)
"The Rogue Bank Officer: Can His Personnel File 'Kill' Your Insurance Coverage for the Officer's Thefts?," Banking Law Journal (March 2001)
"The Rogue Trader Has Absconded With Your Customers' Funds . . . Do You Have To Chase Him To Timbuktu Before Your Insurance Pays?," Corporate Counsel (January 2001)
"Unraveling the Mystery of Insurance Coverage for Criminal Losses," Managing Risk (May 1998) Volume 12, No. 5
"Choosing Coverage is Hands-On Job for CPAs - Malpractice Insurance: What's Your Coverage? Part I," Accounting Today (June 3-16, 1996) at 24, 26
"Hurricane Coverage for Banks, Reits, Mortgage Backed Securities and Financial Institutions," American Banker
Speaking Engagements
"The Impact of Insurance Impairments on Agents, Brokers, Directors and Officers," A.M. Best's Webinar, New York, NY (July 1, 2010)
"Ultrafine Print: How to Read an Insurance Policy," Arizona Central RIMS Chapter, Phoenix, AZ (October 14, 2009)
“Complex Claims Handling (in a Recession)," American Bankers Association Insurance Risk Management Annual Conference & Meetings for the Financial Service Industry, Weston, FL (January 26, 2009)
"How to Use Litigation and Alternative Dispute Resolution Methods in the Claims Process,” Arizona RIMS Chapter, Phoenix, AZ (May 14, 2008)
"Maximizing Recoveries in the Subprime Meltdown: Financial Restructuring Meets Structured Finance," Harvard Club, Anderson Kill's CLE Seminar, New York, NY (October 4, 2007)
"Insurance Update: Protecting Your Institution from Foreseeable and Hidden Liabilities," A.S. Pratt & Son's Audio Conference, New York, New York (January 17, 2007)
"Assessing the Need for Insurance: E&O, D&O and General Liability," Annual Hedge Funds Business Operations Forum, The Princeton Club, New York, New York (December 13, 2006)
"D&O Tales From The Frontlines: Investigations, White Collar, Crime, Government Watch Dogs & Insurance," The Directors Roundtable on D&O Insurance, Harvard Club, New York, New York (December 12, 2006)
"Financial Institutions-Overview of Coverage Issues," 9th Annual Policyholder Advisor Conference, Philadelphia, Pennsylvania (September 15, 2006)
"Maximizing Your Insurance Recovery: Important Issues Affecting Key Industries," Financial Institutions Breakout Session, AKO 8th Annual Policyholder Advisor Conference, New York, New York (December 13, 2005)
"Getting Your Claim Paid: Insurance Coverage for the Rogue Employee," AKO 7th Annual Policyholder Advisor Conference, New York, New York (November 5, 2004)
"Insurance Coverage for Financial Institutions," AKO Business & Financial Institutions Seminar Series, New York, New York (December 1, 2004)
"Mealey'sTM Solvent Schemes of Arrangement Conference," Mealey's Conference, The Ritz-Carlton Battery Park, New York, New York
"Prosecuting a Fidelity Claim," The Policyholder Advisor Conference, San Francisco, California
"Insurance Protection for the Next Millennium Insurance Law Conference, Insurance Coverage Nullification: How Insurance Companies Win at the Policyholder's Expense," Risk and Insurance Management Society: Singapore
"The Other Half of London - The London Market," Executive Enterprises Conference - Lloyd's and the London Insurance Market
Bar Admissions
New York
Memberships
The Association of the Bar of the City of New York, New York State and American Bar Associations, State Bar of California, American Bankers Association, Institute of Internal Auditors, and Securities Industry and Financial Markets Association.
Education
University of California, J.D.
Northwestern University, B.S.
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