Former Bingham McCutchen partner to augment insurance and reinsurance practice
HARTFORD, Conn., December 1, 2014 - Day Pitney announced today that Bill Goddard has joined the firm as a partner in the Insurance and Reinsurance practice group. Bill joins Day Pitney's Hartford office following Morgan Lewis' acquisition of Bingham McCutchen, a deal that resulted in immediate conflicts for Bill and the clients he was serving. Bill's breadth of experience in insurance, reinsurance and insurance insolvency matters will have immediate benefits to Day Pitney's existing insurance and reinsurance clients. His arrival augments Day Pitney's existing Insurance and Reinsurance practice group, which is Day Pitney's fastest growing litigation practice.
"The decision to pursue other opportunities in the market was dictated by the conflicts arising from Bingham's acquisition," said Goddard. "I enjoy practicing and serving clients in the Northeast marketplace who can best utilize my experience. When I surveyed the possible firms to move to, Day Pitney was the clear winner for me. We share many common clients and, at the same time, Day Pitney offers a wonderful platform to continue my insurance insolvency practice. I am excited to be joining Day Pitney's insurance practice team and look forward to working with its existing group of well-established lawyers and contributing to the firm's ongoing success."
Bill has devoted his legal career to counseling insurance companies, regulators and creditors; helping them to solve complex problems related to financial distress, coverage and regulatory compliance. He has extensive experience in insurance mergers and acquisitions. He was recently named a "Rising Star, Restructuring and Insolvency" by IFLR1000. For the last seven years, Bill has taught insurance litigation at the University of Connecticut School of Law, where he received his JD degree while studying insurance law at the University's Insurance Law Center. He has also lectured on insurance-linked securities, insurance company insolvency and Native American gaming financial distress. He is best known for his work with clients in the FGIC, Ambac and ACA Financial Guaranty insolvencies and in a very large Native American gaming restructuring. He has written extensively on insurance insolvency issues.
"Bill is both an accretive and strategic hire for our firm. His years of industry experience will add a valuable perspective to our existing clients and introduce us to new ones," said Mike Mullins, who in March 2012 joined Day Pitney's Boston office as a lateral partner in the Insurance and Reinsurance practice group. "My integration with Day Pitney has gone extremely well and has added to the strength and breadth of Day Pitney's long-established Hartford based team. We are continuing to broaden our reach, not only across the United States but also internationally. Bill's addition serves as a natural follow-on acquisition for us and Bill will make an immediate impact on the firm with his national experience, as well as his experience in the areas of life and health insurance. He will be integral in achieving our long term goals of expanding our insurance insolvency, property casualty and regulatory capabilities."
"We are very pleased to welcome Bill to Day Pitney, he is a brilliant lawyer who is highly thought of within our firm and among the insurance bar," said Daniel FitzMaurice, an insurance partner based in Hartford and a member of Day Pitney's Executive Committee. "Bill has a breadth of industry experience and a pristine reputation. His insolvency practice will be a great addition to the firm and his regulatory practice promises to complement and create great synergies with our insurance practice capabilities. It is an exciting time for the practice and for the firm, as Bill will be joining us at the same time as the Trusts & Estates group from Bingham joins our Boston office."
Prior to attending law school, Bill was an investment banker at J.P. Morgan & Co. and at Marsh & McLennan Securities Corporation, focusing on mergers and acquisitions within the insurance industry. He also provided financial advice to companies experiencing financial distress. Bill earned his B.A. in 1981 and his M.B.A. in 1983 from Dartmouth College, and his J.D. from University of Connecticut School of Law in 2004. He is admitted to practice in Connecticut and New York. He served as law clerk to the Hon. Jon O. Newman, United States Court of Appeals for the Second Circuit. Bill and his family reside in Glastonbury, CT.
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