Edward P. Krugman

Edward P. Krugman

Edward P. Krugman

Senior Counsel

212.701.3506 PhonevCard
212.378.2233 Fax
ekrugman@cahill.com

Cahill Gordon & Reindel LLP
80 Pine Street
New York, NY 10005-1702

Practices

Education

  • City College of New York, B.S., 1971
  • New York University, Ph.D, Mathematics, 1975
  • Yale Law School, J.D., 1978, Note Editor, Yale Law Journal
  • Clerkship/Government Service

    • Honorable Irving R. Kaufman, then Chief Judge of the United States Court of Appeals, Second Circuit, 1978-1979

    Admission

    • New York

Edward P. Krugman is Senior Counsel in Cahill Gordon & Reindel LLP's insurance litigation and commercial litigation practice groups. 

Ed has successfully litigated in areas ranging from contested takeovers to securities fraud to reinsurance coverage in state and federal courts throughout the country, at trial and on appeal.  He has thirty years of experience litigating and structuring transactions in insurance and reinsurance and has represented ceding companies and reinsurers in hundreds of contested reinsurance matters, often involving massive financial exposure.

Ed represents ceding companies and reinsurers in arbitrations and litigations involving every aspect of reinsurance coverage and has represented insurers in direct coverage matters involving aggregate exposure in the billions of dollars.

He has been a faculty member at ARIAS and Mealey's Reinsurance conferences and has advised on and litigated numerous other matters concerning the business of insurance and the business of insurers, including insolvency, MGA relations, bad faith, complex coverage issues, antitrust issues, and various governmental and regulatory investigations. He serves on the Ethics Discussion Committee of ARIAS.

Described as “brilliant,” “absolutely first-rate,” and “a go-to person” by Chambers USA, Ed has been shortlisted for the “Chambers 100 USA”, a single list, across all disciplines, of the country’s 100 top business lawyers.  He is one of only five United States insurance and reinsurance lawyers named in Euromoney's worldwide The Best of the Best Expert Guides.

Ed is a director of the National Center for Law and Economic Justice and the Gay Men’s Health Crisis.

  • Successfully represented an insurer in disputes in New York Supreme Court and before regulators arising from the termination of a managing general agency involving more than $1 billion in premium.
  • Obtained on behalf of a ceding company a determination of the New York Appellate Division that follow settlements applies to coverage-in-place agreements.
  • Defense counsel for insurer in a putative class action in Alabama State Court alleging a $3.2 billion fraud in connection with the settlement of prior class and derivative litigation.
  • Acted as special appellate counsel in the Third Circuit to a facultative reinsurer in successful prosecution of an appeal and defense of a cross-appeal involving Bellefonte and notice-of-loss issues.
  • Acting as special appellate counsel in the Second Circuit in two separate appeals by ceding companies of dismissals of facultative reinsurance claims on late notice grounds.
  • Obtained rescission of two separate trade credit policies based upon submission of fraudulent claims.
  • Representing a political risk insurer in connection with an asserted expropriation by Mexico.
  • Defeated (after an 18-day arbitration) a claim under a political risk insurance policy involving the alleged expropriation of a power plant in Inner Mongolia.
  • General representation of an issuer of large-limit pollution legal liability/clean-up policies in numerous claims aggregating in excess of $1 billion.
  • Represented ceding companies in uncovering and prosecuting a $40 million theft of fiduciary funds by a reinsurance broker (subsequently imprisoned) and the related civil and reinsurance recoverable proceedings.
  • Obtained summary judgment defeating a claim for rescission of a reinsurance contract whose $50 million aggregate limit had fully attached.
  • Acted as global coordinating counsel for affiliated insurers on hundreds of millions of dollars in film finance insurance claims, including handling and/or supervising insurance, reinsurance, and RICO litigation and arbitration in the United States, the UK, Europe and Australia.