Peter Ivanick

Peter Ivanick is widely recognized in the insurance industry as a vanguard of legal innovation in bankruptcy, restructuring, and insurance insolvency. His involvement in some of the most consequential insolvency matters insurers and reinsurers have faced over the last 30 years truly sets him apart.

Clients engage Peter because his advice is informed by a unique 360-degree view few of his colleagues are able to match. Not only has he represented every type of participant in Chapter 11 proceedings, including debtors, lenders, committees, indenture trustees, trustees, and examiners; he also has decades of experience advising debtors, acquirers, reinsurers, and reinsureds in state court insurance rehabilitation and liquidation proceedings.

While known for his detailed knowledge of bankruptcy litigation, Peter's forte is resolving large, complex matters through negotiation and mediation. One of the best examples is his work in the very successful confirmation of the Chapter 11 plan for Ambac Financial Group, the parent of the world's second-largest financial guarantor insurer, Ambac Assurance Corp. This long-running case required Peter to combine his Chapter 11 background with his out-of-court restructuring know-how to resolve a US$800 million internal revenue service claim. Negotiations became quite involved as Ambac Financial and Ambac Assurance had significant differences, including competing claims to the ownership of more than US$5 billion in net operating losses.

Peter also represents petitioners and other interested parties in connection with English law schemes and foreign insurance insolvencies, as they make their way through the bankruptcy court under Chapter 15. He often lectures on bankruptcy and insurance insolvency issues and is consistently included in Euromoney's Guides to Leading World and U.S. Insolvency Lawyers, among other expert guides.