AI-washing – when AI hype becomes a litigation risk
Stephen (Steve) Ries
Senior Attorney Corporate & Finance
Languages
English, German
Stephen brings more than 20 years of in-house experience in the insurance industry to his practice. Prior to joining Hogan Lovells, he spent over two decades at a publicly traded insurance group, where he served as in-house counsel, including 10 years as Lead In-House Counsel. He graduated from Widener University School of Law and holds a B.A., with a minor in German, from Villanova University.
*Lead In-house counsel for a US$370m attempted insurance company divestiture, overseeing due diligence and drafting all critical legal documents.
*Lead in-house counsel for a landmark Bermuda–U.S. reinsurance merger— securing regulatory approval, returning US$250m tax-free to investors and eliminating $1.17bn in debt.
*Lead in-house counsel for redemosticaton transactions from Ireland to the Cayman Islands and from the Cayman Islands to the United States.
*Supported the acquisition of a US$394m insurance company, securing intricate regulatory approvals.
*Lead in-house counsel for an internal restructing that required numerous regulatory approvals, 22 separate transactions and countless agreements across multiple countries.
*Lead in-house counsel on divestitures of US$130m of insurance company assets, including securing regulatory approvals and drafting key deal documents
*Matter handled prior to joining Hogan Lovells.