Frank Alerte, a former executive insurance counsel at the U.S. Federal Reserve, Guy Carpenter, and BB&T, has joined the law and governmental consulting firm of Colodny, Fass, Talenfeld, Karlinsky, Abate & Webb as an insurance consultant in its insurance regulatory division.
Mr. Alerte will be based at the firm's Ft. Lauderdale office.
Licensed to practice law in New York, Mr. Alerte will provide clients with insurance consulting and insight on Florida's complex insurance regulatory environment.
“Clients confronting the challenges of Florida's complex insurance regulatory environment will benefit immensely from Mr. Alerte's vast experience,” firm managing partner Mike Colodny noted. “We welcome his personal zeal for the intricacies of regulatory law, which philosophy reflects the fundamentals of our firm.”
With more than 25 years of legal experience in insurance and reinsurance regulatory law, litigation, corporate matters, risk management, and claims advocacy services, Mr. Alerte is experienced in obtaining licenses for insurance companies, agents, and producers, and has defended brokers in administrative actions and audits initiated by insurance departments.
Most recently, Mr. Alerte held the position of vice president and assistant general counsel of BB&T's legal department, for which he provided legal support for the bank's property and casualty wholesale operations. In this role, he was responsible for all legal matters confronting those operations, and managed all errors and omissions claims and contractual issues.
While at Guy Carpenter, an international reinsurance broker, Mr. Alerte headed its contract department, where he was responsible for drafting insurance policies, reinsurance contracts, placement slips, and managing general agency agreements and best practices compliance and operating manuals for insurance brokers. He also has conducted due diligence for insurance-related mergers and acquisitions, and reviewed insurance products for regulatory compliance.
For the Federal Reserve Bank of New York, he handled insurance supervisory-related issues and provided legal advice on the Gramm-Leach-Bliley Act.
Mr. Alerte is admitted to practice in the Southern and Eastern New York federal district courts. He represents clients and companies at industry functions such as meetings of the National Association of Insurance Commissioners, Council of Insurance Agents and Brokers (“CIAB”), Surplus Lines Law Group, and the Brokers and Reinsurance Markets Association. He recently chaired the legal counsels' committee of the CIAB.
Mr. Alerte received his Bachelor of Arts degree in government from Harvard University and earned his Juris Doctor from the New York University School of Law.

