Teresa Snider - Butler Rubin Saltarelli & Boyd LLP

Teresa Snider

Listed in Best Lawyers since 2012
Phone: 312-696-4483

Teresa is a reinsurance lawyer and has handled numerous arbitration hearings and court cases, including matters related to allocation issues, treaty interpretation, bad faith, misrepresentation and nondisclosure allegations, claim handling, issues arising out of common account excess of loss reinsurance, actuarial standards for calculating IBNR, and agency issues.  She also provides counseling on contract wording and coverage issues, assists clients in assessing their rights against insolvent insurers, and drafts commutation and settlement agreements.

She represents both ceding insurers and assuming reinsurers.

In 2011 and 2012, Teresa was recognized as a leading lawyer in reinsurance litigation by Chambers USA - America's Leading Lawyers for Business.  She was named as a leader in insurance law in The Best Lawyers in America (2012-2013).  And, in 2005 and 2009-2012, she was named as a leader in business litigation by Illinois Super Lawyers.

Teresa joined Butler Rubin in 1994 after a clerkship with Hon. Harry D. Leinenweber, U.S. District Court, Northern District of Illinois.

Teresa has arbitrated and litigated reinsurance issues of all kinds, including:

  • Representing a cedent in a dispute over treaty language governing its retention
  • Representing a retrocedent in a dispute over alleged non-disclosures in placing a retrocessional property catastrophe program.
  • Representing a cedent in disputes relating to its placement of treaties covering health care professional liability, and to its claims handling practices thereunder.
  • Representing Sphere Drake Insurance Limited in litigation and arbitration proceedings relating to disputes arising out of the reinsurance of workers’ compensation carve-out business, including disputes over the forum in which the existence of the reinsurance contracts should be decided. 
  • Sphere Drake Ins. Ltd. v. Clarendon Nat’l Ins. Co., 263 F.3d 26 (2d. Cir. 2001); Sphere Drake Ins. Ltd. v. All Am. Ins. Co., 256 F.3d 587 (7th Cir. 2001), establishing an important precedent with respect to arbitrability; both Courts ruled that the issue of an agent’s lack of authority to enter into a contract containing an arbitration clause is for the courts, rather than arbitrators, to decide
  • Sphere Drake Ins. Ltd. v. All Am. Life Ins. Co., 307 F.3d 617 (7th Cir. 2002), reversing the district court's vacatur of an arbitration award on evident partiality grounds; the Court of Appeals held that the standard of "evident partiality" adopted by the United States Supreme Court in Commonwealth Coatings for neutral arbitrators does not apply in the tripartite context to party-appointed arbitrators
  • Sphere Drake Ins. Ltd. v. All Am. Ins. Co., 2004 WL 442640 (N.D. Ill. 2004), aff’d, 103 Fed. Appx. 39 (7th Cir. 2004); Sphere Drake Ins. Ltd. v. Clarendon Nat’l Ins. Co., No. 00 CV 4336 (S.D.N.Y. 2004); and Sphere Drake Ins. Ltd. v. Lincoln Nat’l Life Ins. Co., 2006 WL 2699270 (N.D. Ill. 2006), confirming arbitration awards in favor of Sphere Drake where panels used summary proceedings to render their awards
  • Representing a reinsurer of Legion Insurance Company in a dispute over whether an insured of Legion was a third party beneficiary of the reinsurance agreement.
  • Representing cedents and reinsurers of Delta America Re Insurance Company, Transit Casualty Company, and American Eagle Insurance Company in disputes over the Liquidators’ claim determinations and ownership of reinsurance recoverables.
  • Representing the Hartford Insurance Company in numerous cases, including an arbitration proceeding in which First State recovered nearly $50 million from two of the participants on the H.S. Weavers line slip. First State et al. v. Winterthur et al., Mealey’s Litigation Report:  Reinsurance, March 22, 1995 at A-1 (confirmed D. Conn).

University of Illinois at Urbana–ChampaignBA 1989University of Michigan Law SchoolJ.D. 1992
ARIAS-USInternational Association of Insurance ReceiversWomen in ReinsuranceAmerican Bar AssociationAIRROC

Office Location

321 North Clark Street, Suite 400
Chicago, IL 60654
United States

Practice Areas

Insurance Law

Other Information

Gender: Female