IFNY Vice President
Huhnsik Chung is a Shareholder at Carlton Fields in New York City . As a sought out advisor for his deep understanding of the insurance sector, Huhnsik represents clients in complicated insurance and reinsurance matters. He provides insurance regulatory, licensing, structuring and transactional advice to insurance industry clients on M&A, investments, InsurTech, captives, ILS and new product development. In the FinTech space, Huhnsik has also been immersed in blockchain development and deployment through token sales in his representation of accelerators, exchanges, sponsors, investors and developers in the US and abroad.
Huhnsik is also regularly called upon to resolve complex commercial disputes arising from the business of insurance. His advisory and litigation practice focuses not only on the commercial markets, but also on the energy sector with an emphasis on oil and gas companies and utilities insured through industry mutual and captives. Those matters have involved significant first and third-party losses arising from wear and tear to major disasters and catastrophes involving oil rigs and platforms, risers, tankers, pipelines, blowouts, explosions, wildfires, mining disasters, war and terrorism, toxic torts and pollution. He also represents insurers, reinsurers and investors in matters related to catastrophe bonds, media and telecom, privacy and cyber security, financial institutions and D&O, R&W, medical devices, professional services, fidelity, surety and payment bonds, financial guaranty, life, health, disability and aviation.
Huhnsik has been recognized by Super Lawyer, The Legal 500 and Lawyer’s of Color as the Nation’s Best. He is Chair of the firm’s FinTech and P&C Insurance Regulatory and Transactional Practice Group and CEO of the firm’s consultancy delivering in one-stop FinTech, Blockchain and Insurance business solutions. He was also Chair of Baker & McKenzie’s North America Insurance Practice and Managing Partner of Locke Lord’s New York Offices (and Edwards Wildman Palmer before the merger). Huhnsik serves on the Board of the Asian American Legal Fund of New York, and Advisory Board of the Asian American Bar Association of New York.