GianClaudio Finizio

GianClaudio Finizio is a director at Bayard. He concentrates his practice on bankruptcy and insolvency law, insurance law and counseling companies on mergers and acquisitions, including general corporate and business law matters. GianClaudio regularly represents debtors, official committees of unsecured creditors or equity holders, financial institutions, and publicly and privately held businesses in bankruptcy cases.
GianClaudio also focuses on insurance matters including advising insurance companies regarding compliance with state regulations and changes in ownership or control. During 2008, GianClaudio performed the duties of Deputy Insurance Commissioner for the Insurance Commissioner of Delaware. During 2010 and 2011, GianClaudio also served as counsel to the hearing officer in the matter of the proposed affiliation of Blue Cross Blue Shield Delaware, Inc. with Highmark Inc. GianClaudio is admitted to practice in the state and federal courts of Delaware.
Prior to practicing law, he served as a business analyst in Bassell USA Inc.’s Health, Safety and Environment, supporting North American manufacturing, research and development facilities in the areas of product regulatory activities, environmental, toxicological, health, safety, and industrial hygiene. While in law school, GianClaudio was a member of Basell’s law department, assisting with litigation and corporate governance matters.
GianClaudio earned a J.D., magna cum laude (co-valedictorian), from the Widener University School of Law in 2002, and graduated from the University of Delaware with a B.A. in Biology and Italian in 1994. He served as a Judicial Extern for the Honorable Jane R. Roth in the United States Court of Appeals for the Third Circuit. He is fluent in Italian

Insurance

Bayard has a long history of advising insurance companies and the regulators responsible for their supervision. Bayard’s attorneys are experienced in working with the insurance industry, both as legal counsel and as business advisors. They share with insurers, reinsurers and regulators, the benefit of their in-depth knowledge of Delaware statutes relating to insurance regulation and Delaware laws governing the formation and management of Delaware entities.
Bayard’s attorneys often serve as hearing officers, appointed by the Insurance Commissioner of the State of Delaware, or as counsel to the hearing officers. Bayard attorneys have represented the Commissioner as a receiver in an insurance insolvency proceeding in the Chancery Court of the State of Delaware and the Delaware Department of Insurance, as well as insurance companies, on licensing, ownership and control issues, both in the traditional insurance area and the evolving captive insurance field.
Bayard is a founding member of the Delaware Captive Insurance Association (“DCIA”) and Bayard’s attorneys serve on the DCIA board of directors. In the captive insurance field, Bayard comprehensive provides legal services, combining the skills and experience of its insurance, transaction and tax attorneys with those of the client’s other advisors.
Bayard’s involvement in Delaware insurance law is neither new nor academic. Two former and one current Bayard attorneys have been elected or appointed to posts within the Delaware Department of Insurance, one as Insurance Commissioner and two as Deputy Insurance Commissioners.