About Michael
Michael Flaharty is a Managing Director at FTI Consulting and is based in New York. He is a member of the Insurance & Pension group in the Forensic & Litigation Consulting segment. Mr. Flaharty has more than 30 years of experience in insurance, reinsurance and self-insurance, focusing on Property and Casualty insurance. Mr. Flaharty’s expertise includes management consulting, strategic planning, merger and acquisitions, runoff, business resilience and enterprise risk management. He has been called upon as an expert in various insurance and reinsurance disputes.
Mr. Flaharty has been heavily involved in designing and developing insurance strategies and operational solutions, including claims processing and leakage controls; outsourcing; capital management; alternative market facilities; and insurance pooling mechanisms between U.S. and Bermuda insurers; as well as advising clients regarding insurance processing technology for claims, underwriting and operations.
Mr. Flaharty has assisted insurance company executives and management in pre- and post-acquisition requirements, including due diligence; portfolio valuations; integration; business redesign; and technology evaluation, sourcing and implementation.
Mr. Flaharty has been involved in bankruptcy, liquidation and runoff, including assisting in recovery of losses; leading the liquidation and runoff services for multiple voluntary and regulatory mandated insurance runoffs. He has also assisted the Deputy Receiver of a major specialty reinsurer and direct insurer in runoff operations planning, outsourcing and development of wind-down plans.
Mr. Flaharty provides risk management services to a variety of clients including support of risk analysis and coverage placements for specialized risk associated with several major liquidating trusts. He has also works with private equity and capital markets in risk analysis planning and alternative market solutions to support enhanced returns and achievement of strategic objectives. He has developed business continuity and disaster recovery programs for large commercial enterprises.
Mr. Flaharty has served as an expert in intellectual property disputes and, Patent and Trade Secret infringement for the insurance technology industry, as well as having provided re-examination support before the U.S. Patent office. Additional recent expert services have included subject matter expert services and testimony in an insurance coverage dispute relating to mortgage guarantee insurance programs, matters related to insurance related procurement, direct and reinsurance claims practices.
Prior to joining FTI Consulting, Mr. Flaharty was Owner and Principal of a New York based consulting practice focused on strategy and operational improvement to the insurance industry. Mr. Flaharty was also President, GAB Robins Capital Partners Consulting. Mr. Flaharty also spent 12 years as a Partner at a Big 4 consulting firm where he managed multiple insurance practice areas related to claims, insurance operations and technology. Additionally, for 10 years Mr. Flaharty was Claims and Risk Manager for a Fortune 25 holding company focusing on successor and predecessor liability, mass-tort defense programs, and environmental risk.
Associations
Xavier University, President’s Advisory Board 2007 - Present
Education
B.S., Xavier University
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Contact
T: +1 212 651 7128
mike.flaharty@fticonsulting.com -
Office
1166 Avenue of the Americas
15th Floor
New York, NY 10036
United States
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Expertise
Claims Management
Insurance Claims Analysis
Mergers & Acquisitions Advisory
Restructuring / Turnaround Services
Risk Management
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Industries