Andrew R. Evans, CFA

Andrew R. Evans is a Partner and the former Practice Chair of the firm's Mass Torts Practice. He is a CFA charter holder and a recognized expert on liability valuation, financial risk assessment, and insurance allocation. He has more than 20 years of experience providing advice and expert analysis on issues involving mass torts, (re)insurance coverage, alternative risk transfer transactions, mergers and acquisitions, and financial valuation matters.

Mr. Evans has authored expert reports and declarations and provided testimony as part of state insurance proceedings, federal bankruptcy reorganizations, arbitrations, Alternative Dispute Resolutions, mediations, and in support of corporate valuations, mergers and acquisitions, and divestitures. He has facilitated settlements in bankruptcy and coverage disputes related to asbestos, environmental losses, sexual abuse claims, medical devices, defective products, and other tort litigation with values ranging from the low millions to multiple billions of dollars. Mr. Evans also advises business, insurers, corporate boards, and other interests in strategies for seeking global resolution to their torts through various processes, including mass settlements, reorganizations, and sales.

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AB, Woodrow Wilson School of Public and International Affairs, Princeton University

SPOTLIGHTS

• Mr. Evans has earned a place on the renowned Lexology Index (formerly Who’s Who Legal) list of Insurance & Reinsurance 2024 - Expert Witnesses, which recognizes individuals who provide testimony and deliver the highest quality expertise. He draws praise for his "thoughtful and careful analysis" and impresses market commentators with his "presentation at depositions, arbitrations and hearings," Lexology Index reports. View the announcement to learn more.

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  Mr. Evans has been named by Lexology as the 2024 Client Choice Award winner for Insurance and Reinsurance Expert Witnesses in the United States. This award recognizes individuals who add significant value to clients' business above and beyond the other players in the market, and nominations can only be made by clients. One client commented that Mr. Evans’ “presence creates confidence.” View the announcement to see what other clients had to say.

• Retained as part of consulting team advising on and participating in settlement mediations on behalf of a group of automobile manufacturers regarding the scope of potential future personal injury and wrongful death claims from defective airbags in the Takata bankruptcy proceedings.  

• Retained by insurer to analyze and provide a report on settlement outcomes related to potential policy exposure associated with allegedly faulty medical implants as part of a coverage mediation. 

• Retained by insurer to analyze potential policy exposure associated with future asbestos claims in the tort system and under a potential bankruptcy trust as part of a coverage mediation. 

• Provided due diligence evaluation and co-authored report for a client engaged in a bidding war for an acquisition target with potential long-tail liability risks.  

• Authored expert reports and provided deposition testimony addressing the allocation of a multi-million dollar insurance claim related to an agricultural ground water pollutant.  

• Authored expert reports and provided deposition testimony addressing inconsistent treatment of conceptually related insurance allocation issues as part of a dispute regarding MTBE ground water pollution.  

• Co-authored expert report and provided expert testimony regarding the sufficiency of the proposed aggregate product liability claim settlement on behalf of the settling insurers In re Blitz USA Inc. 

• Authored declaration and served as lead consulting expert on behalf of the Debtors In re Specialty Products Holding Corp., et al.  

• Co-authored due diligence report regarding potential legacy liability costs for a law firm’s corporate client evaluating restructuring opportunities. 

• Authored expert report and served as the allocation expert for an insurance company dealing with remediation costs across multiple environmental sites that could be subject to numerous potential legal rulings and estimated future loss scenarios.  

• Advised insurers in reinsurance ADR proceedings on issues related to asbestos products’ usage that could impact performance of reinsurance treaties. 

• Assisted a Fortune 500 company with the acquisition of after the fact insurance, similar to a liability portfolio transfer, covering the financial risk arising from thousands of asbestos claims.  

• Evaluated potential damages and investment returns for third-party litigation funders on numerous cases dealing with issues, including mass environmental loss, qui tam tax claims, fraudulent conveyance, international contract arbitration, price-fixing, patents, and mortgage-backed securities and other collateralized debt obligations.

• Played a key role in the development of new methodologies for disaggregating and identifying the drivers of legacy liability losses used to determine the impact of punitive damage awards as well as the portion of settlements driven by liability, as opposed to other considerations.