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Peter F. Clancy



130 E. Randolph St.
Suite 3900
Chicago, IL 60601
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Fax: +13129855547
J.D., Loyola University Chicago School of Law, Chicago, Illinois, 1984
A.B., with Honors, Harvard College, Cambridge, Massachusetts, 1980, History
State Bar Licenses
Court Admissions
Supreme Court of Illinois
U.S. District Ct., N.D. of Illinois Trial Bar

Peter F. Clancy


Peter Clancy counsels European, Bermudian and US insurers and reinsurers with respect to North American healthcare liability risks.

His experience advising clients regarding insurance coverage spans a variety of contexts and includes preparation of coverage opinions in individual cases, drafting of reservation of rights letters and declination letters, and providing advice during policy drafting process.

Peter supports the management of high exposure cases by working with the Insureds and their counsel to develop defense strategies, recommending appropriate experts to address standard of care, causation and damages issues, and participating in settlement negotiations.

He also supports the underwriting of new and existing accounts through risk assessment audits. These entail a review of pertinent legal environment both in terms of applicable law as well as trends in settlements and verdicts, an assessment of risk management and claims management practices, and commentary on the adequacy of case reserves.

Federation of Defense & Corporate Counsel
Professional Liability Underwriting Society
American Society of Healthcare Risk Management
Presenter, “Liability Claim Trends: Medical Malpractice, Managed Care, and Life Sciences” Liberty Specialty Markets, Hamilton, Bermuda (September 2019)Panelist, "Employees Gone Wild," Cayman Captive Forum, Grand Cayman (December 2017)Panelist, "A Proactive Look at Tort Reform in Florida," Aon Risk Solutions, London, England (September 2015)Panelist, "Claim Trends: Where Have We Been, Where Are We Going, and What Does the Future Hold?" Chicagoland Healthcare Risk Management Society’s (CHRMS) 2015 Annual Meeting, Chicago, IL (April 2015)Co-Presenter, "Current Claim Trends in Medical Malpractice," Bermuda Society for Healthcare Risk Management, Ltd., Bermuda (May 1, 2014)Co-Presenter, "The Cure is Worse than the Disease: Liability Exposure Risks to Professionals (in Post-Obamacare and Post-Dodd-Frank America)," London, England (May 2012)Presenter, "Current Medical Malpractice Claims Issues in the U.S.," Swiss Re Academy (October 2010)Presenter, "Obstetrics Claims: The Excess and Reinsurance Perspective," Johnson & Bell. Health Law Seminar, Chicago (May 2010)Co-Presenter, "Healthcare 2010: Year in Transition," Bermuda Society for Healthcare Risk Management, Hamilton, Bermuda (February 2010)Co-Presenter, "Healthcare Claims from the Excess Perspective," Bermuda Insurance Institute, Hamilton, Bermuda (November 2008)Co-Presenter, "Never Say Never Again - 'Never Events' and Their Impact on Hospital Clients," Bermuda Society for Healthcare Risk Management, Hamilton, Bermuda (October 2008)Presenter, "Healthcare Liability Claim Trends," Allied World Health Assurance Company's Healthcare Forum (April 2008)Presenter, "When Bad Events Happen, What Should You Do?" OneBeacon Professional Partners National Client Education Forum (October 2007)Presenter, "Medical Malpractice: Too Soon to Get Back Into the Water?" Sedgwick's 19th Annual London Insurance Seminar (October 2006) & Sedgwick's Fourth Annual Hot Topics Seminar for the Bermuda Insurance Market (October 2006)Presenter, "Setting Case Reserves: Art or Science?" Virginia Solutions Insurance Company, Risk Management Workshop (May 2006)Presenter, "How Do We Manage Risk in the New Reality?" Health First, Inc., Leadership Retreat (May 2006)Presenter, "Managed Care Organizations and Their Liability Exposures," 36th Annual RIMS Conference and Exhibition (April 1998)
Practice Areas
Insurance & Reinsurance