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Topic A Game of Chance: Insurance and the Concept of Fortuity
Speaker(s) Richard H. Nicolaides, Jr. and Monica T. Sullivan

Date / time
06/05/2026
1:00 pm - 2:00 pm


IN-PERSON EVENT AT LLOYDS OLD LIBRARY

Commercial insurance products are designed to cover the wide range of risks to which businesses operating in diverse industries around the world are exposed. While the scope of coverage under insurance products may differ, all insurance is predicated on the concept of “fortuity” – the idea that insurance covers risks resulting from chance events. This presentation will address fortuity in contexts ranging from manufacturing defect lawsuits to terrorist funding lawsuits, as well as in relation lawsuits arising from emerging risks such as climate change, opiod sales, and gun violence.

Our Speakers:

Richard H. Nicolaides, Jr.
Nicolaides Fink Thorpe Michaelides Sullivan LLP

Richard Nicolaides’ practice is focused exclusively on the complex business and legal issues of the global insurance industry. Richard works with insurers in Bermuda, London, Tokyo, and the U.S. to evaluate insurance coverage issues and resolve insurance coverage disputes involving risks under a variety of insurance products. He represents his clients in federal and state trial and appellate courts, as well as before arbitration panels, across the U.S. and abroad. Richard is a Senior Lecturing Fellow at Duke University School of Law. In addition, he serves as the president of AIDA US, the US chapter of the Association Internationale de Droit des Assurances (the International Insurance Law Association) and frequently lectures on emerging risks and other insurance-related issues.

Monica T. Sullivan
Nicolaides Fink Thorpe Michaelides Sullivan LLP

As managing partner and chair of the Executive Committee, Monica Sullivan oversees Nicolaides Fink Thorpe Michaelides Sullivan LLP’s operations and strategic direction. In addition to her leadership role, she maintains an active insurance coverage practice focused on litigation and arbitration, advising an international client base on a broad range of matters. Monica’s diverse experience includes counseling clients on claims administration and policy analysis, as well as representing them in complex disputes involving commercial general liability, managed care and healthcare, and professional liability matters. She also brings extensive experience to the Bermuda market, having served as U.S. claims counsel to Bermuda insurers for over 30 years. In this capacity, she has managed arbitrations both domestically and internationally.

Important – For admittance to Lloyd’s, please make sure to bring along your Lloyd’s pass if you have one or photo ID (driving licence, passport or work ID with company logo and full name).

We look forward to welcoming you to The Old Library, Lloyd’s Building, 1 Lime Street, London, EC3M 7HA.

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