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Andrew R. Evans chairs Bates White’s Environmental and Product Liability Practice. He is a CFA charter holder and a recognized expert on legacy liability valuation, financial risk assessment, and insurance allocation. He provides advice and expert analysis on issues involving mass torts, (re)insurance coverage, alternative risk transactions, mergers and acquisitions, and financial valuation matters related to distressed operations and restructurings.

Mr. Evans has authored expert reports and declarations and provided testimony as part of state insurance proceedings, federal bankruptcy reorganizations, Alternative Dispute Resolution (ADR), and in support of corporate valuations, mergers and acquisitions, and divestitures. He has facilitated settlements in coverage disputes related to asbestos, environmental losses, and other toxic tort litigation that involved the retirement of several billion dollars in total available coverage limits. Mr. Evans also advises insurers, investors, and corporate strategists in litigation funding, and has particular expertise in risk management through the use of “ring-fencing” and hedging structures.


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

Selected Work

Selected Experience

  • 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. 

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