IRUA’s Reinsurance Basic Syllabus Program
In 2021, the IRUA introduced “Syllabus Program” aimed at those who have just entered or who have only a few years of experience in the industry. It is intended to be a “Reinsurance Primer Series” of twelve basic topics to be offered on a rolling 2-year cycle. The first 6 topics are marked with an asterisk* and are listed in green.
A Certificate will be awarded to those participants who complete 10 out of 12 topics listed.
2023 Events Schedule
(All Sessions Being Presented Via Zoom Unless Otherwise Indicated)
A WALL STREET VIEW OF THE INSURANCE/REINSURANCE INDUSTRY WEBINAR
January 26
Seth Bair, Managing Director and Head of the Insurance Investment Banking Group at Keefe, Bruyette & Woods provided his usual excellent annual update of the financial and investment markets view of our industry.
REINSURANCE NETWORKING GROUP MEETING (RNG) IN-PERSON
March 2
Mound Cotton Wollan & Greengrass LLP Downtown NY Office
Lloyd Gura, Esq., Mount Cotton Partner & Executive Committee Member will be providing an update on the recent rise in “Sexual Abuse and Molestation Claims” and the resulting insurance and reinsurance issues, including number of occurrences/aggregation and allocation. Also, how insureds’ use of bankruptcy to resolve claims may affect carriers.
ABOUT THE REINSURANCE NETWORKING GROUP (RNG)
This is a casual education and networking group comprised mostly of attorneys, arbitrators, consultants and company claims-related people. IRUA handles all the administration and works with the organizer to arrange in-person meetings which until the COVID-19 pandemic were held several times per year. For 2023, we will again resume in-person meetings.
REINSURANCE CASUALTY UNDERWRITING AUDITS*
MARCH 29
This webinar, presented by Joseph Carney, is geared to all levels of experience in conducting casualty underwriting audits of ceding companies. Topics include pre-audit preparation, key areas of focus during the audit and wrap up strategies.
Mr. Carney is a highly experienced former casualty treaty underwriting executive who has conducted many such audits during his career. Prior to forming JEC Consultants, Inc. he served as Chief Casualty Underwriting Officer for a major U.S. reinsurer and recently concluded a multi-year consulting assignment providing underwriting expertise to an offshore assuming reinsurer. He has an exemplary record of building underwriting teams and managing substantial portfolios at such major reinsurers as Swiss Re, North Star, Prudential, Folksamerica and latterly, Gerling Global Re. He continues to offer consulting services on reinsurance underwriting and underwriting audits as well as an emphasis on providing expert litigation support to law firms engaged in dispute resolution matters. He is an experienced ARIAS-US certified arbitrator and has served as umpire or party appointed arbitrator in over a dozen matters.
IRUA ANNUAL MEETING & CONFERENCE
APRIL 17 – 19
Marriott Harbor Beach Hotel, Fort Lauderdale, Florida
REGISTER NOW for our Annual Conference featuring plenty of thought-provoking and informational technical sessions and panels as well as offering plenty of excellent networking opportunities in a great location. CLICK HERE TO REGISTER
ACTUARIAL PRINCIPLES FOR THE NON-ACTUARY*
MAY 24
This session is designed not only for the junior underwriter, broker and other (re)insurance professional, but also for the more experienced professional who is looking to increase their knowledge of basic and intermediate actuarial principles. Munich Re America’s Michael Schummer, ACAS MAAA, will explain the rating process from start to finish and show attendees what trends to look for in the analysis to better price and underwrite your risks.
Be better prepared for discussions with your actuarial colleagues!
REINSURANCE PROPERTY UNDERWRITING AUDITS*
JUNE 6
Munich Re America’s Christiane Gross and John Ferris of JC Ferris Advisors, Inc. will discuss and evaluate what are the audit goals, audit types and how to prepare for and conduct a property underwriting file audit. The webinar will address what underwriting topics you should review, how you can differentiate by portfolio and client and how you can address your findings.
THE U.S. AND WORLD REINSURANCE MARKETS*
JULY (TBD)
Lloyd’s America’s Dawnmarie Black and Pat Talley will lead a panel discussion of world reinsurance markets and current issues including how markets in London, Bermuda, Europe, Asia and the USA relate to each other.
PROPERTY UNDERWRITING FOR NON-PROPERTY PROFESSIONALS*
SEPTEMBER (TBD)
Just in time for renewal season, this webinar will give non-property professionals an overview of property underwriting. It will explore property exposures and how to differentiate by construction, occupancy and protection. The session will also address covered perils and the basics of a property policy form. This session will discuss MFL and PML concepts as we look into what amounts we expect to lose on a per risk basis, on a per occurrence basis and in the aggregate. It will also touch on pricing and accumulation aspects on a high-level basis. Our presenter is Christiane Gross, Senior Vice President at Munich Re in Princeton, NJ who is a Property Underwriting Team Lead for Facultative and Programs.
REINSURANCE STRUCTURES*
SEPTEMBER
In this webinar, Duane Hynes of Holborn Corporation will review the various forms of reinsurance, including net and gross quota share and surplus treaties in proportional reinsurance, and Risk XL, Cat XL and Agg XL treaties in non-proportional reinsurance. He will discuss why ceding companies buy these reinsurance structures as well as the differences between facultative and treaty.
AND SEVERAL OTHER PRESENTATIONS UNDER DEVELOPMENT!
Other educational topics sessions, as well as additional REINSURANCE NETWORKING GROUP meetings, co-organized by the IRUA may be added during the course of the year.
CLICK HERE
to Download IRUA’s Calendar of Upcoming Events.
SCHEDULE OF EVENTS ENDNOTES
Please note that this schedule is subject to change.
Interested in Sponsoring an IRUA Event? Contact: Jerry Wallis at jwallis@irua.org
2.15.23
