Archive (2021 June)

COULD POLITICAL RISK BE THE NEXT SOURCE OF CAT LOSS INFLATION?
June 9, 2021 ♦ 12 Noon – 1:30 pm (EST) ♦ Powered by Zoom

Presenter:
Thomas Johansmeyer, Head of PCS – a Verisk Company

PCS has noted the phenomenon that catastrophe losses seem to be getting larger and more frequent.  Mr. Johansmeyer will discuss PCS’s observations that in recent years political risk indicators, such as post-event legal and regulatory actions, have played a factor which has, and likely will, impact future insurer/reinsurer risk and capital management decisions.

The number of catastrophe events  designated by PCS®, a Verisk business™, in the United States has reached record-setting territory every year for the past five years. And the number of events reaching an industrywide loss threshold of at least US$1 billion has reached record levels in 3 of the last 4 years.

Tom Johansmeyer runs PCS, a Verisk business.  Under his leadership, PCS has expanded from North America to Japan and Asia Pacific, Latin America, and Turkey.  Tom also launched PCS’s foray into global cyber, marine and energy, terror, and large property risk losses.  Before PCS, Tom held re/insurance industry roles at Guy Carpenter and Deloitte. 

Registration Fees:
Members: IRUA corporate member professionals – $75
IRUA Individual Members: (not associated with an IRUA member company)- $75
Non-IRUA members – $95

Please Note: Before registering and if you are not sure if your company is an IRUA member, please see the “crawler” on our homepage that features all IRUA member companies.

A NOTE WHEN REGISTERING:
Registration For Members: The non-member rate is set as the default rate. You must be logged in as a member in order to receive the member rate.

First Time Registrants: If you are registering for an event for the first time and are from a member company, please email Jerry Wallis: jwallis@irua.org or Maria Sclafani: mcs@irua.org to be set up as a member so that you can log in and receive the member rate. Once logged in, the system will identify you as being from a member company and the non-member rate will automatically change to the member rate.

THE BIG TORT: WHEN EMERGING PRODUCTS LIABILITY RISKS TRANSFORM INTO NUCLEAR VERDICTS
May 26, 2021 ♦ 12 Noon – 1:30 pm EST ♦ Powered via Zoom

Arch Re Managing Director and IRUA Board member, Joshua Hackett, will discuss with Peter Dinunzio, Partner, Clyde & Co., what are the likely next drivers of toxic tort litigation; the underlying theories driving the plaintiff’s bar; known cases and their current status; and underwriting considerations for GL/Pollution/Environmental/Excess coverage forms.

Peter Dinunzio is a member of the firm’s insurance disputes practice. He focuses his practice on litigation and arbitration of complex commercial insurance and reinsurance matters. He has particular experience litigating environmental, talc, asbestos and other product liability exposures.

Peter has more than a decade of experience working with policyholders, brokers, London Market and other domestic and international insurers in this space and in relation to other latent-type insurance matters.

He is Admitted to the Bar in NY, CT and MA and holds a JD, with honors, from University of Connecticut Law School, a Masters of Public Administration, with honors, and a BA in Political Science from the University of Connecticut.

Registration Fees:
Members: IRUA corporate member professionals – $75
IRUA Individual Members: (not associated with an IRUA member company)- $75
Non-IRUA members – $95

Please Note: Before registering and if you are not sure if your company is an IRUA member, please see the “crawler” on our homepage that features all IRUA member companies.

A NOTE WHEN REGISTERING:
Registration For Members: The non-member rate is set as the default rate. You must be logged in as a member in order to receive the member rate.

First Time Registrants: If you are registering for an event for the first time and are from a member company, please email Jerry Wallis: jwallis@irua.org or Maria Sclafani: mcs@irua.org to be set up as a member so that you can log in and receive the member rate. Once logged in, the system will identify you as being from a member company and the non-member rate will automatically change to the member rate.

MANAGEMENT AND PROFESSIONAL LIABILITY
May 12, 2021 ♦ 2:00 – 3:00 PM (EST) ♦ Powered via Zoom

Join us for an update on this important and growing line of business. IRUA Board member Danny Hojnowski and Senior VP of Trans Re will provide a general overview of these classes. This will be followed by an insight into Public and Private D&O market trends and an update on E&O trends with a highlight on Large Lawyers.

Registration Fees:
Members: IRUA corporate member professionals – $75
IRUA Individual Members: (not associated with an IRUA member company)- $75
Non-IRUA members – $95

Please Note: Before registering and if you are not sure if your company is an IRUA member, please see the “crawler” on our homepage that features all IRUA member companies.

A NOTE WHEN REGISTERING:
Registration For Members: The non-member rate is set as the default rate. You must be logged in as a member in order to receive the member rate.

First Time Registrants: If you are registering for an event for the first time and are from a member company, please email Jerry Wallis: jwallis@irua.org or Maria Sclafani: mcs@irua.org to be set up as a member so that you can log in and receive the member rate. Once logged in, the system will identify you as being from a member company and the non-member rate will automatically change to the member rate.

Below is the IRUA’s preliminary 2021/2022 Calendar of Educational Events to include our webinars, conferences and our New Reinsurance Syllabus Series. Further details will be posted as they become available so come back and visit us again!

IRUA 2021/2022 Calendar of Events

REINSURANCE CASUALTY UNDERWRITING AUDITS *
February 24, 2021  ♦  12:00 pm – 1:00 pm  ♦ Powered via Zoom

Guest Speaker
Lewis Paul

This virtual seminar is geared to all levels of experience on conducting casualty underwriting audits of ceding companies.  We will cover areas including pre-audit preparation, key areas of focus during the audit, and wrap up strategies.  Your presenter has 45 years of reinsurance underwriting and executive management experience; and managed the underwriting audit team at PartnerRe for 18 years before retiring at the end of 2020.  He is now acting as a consultant on reinsurance underwriting and providing underwriting auditing services.

Registration Fees:
Members: IRUA corporate member professionals – $75
IRUA Individual Members: (not associated with an IRUA member company)- $75
Non-IRUA members – $95

Please Note: Before registering and if you are not sure if your company is an IRUA member, please see the “crawler” on our homepage that features all IRUA member companies.

A NOTE WHEN REGISTERING:
Registration For Members: The non-member rate is set as the default rate. You must be logged in as a member in order to receive the member rate.

First Time Registrants: If you are registering for an event for the first time and are from a member company, please email Jerry Wallis: jwallis@irua.org or Maria Sclafani: mcs@irua.org to be set up as a member so that you can log in and receive the member rate. Once logged in, the system will identify you as being from a member company and the non-member rate will automatically change to the member rate.

IRUA’s FIRST WEBINAR EVENT OF 2021!

A WALL STREET VIEW OF THE INSURANCE & REINSURANCE INDUSTRY
January 26, 2021  ♦   4:00 pm – 5:00 pm

Presented By
Seth Bair
Managing Director & Co-Head of Insurance & Asset Management Investment Banking
Keefe, Bruyette & Woodsw, a Stifel Company

After a break in 2020, we are delighted that we are again able to present this extremely popular session. Mr. Bair will be presenting KBW’s view on the Insurance/Reinsurance industry.  Always insightful and timely, this will be even more so in light of another year of significant claims activity and uncertainly regarding COVID -19 coverage and liabilities as well as substantial M&A activity and a high level of  natural catastrophes around the globe.  We look forward to hearing his analysis and views and the potential effects on, and prospects for, the publicly traded insurance and reinsurance market.

Seth Bair is a Managing Director and Co-Head of Insurance and Asset Management Investment Banking of Keefe, Bruyette & Woods. Mr. Bair joined KBW in 1998 and is Co-Head of the firm’s U.S.-based insurance investment banking practice. He is responsible for M&A, public and private capital raisings, mutual conversions and other investment banking services for the insurance industry.

Previously, he was an Analyst in the financial services group of Alex. Brown & Sons, covering insurance companies, depositories and REITs. He received a BA in political economy from Williams College and an MBA from the Wharton School at the University of Pennsylvania.

https://www.kbw.com/about-us/our-team/investment-banking/seth-bair/

This webinar, powered by Zoom is open to all and registration is our customary $75 for IRUA members and their employees and $95 per person for non- members.

In addition, this program can be submitted for review to the Institutes/CPCU – Risk and Insurance Management for CPCU credit.

Registration Open
Registration Fee:  IRUA Individual and Member Company personnel  – $75.00
Non-Members – $95.00

Please Note: Before registering and if you are not sure if your company is an IRUA member, please see the “crawler” on our homepage that features all IRUA member companies.

A NOTE WHEN REGISTERING:
Registration For Members: The non-member rate is set as the default rate. You must be logged in as a member in order to receive the member rate.

First Time Registrants: If you are registering for an event for the first time and are from a member company, please email Jerry Wallis: jwallis@irua.org or Maria Sclafani: mcs@irua.org to be set up as a member so that you can log in and receive the member rate. Once logged in, the system will identify you as being from a member company and the non-member rate will automatically change to the member rate.

IRUA AND LLOYD’S BRING LONDON TO YOU! LLOYD’S IN THE 2020s
November 12 & 13, 2020 – Webinar
9:00 am – 11: 00 am (EST)

Lloyd’s is rapidly changing both internationally and externally.  This special program over two mornings will feature Lloyd’s executives and reinsurance underwriters discussing both market conditions and appetites as well as how the Society is focusing on efficiencies to maximize policyholder value.  Presented in co-operation with IRUA member – Lloyd’s America Inc. and featuring Hank Watkins, Lloyd’s Regional Director and President – Americas (and past IRUA board member) in the United States and well-known Lloyd’s speakers directly from the United Kingdom.

 Registration Fees: Please note that this is a FREE event but you sill need to register as we are expecting a large attendance.

To Register: Please send an email with your name, company and business title to:  mcs@irua.org and please copy jwallis@irua.org.

INSURTECH INNOVATION AND ITS EFFECTS ON INSURANCE/REINSURANCE
November 10, 2020     12:30-1:45 p.m. Eastern Time ♦ Webinar 

This highly topical webinar will discuss the impact of InsurTech on several links within the insurance value chain including the players driving the change as well as the regulatory topics to consider when adopting the new and emerging technologies that are fueling the disruption.

Our presenters are Arlene Kern, Senior Vice President and Strategic Innovation Leader of Munich Reinsurance America and Stephanie Duchene, Esq., a Partner of Mayer Brown LLP.   Ms. Kern, is the  IRUA’s Immediate Past President and while now dedicated to the innovation space comes from an insurance/reinsurance underwriting and marketing background.  Ms. Duchene will exploring the legal implications arising from the InsurTech phenomenon.  To bring you completely current our California based experts will discuss the early signals of the pandemic’s impact on InsurTech from both the startup and regulatory point of view.

Our thanks, as always, are due to Mayer Brown LLP for their support of the IRUA and its educational mission.

Stop the Press!  CLE credit has not been applied for by Mayer Brown.  This includes multi-state credit.  Please contact Jerry Wallis at jwallis@irua.org for further details.

Registration Fees:
Members: IRUA corporate member professionals – $75
IRUA Individual Members: (not associated with an IRUA member company)- $75
Non-IRUA members – $95

THE FUNDAMENTALS OF REPRESENTATIONS & WARRANTIES INSURANCE
October 7, 2020      11.00 a.m to 12.15 p.m. ♦ Powered by Zoom

Representations & Warranties insurance is a complex solution for a complex situation. There has been a significant emerging trend in the increased utilization of M&A Reps & Warranties Insurance in corporate M&A transactions of privately held companies.  Both strategic acquirers and private equity buyers have become increasingly comfortable using this insurance product as it provides meaningful benefits to both buyers and sellers.

Hear from Nick DeMartini, Senior VP, Professional Lines  of Partner Re and the North American portfolio manager for Transactional Liability. He will provide a comprehensive overview of the product line including its benefits; scope of coverage and exclusions; and other key areas. Also covered will be the underwriting process; how R&W differs from other insurances; claims issues including the unique aspects of how claims are handled and damages are assessed.   Bringing you right up to date, Mr. DeMartini will discuss the current marketplace, including implications of the COVID-19 pandemic and some of the segment’s challenges from a global reinsurance perspective.

Registration Fees:
Members: IRUA corporate member professionals – $75
IRUA Individual Members: (not associated with an IRUA member company)- $75
Non-IRUA members – $95

Please Note: Before registering and if you are not sure if your company is an IRUA member, please see the “crawler” on our homepage that features all IRUA member companies.

A NOTE WHEN REGISTERING:
Registration For Members: The non-member rate is set as the default rate. You must be logged in as a member in order to receive the member rate.

First Time Registrants: If you are registering for an event for the first time and are from a member company, please email Jerry Wallis: jwallis@irua.org or Maria Sclafani: mcs@irua.org to be set up as a member so that you can log in and receive the member rate. Once logged in, the system will identify you as being from a member company and the non-member rate will automatically change to the member rate.