Agenda

Marine Insurance Americas

etc. venues 601 Lexington Ave, 30th April 2024

All Times are in EDT

07.45-09.00

Registration and Refreshments sponsored by TBC

08.55-09.00

Welcome Address:

Grant Attwell, Managing Director, Cannon Events

09.00-09.30

Keynote Address:

 

Presenter:

09.30-10.10

Panel Discussion: Running Out of Water – Climate Change Becomes Reality

As the water supplying the Panama Canal dries up, the marine market is questioning whether this is a temporary event, or something more permanent. Whichever way it falls, there are serious, immediate concerns around supply chain. Vessel owners are choosing between waiting in a long queue or re-routing. Neither option is good for a sector that it trying to decarbonize, as this session examines.

Moderator:

Pannelists: Frank Gonynor, Senior Claims Adviser/Lawyer, Gard North America

10.10-10.50

Panel Discussion: Where’s the Competitive Advantage in Technology?

All firms have some sort of technology on board, leading to the question of how companies can gain competitive advantage through their use of technology. This session will explore the emerging technologies, and discuss how companies can use these to their advantage.

Modertor:

Pannelists:

10.50-11.20

Cofffee and Networking in the Pre-Function Area

11.20-11.40

Presentation: Changing the Rules – The Ocean Shipping Reform Act 2022

These new rules followed disputes between container carriers and US companies. This session will explore how this new Act is working in practice, and answer whether or not it has changed market practice in the expected way.

Presenter:

11.40-12.20

Panel Discussion: How to Interpret the Rules, and How to Settle through Arbitration?

Arbitration is a necessarily closed-doors affair, but how does the marine market learn from these cases and understand how to interpret the rules in the future? This session looks at recent arbitrated cases that have come into the spotlight, and at the trends for both mediation and arbitration.

Modertor:

Pannelists:

12.20-13.00

Panel Discussion: Inching Upwards – Coverage Creep

After several years of a hard market, this sessions asks whether there are signs of a softer period ahead. It appears there are signs of coverage creep, heralding a new market cycle. We ask what that means for the market in the year ahead. Is it simply about terms and conditions, or are rates and deductibles changing, too?

Moderator:

Pannelists:

13.00-14.00

Lunch and Networking in the Pre-Function Area

14.00-14.20

Presentation: Red Sea Insurers Wary of Transit Risks

With insurers pulling certain war risk cover for Red Sea transits, this session will take a look at the latest state of play for the region and will ask whether the market is responding adequately given the risks involved for vessels. With the situation unlikely to be resolved quickly, we ask whether there might have to be a change from the standard approach.

Presenter:

14.20-14.50

Fireside Chat: Time for a Revamp? Marine Warranties Under Scrutiny

Marine warranty surveys are standard fare, but the question that is being asked more often these days is whether it is time for a revamp? This session will explore whether marine warranties are still fit for purpose, resulting in claims being settled promptly and adequately. We will consider what is being missed in current processes, and what could be improved.

Participants:

14.50-15.30

Panel Discussion: All Change – New Leaders Changing the Shape of Latin American Markets

A series of elections and shifting political stances across Latin America have changed the mood of the marine markets. This session will analyze the new atmosphere, and what that might mean for marine insurers operating out of the US into the region, particularly with the ever-shifting sanctions regimes.

Moderator:

Pannelists:

15.30-15.50

Coffee and Networking in the Pre-Function Area

15.50-16.20

Presentation: The Weapon of Choice – Sanctions

For the past few years, the US and Europe in particular have made sanctions their weapon of choice in the face of conflict. Today, there are US sanctions applying all across the world, and they change almost daily. This session will take a brief look at the ever-changing sanctions regime, and the geo-political environment in which they sit, from Black and Red Sea tensions to China and beyond.

Presenter:

16.20-16.40

Presentation: The Risks of Off-Spec Fuels Escalate

As different fuels emerge in the race towards decarbonization, there is a real risk of a rise in the use of off-spec fuels. Not only technically are ships becoming more complicated, but when something goes wrong, it is even harder to find a salvor able to deal with the consequences. In this session, we question how serious this risk is, analyzing the potential impact for salvors and the wider marine community, including its insurers.

Presenter:

16.40-17.00

Presentation: What Does Safe Look Like? The Latest on Lithium Batteries

After the International Union of Marine Insurers said last year that lithium batteries were safe to carry by sea, there was an immediate reaction from the market. The answer, it seems, is not a clear cut yes or no but a more nuanced one. Batteries are safe, but only when not mislabelled, undamaged or manufactured with care. This session takes a wider look at the reasons behind the fires.

Presenter:

Cannon Events Ltd reserves the right to amend the program and is not responsible for cancellations due to unforeseen circumstances. Cannon Events Ltd accepts no responsibility for statements made orally or in written or digital material distributed by any of its speakers at its conferences or virtual events. In addition, Cannon Events Ltd is not responsible for any copying, republication or redistribution of such statements.

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