Agenda

 

All times are in Eastern Standard Time (EST)

 

Tuesday 1st June

 

09.55-10.00

Delegates Join Online Meeting Using Credentials Provided at Registration

10.00-10.55

Pre-Conference Focus Session: Cargo on Slow Turn to Profit?

According to the International Union of Marine Insurance, it appears the cargo insurance market is on the turn towards profitability, with signs that loss ratios are slowly improving. This session looks at the current state of the cargo insurance market and at the likely changes in the months ahead.

Moderator:

Panelists: Rodrigo Amengual, Marine and Casualty Head – LatAm, Zurich Insurance

Bill Keogh, Senior Advisor, Concirrus

David Fowler, Divisional Vice President, Great American Group

10.55-11.00

Welcome Address: Daniel Creasey, Managing Director, Cannon Events

11.00-11.40

Keynote Address: The State of the Market and the Latest Trends in the Marine and Specialty Classes of Business

 

Presenter: Jon Hancock, Chief Executive Officer – International General Insurance, American International Group, Inc.

11.40-11.45

Address: An Introduction to ALSUM

ALSUM aims to improve marine underwriting standards in Latin America by way of knowledge dissemination (information, discussions and education) and using the professional practices of the most advanced markets worldwide as reference, without neglecting the reality of the Latin American business environment.

Presenter:  Xavier PazmiñoPresident, ALSUM

11.45-12.45

Panel Discussion: Current Market Dynamics: Matching the Economics to the Risks

As the marine market hardens across the Americas, premium versus claims inflation is, as ever, a focal point. This session looks at how both the North and Latin American marine markets are adapting to a new operating environment. In the North, companies are de-risking and cutting lines. To the South, insurers are faced with increasing risks. A lack of market experience is emerging as a major problem across the Americas.

Moderator: Michael Pellegrini, Managing Director, North American Practice Leader, Marsh JLT Specialty

Panelists: Sean Dalton, Executive Vice President , Head of Marine North America, Munich Re 

Michael McKenna, Chief Underwriting Officer Global Specialty, The Hartford

Brian Murphy, Senior Vice President, Berkley Offshore

Xavier PazmiñoPresident, ALSUM

12.45-13.15

Networking Break

13.15-14.00

 

 

Panel Discussion: Covid-19: Impact Rippling Across Marine Market

The impact of Covid-19 continues to rumble across the world unabated. In the United States, the new president has pledged to bring the pandemic under control, but what has and will be the impact going forward for the marine market? This session considers the challenges for the whole of the Americas including ships sent to unexpected places, authorities not wanting ships to dock, and welfare issues for crew who have been stranded on board or who are suffering with Covid-19. The impact is spreading to cargo lines, freight, demurrage and defence, and now also to ship building.

Moderator:

Panelists: Richard Max Adler, Key Client Broker and Chief Commercial Officer, Atlantic Insurance and Reinsurance Brokers

Michael Venturella, Practice Leader – Marine Group, Envista Forensics

14.00-15.00

Roundtable Sessions and End of Day One

 

 

Wednesday 2nd June

 

09.55-10.00

Delegates Join Online Meeting Using Credentials Provided at Registration

10.00-11.00

Pre-Conference Focus Session: What’s in the Box?

Cargo insurers may slowly be returning to profit, however, claims still arise in certain areas. This session will look at everything from cargo theft to misdeclaration. It will consider new risks, such as carrying Covid-19 vaccines, but also older risks such those around warehouses, where hidden dangers continue to dog the claims landscape, and insurers faces serious accumulation risk.

Moderator:

Panelists: Ian Lennard, President, National Cargo Bureau

Charlie McCammon, Vice President – Risk Consulting, Willis Towers Watson

John Miklus, President, American Institute of Marine Underwriters

11.00-11.05

Welcome Address: Daniel Creasey, Managing Director, Cannon Events

11.05-12.00

Panel Discussion: Making Technology Pay

New technology is hardly new these days, but the use of technology is becoming ever more innovative in terms of marine insurance. This session looks at the different ways technology can benefit the relationship between insurer and insured, through more precise pricing, greater transparency on data, and the development of dashboards to follow the trends and changes. It also considers the evolution of blockchain and potential developments in that arena.

Moderator: Matthew Yeshin, Managing Director Marine, Logistics and Transportation North America, Marsh JLT Specialty

Panelists: Bill Keogh, Senior Advisor, Concirrus

Juan Carlos Martinez, Chief Executive Officer, Cargo Risk Corporation

Ronny Reppe, Chief Executive Officer, Noria Digital

12.00-12.45

Panel Discussion: Cyber Criminals Looming Large

Cyber criminals were quick to take advantage of the chaos created by the Covid-19 pandemic to strike at the heart of business. However, the marine insurance sector continues to work hard to combat the cyber-attackers and improve its own security, as well as that of its’ insureds. This session reviews the risks and opportunities for insurers, and takes a look at the requirements from the International Maritime Organization (IMO) that make cyber security part of safety management, with serious consequences for any failures. The session will consider the risks of a major breakdown in the global supply chain, and consider what cyber underwriters can do to limit their exposure to ransomware policies.

Moderator:

Panelists: Elisabeth Case, Managing Director, Marsh JLT Specialty

Rob Dory, Chief Executive, Astaara

Lars Benjamin Vold, Managing Director, NORMA Cyber

12.45-13.15

Networking Break

13.15-14.15

Panel Discussion: Sustainability: How Green Can We Go?

Increasingly, all business interests are realising the absolute necessity to adopt greener principles. The Poseidon Principles and the Sulphur Cap are just two examples of concrete moves to become more sustainable, but what does this mean for marine insurers? Will there be a shift in trading patterns, cargoes carried or new demands relating to pollution? Indeed, can all insurers afford to support sustainability goals? Who will support smaller insurers? This session discusses the growing list of questions for both insurer and insured as the shipping sector changes its stance.

Moderator:

Panelists: Frank Gonyor, Senior Claims Advisor/Lawyer, Gard (North America) Inc.

Mike Unger, Director, Britannia Americas P&I LLC

Peter Malinowski, Executive Director, Billion Oyster Project

14.15-15.00

Roundtable Sessions and End of Day Two

 

 

Thursday 3rd June

 

09.55-10.00

Delegates Join Online Meeting Using Credentials Provided at Registration

10.00-11.00

Pre-Conference Focus Session: A Fresh Wind Blowing Through?

The Biden-Harris Administration looks set to move forward with ambitious plans to develop its offshore wind industry. What does this mean for marine insurers in North America?

Moderator:

Panelists: Ian Duthie, Director, North of England P&I Club

Dennis Smith, Vice President Global Marine and Energy Specialty, Guy Carpenter

Bin Wang, Senior Underwriter, Norwegian Hull Club

11.00-11.05

Welcome Address: Daniel Creasey, Managing Director, Cannon Events

11.05-11.55

Panel Discussion: Catastrophe – A Stormy Outlook

Whatever the debate on climate change, 2020 proved to be the warmest year on record spawning large numbers of hurricanes, many of which made land. In addition to that, the risk of floods, storms and other extreme weather events also appears to be on the rise. For marine insurers, the risks extend beyond the event itself to entire supply chains. This session considers some of the procedures that can help better assess risk and also reduce exposure in a more uncertain world along the entire marine chain.

Moderator:

Panelists: William Cho, Head of Weather, MatthewsDaniel

Bill Lang, Chief Underwriting Officer, Starr Marine

11.55-12.45

Panel Discussion: Loss Prevention – Reducing the Numbers

While large losses have been on the decline for marine insurers, smaller, attritional losses continue to beset the market. This session looks at the developments in mitigation tools for both insurers and insureds. These include better data and better transparency around claims as they emerge, improved weather alerts and near-miss information, and transparency on major cyber attacks.

Moderator:

Panelists: John Dolan, Deputy Loss Prevention Director, The Standard Club

Dr. William Moore, Global Loss Prevention Director, The American Club

12.45-13.15

Networking Break

13.15-13.45

One to One Discussion: International Group of P&I Clubs

 

Participants: Martin Cook, Divisional Director – Marine, Ed Broking

Paul Jennings, Chief Executive Officer, North of England P&I Club, Chairman, International Group of P&I Clubs

13.45-14.30

Panel Discussion: Smuggling and Fines

Protecting their vessels against drug traffickers can become a full-time job in certain parts of Latin America, as drug smugglers find innovative ways to smuggle their illegal cargoes via commercial shipping. For ship owners, the costs of preventative measures can be enormous, however the cost to both owners and their insurers of carrying an illegal cargo are even higher and can vary from crews being arrested and jailed and ships stuck in port to fines, as well as penalties for the ship owner. This session uses some recent cases as examples of what can go wrong, what can be done correctly and how insurers can support their clients.

Moderator: Jason Waguespack, Managing Director, Galloway, Johnson, Tompkins, Burr & Smith

Panelists: Claudia Botero-Gotz, Senior Lawyer, Gard

Ruby Hassan, Senior Claims Executive, Skuld

Leanne O’Loughlin, Regional Director Americas, Thomas Miller (Americas) Inc.

14.30-15.30

Panel Discussion: Social Inflation – Feeling the Pain, Fuelling the Claim!

Panel Discussion: The Underwriter of the Future

While claims costs may officially be limited to physical costs, there has been a growing trend towards inflated claims resulting from an emotional response to the event. Covid-19 appears to have accelerated this trend, which has been pushing the cost of claims ever upwards. Added to this, third party costs are also increasing the size of the claim. This session explores the ramifications of this trend in terms of excess liabilities and litigation risk, and discusses whether this trend is fuelling the hardening marine insurance market.

Big data, internet of things, blockchain, artificial intelligence, machine learning, asset tracking, etc…. In last few years we have heard, almost on a daily basis, these terms both in general and also applied to our marine insurance industry. But, how exactly will the advent of these “new technologies” impact the role of the marine risk underwriter?

 

Moderator: Frederick W (Billy) Swaim III, Director, Partner, Galloway, Johnson, Tompkins, Burr & Smith

Panelists: Tony Cowie, Senior Vice President, Head of Ocean Marine, Swiss Re America Corporation

Moderator: Maria Fernanda Alonso, Vice president, Swiss Re andPresident, Alsum Cargo Committee

Panelists: Daniel Revilla, Regional Head Latin America and the Caribbean, Lloyd’s of London

Axel Trauttenmiller, Aon Re

15.00-16.00

Roundtable Sessions and End of Conference

 

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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