Agenda

8.00

REGISTRATION AND MORNING COFFEE

8.45

WELCOME AND OPENING REMARKS

Jereme Ramsay, Interim Head of Business Development, BERMUDA BUSINESS DEVELOPMENT AGENCY
Hon. David Burt
, JP, MP, Premier, Government of Bermuda

9.00

KEYNOTE – SHAPING UP FOR A NEW MACROECONOMIC ENVIRONMENT

  • General overview of the global economy
  • How are the current macroeconomic trends affecting the global insurance and reinsurance market?
  • General state of the market in Bermuda and expected changes in the next 5 years

Speaker:

Yue Ma, Chief Economist / Head of Economic Unit, Global Credit and Surety, QBE NORTH AMERICA 

9.30

REGULATORY PANEL DISCUSSION: HOW HAVE THE LATEST REGULATIONS CHANGED THE INDUSTRY AND HOW CAN WE BE BEST PREPARED FOR NEW ONES?

  • Quick overview of the regulatory and legislative updates that took place this year and how they impacted on the Bermuda re/insurance industry
    • BEAT tax
    • Initial Coin Offering Legislation
    • Digital assets regulatory framework
  • How are insurers planning for the upcoming new regulations?
  • Is your business prepared for the PIPA implementation? What are the lessons learnt from GDPR in Europe?
  • How do businesses maintain control over their data security?
  • Discussing BMA's views on the upcoming changes to the capital framework
  • Understanding the importance of governance and control – tackling the rising regulatory burden; What is the right balance of governance? Who should govern the companies in Bermuda which have a parent company in another country?

Panellists:

Stephen Weinstein, Group General Counsel and Chief Compliance Officer, RENAISSANCE RE
Ted Nickel
, Commissioner of Insurance, STATE OF WISCONSIN, NAIC Most Recent Past President
Susan Molineux
, CPA, Associate Director, AM BEST
Ricardo Garcia
, Chief Actuary, Bermuda Monetary Authority
Anna Sweeney
, Director of Insurance Supervision, Prudential Regulation Authority

Moderator: Chris Cundy, Managing Editor, InsuranceERM  

10.15

PRESENTATION – HOW A GOOD RISK MANAGEMENT FRAMEWORK CAN GIVE YOU A TANGIBLE RETURN

Speakers: 

Dr Wendy Mathie, Product owner for ReMetrica, Aon
Séadna Kirwan, Risk Advisory Director, Aon

 

10.45

MORNING COFFEE BREAK AND NETWORKING

11.15

PRESENTATION: GROWTH OF THE LIFE INSURANCE MARKET IN BERMUDA

  • A comparison of the life insurance market in Bermuda to other countries
  • What is fuelling the growth of the life insurance market in Bermuda?
  • How does the general insurers' move into life insurance change the shape of the industry in Bermuda?
  • What are the opportunities and risks?
  • ILS in the Life Industry in Bermuda
  • Capital Structures for Life – how do you marry different capital to the life re/insurance

Speaker: Thomas Olunloyo, CEO, LEGAL AND GENERAL RE

11.45

PANEL DISCUSSION: DISCUSSING THE LATEST TRENDS AND MARKET CHANGES

  • What are the risks associated with the increased M&A activity this year?
  • What are the challenges from a political perspective and how might these impact on the global economy and re/insurance market?

Panellists:

Iain Forrester,Head of Insurance Investment Strategy, Global Investment Solutions, AVIVA INVESTORS
Gokul Sudarsana
,Senior Manager - Actuarial Consulting Practice, DELOITTE
Marcus Foley
, CRO, ASPEN BERMUDA LIMITED
Timothy Gasaatura
, Latin America and Carribean Risk Officer, AIG

Moderator: Tracey Gibbons, Senior VP Specialty Reinsurance, ALLIED WORLD RE

 

12.30

LUNCH BREAK AND NETWORKING

13.30

KEYNOTE: DISRUPTION/ INNOVATION/ MODERNISATION OF THE RE/INSURANCE – SEEING LIGHTHOUSES THROUGH THE FOG

  • Who is driving the change and the changes and how will they affect you?
  • Discuss how start insurtech, big tech and new challengers are introducing innovation based new business models and what can re/insurers learn from these new challengers
  • Managing the risks from the changes and remaining relevant in the future
  • Regulation - protective barrier or holding back innovation

Raj Singh, CEO, Accredere AG and Formerly CRO Standard Life

14.10

PANEL DISCUSSION – DIGITISATION AND THE IMPACT ON THE RE/INSURANCE MARKET

  • When new technologies come in, how do you understand the talent required and the risk of these new technologies?
  • What is the impact of emerging technologies on the re/insurance market and their relevance to risk and capital:
    • Blockchain
    • AI and machine learning
    • Robotics and process automation
    •  Drones
    • Containerization and microservices
    • Data

Panellists:


Hanni Ali
, VP Risk & Analytics, HAMILTON RE
Jay Rajendra
, Chief Analytics Officer, ARCH CAPITAL GROUP
Sandra DeSilva, CEO and Chief Software Architect, NOVA

Moderator: Kateryna Gorbunova, Senior Manager, EY

14.55

PANEL DISCUSSION: CYBER RE/INSURANCE RISK – CHALLENGES AND OPPORTUNITIES

  • Going back to basics and defining Cyber Risk- what is it all about?
  • Tips for understanding cyber risk – What are the techniques to calculate cyber risk? How are we quantifying cyber risk?
  • Underwriting and modelling the risk on cyber
  • Keeping up with the more sophisticated cyber threats and developing new approaches to modelling risk
  • The world of cyber is mainly developed in the UK and US, but what is the Bermudian experience? Showcasing what Bermuda can do.

Panellists:

Ari Chatterjee, Chief Underwriting Officer, ENVELOP RISK
Jessica Cardoso, VP, Professional Liability, MARKEL ASSURANCE
John Masters, Assistant VP AIG Bermuda, Financial Line – Cyber Product Lead, AIG
Noel Pearman, SVP and Cyber Product Lead, XL CATLIN

Moderator: Brett Henshilwood, Partner, DELOITTE

15.40

AFTERNOON COFFEE BREAK AND NETWORKING

16.10

CEO PANEL DISCUSSION: WHAT THE FUTURE RE/INSURANCE LANDSCAPE LOOKS LIKE

  • Current risks exposures and how companies are mitigating these risks [e.g. cybersecurity, regulatory change, global economy]
  • Emerging risks on the horizon, e.g. speed of technological change, future workforce, new products for the millennials
  • Strategies to drive profitability and growth over the next 12 months

Panellists:

Amy Ponnampalam
, CEO, ATHORA LIFE RE
Chantal Cardinez
, CEO, HANNOVER LIFE REASSURANCE
Chip Gillis
, CEO, ATHENE LIFE RE
John Wight
, President and CEO, BF&M
Kathleen Faries
, Head of Bermuda, Tokio Millenium

Moderator:
Sylvia Oliveira
, CEO, WILTON RE

17.00

CLOSING KEYNOTE – ABIR’S VISION ON THE INDUSTRY’S EXCITING FUTURE

  • Bermuda's role as one of the leading underwriting hubs
  • Leveraging the opportunities in technology and international investment
  • ABIR's efforts to enhance Bermuda's leadership in the global marketplace and ensure its continued competitiveness

Speaker: John Huff, President and CEO, ABIR

17.30

CLOSING REMARKS, FOLLOWED BY NETWORKING DRINKS RECEPTION