Bermuda Risk Summit Agenda

Presented by BDA in partnership with ABIR, EY, and Gallagher Re

Monday, March 6

Registration Open – Networking Breakfast

8:00 am

9:00 am

Trudeau Ballroom

Conference Welcome

9:00 am

9:05 am

Princess Rooms

David Hart

CEO

Bermuda Business Development Agency (BDA)

KEYNOTE CONVERSATION WITH THE PREMIER OF BERMUDA

9:05 am

9:30 am

Princess Rooms

Bermuda’s Premier, the Hon. David Burt, JP, MP has a keynote conversation with David Hart, CEO, BDA about why Bermuda remains the world’s risk capital, including our innovative spirit, collaborative culture and focus on sustainability.

David Hart

CEO

BDA

Moderator

The Hon. E. David Burt, JP, MP

Premier of Bermuda

Keynote

Session #1 – THE BERMUDA ANGLE: CEO MARKET VIEW AND STRATEGIC LENS

9:30 am

10:15 am

Princess Rooms

Representing about a third of the global P&C reinsurance protection, Bermuda is increasingly important in the hardening market. Sophie Roberts of The Insurer will moderate a panel of CEOs of some of the world’s leading reinsurers to discuss key industry trends, strategic opportunities, and unique C-Suite perspectives, as the Association of Bermuda Insurers & Reinsurers (ABIR) kick-off their 30th year as the collective voice of the Bermuda industry.

 

Sophie Roberts

Head of The Insurer TV

Moderator

Peter Bell

CEO & Managing Director

Everest Reinsurance Bermuda

Panellist

Stephen Catlin

Executive Chairman, Convex

Past Chair & Deputy Chair ABIR

Panellist

Christopher Schaper

CEO, AIG Re

Deputy Chair, ABIR

Panellist

Megan Thomas

CEO

Hamilton Re

Panellist

Session #2 – NAVIGATING COMPLEX RISKS: A REGULATORY PERSPECTIVE

10:15 am

11:00 am

Princess Rooms

Hear the regulator’s perspective amid an environment of economic headwinds and geopolitical uncertainty. What are the key things global (re)insurers need to be on the lookout for in 2023, and what changes are on the horizon?

Suzanne Williams Charles

Director of Policy and Regulation, Corporate Secretary and Data Privacy Officer

Association of Bermuda Insurers and Reinsurers (ABIR)

Moderator

Gerald Gakundi

Director, Supervision (Insurance),

Bermuda Monetary Authority (BMA)

Panellist

Chlora Lindley-Myers

National Association of Insurance Commissioners (NAIC) President

Director of the Missouri Department of Commerce and Insurance

Panellist

Andrew Dyer

Head of London Markets

Bank of England

Panellist

Lori Wing-Heier

Director

Alaska Division of Insurance, NAIC Representative, Sustainable Insurance Forum

Panellist

Connect and Network

11:00 am

11:30 am

Trudeau Ballroom

Session #3 – THE EVOLUTION OF PARTNER CAPITAL

11:30 am

12:15 pm

Princess Rooms

The world’s leading global centre for ILS issuance discusses how the market has evolved post- Ian and how it has evolved to transfer risk across other perils and business lines.

Craig Redcliffe

Partner

Regional Insurance Leader, EY

Moderator

Ben Adolph

Managing Partner

Leadenhall

Panellist

Adam Champion

EVP

Capital Advisors, Inver Re

Panellist

Bob Forness

CEO

MultiStrat

Panellist

Julia Henderson

Chief Commercial Officer

Vesttoo

Panellist

James Lee

Managing Director, Capital Markets

Aspen

Panellist

SESSION #4 – RESEARCH INTO FLORIDA’S DISPARATE LITIGATION REVEALED A NATIONWIDE ISSUE

12:15 pm

12:45 pm

Princess Rooms

Join Joseph Petrelli and Todd Kozikowski as they present their research and findings on how Florida litigation reached a disparate level and how the effort has expanded well beyond the Sunshine State.

Todd Kozikowski

President

44North, LLC

Joseph Petrelli

President

Demotech

DEI Trailblazer Awards

12:45 pm

1:30 pm

Princess Rooms

Diversity, Equity and Inclusion (DEI) is a natural and important component of what makes our globally significant risk market what it is today. As ABIR celebrates its 30th anniversary in 2023, the Bermuda Risk Summit celebrates two DEI trailblazers: Chlora Lindley-Myers, NAIC President and Director of the Missouri Department of Commerce and Insurance and Cheryl Ann Lister, Acting Financial Secretary, Government of Bermuda.

John Huff

CEO

Association of Bermuda Insurers & Reinsurers (ABIR)

Host

The Hon. E. David Burt, JP, MP

Premier of Bermuda

Presenter

Chlora Lindley-Myers

President, NAIC

Director, Missouri Department of Commerce and Insurance

Awardee

Cheryl Ann Lister

Acting Financial Secretary

Government of Bermuda

Awardee

Networking Luncheon

1:30pm

2:30pm

Trudeau Ballroom

SESSION #5 – GROWING SIGNIFICANCE OF SPECIALTY LINES

2:30 pm

3:15 pm

Princess Rooms

While Bermuda retains its dominance in natural catastrophe cover, the market is evolving into being a specialty lines centre of excellence, from cyber, to casualty, terrorism, political risk and mortgage, this panel will explore Bermuda’s ever expanding specialty lines market.

Kirsten Beasley

Head of Office, Bermuda

Willis Towers Watson

Moderator

Christian Dunleavy

Group Chief Underwriting Officer

Aspen

Panellist

Seamus Fearon

EVP, CRT & European Markets

Arch Capital Group Ltd

Panellist

Chris Hayward

Chief Underwriting Officer, Bermuda

MS Reinsurance

Panellist

Kostya Zolotusky

CEO

Itasca Re

Panellist

SESSION #6 – The Future of Finance

3:15 pm

4:00 pm

Princess Rooms

This panel will delve into the finance agenda for reinsurers and property casualty insurers including simplifying and automating business processes, standardizing, and centralising data and improving transparency in financial reporting. Panelists will also explore the asset side of the balance sheet with perspectives on the future of investment portfolio management and accounting systems.

Michelle Seymor-Smith

Non-Executive Director

Conduit Re

Moderator

Justin Brenden

Chief Actuary

SiriusPoint

Panellist

Alex Huang

Chief Risk Officer

Sun Life International

Panellist

Jeff Palmadesso

EY Americas Insurance Assurance Leader

EY

Panellist

William (Bill) C. Stone

Founder, Chairman, & CEO

SS&C Technologies, Inc.

Panellist

Connect & Network

4:00 pm

4:15 pm

Princess Rooms

Session #7 – EXPLORING THE FUTURE OF CYBER REINSURANCE

4:15 pm

5:00 pm

Trudeau Ballroom

The impact of cyber risk has never been greater, with cyber exposure potentially impacting every line of business. With the continued blurring of the lines between traditional coverage and definitive cyber protection, Bermuda market experts discuss how Bermuda is becoming a major cyber player with over half of the global cyber reinsurance market.

Kerr Kennedy

Associate Partner

EY Bermuda

Moderator

George Alayon

Deputy Director, Supervision (Insurance) Department

Bermuda Monetary Authority (BMA)

Panellist

Yosha Delong

Global Head of Cyber

Mosaic Insurance

Panellist

Edouard Von Heberstein

Founder and CEO

Spectra Ltd.

Panellist

Sebastien Plummer

Cyber Specialist Broker

Gallagher Re

Panellist

SS&C TECHNOLOGIES OPENING RECEPTION | Bermuda Risk Summit Signature Event

5:00 pm

7:00 pm

1609 Bar & Restaurant, Hamilton Princess & Beach Club

After the last panel of the day, follow the melody of a Bermuda steel pan and join us harbourside at the SS&C Opening Reception at Hamilton Princess’s scenic ‘1609’. As the sun sets over stunning ocean views, you will network with fellow delegates, including William (Bill) C. Stone, Founder, Chairman, & CEO, SS&C Technologies, Inc., while enjoying signature Gosling’s Rum cocktails, Bermuda-themed cuisine and local entertainment.

Tuesday, March 7

Registration and Breakfast Presentation

8:00 am

9:00 am

Princess Rooms

Learn about the changes made during two special sessions in 2022 to improve the property market and look around the corner to learn what the legislature is likely to address during the 2023 Florida Legislative Session.

Susanne K Murphy

Insurance Regulatory Consultant, Meenan P.A.

immediate past Deputy Commissioner of Property & Casualty at the Florida Office of Insurance Regulation (OIR)

Speaker

Cecil Pearce

President

Florida Insurance Council

Speaker

Session #8 – INTERNATIONAL MARKETS AND REGULATORY COOPERATION

9:00 am

9.30 am

Princess Rooms

With an increasingly global marketplace and growing importance of international standards, join these senior regulatory leaders as they discuss the need for sound insurance regulation to maintain stable markets and how it is integral to functioning economies.

Craig Swan

CEO

Bermuda Monetary Authority (BMA)

Moderator

Tom Sullivan

Former Senior Associate Director

US Federal Reserve Board

Panellist

Lori Wing-Heier

Director

Alaska Division of Insurance; NAIC Representative, Sustainable Insurance Forum

Panellist

Session #9 – MARKET PERSPECTIVES FROM FLORIDA’S C-SUITE

9:30 am

10:15 am

Princess Rooms

Bermuda has a 30-year history of meeting the needs of the Florida insurance market and may incur as much as 25% of industry losses (over US$13billion) post-Hurricane Ian. Susanne K. Murphy will moderate a discussion about the strong ties between our two markets, alongside a panel of leaders from Florida’s insurance sector.

Susanne K Murphy

Insurance Regulatory Consultant

Meenan P.A.

Moderator

Tom Gallagher

COO

People’s Trust Insurance Company; former Florida Insurance Commissioner

Panellist

Melissa Burt DeVriese

President

Security First Insurance

Panellist

Jennifer Montero

Chief Financial Officer

Florida Citizens Property Insurance Corporation

Panellist

Cecil Pearce

President

Florida Insurance Council

Panellist

Connect and Network

10:15 am

10:45 am

Trudeau Ballroom

Session #10 – GLOBAL FINANCING CONDITIONS – A RATING AGENCY DISCUSSION

10:45 am

11:30 am

Princess Rooms

Representatives from the world’s leading ratings agencies describe how a volatile macroeconomic environment is impacting credit policy, regulation and the implementation of ESG policies.

Edward Mishambi

SVP and Chief Risk Officer-Europe

Renaissance Re

Moderator

Peter Giacone

Global Head of Insurance

KBRA

Panellist

Stefan Holzberger

Chief Rating Officer

AM Best

Panellist

Joseph Petrelli

President

Demotech

Panellist

Brian Schneider

Senior Director

Global Analytical Co-Head, Fitch

Panellist

Session #11 – THE GLOBAL CAPACITY CRUNCH OF 2023

11:30 am

12:15 pm

Princess Ballroom

This panel will examine how global brokers are navigating an increased pressure on rates, terms and conditions and a greater focus on adequate property values, with heightened importance of the Bermuda markets capital and reinsurance capacity, especially in the Florida property and global specialty markets.

John Huff

CEO

Association of Bermuda Insurers & Reinsurers (ABIR)

Moderator

Chris Bonard

CEO

ED Broking (Bermuda) Limited

Panellist

Jim Fiore

Executive Managing Director, Chief Strategy Officer, Capital Advisory

Aon

Panellist

Lara Mowrey

Global Head of Distribution

Guy Carpenter

Panellist

Ben Radford

Head of Gallagher Re

Bermuda

Panellist

Session #12 – BERMUDA: THE INVESTOR’S EXPERIENCE

12:15 pm

1:00 pm

Princess Rooms

This panel will discuss Bermuda’s attractiveness to private equity firms, the variety of investors and transactions being seen in the Bermuda market, as well as the most frequently used acquisition structures.

Stephen Weinstein

Past Chair

Bermuda Business Development Agency (BDA)

Moderator

Scott Frederick

Managing Partner

Sands Capital Ventures

Panellist

Adrian Jones

Managing Director, Re/Insurance and Partner

HSCM Ventures

Panellist

Armin Rothauser

Senior Partner

Castlelake Investments

Panellist

WHAT DOES IT ALL MEAN FOR FLORIDA?

1pm

1:10pm

Princess Rooms

Former Florida Insurance Commissioner and Past NAIC President David Altmaier provides some closing comments to the day, specifically about how the evolving dynamics of global re/insurance markets might impact Florida, the world’s 15th largest economy.

David Altmaier

Speaker

Networking Lunch with Exhibitors

1:10 pm

2.30 pm

Trudeau Ballroom

Wednesday, March 8

Registration and Networking Breakfast

8:00 am

9:00 am

Trudeau Ballroom

Session #13 – BERMUDA – A LEADING DOMICILE FOR LEGACY SOLUTIONS

9:00 am

9:45 am

Princess Rooms

Hear industry specialists reflect on the growth and evolution of Bermuda’s legacy market and discuss headwinds and emerging opportunities including property and casualty, general liability and workers compensation.

Andrew Sooboodoo

Group Chief Risk Officer

Fortitude Re

Moderator

James Ferris

Director

BMS Re

Panellist

Barry Gale

Head of Legacy

AON

Panellist

Shireen Gammoh

Global Head of Capital Advisory and Modelling

Gallagher Re

Panellist

William O’Farrell

CEO

Premia Holdings

Panellist

Session #14 – Updates from the Life Sector

9:45 am

10:30 am

Princess Rooms

Join panelists as they discuss key developments in the life sector, including policy holder protection and the risk based supervisory approach that incentivises and drives rigorous asset and liability management.

  

Curtis Dickinson

Executive Adviser

Bermuda International Long-Term Insurers and Reinsurers, (BILTIR)

Moderator

James Claxton

Associate Partner

EY

Panellist

Martin Maringi

Deputy Director in the BMA’s Supervision (Insurance) Department

BMA

Panellist

Michelle Moloney

EVP Chief Risk Officer

Pacific Life Reinsurance

Panellist

Mark Yu

Head of Enterprise Capital Strategy

New England Asset Management

Panellist

Session #15 – BERMUDA’S EVOLVING CASUALTY MARKETPLACE

10:30 am

11:15 am

Princess Rooms

With capacity and rates stabilising after dramatic decreases and increases, hear expert panelists share their views about how Bermuda’s excess casualty market is poised to handle emerging risks against a backdrop a challenging legal liability, continued nuclear verdicts, social inflation and expanding theories of liability.

 

Shannon Totten

SVP, Casualty Insurance Practice Leader, Bermuda

Sompo International

Moderator

Craig Douglas

Executive Director

OneGlobal Broking Bermuda

Panellist

Sharmini Samuels

US Casualty Treaty Underwriter

Convex Re Ltd

Panellist

Saadia Savory

Vice President, Excess Casualty

Aspen

Panellist

Donnacha Smyth

President Excess Casualty

AXA XL

Panellist

Shellé Thompson

Product Lead

Bermuda Healthcare Division Allied World Assurance Company, Ltd (AWAC)

Panellist

Connect and Network

11:15 am

11:45 am

Trudeau Ballroom

Session 16: The Future of Risk

11:45 am

12:30 pm

Princess Rooms

Join forward-looking panelists as they explore the impact of collective bias, emerging risks, enterprise risk management and the intersection with deep uncertainty around climate change and how this will impact the future risk landscape.

Gero Michel

Group CRO

AIG RE

Moderator

Tom Johansmeyer

SVP, Head of PCS

Verisk

Panellist

Julia Mansfield

Head of Customized

Arch Reinsurance Ltd.

Panellist

Susan Pateras

Independent Director

Bermuda Business Development Agency (BDA)

Panellist

Andrew Smith

Chief Risk & Sustainability Officer

Conduit Re

Panellist

Closing Remarks

12:30 pm

12:35 pm

Princess Rooms

David Hart

CEO

BDA

BERMUDA LUNCH CRUISE | Bermuda Risk Summit Signature Event

1:00 pm

3:00 pm

Hamilton Princess & Beach Club Dock

As we bring our second annual Bermuda Risk Summit to a close, don’t miss this last chance to reconnect with colleagues and delegates while touring the picturesque shoreline of Hamilton Harbour and Paradise Lakes. You will enjoy each other’s company as much as you will the Bermuda cuisine, specialty cocktails and local entertainment.

BOOK TICKETS: https://bit.ly/3IliciR

BOARDING: 1pm | DEPARTURE: 1:15pm

Proudly Supported By

ABIR

Headline Sponsor

EY

Headline Sponsor

Gallagher Re

Headline Sponsor

Hyperexponential

Diamond Sponsor

SS&C

Gold Sponsor

AM Best

Silver Sponsor

Kirkland & Ellis

Silver Sponsor

Demotech

Supporting Sponsor

AON

Supporting Sponsor

KPMG

Supporting Sponsor

Bermuda Brokers

Supporting Sponsor

Florida Insurance Council

Supporting Sponsor

Rein4ce

Supporting Sponsor

DocoSoft

Supporting Sponsor

Meenan

Supporting Sponsor

MS Reinsurance

Supporting Sponsor

The Insurer

Media Partner

Goslings

Spirits Partner

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