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
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
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