The Strategic Guide to

Insurance Insolvency

Overcoming Business, Legal and Regulatory Hurdles

Monday, November 15, 2004

About

Do you have the up-to-the-minute information and strategies you need to successfully navigate an insurance insolvency?

Insurance insolvencies are on the rise. In fact, state guaranty funds assessed solvent insurers record amounts to pay for insolvencies in the past two years: $1.2 billion in 2002 and approximately $1.3 billion in 2003. On the property and casualty side alone, guaranty funds have absorbed in excess of $15 billion in new exposure for claims of insolvent insurers from 2001 through 2003. In addition, "mega-insolvencies," like Reliance, have caused shock waves that are being felt all over the world, given the international nature of the insurance business.

While serious discussions of reform are taking place, the upswing in large-scale insolvencies means that policyholders, attorneys, consultants and insurance executives must be prepared to confront the many obstacles presented by insurance insolvencies. Those trying to make a claim, structure an agreement or do business with a partner facing insolvency must use creative solutions and cutting-edge strategies to succeed.

To guide you through this challenging environment, American Conference Institute has specifically tailored the Legal and Strategic Guide to Insurance Insolvency to provide you with the most current strategies for dealing with and surviving insolvency. An outstanding faculty of industry leaders has been assembled to give you practical guidance on:

Pursuing reinsurance claims and collections with an insolvent partner
How some companies are avoiding the formal insolvency process
The latest developments in Legion and Reliance and their implications for you
Meeting the challenges of a cross-border insolvency
What rules may be changing and how they will impact you
Tactics for pursuing claims against guaranty associations and receiverships

Several panels will feature leading state regulators, as well as representatives from guaranty associations and ratings agencies. This is a rare opportunity to benefit from their experience and perspective.

Get the information you need to succeed in this rapidly changing environment. Learn how others are handling the challenges of insolvency. You'll also benefit from the comprehensive written materials specifically prepared by the speakers for this event; they will be a valuable resource over the coming months.

Contents & Contributors

About

Do you have the up-to-the-minute information and strategies you need to successfully navigate an insurance insolvency?

Insurance insolvencies are on the rise. In fact, state guaranty funds assessed solvent insurers record amounts to pay for insolvencies in the past two years: $1.2 billion in 2002 and approximately $1.3 billion in 2003. On the property and casualty side alone, guaranty funds have absorbed in excess of $15 billion in new exposure for claims of insolvent insurers from 2001 through 2003. In addition, "mega-insolvencies," like Reliance, have caused shock waves that are being felt all over the world, given the international nature of the insurance business.

While serious discussions of reform are taking place, the upswing in large-scale insolvencies means that policyholders, attorneys, consultants and insurance executives must be prepared to confront the many obstacles presented by insurance insolvencies. Those trying to make a claim, structure an agreement or do business with a partner facing insolvency must use creative solutions and cutting-edge strategies to succeed.

To guide you through this challenging environment, American Conference Institute has specifically tailored the Legal and Strategic Guide to Insurance Insolvency to provide you with the most current strategies for dealing with and surviving insolvency. An outstanding faculty of industry leaders has been assembled to give you practical guidance on:

Pursuing reinsurance claims and collections with an insolvent partner
How some companies are avoiding the formal insolvency process
The latest developments in Legion and Reliance and their implications for you
Meeting the challenges of a cross-border insolvency
What rules may be changing and how they will impact you
Tactics for pursuing claims against guaranty associations and receiverships

Several panels will feature leading state regulators, as well as representatives from guaranty associations and ratings agencies. This is a rare opportunity to benefit from their experience and perspective.

Get the information you need to succeed in this rapidly changing environment. Learn how others are handling the challenges of insolvency. You'll also benefit from the comprehensive written materials specifically prepared by the speakers for this event; they will be a valuable resource over the coming months.

Contents & Contributors

THE MECHANICS OF AN INSOLVENCY: IS MODERNIZATION NECESSARY?
Francine L. Semaya, Cozen O'Connor

PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATIONS: HOW DOES THE SAFETY NET WORK?
Alan N. Gamse, Semmes, Bowen & Semmes, P.C.

CLAIMS HANDLING BY RECEIVERS
Robert Loiseau, Jack M. Webb & Associates, Inc.

REINSURANCE CLAIMS AND COLLECTIONS WITH AN INSOLVENT PARTNER
Louis A. Ontanon, Buxbaum, Loggia & Associates, Inc.

REINSURANCE CLAIMS AND COLLECTIONS WITH AN INSOLVENT PARTNER
James C. Owen, McCarthy, Leonard, Kaemmerer, Owen, McGovern & Striler

INSUARANCE INSOLVENCY: HOW TO AVOID A RECEIVERSHIP CLAIM
Laline Carvalho, Standard and Poor's

HOW TO AVOID A RECEIVERSHIP CLAIM
Vivien Tyrell, Kendall Freeman

NCIGF UPDATE ON SIGNIFICANT ISSUES CURRENTLY IMPACTING PROPERTY & CASUALTY GUARANTY FUNDS
Kevin D. Harris, National Conference of Insurance Guaranty Funds

THE MEGA-INSOLVENCIES: HOW LEGION AND RELIANCE HAVE IMPACTED THE REINSURANCE BUSINESS
Daryn E. Rush, White and Williams LLP

PROTECTING CONSUMERS POLICYHOLDERS & CREDITORS
Holly C. Bakke, New Jersey Department of Banking and Insurance

WHO PROTECTS US FROM THE RECEIVER?
Peter H. Bickford, Consultant and Certified Arbitrator

CREATING A DEBTOR IN POSSESSION ALTERNATIVE FOR TROUBLED INSURERS: A PROPOSAL
Forrest B. Lammiman, Lord, Bissell & Brook, LLP

UPDATE ON SOLVENCY (INSOLVENCY) REFORM
Doug Hartz, National Association of Insurance Commissioners

EXTRACTING GOOD VALUES FROM BAD ASSETS
Marcia Ruskin, Quantum Consulting

DISSOLVING LIQUIDATION GRIDLOCK: A RETURN THROUGH THE LOOKING GLASS
Mary Cannon Veed, Arnstein & Lehr LLP



DOCUMENT TYPES: PRESENTATIONS AVAILABLE: 0