Legal and Strategic Forum on

Life Reinsurance

Monday, January 26, 2009

About

Are you positioned to take full advantage of new and emerging foreign markets, negotiate and draft increasingly complex contract agreements, comply with evolving state and federal regulations, and navigate the domestic market in the wake of the credit crunch?

Consolidation in the life reinsurance market has lead to greater sophistication amongst the remaining industry players as well as increased interest in the global market. Direct insurers are taking a more aggressive and involved approach to reinsurance contracts, resulting in significant changes to the traditional process. Innovative products are being offered, and with these innovations come new questions about whether and how to reinsure them. New markets are available in the European Union, Latin America, and Asia and, while they present excellent opportunities for growth, insurers and reinsurers looking to expand into these regions need to be prepared for the regulatory, legal, and business hurdles that they will confront.

ACI’s 3rd Annual Legal and Strategic Forum on Life Reinsurance will bring together industry leaders from cedents, reinsurers, and reinsurance brokers, as well as outside counsel and regulators, to provide you with the knowledge and strategies that you need to:

  • Design clear and comprehensive reinsurance agreements
  • Remain competitive in the shrinking domestic marketplace
  • Overcome the barriers to entering new and emerging foreign markets
  • Prepare for the implementation of Principles-Based Reserving
  • Adjust to evolving regulations at both the state and federal levels

In addition, a special Fundamentals of Life Reinsurance workshop will provide industry newcomers with a thorough understanding of the complex rules and regulations that govern this industry. Don’t miss the opportunity to expand your knowledge through this valuable pre-conference tutorial.

Contents & Contributors

About

Are you positioned to take full advantage of new and emerging foreign markets, negotiate and draft increasingly complex contract agreements, comply with evolving state and federal regulations, and navigate the domestic market in the wake of the credit crunch?

Consolidation in the life reinsurance market has lead to greater sophistication amongst the remaining industry players as well as increased interest in the global market. Direct insurers are taking a more aggressive and involved approach to reinsurance contracts, resulting in significant changes to the traditional process. Innovative products are being offered, and with these innovations come new questions about whether and how to reinsure them. New markets are available in the European Union, Latin America, and Asia and, while they present excellent opportunities for growth, insurers and reinsurers looking to expand into these regions need to be prepared for the regulatory, legal, and business hurdles that they will confront.

ACI’s 3rd Annual Legal and Strategic Forum on Life Reinsurance will bring together industry leaders from cedents, reinsurers, and reinsurance brokers, as well as outside counsel and regulators, to provide you with the knowledge and strategies that you need to:

  • Design clear and comprehensive reinsurance agreements
  • Remain competitive in the shrinking domestic marketplace
  • Overcome the barriers to entering new and emerging foreign markets
  • Prepare for the implementation of Principles-Based Reserving
  • Adjust to evolving regulations at both the state and federal levels

In addition, a special Fundamentals of Life Reinsurance workshop will provide industry newcomers with a thorough understanding of the complex rules and regulations that govern this industry. Don’t miss the opportunity to expand your knowledge through this valuable pre-conference tutorial.

Contents & Contributors

The Globalization of Life Reinsurance: Evaluating and Addressing the Legal, Regulatory, and Business Challenges of Operating in Foreign Markets
C. Spencer Alridge, II, Vice President and Deputy General Counsel, Transamerica Reinsurance (Charlotte, NC)

Decline of the Capital Markets: Obtaining Financing and Reducing Risk in the Wake of the Credit Crunch
Hugh T. McCormick, Of Counsel, Dewey & LeBoeuf LLP (New York, NY)
Francis R. Monaco, Partner, Dewey & LeBoeuf LLP (New York, NY)

OFC, OFAC, and Emerging Requirements: Reassessing Policies in Light of the Evolving Regulatory Environment

Debra Hall, Executive Director, Global Risk Coalition (Washington, DC)
Denis W. Loring, Senior Vice President, RGA Reinsurance Company (Palm Beach Gardens, FL)

Negotiating and Drafting Key Contract Provisions Part I: Overcoming New Disagreements Arising from Claims Clauses, Materiality, and Reps and Warranties
Thomas W. Blair, Assistant General Counsel – Life Reinsurance, American International Group (New York, NY)
Mark R. Sarlitto, Senior Vice President and General Counsel, Wilton Re (Wilton, Connecticut)
Jack R. Scott, Senior Vice President & General Counsel, ACE International Life (Philadelphia, PA)

Negotiating and Drafting Key Contract Provisions Part II: Innovative Approaches to Arbitration Clauses, Capacity Limits, and Recapture Rights
Robert E. Sweeney, Partner, Locke Lord Bissell & Liddell LLP (Chicago, IL)
Donna R. Jarvis, Assistant Vice President & Actuary, Hartford Life Insurance Companies (Simsbury, CT)
Dana Wiele, Senior Vice President & Associate General Counsel, RGA Reinsurance Company (St. Louis, MO)

Risk-Sharing, Hedging, and Regulatory Considerations for a New Generation of Variable Annuities

Robert Tomilson, Senior Counsel, Thorp Reed & Armstrong, LLP (Philadelphia, PA)
Mike Robles, Of Counsel, Crowell & Moring LLP (New York, NY)
George Hansen, Managing Senior Financial Analyst/Actuary, A.M. Best Company (Oldwick, NJ)

Preparing for Principles-Based Reserving and Its Impact on the Life Reinsurance Industry
Robert A. Diefenbacher, Senior Vice President – Life and Structured Reinsurance
Manulife Reinsurance (Boston, MA)
David A. Rains, Managing Director, Guy Carpenter & Company, LLC (Philadelphia, PA)
Todd Erkis, Principal, Towers Perrin (Philadelphia, PA)

Minimizing the Impact of STOLI: Assessing Regulatory and Industry Approaches to Curbing Investor-Initiated Life Insurance
Michael Lovendusky, Vice President & Associate General Counsel, American Council of Life Insurers (Washington, DC)
Elliott M. Kroll, Partner, Chair of the Insurance and Reinsurance Practice Group Herrick, Feinstein LLP (New York, NY)



DOCUMENT TYPES: PPT DOC PRESENTATIONS AVAILABLE: 14

11:30
Registration Opens
13:00
Conference Chairs' Opening Remarks
Mr. C. Spencer Alridge, II
Vice President and Deputy General Counsel
Transamerica Reinsurance
Mr. David Mendelsohn
Partner
DLA Piper US LLP
13:15
The Globalization of Life Reinsurance: Evaluating and Addressing the Legal‚ Regulatory‚ and Business Challenges of Operating in Foreign Markets
Mr. C. Spencer Alridge, II
Vice President and Deputy General Counsel
Transamerica Reinsurance
1 file
LIFE REINSURANCE – International Perspective
171.5 KB 20 pages Presentation
PPT - LIFE REINSURANCE – International Perspective
Mr. David Mendelsohn
Partner
DLA Piper US LLP
1 file
Globalization of Life Reinsurance
894.5 KB 16 pages Presentation
PPT - Globalization of Life Reinsurance
14:30
Refreshment Break
14:45
Decline of the Capital Markets: Obtaining Financing and Reducing Risk in the Wake of the Credit Crunch
Mr. Hugh T. McCormick
Of Counsel
Dewey & LeBoeuf LLP
Mr. Francis R. Monaco
Partner
Dewey & LeBoeuf LLP
1 file
The Financial Crisis: Obtaining Financing and Reducing Risk
751 KB 12 pages Presentation
PPT - The Financial Crisis: Obtaining Financing and  Reducing Risk
15:45
OFC‚ OFAC‚ and Emerging Requirements: Reassessing Policies in Light of the Evolving Regulatory Environment
Mr. David Gates
Senior Vice President
Generali USA Life
Ms. Debra J. Hall
Executive Director
Global Risk Coalition
1 file
Financial Regulatory Modernization: Shifting Paradigms
179.5 KB 18 pages Presentation
PPT - Financial Regulatory Modernization: Shifting Paradigms
Mr. Denis W. Loring
Senior Vice President, Global Financial Solutions
RGA Reinsurance Company
1 file
The Regulatory Climate
202 KB 16 pages Presentation
PPT - The Regulatory Climate
17:00
Conference Adjourns for the Day
8:30
Continental Breakfast
9:00
Conference Chairs' Opening Remarks
9:15
Negotiating and Drafting Key Contract Provisions Part I: Overcoming New Disagreements Arising from Claims Clauses‚ Materiality‚ and Reps and Warranties
Mr. Thomas W. Blair
Assistant General Counsel - Reinsurance
American International Group‚ Inc.
1 file
Negotiating and Drafting Key Contract Provisions Part I
120.5 KB 14 pages Presentation
PPT - Negotiating and Drafting Key Contract Provisions Part I
Mr. Mark Sarlitto
Senior Vice President & General Counsel
Wilton Re
1 file
Contract Processes in Financial Services
4 MB 14 pages Presentation
PPT - Contract Processes in Financial Services
Mr. Jack R. Scott
Senior Vice President & General Counsel
ACE International Life
1 file
Life and Annuity Reinsurance Agreements: Some Distinguishing Features
76 KB 26 pages Presentation
DOC - Life and Annuity Reinsurance Agreements: Some Distinguishing Features
10:30
Networking Coffee Break
10:45
Negotiating and Drafting Key Contract Provisions Part II: Innovative Approaches to Arbitration Clauses‚ Capacity Limits‚ and Recapture Rights
Mr. Robert Sweeney
Partner
Locke Lord Bissell & Liddell LLP
Ms. Donna Jarvis
Assistant Vice President & Actuary
Hartford Life Insurance Companies
Mr. Dana Wiele
Senior Vice President & Associate General Counsel
RGA Reinsurance Company
1 file
Negotiating and Drafting Key Contract Provisions Part II
346 KB 41 pages Presentation
PPT - Negotiating and Drafting Key Contract Provisions Part II
12:00
Networking Luncheon
13:15
Risk-Sharing‚ Hedging‚ and Regulatory Considerations for a New Generation of Variable Annuities
Robert W. Tomilson
Co-Chair, Reinsurance, Practice Group
Cozen O'Connor
1 file
Risk-Sharing, Hedging, and Regulatory Considerations for a New Generation of Variable Annuities
526 KB 18 pages Presentation
PPT - Risk-Sharing, Hedging, and Regulatory Considerations for a New Generation of Variable Annuities
Mr. Mike Robles
Of Counsel
Crowell & Moring LLP
Mr. George Hansen
Managing Senior Financial Analyst/Actuary
A.M. Best Company
1 file
Risk-Sharing, Hedging and Regulatory Considerations for Variable Annuities
202 KB 10 pages Presentation
PPT - Risk-Sharing, Hedging and Regulatory Considerations for Variable Annuities
14:15
Afternoon Refreshment Break
14:30
Preparing for Principles-Based Reserving and Its Impact on the Life Reinsurance Industry
Mr. Robert Diefenbacher
Senior Vice President‚ Life and Structured Reinsurance
Manulife Reinsurance - John Hancock USA
Mr. David A. Rains
Managing Director
Guy Carpenter & Company‚ LLC
Mr. Todd Erkis
Principal
Towers Perrin
1 file
Preparing for Principles-Based Reserving and Its Impact on the Life Reinsurance Industry
1.2 MB 19 pages Presentation
PPT - Preparing for Principles-Based Reserving and Its Impact on the Life Reinsurance Industry
15:30
Minimizing the Impact of STOLI: Assessing Regulatory and Industry Approaches to Curbing Investor-Initiated Life Insurance
Mr. Michael Lovendusky
Vice President & Associate General Counsel
American Council of Life Insurers
1 file
MINIMIZING THE IMPACT OF STOLI
763 KB 26 pages Presentation
PPT - MINIMIZING THE IMPACT OF STOLI
Mr. Elliott Kroll
Partner‚ Chair of Insurance and Reinsurance Practice Group
Herrick‚ Feinstein LLP
1 file
HOW STOLI PARTICIPANTS EVADE INSURABLE INTEREST LAWS
149.5 KB 16 pages Presentation
DOC - HOW STOLI PARTICIPANTS EVADE INSURABLE INTEREST LAWS
16:30
Conference Concludes