RUN-OFF AND COMMUTATIONS

Wednesday, March 25, 2009

About

With companies looking for ways to increase liquidity, now is the time to ensure that you are prepared to capitalize on the opportunities and overcome the obstacles presented by run-off and commutations

The subprime crisis and the credit crunch have companies scrambling to free up capital and reduce their exposure to risk. In the coming months, cedents and reinsurers will look to run-off and commutations as means of achieving these goals. Opportunities for informed and skilled run-off and commutation professionals will abound. However, those who are unprepared stand to lose big.

American Conference Institute’s 7th International Advanced Forum on Run-Off and Commutations will bring together an outstanding global speaker faculty of senior run-off and reinsurance executives, state regulators, and expert outside counsel who will give you the targeted guidance and strategies that you need to:

  • Benefit from emerging run-off opportunities, such as D&O and E&O liability claims
  • Overcome the hurdles involved with run-off management, whether conducted in-house or outsourced to a third party
  • Obtain collections sooner rather than later
  • Work effectively with both solvent and insolvent counterparties
  • Assess and implement the various methods of attaining finality
  • Properly account for IBNR claims in a commutation.

Contents & Contributors

About

With companies looking for ways to increase liquidity, now is the time to ensure that you are prepared to capitalize on the opportunities and overcome the obstacles presented by run-off and commutations

The subprime crisis and the credit crunch have companies scrambling to free up capital and reduce their exposure to risk. In the coming months, cedents and reinsurers will look to run-off and commutations as means of achieving these goals. Opportunities for informed and skilled run-off and commutation professionals will abound. However, those who are unprepared stand to lose big.

American Conference Institute’s 7th International Advanced Forum on Run-Off and Commutations will bring together an outstanding global speaker faculty of senior run-off and reinsurance executives, state regulators, and expert outside counsel who will give you the targeted guidance and strategies that you need to:

  • Benefit from emerging run-off opportunities, such as D&O and E&O liability claims
  • Overcome the hurdles involved with run-off management, whether conducted in-house or outsourced to a third party
  • Obtain collections sooner rather than later
  • Work effectively with both solvent and insolvent counterparties
  • Assess and implement the various methods of attaining finality
  • Properly account for IBNR claims in a commutation.

Contents & Contributors

Assessing the Impact of Declining Asset Values and the Credit Crunch on Run-Offs and Commutations
Paul Eddy, Chief Operating Officer, Travelers Special Services (Hartford, CT)
Steve Ryland, Executive Director, PRO Insurance Solutions Limited  (London, UK)

Extracting Value from Run-Offs: Key Factors to Consider in Order to Increase Profitability
Standley Hoch, Chief Operating Officer and Chief Financial Officer, CIGNA Reinsurance (Hartford, CT)
Frank Kehrwald, Senior Vice President, Swiss Reinsurance America Holding Corporation (Overland Park, KS)

Identifying Emerging Run-Off Opportunities: Determining Which Policies or Lines of Business are Ripe for Run-Off and Charting the Best Course of Action
David Alberts, Partner, Lovells LLP (New York, NY)
James Veach, Partner, Mound Cotton Wollan & Greengrass (New York, NY)

UK and EU Regulatory Tools for Achieving Finality and Their Potential Use in the U.S. Run-Off Market
Klaus Kune, Vice President, Chief Coordinator Run Off Solutions, Hannover Re (Hannover, Germany)
Frank N. Ray, Managing Director and General Counsel, Providence Washington Insurance Solutions LLC (Providence, RI)

Innovative Approaches to Handling the Next Wave of Asbestos Claims
Sandra C. Santomenno, ACAS, MAAA, Senior Consultant, Towers Perrin (Philadelphia, PA)



DOCUMENT TYPES: PPT DOC PDF PRESENTATIONS AVAILABLE: 9

8:00
Registration and Coffee
9:00
Opening Remarks from Conference Co-Chairs
Mr. Charles Ehrlich
Senior Vice President and Worldwide Special Counsel
RiverStone Resources/TIG Insurance company
Mr. Lee Routledge
Senior Vice President
SCOR Reinsurance Company
9:15
Assessing the Impact of Declining Asset Values and the Credit Crunch on Run-Offs and Commutations
Mr. Paul Eddy
Chief Operating Officer
Travelers Special Services
1 file
Assessing the Impact of Declining Asset Values and the Credit Crunch on Run-Offs and Commutations
1.1 MB 15 pages Presentation
PPT - Assessing the Impact of DecliningAsset Values and the Credit Crunchon Run-Offs and Commutations
Mr. Steve Ryland
Executive Director
PRO Insurance Solutions Limited
1 file
Assessing the Impact of Declining Asset Values and the Credit Crunch on Run-Offs and Commutations
1.1 MB 15 pages Presentation
PPT - Assessing the Impact of DecliningAsset Values and the Credit Crunchon Run-Offs and Commutations
10:30
Morning Coffee Break
10:45
Extracting Value from Run-Offs: Key Factors to Consider in Order to Increase Profitability
Mr. Standley Hoch
Chief Operating Officer and Chief Financial Officer
CIGNA Reinsurance
1 file
Extracting Value from Run-Offs
205 KB 27 pages Presentation
PPT - Extracting Value from Run-Offs
Mr. Frank Kehrwald
Senior Vice President
Swiss Reinsurance America Holding Corporation
1 file
Extracting Value from Run-Off: Key factors to Consider in Order to Increase Profitability
499 KB 9 pages Presentation
PPT - Extracting Value from Run-Off:  Key factors to Consider in Order to Increase Profitability
Mr. Charles Ehrlich
Senior Vice President and Worldwide Special Counsel
RiverStone Resources/TIG Insurance company
Mr. Paul A. Nugent
Chairman
Senator Broker Services Limited
1 file
Extracting value from Run-Offs: Key Factors to Consider in Order to Increase Profitability
394 KB 15 pages Presentation
PPT - Extracting value from Run-Offs: Key Factors to Consider in Order to Increase Profitability
Mr. Steven Schwartz
Partner
Locke Lord Bissell & Liddell LLP
12:15
Networking Luncheon for Attendees and Speakers
13:30
Identifying Emerging Run-Off Opportunities: Determining Which Policies or Lines of Business are Ripe for Run-Off and Charting the Best Course of Action
Ms. Susan E. Grondine
General Counsel
Cavell America
Mr. David Alberts
Partner
Lovells LLP
1 file
Client Briefing Wrap-Up of 2008 AIG Developments
50.7 KB 15 pages White Paper
PDF - Client Briefing Wrap-Up of 2008 AIG Developments
James Veach
Partner
Mound Cotton Wollan & Greengrass
1 file
IDENTIFYING RUN-OFF OPPORTUNITIES
41 KB 4 pages White Paper
DOC - IDENTIFYING RUN-OFF OPPORTUNITIES
14:30
Achieving Effective Commutations and Attaining Finality: Finding the Common Ground Between Cedents‚ Reinsurers‚ and Retrocessionaires
Mr. Richard White
Deputy Liquidator
Integrity Insurance Company in Liquidation
Mr. Keith Kaplan
Executive Vice President
Reliance Insurance Company (In Liquidation)
Mr. Austin Thornton
Vice President
Munich Re America
Mr. Don Wustrow
President & COO
Chiltington International Inc.
15:45
Afternoon Refreshment Break
16:00
UK and EU Regulatory Tools for Achieving Finality and Their Potential Use in the U.S. Run-Off Market
Mr. Klaus Kune
Vice President‚ Chief Coordinator Run Off Solutions
Hannover Re
1 file
UK and EU Regulatory Tools as Means of Achieving Finality and Their Impact on the U.S. Run-Off Market
344.5 KB 30 pages Presentation
PPT - UK and EU Regulatory Tools as Means of Achieving Finality and Their Impact on the          U.S. Run-Off Market
Mr. Frank N. Ray
Managing Director and General Counsel
Providence Washington Insurance Solutions LLC
1 file
United Kingdom and European tools for achieving finality and their potential use in the United States Run-Off Market
142 KB 8 pages Presentation
PPT - United Kingdom and European toolsfor achieving finality and their potential use in theUnited States Run-Off Market
17:00
Conference Adjourns for Day
8:30
Continental Breakfast
9:00
Chairs Remarks
Mr. Charles Ehrlich
Senior Vice President and Worldwide Special Counsel
RiverStone Resources/TIG Insurance company
Mr. Lee Routledge
Senior Vice President
SCOR Reinsurance Company
9:15
Preparing for the Evolving Regulatory Paradigm Governing the Insurance Industry
Mr. Thomas E. Hampton
Commissioner
Department of Insurance‚ Securities and Banking
Mr. Mark G. Peters
Special Deputy Superintendent
New York Liquidation Bureau
Honorable Thomas R. Sullivan
Commissioner
Connecticut Insurance Department
Mr. Bryan Fuller
Senior Reinsurance Consultant
Rector & Associates‚ Inc.
Mr. Ali Rifai
Senior Vice President and Associate General Counsel
Centre Group Holdings (U.S.) Limited
Mr. Harold Horwich
Partner
Bingham McCutchen
10:45
Morning Coffee Break
11:00
Resolving Disputes in a Cost-Effective and Expeditious Manner
Mr. Russell Bogin
Vice President - Reinsurance and Associate Reinsurance Counsel
The Home Insurance Company in Liquidation
Mr. Paul Aiudi
Assistant General Counsel
American International Group‚ Inc.
Ms. Cynthia Koehler
Vice President and Assistant General Counsel‚ Complex and Emerging Risks
Liberty Mutual Insurance Company
12:15
Networking Luncheon for Attendees and Speakers
13:30
Innovative Approaches to Handling the Next Wave of Asbestos Claims
Ms. Sandra C. Santomenno
Senior Consultant
Towers Perrin
1 file
ACI Run-Off and Commutation Conference – Update on Asbestos
83.7 KB 30 pages Presentation
PDF - ACI Run-Off and Commutation Conference – Update on Asbestos
14:15
Ethical Considerations When Engaging in Run-Off and Commutations
Mr. Lee Routledge
Senior Vice President
SCOR Reinsurance Company
Mr. James A. Shanman
Partner
Edwards Angell Palmer & Dodge LLP
15:15
Conference Concludes