Run-Off and Commutations

About

Be a part of the nation’s premier run-off and commutations forum and ensure that you are well-positioned to maximize the efficiency and minimize the costs of your run-off operations, develop and maintain a core team of run-off specialists, resolve disputes in a cost-effective manner, and engage in successful commutations.

As insurance and reinsurance companies continue to look for ways to free up capital, reduce exposure to risk, and avoid insolvency, run-off and commutations will play a larger role in the industry. It is more important than ever to ensure that you have the skill set and knowledge base necessary to manage an efficient run-off operation. Attaining finality, negotiating effective commutations, maximizing investment income, minimizing costs, resolving disputes – each of these factors plays a critical role in the successful run-off. Now is the time to make sure that your team is prepared to handle these challenges.

American Conference Institute’s 8th 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:

• Create value through the efficient management of a run-off
• Properly account for IBNR claims in a commutation
• Obtain a satisfactory price for a run-off portfolio in the wake of the credit crunch
• Maximize the benefit of set-off provisions
• Work effectively with both solvent and insolvent counterparties

Contents & Contributors

The Run-Off Market in 2010 and Beyond: Considerations for Buyers and Sellers
David Alberts, Partne Lovells LLP (New York, NY)

Benefiting from Set-Off Considerations During Run-Off and Commutations
Russell Bogin, Vice President & Reinsurance Counsel, The Home Insurance Company in Liquidation (New York, NY)
Donald J. Mros, Counsel, Chadbourne & Parke LLP (Washington, DC)
Clifford H. Schoenberg, Partner, Mayer Brown LLP (New York, NY)

Extracting Maximum Value From a Run-Off Portfolio in the Wake of the Economic Downturn
Susan E. Grondine, Chief Claims Officer and General Counsel, R&Q USA (Cambridge, MA)
Jamie Saitch, CEO, Minster Insurance Company Limited (London, United Kingdom)
Anna Petropoulos, CEO, Apetrop Ltd. (London, United Kingdom)

Achieving Effective Commutations: Finding the Common Ground Between Cedents, Reinsurers, and Retrocessionaires
Katherine Barker, President Armour Risk Management Inc. (Philadelphia, PA)
Diane Myers, Vice President/Chief Commutations Officer, Reliance Insurance Company (In Liquidation) (Philadelphia, PA)
Peter J. Doyle, Senior Vice President, Business Run-Off Operations, Munich Reinsurance America, Inc. (Princeton, NJ)
William M. Popalisky, Of Counsel, DLA Piper (New York, NY)

Regulatory Roundtable: Emerging Regulations and Their Impact on Insurance Insolvencies and the Run-Off Market
Joseph Torti, III, Associate Director and Superintendent of Insurance, Rhode Island Insurance Division, Department of Business Regulation (Cranston, RI)
Sandy Praeger, Commissioner, Kansas Insurance Department (Topeka, KS)
Norris W. Clark, Financial & Regulatory Specialist, Former Deputy Commissioner, CA Dept. of Ins, Locke Lord Bissell & Liddell LLP (Los Angeles, CA)

Conflict Resolution: Strategies for Resolving Disputes Quickly and Cost-Effectively
Larry P. Schiffer, Partner, Dewey & LeBoeuf LLP (New York, NY)

Schemes of Arrangement, Part VII Transfers, and Their Impact on the Run-Off Market
Klaus Kune, Vice President – Claims Audits & Commutations, Run Off Solutions, Hannover Re (Hannover, Germany)
Anthony Vidovich, Vice President & Assistant General Counsel, The Hartford Financial Services Group, Inc. (Hartford, CT)
Teresa Snider, Partner, Butler Rubin Saltarelli & Boyd LLP (Chicago, IL)
Neil Golding, Partner, Freshfields Bruckhaus Deringer LLP (London, United Kingdom)