8th International Advanced Forum on

Run-Off and Commutations

Expert Strategies & Key Insights for Achieving Finality & Profitability in the Run-off Market

Friday, April 30, 2010

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

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)



DOCUMENT TYPES: PPT PDF DOC ZIP PRESENTATIONS AVAILABLE: 16

8:00
Registration and Continental Breakfast
9:00
Co-Chairs' Opening Remarks
Mr. Russell Bogin
Vice President - Reinsurance and Associate Reinsurance Counsel
The Home Insurance Company in Liquidation
Moderator: Jonathan F. Bank
Of Counsel
Locke Lord LLP
9:15
The Run-Off Market in 2010 and Beyond: Considerations for Buyers and Sellers
Ms. Karen Boisvert
Senior Vice President‚ Claims & Liabilities
Swiss Re Life & Health America Inc.
Mr. Andrew Maneval
President
Chesham Consulting‚ LLC
Dr. Klaus Endres
EVP‚ Head of Business Development and Acquisitions
AXA Liabilities Managers
Mr. David Alberts
Partner
Lovells LLP
1 file
The Run-Off Market in 2010 and Beyond: Considerations for Buyers and Sellers
398.5 KB 12 pages Presentation
PPT - The Run-Off Market in 2010 and Beyond: Considerations for Buyers and Sellers
Mr. Jonathan F. Bank
Of Counsel
Locke Lord LLP
10:30
Morning Coffee Break
10:45
Managing a Run-Off: Developing a Core Team of Run-Off Specialists‚ Attaining Finality‚ and Minimizing Costs
Mr. David Vaughan
Chief Operating Officer
Tawa plc
Mr. John M. Parker
Reinsurance Counsel‚ Senior Vice President - Reinsurance
TIG Insurance Company
Mr. John C. McKenna
Director
Finance & Risk Services‚ Ltd.
Mr. Frank N. Ray
Managing Director and General Counsel
Providence Washington Insurance Solutions LLC
12:15
Networking Luncheon for Speakers and Delegates
13:30
Benefiting from Set-Off Considerations During Run-Off and Commutations
Mr. Russell Bogin
Vice President - Reinsurance and Associate Reinsurance Counsel
The Home Insurance Company in Liquidation
Mr. Donald J. Mros
Counsel
Chadbourne & Parke LLP
Mr. Clifford H. Schoenberg
Partner
Mayer Brown LLP
1 file
Benefiting From Set-Off Considerations- During Run-Off And Commutations
1.5 MB 31 pages Presentation
PPT - Benefiting From Set-Off Considerations-During Run-Off And Commutations
14:30
Extracting Maximum Value From a Run-Off Portfolio in the Wake of the Economic Downturn
Ms. Susan E. Grondine
General Counsel
Cavell America
1 file
EXTRACTING MAXIMUM VALUE FROM A RUN-OFF PORTFOLIO IN THE WAKE OF AN ECONOMIC DOWNTURN
76 KB 6 pages Presentation
PPT - EXTRACTING MAXIMUM VALUE FROM A RUN-OFF PORTFOLIO IN THE WAKE OF AN ECONOMIC DOWNTURN
Mr. Jamie Saitch
CEO
Minster Insurance Company Limited
Anna Petropoulos
CEO
Apetrop Ltd.
15:45
Afternoon Refreshment Break
16:00
Achieving Effective Commutations: Finding the Common Ground Between Cedents‚ Reinsurers‚ and Retrocessionaires
Ms. Katherine Barker
President
Armour Risk Management Inc.
1 file
Achieving Commutations
303.5 KB 14 pages Presentation
PPT - Achieving Commutations
Ms. Diane Myers
Vice President - Director of Commutations
Reliance Insurance Company (In Liquidation)
Mr. Peter J. Doyle
Senior Vice President‚ Business Run-Off Operations
Munich Reinsurance America‚ Inc.
William M. Popalisky
Of Counsel
DLA Piper
1 file
COMMUTATION NUTS AND BOLTS
218.5 KB 11 pages Presentation
PDF - COMMUTATION NUTS AND BOLTS
17:15
Conference Adjourns
8:00
Continental Breakfast
8:30
Co-Chairs' Remarks
8:45
Regulatory Roundtable: Emerging Regulations and Their Impact on Insurance Insolvencies and the Run-Off Market
Dennis J. Hayes
Special Deputy Superintendent
New York Liquidation Bureau
Joseph Torti, III
Associate Director and Superintendent of Insurance
Rhode Island Department of Business Regulation‚ Insurance Division
1 file
Voluntary Restructuring of Solvent Insurers
140.9 KB 15 pages Presentation
PDF - Voluntary Restructuring of Solvent Insurers
Sandy Praeger
Commissioner
Kansas Insurance Department
Mr. Norris W. Clark
Financial & Regulatory Specialist
Locke Lord Bissell & Liddell LLP
2 files
Alternative Mechanisms for Troubled Insurance Companies
1.3 MB 121 pages Presentation
PDF - Alternative Mechanisms for Troubled Insurance Companies
Clark.N.1b
23 KB 1 page Presentation
DOC - Clark.N.1b
Ms. Francine Semaya
Partner‚ Chair of the Insurance Regulatory and Transactional Practice Group
Nelson Levine de Luca & Horst
10:15
Morning Coffee Break
10:30
Conflict Resolution: Strategies for Resolving Disputes Quickly and Cost-Effectively
Mr. Paul Aiudi
Assistant General Counsel
American International Group‚ Inc.
Mr. Richard White
Deputy Liquidator
Integrity Insurance Company in Liquidation
Mr. James A. Shanman
Partner
Edwards Angell Palmer & Dodge LLP
Robert W. Tomilson
Co-Chair, Reinsurance, Practice Group
Cozen O'Connor
Mr. Larry Schiffer
Partner
Patton Boggs LLP
3 files
Leveling the Playing Field: An Analysis of Neutrality Issues in Reinsurance Arbitration
70.2 KB 5 pages Presentation
PDF - Leveling the Playing Field: An Analysis of Neutrality Issues in Reinsurance Arbitration
Strategies for Resolving Disputes Quickly and Cost-Effectively
396.5 KB 8 pages Presentation
PPT - Strategies for Resolving Disputes Quickly and Cost-Effectively
MIRROR, MIRROR ON THE WALL
44 KB 11 pages Presentation
DOC - MIRROR, MIRROR ON THE WALL
12:00
Schemes of Arrangement‚ Part VII Transfers‚ and Their Impact on the Run-Off Market
Mr. Klaus Kune
Vice President‚ Chief Coordinator Run Off Solutions
Hannover Re
1 file
EU and UK Regulatory Tools, and Their Impact on the Run Off Market
593 KB 10 pages Presentation
PPT - EU and UK Regulatory Tools, and Their Impact on the Run Off Market
Mr. Anthony Vidovich
Vice President & Assistant General Counsel
The Hartford
1 file
Vidovich-Materials
933.8 KB 66 pages Presentation
ZIP - Vidovich-Materials
Ms. Teresa Snider
Partner
Butler Rubin Saltarelli & Boyd LLP
2 files
Schemes of Arrangement, Part VII Transfers and Run-Transfers, Their Impact on the Off Market
169.3 KB 6 pages Presentation
PDF - Schemes of Arrangement, Part VII Transfers and Run-Transfers, Their Impact on the Off Market
Selected Resources for U.S. Perspectives on Run-Off Alternatives
103.7 KB 2 pages Presentation
PDF - Selected Resources for U.S. Perspectives on Run-Off Alternatives
Mr. Neil Golding
Partner
Freshfields Bruckhaus Deringer LLP
1 file
Golding-Materials
461 KB 89 pages Presentation
ZIP - Golding-Materials
13:00
Conference Ends