2014

Registration & Continental Breakfast

Opening Remarks

• Bill Keogh, Chief Executive Officer, Advisen (US)

Welcoming Remarks

• Chris Warrior, Head of Management Liability, Hiscox (UK)

Morning Keynote by Kurt Karl, Chief Economist, Managing Director and Head of Economic Research & Consulting, Swiss Re (Switzerland)

Kurt Karl has been recognised repeatedly for his economic forecasting accuracy. Dr. Karl’s insights into the forces driving global insurance markets are valued by insurance industry decision makers around the world. What’s ahead for insurers and insureds alike? Kurt will share his near-term and longer views.

Advisen’s Statistical View of the Marketplace

• David Bradford, President, Research & Editorial division, Advisen (US) (Moderator)
• Enrico Nanni, Managing Director, Chief Commercial Officer, Aon Risk Solutions (UK)

Managing Global D&O Risks

Companies of all sizes now are engaging in the global business economy. This session will examine the exposures of directors and officers as their companies expand, with a particular focus on director and officer indemnification issues. Panelists also will offer their insights into when locally issued D&O policies are necessary or desirable, and will discuss the most effective way to structure a global management liability insurance program.

• Rebecca Bole, Director of Editorial Strategy & Products, Advisen (Moderator)
• Wendie Le Vey, Partner Head of Global Services Risk Practice, JLT Specialty (UK)
• George Melides, Head of Management Liability for Europe, Middle East and Africa, Zurich (UK)
• Claudia Valencia Lascar, Commercial Institution Head for Financial lines, AIG (UK)

Morning Break

The Eurozone economy and its impact on D&O exposures

“Weak growth and nasty surprises” is how The Economist described the Eurozone economy. Corporate bankruptcies remain at an elevated level, exposing directors and officers of insolvent companies to increased risk of lawsuits by trustees and other stakeholders, and almost all companies and their directors and officers to claims arising from heightened counterparty risks. This session will discuss how the economic landscape affects D&O risk. Panelists also will discuss the complications associated the insolvency of an international company.

• Tristan Hall, Partner, Sedgwick LLP (UK) (Moderator)
• Giovanni Fanizza, Line of Business Manager – Liability and Financial Lines, Gen Re – A Berkshire Hathaway Company (Spain)
• Alex Morgan, Head of Financial Institutions and Management Liability, Zurich (UK)
• Rachid Safa, Partner, Safa Law Offices, Paris, New York, Beirut (France)
• Alexander Stampf, Underwriting Manager, HCC Global (Spain)

Developments in European Collective Actions

Panelists will discuss the implications to directors and officers of significant emerging issues such as class action legislation in France and pending corporate governance changes in the UK.

• Moya Stevenson, Senior Claims Counsel, Swiss Re Corporate Solutions (Switzerland)

Conference Luncheon

The Risk Manager’s Perspective on the D&O Market

What do risk managers perceive as the most significant risks to their companies’ directors and officers? Is the insurance market doing a good job of addressing those risks? What are their frustrations in dealing with insurers and brokers? What alternatives to insurance, if any, are being employed to manage these risks? A panel of risk managers will discuss the range of risks to their organisations’ directors and officers and evaluate the effectiveness of their brokers and insurers in addressing their needs and concerns.

• David Bradford, President, Research & Editorial division, Advisen (US) (Moderator)
• Guillaume Deschamps, D&O Practice Leader, Continental Europe, Marsh (France)
• Julia Graham, Director of Risk Management and Insurance, DLA Piper and President of FERMA (UK)

It’s getting personal. The focus of legislators, regulators and prosecutors is increasingly on individual accountability rather than simply on corporate responsibility.

It’s not just anti-corruption legislation but also in the fields of anti-trust matters, environmental, health and safety, tax, sanctions, money laundering, the regulated sector and financial reporting that individuals are being targeted. No longer does the corporate veil provide the protection to managers that it once did. This trend looks set to continue and strengthen. Against that background, it is timely to consider how well suited D&O insurance is to meet these new challenges. Does the product need to adapt and, if so, how? Does the one size fits all approach still hold good? A panel of experts will debate these issues.”

• Francis Kean, Executive Director, FINEX Global, Willis (UK) (Moderator)
• Noona Barlow, EMEA Head of Financial Lines Claims, AIG (UK)
• Kevin LaCroix, Executive Vice President of RT ProExec, RT Specialty (US)
• Victoria Watson, Claims Manager – Financial Lines, Financial & Specialty Markets division, QBE Europe (UK)

Afternoon Break

Privacy and Network Security Issues for Directors and Officers

Increasingly, directors and officers are being held accountable for the security of customer information and other sensitive data under the control of their companies. In the U.S., directors of companies who have been breached are being sued by shareholders, and regulators are ramping up investigations of board-level data governance activities. What are the responsibilities of European directors and officers for data security? Will they also be targeted by shareholders, regulators and other stakeholders? A panel of legal experts in management liability, privacy and network security will present their insights.

• Kevin LaCroix, Attorney & Executive Vice President, RT ProExec, RT Specialty (US) (Moderator)
• Neil Arklie, Senior Underwriter, Cyber, Technology, and Construction, Swiss Re Corporate Solutions (UK)
• Cristiana Baez-Safa, Head of European Financial and Specialty Markets, QBE Europe (UK)
• Julia Graham, Director of Risk Management and Insurance, DLA Piper and President of FERMA (UK)
• Geoff White, Underwriting Manager, Cyber, Technology and Media, Barbican (UK)

Afternoon Keynote Address by Kelly Lyles, Chief Executive, Global Professional Lines, XL (UK)

Kelly Lyles was appointed Chief Executive of Global Professional Lines at XL in June 2014. She spent the previous twenty nine years at AIG in various senior leadership roles throughout Europe and EMEA. She will invoke her experiences at the helm of large European insurers to comment about the current state of Management & Professional lines of business.

Closing Remarks & Reception