2018 Seminar on Reinsurance

Event Details

-
Eastern Eastern

New York Marriott at the Brooklyn Bridge
333 Adams St.
Brooklyn, NY 11201
(718) 246-7000

5/14/2018

About This Event

The purpose of this seminar is to provide information on a variety of reinsurance topics. Practical approaches to problems will be presented and discussion will be encouraged. Participants can expect to gain awareness and insight into difficult issues and are encouraged to share their own ideas.

Event Information

Continuing Professional Education Credit

The CAS Continuing Education Policy applies to all ACAS and FCAS members who provide actuarial services. Actuarial services are defined in the CAS Code of Professional Conduct as “professional services provided to a Principal by an individual acting in the capacity of an actuary. Such services include the rendering of advice, recommendations, findings, or opinions based upon actuarial considerations.”

Members who are or could be subject to the continuing education requirements of a national actuarial organization can meet the requirements of the CAS Continuing Education Policy by satisfying the continuing education requirements established by a national actuarial organization recognized by the Policy.

This seminar may qualify for up to 13.5* CE credits for for CAS members. The ILS Workshop activity may qualify up to 3 CE Credits. Participants should claim credit commensurate with the extent of their participation in the activity. CAS members earn 1 CE credit per 50 minutes of educational session time not to include breaks or lunch.

*The amount of CE credit that can be earned for participating in this activity must be assessed by the individual attendee. It also may be different for individuals who are subject to the requirements of organizations other than the American Academy of Actuaries.

Paperless Meeting

Green seminars incorporate environmental considerations to minimize negative impacts on the environment. The CAS has taken a step in that direction by making the Reinsurance Seminar “paperless,” which means:

  • Paper copies of session handouts will not be provided in the meeting rooms.
  • Paper copies of the list of attendees will not be distributed, though a few copies will be available for review at the Reinsurance Seminar registration desk.
  • Seminar evaluations will be administered electronically
  • Session slides will be posted on the CAS Web Site at least two weeks in advance of the Reinsurance Seminar so that attendees can download, print, and bring handouts as desired. Please note that not every presenter will choose to provide a presentation for his or her session.

Once at the Reinsurance Seminar, attendees are encouraged view the list of attendees online, complete the online evaluation forms, and download presentations for the sessions they attend.

The CAS appreciates your participation in this effort to reduce the Seminar’s carbon footprint and impact on the environment.

University of CAS (UCAS)

University of CAS, Education is just a click away.Visit the University of CAS to begin an all new experience in education. UCAS provides a virtual world of opportunities to help enhance your professional education needs. Through capture of live content from CAS meetings and seminars, UCAS will offer a variety of session presentations, audio recordings, podcasts, and recorded Webinars.

Most of our sessions from the 2018 Seminar on Reinsurance will be recorded and available to seminar attendees for a discounted price of $50.

Attire

Business casual attire is suggested for all sessions as well as all evening functions. Since meeting room temperatures and personal comfort levels vary, it is recommended that you bring a sweater or jacket to the sessions. In New York City. the average high temperature during June is 75 degrees and the average low is 60 degrees.

Consent to Use of Multimedia

Registration and attendance at or participation in CAS meetings, seminars, and other activities constitutes an agreement by the registrant to the CAS use and distribution (both now and in the future) of the registrant or attendee’s image or voice in photographs, videotapes, electronic reproduction, and audiotapes of such events and activities.

Contact Information

  • For more information on Reinsurance Seminar educational content, please contact CAS Manager of Professional Education, Vincent Edwards at vedwards@casact.org.
  • For more information on attendee registration, please e-mail arc@casact.org.
  • For more information on the Reinsurance Seminar other than registration or content issues, please e-mail meetings@casact.org.
  • For more information on other CAS opportunities, or for more information regarding administrative policies such as complaints and refunds, please contact the CAS Office at (703) 276-3100 or by email.

 

Program guide
Planning committee

Bruce D. Fell, Chairperson
Aaron Charles Koch, Vice Chairperson

Athula Alwis
Timothy Paul Aman
Raju Bohra
Subhayu Bose
John W. Buchanan
Lon Chang
Isaac R. Espinoza
John R. Ferrara
Joshua L. Fishman
Julie K. Halper
Daniel Patrick Jaeger
Trevor James Leitch
Jennifer Middough
Joseph A. Milicia
Stephanie Gould Rabin
Zilan Shen
HongTao (Heidi) Wang
Mark Russell Westmoreland
Xingzhi Wu
Albert Zhou

Vincent L. Edwards, Staff Liaison
Leanne Wieczorek, Staff Liaison

Lodging

New York Marriott at the Brooklyn Bridge
333 Adams St.
Brooklyn, NY 11201
(718) 246-7000

Hotel Overview

Completely transformed and brimming with contemporary style, the New York Marriott at the Brooklyn Bridge provides an unforgettable destination for your city adventure. Our hotel is just across the East River from Manhattan, near the vibrant neighborhoods of Brooklyn Heights and DUMBO. The subway station is moments away, as is the iconic Brooklyn Bridge. Spacious, stunningly designed rooms and suites offer plush pillowtop bedding, wall-mounted flat-screen TVs, modern workspaces and locally-inspired artwork. Some of our accommodations feature private terraces with sweeping views of downtown Brooklyn and the Manhattan skyline. Stop by The Bar or Brooklyn Pantry for locally sourced food and drinks, complemented by striking city vistas. Additional perks at our luxury hotel include an indoor pool and a fitness center, as well as comprehensively renovated venue spaces; our Grand Ballroom is one of the largest venues in the area. Your downtown getaway awaits at the New York Marriott at the Brooklyn Bridge.

Room Rate and Reservations

The room rate is $309.00 for single room, plus taxes, and reservations must be made prior to Monday, May 21, 2018.

Reservations may be made online or via telephone:

  • Online Reservation Link:
  • Phone Reservations: 877-303-0104 Group Name: CAS Reinsurance Seminar

A limited number of rooms have been reserved for the evenings of Sunday, June 3; Monday, June 4.

While reservations must be made prior to Monday, May 21, 2018, in order to receive the $309.00 rate, there is no guarantee that rooms will be available should you wait until this date. The CAS strongly suggests that you make your room reservations early to receive a room before the room block fills.

Important Information Regarding Official Reinsurance Seminar Hotel

The Casualty Actuarial Society is able to conduct high-quality seminars at desirable sites for a reasonable registration fee because a block of hotel rooms is reserved for meeting attendees. In exchange for filling the required number of sleeping rooms, the CAS is permitted to use the hotel's meeting space at no cost, thus keeping registration fees low. In addition, meeting attendees receive a reduced rate for their sleeping rooms over leisure travelers. We kindly request that all meeting attendees take advantage of the group rate and stay at the official Reinsurance Seminar property, the New York Marriott at the Brooklyn Bridge.

Sponsors

Sponsorship Opportunities

Contact Mike Boa at (703) 562-1724 or mboa@casact.org, for details on becoming a sponsor at the event.

Download a copy of the 2018 Sponsor prospectus.

Diamond Partner, Give Away Item Sponsor

Pryor Associates Executive Search

Pryor Associates Executive Search
"It Takes One To Know One...An Actuary Placing Actuaries"

Named a top recruiting firm by Dun & Bradstreet, Pryor has 40 years of insurance (P&C, Health, Life, Pensions & Investments) experience.

Pauline Reimer, ASA, MAAA, has headed the Actuarial Placement Division since 1986, after working as an actuary in insurance and consulting firms. Proudly the CAS's first Platinum Partner, she is also on the SoA's Entrepreneurial Section Council, the Executive Board of ASNY, and the Advisory Boards of both Columbia University's MS in Actuarial Science program and New York University's BS in Actuarial Science program.

Quoted in periodicals and television, Pauline handles each step of every actuarial assignment personally—no client is ever relegated to just an Assistant. Her impressive placement records of 99% retention rate and 100% success ratio in retained searches confirm her status as one of the most successful actuarial recruiters worldwide.

Giveaway Item Sponsor

Carrier Management

Carrier Management LogoCarrier Management serves the information needs of p/c insurance company boards of directors and C-suite officers. It is a dedicated magazine, website, and newsletter in the style of Harvard Business Review. It features how-to articles from p/c industry experts, executive interviews, and insights on insurance leadership and management.

Giveaway Item Sponsor

The CAS Institute (iCAS)

The CAS Institute Logo

The CAS Institute, or iCAS, is a subsidiary of the Casualty Actuarial Society offering new credentials and specialized professional education for quantitative professionals. iCAS specialty credentials are separate from actuarial credentials and are designed for any professional seeking specialized recognition in quantitative practice areas such as predictive analytics, data science and catastrophe model analytics. Professionals can leverage this recognition in order to enhance their skills, set themselves apart from other professionals, secure additional job duties, attract premium compensation and/or advance their careers.
The first credentials currently being developed and granted by The CAS Institute focus on predictive analytics and data science; additional credentials will follow in other areas of specialization such as catastrophe modeling, capital modeling and quantitative reinsurance analysis. The CAS has partnered with The Institutes, a leading global provider in education, to ensure that the iCAS credentialing process meets the highest standards of excellence in professional education. The CAS Institute began offering its programs in the latter part of 2016.

Other information

Overview

Casualty Actuaries in Reinsurance, or CARe, was founded in 1988 by a group of reinsurance actuaries who saw the need for a forum to discuss their common practical issues and to foster reinsurance research and education. CARe was later organized as a special interest section of the CAS.

CARe is guided by the Senior Actuaries Group, which is composed of chief actuaries active with reinsurance firms. The Senior Actuaries Group meets during each CARe meeting to advise the two CAS committees primarily involved in reinsurance practice. CARe also conducts its annual business session during this meeting and elects new officers at that time.

 

General sessions

General Session 1: The Dueling Brokers: Pricing Edition

During this panel discussion we will have three brokers with three different perspectives. Let’s hear about their opinions on where we are in the market today, where we have been, and what we could see on the horizon. Questions the panel will consider:

  • Will we hit a hardening market or is that concept a dead duck? What will that look like? Will it feel like the world post-KRW or post 9/11?
  • What would it take to get to a hard market?

Moderator:
Tony Baldo, The Insurance Insider
Panelists:
Stephanie Rabin, Head of Corporate Strategy, Holborn Corporation
Andrew Marcell, President, Aon Benfield
James Bradshaw, CEO, Willis Re

General Session 2: Market Capacity – Now and the Road Ahead

Three reinsurance company and fund executives will discuss reinsurance market capacity from both a U.S. and global perspective. The panel will also discuss the influences of alternative capital options. More specifically, we will explore:

  • What the capacity landscape will look like on the horizon.
  • The ILS market and its breadth of exposure for the path ahead.
  • The impact of recent US tax law changes on appetite for capacity.
  • If there are any other alternative capacity sources to look for.
  • If the Pension fund will play a substantial force going forward.

Moderator:
Bruce Fell, Deloitte
Panelists:
Michael Millette, Founder and Managing Partner, Hudson Structured Capital Management Ltd
Keith Wolf, President US P&C - Regional & National, Swiss Re
Rob Bredahl, President & CEO, Third Point Reinsurance (USA) Ltd.

 

Workshops

CARe Insurance-Linked Securities (ILS) Workshop

The CARe Insurance-Linked Securities (ILS) Workshop is the first limited-attendance seminar hosted by the CAS with a primary focus on the ILS and alternative capital market. Held in conjunction with the 2018 Seminar on Reinsurance in Brooklyn, it will provide attendees with a networking and education opportunity that explores the key issues, instruments, and participants in the ILS market. Market-leading experts will lead a series of discussion panels over the course of the afternoon of Tuesday, June 5th, providing insight into key market issues such as the aftermath of the 2017 hurricane season; expansion of the market into new instruments and perils; and alternative capital’s role in the future of the reinsurance markets.

ILS participants will begin their day networking over lunch with seminar registrants, attend the Tuesday general session and end with a focused workshop.

ILS Workshop Schedule (Additional Fee of $350)

 

 

General sessions

General Session 1: The Dueling Brokers: Pricing Edition

During this panel discussion we will have three brokers with three different perspectives. Let’s hear about their opinions on where we are in the market today, where we have been, and what we could see on the horizon. Questions the panel will consider:

  • Will we hit a hardening market or is that concept a dead duck? What will that look like? Will it feel like the world post-KRW or post 9/11?
  • What would it take to get to a hard market?

Moderator:
Tony Baldo, The Insurance Insider
Panelists:
Stephanie Rabin, Head of Corporate Strategy, Holborn Corporation
Andrew Marcell, President, Aon Benfield
James Bradshaw, CEO, Willis Re

General Session 2: Market Capacity – Now and the Road Ahead

Three reinsurance company and fund executives will discuss reinsurance market capacity from both a U.S. and global perspective. The panel will also discuss the influences of alternative capital options. More specifically, we will explore:

  • What the capacity landscape will look like on the horizon.
  • The ILS market and its breadth of exposure for the path ahead.
  • The impact of recent US tax law changes on appetite for capacity.
  • If there are any other alternative capacity sources to look for.
  • If the Pension fund will play a substantial force going forward.

Moderator:
Bruce Fell, Deloitte
Panelists:
Michael Millette, Founder and Managing Partner, Hudson Structured Capital Management Ltd
Keith Wolf, President US P&C - Regional & National, Swiss Re
Rob Bredahl, President & CEO, Third Point Reinsurance (USA) Ltd.

 

Workshops

CARe Insurance-Linked Securities (ILS) Workshop

The CARe Insurance-Linked Securities (ILS) Workshop is the first limited-attendance seminar hosted by the CAS with a primary focus on the ILS and alternative capital market. Held in conjunction with the 2018 Seminar on Reinsurance in Brooklyn, it will provide attendees with a networking and education opportunity that explores the key issues, instruments, and participants in the ILS market. Market-leading experts will lead a series of discussion panels over the course of the afternoon of Tuesday, June 5th, providing insight into key market issues such as the aftermath of the 2017 hurricane season; expansion of the market into new instruments and perils; and alternative capital’s role in the future of the reinsurance markets.

ILS participants will begin their day networking over lunch with seminar registrants, attend the Tuesday general session and end with a focused workshop.

ILS Workshop Schedule (Additional Fee of $350)