Speakers Presentations 2015
Monday, June 8, 2015
Specialty Session: A-1 – Intro to Captives and the Bermuda Domicile (1 CPE)
Basic introduction to captives, benefits, Bermuda history & statistics
Specialty Session: A-2 – Captive Investment 101 (1 CPE and 1 ICCIE)
Introduction to captive investments
Specialty Session: A-3 – Captive Case Study (1 ICCIE)
Captive Owner case study. “How Captives are supposed to work”. Discussion to include risk assessment, successful lines of business written, and types coverages Risk managers wished that had not covered by their captive.
Specialty Session: A-4 – Technical Briefs: IFRS, GAAP, Tax, Solvency II, etc (1 CPE and 1 ICCIE)
This session will examine changes to technical matters associated with captives.
Relevancy of the Bermuda Market in a Fast Changing World
The Bermuda International Insurance Market is an innovative solution oriented, dynamic and entrepreneurial marketplace that has continued to evolve from its origins in the mid 1980’s and early 1990’s as a source of risk capital for liability insurance and property cat to provide broad- based coverage in multiple lines of reinsurance and insurance. How is globalization, regulation, big data, distribution and alternative capital impacting the relevancy of the Bermuda International Excess Market?
Tuesday, June 9, 2015
Insurance/Reinsurance Company Restructuring Opportunities (1 ICCIE)
Discuss and provide examples of successful restructurings, including re-domiciling, the use of cell captives in the winding down of companies and programs through novation/commutation/liquidation, etc. To review benefits, costs, timing, regulatory requirements, and the administration thereon.
Intercompany Loans: Why or Why Not? (1 ICCIE)
This interactive session will explore the increasing use of intercompany loans from a captive to its parent, in-group finance company or group pool. Ratings and actuarial experts will discuss the implications of this arrangement on financial strength, confidence level funding, surplus position, tax profile and risk/reward trade-off. Finally, a captive owner will present a case study of their own strategic use of an intercompany loan, including opportunities pursued, rewards reaped and lessons learned. This session will be a webcast.
Finding Investment Opportunities (1 ICCIE)
Finding attractive investment opportunities has become a familiar challenge in a world of low to negative yields, tight spreads, and high equity prices. David Gibbons will lead a discussion with key investment industry players on what insurers are and can do to increase yield without adding too much additional risk to their portfolios.
Healthcare Captives: A discussion how to use a captive as a tool for capitated risk contracts, tail coverage for physician group acquisition, HMO reinsurance, and Employer Stop Loss.(1 CPE and 1 ICCIE)
This session will advise healthcare captive owners on the rapidly changing environment and how innovation is needed to realign captives with new strategic objective (including a captive study).
Lunch with Keynote Speaker – Cyber Crime (1 CPE) – Sponsored by Bermuda Commercial Bank Limited and the Bermuda Business Development Agency
Surviving Financial Hurricanes: How innovative E-CAT (Economic Catastrophe) insurance and reinsurance can mitigate the impact of the next financial crisis and save your business.
Insurance and Reinsurance are in the midst of an era of unprecedented change. The leading edge lies in new methods of delivery and new markets. Alternative Capital and ILS are driving industry changes; while E-CAT is opening new opportunities and ways of managing economic and financial risks, uncorrelated with and distinct from the traditional NatCAT markets. Discussion will provide an introduction to alternative capital, together with an overview of E-CAT as a valuable tool for Risk Managers and Captive Owners.
Group Captives (1 CPE and 1 ICCIE)
Assuring the Growth and Success of your Agency/Group Captive -” a pot of honey or a hornet’s nest”. Discussions include sharing of risk, investment portfolios, tax matters
Segregated Accounts and other alternative risk transfer structures (1 CPE and 1 ICCIE)
Discussion of the increasing development and use of Segregated Accounts as a means of alternative risk transfer sider for a wide variety of covers.
“Thinking” of Rating your Captive? (1 CPE &1 ICCIE)
This session will provide valuable information on the rating process as well as the benefits and challenges of obtaining a rating. Gain insight and perspective directly from a captive owner of a Panama company with a Bermuda based captive as well as a captive manager as they discuss reasons for seeking a rating, benefits of having achieved it and the challenges they faced along the way.
Wednesday, June 10, 2015
Global Market Outlook
Economist share their opinions on the global financial and economic outlook. HSBC & Barclays
Captive Capital and Collateral Efficiency (1 ICCIE)
When closing a captive or transferring a risk portfolio isn’t the right answer, what are your options? Sometimes your captive is prospering but collateral is tied up with fronting carriers, clouding your letter of credit facility or generally causing balance sheet drag. What are the best strategies for redeploying capital? Rather than closing or divesting yourself of your captive or risk portfolio, sometimes it is a better choice to repackage what you have, cap your exposure and turn some of your collateral into surplus and distributable cash.
US Tax Update
This session will address the latest US tax developments affecting offshore insurance entities. The panelists will address the US Court of Appeals for the DC Circuit´s decision in Validus, the Tax Court´s decision in Securitas, and proposed regulations pertaining to the insurance exception within the passive foreign investment company (“PFIC”) provisions.
Intro to Captives and the Bermuda Domicile for Latam companies Spanish & English – (Simultaneous Translation Provided)
Basic introduction to captives, benefits, Bermuda history & Stats
Claims and Managing Excess Carrier Relationships (1 ICCIE)
Discussions on Litigation and Claims Handling approach, and the unique claims situations that require both captive and excess insurer’s participation in navigating that relationship to achieve the best outcome
LATAM Captives Case Study Spanish & English – (Simultaneous Translation Provided) (1 CPE and 1 ICCIE)
Overview of LATAM captive related tax and regulatory issues, and how they differ by country and how the impact can be mitigated by using a captive. Discussion to also summarize TIEA´s in place between LATAM and Bermuda.
Getting Employee Benefits and Pension Programs into your Captive (1 CPE and 1 ICCIE)
Placing US and Global EB’s in your captive – how and why’s, and Self insuring Pensions in your captive.
JUN10-GARDENIA3-1230-BCC 2015 Getting Employee Benefits Coca-Cola Presentation (Apter)
JUN10-GARDENIA3-1230-BCC 2015 Getting Employee Benefits Maxis Presentation (Stoker)
JUN10-GARDENIA3-1230-BCC 2015 Getting Employee Benefits Microsoft Presentation (Seaburg)
Global Fronting Spanish & English – (Simultaneous Translation Provided) (1 ICCIE)
Discuss the How’s and Why’s of fronting – Structuring of global insurance programs, collateral requirements, regulatory compliance, etc.
Corporate Governance (1 CPE and 1 ICCIE)
With the increasing focus on director accountability, the question for boards is how to ensure that the company has the right people to set the company´s strategic aims, provide leadership to put them into effect, supervise the management of the business and report to shareholders on their stewardship. In this session, we examine a number of key components of effective board practices that support the evolving responsibility of directors.
ERM Approach to Strategic Captive Management (1 CPE and 1 ICCIE)
Understanding an organization’s complete risk profile encompasses much more than isolated silo risks. It is crucial in deciding how to optimize a captive facility, to look at the cross-enterprise picture and identify insurable and non- insurable risks that require treatment. Analyzing the potential loss, probability of occurrence and opportunity and cost to address helps prioritize limited resources to mitigate impact on both parent owner and captive subsidiary operations.
Emerging Risks/Hottest Trends (1 ICCIE)
Discuss the types of emerging risks and coverage available in the commercial market and through use of a captive. Further discussions on how captives are growing and how captive owners are utilizing their captives for a wide variety of unique risks, including Cloud coverage, infectious diseases, etc