Agenda

07.50-09.00

Registration and Coffee in the Pre-Function Area sponsored by Noria

 

PLENARY: BROADGATE I & II

08.05-08.55

P&I Breakfast Briefing: The Future of P&I

With P&I Clubs increasing prices, this breakfast session looks at the future of the P&I market. We ask the question, should clubs be telling their members what to do when it comes to matters of sustainability? The session will also delve into how P&I cover is chosen by brokers and owners. Is it just a matter of ratings and price? Is the question of instability opening opportunities for P&I fixed premium providers?

Moderator: Demian Smith, Managing Director, Head of Mutual, Agency and Captive Reinsurance Solutions Global Marine and Energy, Guy Carpenter

Panellists: Guy Pierpoint, Portfolio Manager, British Marine P&I

Thya Kathiravel, Chief Underwriting Officer, North P&I Club

Nick Adams, Business Development Leader, Marsh

Magne Nilsen, Chief Underwriting Officer, Gard

Joseph Hughes, Chief Executive Officer, American P&I Club

08.55-09.00

Welcome Address: Jos Standerwick, Chief Executive Officer, Maritime London

09.00-10.00

Panel Discussion: London – The Centre of the Marine World?

For centuries, London has been the beating heart of the maritime world as communication, speed and efficiency are key, but is that true of the London market today? This session will also examine how new market entrants (brokers, MGAs and insurers) are re-shaping the market. Are all of them in it for the long haul? The session will also take into consideration the impact of Lloyd’s Decile 10 initiative on the marine insurance sector. The panel also discusses other global regions that have gained ground on or surpassed London and asks why?

Moderator: Julian Clark, Global Senior Partner, INCE

Panellists: Richard Turner, President, International Union of Marine Insurance (IUMI)

David Cox, Chief Executive Officer, MatthewsDaniel

Matt Roles, Head of Underwriting Performance, Lloyd’s of London

Iain Henstridge, Head of Hull, Apollo Underwriting

Paul Greensmith, Head of Global Specialty, AIG

10.00-11.00

Panel Discussion: Sustainability and Marine Insurance

Sustainability might be the buzzword of the moment, but how does the marine insurance sector embrace new ways of thinking without paying too heavy a price? This session examines the importance of measurable actions, while ensuring that it is not just a case of greenwashing. We study the role of marine insurance in the ESG conversation and evaluate the role of marine insurers in supporting the industry through the transition to alternative fuels and the wider ESG agenda. What are the costs to insurers if they get it wrong?

Moderator: Simon Jackson, Partner, Clyde & Co

Panellists: Lars Lange, Secretary General, International Union of Marine Insurance (IUMI)

Nick Shaw, Chief Executive Officer, International Group of P&I Clubs

Patrizia Kern Ferretti, Head of Marine, Director Products and Global Markets, Swiss Re Corporate Solutions

Sylvain Gauden, Chief Underwriting Officer Marine and Energy, SCOR

11.00-11.30

Coffee and Networking in the Pre-Function Area

 

BROADGATE II

BROADGATE I

11.30-12.00

Fireside Chat: Fuels: Opportunities and Threats – The Latest State of Play

Fireside Chat: Global Supply Chain Disruption – Implications on Stock Throughput and Warehouse Accumulation

The environmental agenda has been forcing changes to fuel and emissions. We look at the latest state of play in terms of fuel, its use and the challenges faced by shipping interests in managing these risks. We also consider the potential impact of the EU Monitoring Reporting Verification Act, coming into force in 2022 and requiring ships to disclose their emissions. We look at how this might change the appetite for risk among insurers as they gain increased visibility of their insureds.

Is the just-in-time model sustainable in the post-pandemic world and as supply chains become stressed? We take stock of the supply chain problems of the past year. We also analyse the impact of changing distribution patterns on cargo and stock throughput and the implications of port and warehouse accumulations for insurers.

 

Presenters: Nick Brown, Chair, International Association of Classification Societies

Roberto Spanu, Senior Risk Engineer Marine, Vice President, Swiss Re Corporate Solutions

Presenters: Juan Carlos Martinez, Chief Executive Officer, Cargo Risk Corporation

Sarah Dyer, Head of Logistics, Marsh

12.00-12.40

Panel Discussion: War Risks – The Reality of Digital Underwriting

Panel Discussion: Cargo Insurance – Fit for Purpose?

There is a lot of talk of digital underwriting and the way it could transform marine insurance, but what is the truth? This session follows the digital journey of war risk insurers, shipowners and maritime law firms, with a particular focus on how digital solutions have helped them respond to the current situation in the Ukraine. We also discuss the future of war risks underwriting; what are the opportunities and challenges, and are we truly prepared to embrace these changes as an industry?

As global demand ebbs and flows, supply chains change shape and global trade patterns shift, we ask whether cargo insurance remains fit for purpose. Does it offer cover where it is most needed? Is the market covering the client’s bespoke needs? We weigh up general average and its role in the modern shipping world and we discuss whether the cargo market is able to cope with the cost of mega-ship casualties.

Moderator: Svein Ringbakken, Managing Director, Den Norske Krigsforsikring for Skib (DNK)

Panellists: Irene Phillips, Managing Director, Osprey Solutions

Sundeep Kheera, Master Mariner, Global Head of Hull and Head of Marine, UK and Lloyd’s, AXA XL

Doug Spooner, Chief Risk Officer, Siem Shipping

Chris Zavos, Partner, Kennedys

Moderator: Paul Calvert, Senior Market Services Executive, International Underwriting Association

Panellists: Will Ripley, Divisional Director Marine and Cargo, GAWS of London

Aimee Nolan, Cargo Line Underwriter, Hiscox

Melanie Buitendag, Associate Director Cargo, Gallagher

12.40-13.00

Presentation: Crew Welfare and Quality of Crew

Presentation: The EverGiven – Front Page News

Crew mental health has been well documented over the last few years and reputable organisations have made this one of their top issues to address. The problem is not going to go away and it is certainly one that will remain with the sector for years to come. One of the consequences of the pandemic has been the number of seafarers leaving the sector, generating a huge skill gap as a result. This session explores just how much of a problem this is and what can be done to try and solve it.

The sight of a lone JCB digger on the front page of the tabloids with the quote ‘saving world trade’ certainly put the world’s focus on the marine sector! Hear a first-hand account of how the incident unfolded, the negotiations that took place with the Suez Canal Authority and the challenge of dealing with the biggest shipping story in recent years.

Presenter: Guy Platten, Secretary General, International Chamber of Shipping

Presenter: Alan McKinnon, Chief Claims Officer, UK P&I Club

13.00-14.00

Lunch in the Pre-Function Area

 

BROADGATE II

BROADGATE I

14.00-14.30

Fireside Chat: Lloyd’s Salvage Arbitration Branch

 

14.00-14.15: Presentation: CMA-CGM Libra: Unseaworthiness and Navigation – A Shift in Judicial Thinking?

This session will set out the facts of the Libra case and analyses the recent decision of the Supreme Court, setting out the ‘negligent navigation’ arguments deployed by the Owners and explaining why they were not successful. John then considers how the Libra will impact future cases, including the extent to which (if at all) it marks a shift in judicial thinking against Owners, and the remaining key factual and legal battlegrounds.

Earlier this year, after a campaign from its various stakeholders, Lloyd’s decided its Salvage Arbitration Branch would continue. The question now is, what next? How does the marine insurance market make best use of this facility and will its existence be justified in the future?

Presenter: John Russell QC, Barrister, Quadrant Chambers

14.15-14.30: Presentation: Beyond the Libra – Perspectives on Passage Planning in The Digital Age

 

Moderator: Alistair Johnston, Partner, Campbell, Johnston, Clark

Participants: Ben Harris, Head of Claims – London Branch, Shipowners P&I Club

Phil Norwood, Technical Head, Cargo and Specie, Willis Towers Watson

Richard Janssen, Managing Director, SMIT Salvage

The CMA CGM Libra casualty took place at a time when the industry was in the transitional phase between paper charts and electronic charts, and so the vessel’s working chart was a British Admiralty paper chart. With vessels having to use electronic navigation charts since 2016, the possibility for deck officers to make mistakes while passage planning on ECDIS is one which is of growing concern across the industry (see the MAIB report: ‘Safety Report: ECDIS Application & Usability’, September 2021). We explore the key features of these industry concerns in the context of the now final decision in the CMA-CGM Libra.  

Presenter: Helene Peter-Davies, Legal Director & Master Mariner, Hill Dickinson LLP

14.30-15.10

Panel Discussion: Keeping Abreast of Our Ever-Changing World

Panel Discussion: Vessel and Container Casualties

In this session, we outline the shifting sands of geopolitics around the world. We explore how this might impact trading patterns into the future. We also study the current use of sanctions and how these might change in the coming year, as well as consider the impact for marine insurers and their clients.

 

The past year has been a major challenge for the cargo sector, thanks to the Covid-19 pandemic and subsequent shortage of container vessels. Cargo is still frequently falling off vessels. We investigate what has been happening and ask whether larger vessels are the answer. We also look at some of the most innovative ways to tackle the ever-present problem of mis-declared cargo.

Moderator: Neil Roberts, Head of Marine and Aviation, Lloyd’s Market Association

Panellists: Michelle Linderman, Partner, Crowell and Moring

Daniel Tadros, Chief Legal Officer, American P&I Club

Rosana Boyle, Head of Product, Risk and Compliance, Lloyd’s List Intelligence

Ruth Hosking, Barrister, Quadrant Chambers

Moderator: Caglar Coskunsu, Managing Partner, Cavus and Coskunsu Law Firm

Panellists: Mark Russell, Vice President Head of Cargo Claims, Gard

Donal Keaney, Senior Marine Manager, Ince 

Jos Koning, Senior Project Manager, Marin

Capt. Jeremy Ayling, Master Mariner, TMC Marine

15.10-15.50

Panel Discussion: Ship Detention and Seizure

Case Study: MV Golden Ray – The Largest Wreck Removal in US History

This session considers how state authorities around the world are hardening their approach to detention and seizure. In some regions of the world this could even be considered extortion… This session asks if the insurance industry is adapting fast enough to those changes and although often paid by the war underwriters, should other business lines such as P&I be picking up the bill? At present there is not real incentive for an owner to get their ship back or help their crew. What can be done about this?

The ship capsized onto its side on 9 September 2019, shortly after departing the Port of Brunswick. All crew members were rescued safely, but salvage experts deemed the ship itself, measuring 656 feet long, “a complete loss”. This was the start of one of the most challenging wreck removal projects in recent years. T&T Salvage was contracted in December 2019 for the full and complete removal of the ship and its cargo. The presentation will discuss the various challenges faced during the entire operation, which took place between December 2019 and November 2021. The successful completion of the immense task was a result of great teamwork, full transparency amongst all stakeholders and unconditional trust in the capabilities of the resources deployed during the operation.

Moderator: Richard Young, Head of Marine Hull and War, Beazley

Panellists: George M Chalos, Principal and Founder, Chalos & Co – International Law Firm

Francesco Zolezzi, Claims Manager,CR International – Cambiaso Risso Group

Sam Kendall-Marsden, Global Director of Claims, Standard Club

Presenter: Matthew Cooke, Project Manager and Naval Architect, T&T Salvage

15.50-16.15

Coffee Break in the Pre-Function Area

 

BROADGATE II

BROADGATE I

16.15-17.00

Panel Discussion: The Changing Role of the Broker

16.15-16.40: Presentation: The Art of the Remote Inspection – How to Make the Most out of Your Marine Expert During a Pandemic

Sophie will be discussing the impact of the pandemic on the manner in which marine experts conduct their investigations on behalf of lawyers, P&I, insurers and various other parties. Aside from the joy of travel logistics, tests and last minute covid management, she will include some tips on how best to manage casework when a great deal of the groundwork must be done with the help of a local surveyor, when attendance is impossible. Case examples will include the remote management of nickel ore cargo and the remote management of material/cargo damage on board.

As technology develops, a key question for brokers is relevancy. Is broking heading from a transactional role to one that is more advisory? This session asks whether brokers can continue to deliver value-for-money services in a changing world and how the lack of face-to-face interaction has impacted their business. We consider fee transparency and structures, increased demands for data and insurer selection processes, as well as looking at what their clients want their broker to do. We also examine how different markets use their brokers.

Presenter: Dr. Sophie Parsons CEng FIMMM, Principal Associate, Hawkins

16.40-17.00: Presentation: Gotta Have “Utmost Good” Faith?: The State of Play of Uberrimae Fidei in the U.S.

 

Moderator: Nick Wolfe, Deputy Global Director, North P&I Club

Panellists: Jens Ringefelt, Senior Broker, Edge Norway

Patrick Jordan, Managing Director, Head of Marine, Ed Broking

Stephen Barr, Head of Marine, CNA Hardy

Ronnie Reppe, Chief Executive Officer, Noria Group

This presentation will discuss the split amongst the U.S. Circuit Courts of Appeal on whether uberrimae fidei should be applied to marine insurance contracts and the import of the lack of uniformity amongst the Circuit Courts. The speaker will also examine recent U.S. case law illustrating how the doctrine is applied by federal courts sitting in different Circuits and whether parties to a marine insurance contract can contract out of uberrimae fidei.

Presenter: Corey Greenwald, Partner, Clyde & Co LLP

17.00-17.05

Close Remarks: Jos Standerwick, Chief Executive Officer, Maritime London

17.05-18.00

Drinks Reception

Cannon Events Ltd reserves the right to amend the program and is not responsible for cancellations due to unforeseen circumstances. Cannon Events Ltd accepts no responsibility for statements made orally or in written material distributed by any of its speakers at its conferences. In addition, Cannon Events Ltd is not responsible for any copying, republication, or redistribution of such statement.