Agenda

  

Marine Insurance London 2020: Roadmap for a Sustainable Future

 

08.00-08.55

Registration and Coffee in the Pre-Function Area

 

PLENARY: BROADGATE I & II

08.10-08.50

P&I Club Breakfast Briefing

A look at the last 12 months for the clubs and what lies ahead for the next year. This briefing will look at how the recent results from many P&I Clubs could see the need for improved rates. Four high profile leaders from the clubs will also examine the need for sharing data and discuss the recent view from some quarters of the market that there are too many clubs and they are sitting on too many reserves

Moderator: Frederick W. ‘Billy’ Swaim III, Director, Galloway, Johnson, Tompkins, Burr & Smith

Speakers: Ian Gooch,Chief Executive, London P&I Club

Ståle Hansen, President and Chief Executive Officer, SKULD

Andrew Taylor, Chief Executive Officer, UK P&I Club

Stephen Hawke,Managing Director, P.L. Ferrari & Co. Srl

Paul Jennings, Chief Executive, North of England P&I Club (Group Chairman IG Group)

08.55-09.00

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

09.00-09.30

Opening Keynote Address: Lloyd’s of London

The Performance Director of Lloyd’s of London will review developments in the marine insurance sector at Lloyd’s, followed by a 10-minute Q&A with the audience.

Jon Hancock, Performance Director, Lloyd’s of London

09.30-10.10

Panel Discussion: The Future at Lloyd’s

This session will examine how marine insurance needs to change to fit in with the ‘Future of Lloyd’s Blueprint’. Delegates will hear views from the Chief of Staff at Lloyd’s, an experienced underwriter, a claims broker and a member of the marine insurance Under35’s group. Is the blueprint viable?

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

Speakers: Hugh Selka, Underwriter, Tokio Marine Kiln

Melis Otmar, Claims Director, BMS Group

Hannah Kate Smith, Chief of Staff, Lloyd’s of London

Stuart Newcombe, Active Underwriter, Munich Re Innovation Syndicate

Simon Schnorr,Global Head of Marine, Aviation & Transport Chief Executive Officer, Starstone Underwriting

10.10-10.30

Keynote Address: ESG Sustainability

Based on the many initiatives and expectations concerning environmental, social and governance (ESG) issues and how these are handled by marine insurers, in this session we look at how the International Union of Marine Insurance (IUMI) will play a role by facilitating a dialogue within the IUMI membership and address IUMI members’ positions on ESG issues towards public stakeholders, authorities and industry partners.

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

10.30-10.50

Keynote Address: A Pragmatist’s Guide to Behavioural Analytics and Digitalisation

2019 was a year of real change for the marine insurance industry where digitalisation picked up pace and the adoption of digital technologies came to the fore. 
Whilst these technologies are being implemented to solve a problem and drive efficiencies, the industry has failed to realise the sleeping giant that exists.  What happens when a Broker arrives in Lloyd’s with new digital submissions? What could the optimum process look like? How can the industry prepare for change? And how do we create a new insurance ecosystem built for a sustainable and profitable future?
Concirrus’ Mark Phillips walks through a selection of real-life cases where insurance processes are already changing as a result of technology adoption, from risk selection and pricing, placement, management of client portfolios and the use of capital. Drawing on insights nurtured through collaboration with the industry and other insurtechs, he believes that the industry is on the precipice of opportunity to do things differently.

Mark Phillips, Head of Sales, Concirrus

10.50-11.20

Coffee Break and Networking

 

BROADGATE II

BROADGATE I

11.20-12.20

Case Study Session

Case Study Session

11.20-11.40: Case Study: Brillante Virtuoso

“a fraudulent conspiracy … [seemingly] … unprecedented in nature and scale”

11.20-11.40: Space Technology Applications in Marine Insurance

First advanced as a loss by Somali piracy attack off Aden in July 2011, we will look at some of the key steps in unravelling the fraud which led the Commercial Court to conclude in clear terms that there was no attack on the vessel, but rather a concerted effort by the owners (amongst others) to pursue a fraudulent insurance claim for US$85m on London market war risks insurers. In addition to the remarkable facts of the claim, we will highlight some important principles on the scope of the standard war risks perils.

This presentation will demonstrate how space technology such as satellite tracking, Earth observation and other emerging technologies are transforming the insurance industry. Skytek will provide a demonstration of its space-adapted Marine Aggregate Tool suite, designed to provide near real-time data to enhance underwriting and risk management practice within the re/insurance industry.

Speaker: Chris Zavos, Partner, Kennedys

Speaker: Sarah Bourke, Chief Executive Officer, Skytek

11.40-12.00:

11.40-12.00: Stay Ahead of Sanctions

TBC

The threat of sanctions looms large over the marine insurance industry. Windward will talk about how behavioural analytics and the creation of vessel operational profiles not only provides a deeper understanding of casualty risk, but also enables insurers to stay on the right side of the law in 2020 and beyond.

Speaker/s:

Speaker: Nick Maddalena, Head of Insurance Business, Windward

12.00-12.20: Fireside Chat: Expediting Incident Resolution

12.00-12.20: The Technology Trends Most Affecting Marine Insurance in the Next Five Years

Close cooperation between all relevant parties is crucial to successfully resolving incidents. Having the appropriate level of involvement between state parties and those representing owners is critical. This session will examine how SOSREP operates within the United Kingdom to ensure that incidents can be swiftly resolved in order to reduce further damages.

Entering 2020, most agree that the industry will change rapidly in the next five to seven years. Technology trends such as automation, analytics and IoT and business trends such as insurance on demand and ecosystem distribution will all affect the industry, but it’s when you put them together it becomes really interesting.

Participants: Stephan Hennig, The Secretary of State’s Representative, Her Majesty’s Government

Colin Barker, Director, TMC Marine

Speaker: Ronny Reppe, Chief Executive Officer, Noria Insurance Solutions

12.20-13.00

Panel Discussion: Understanding and Managing Increasing Geopolitical Risks in the Marine Industry.

 

Panel Discussion: Trends and New Approaches to Aggregation

International conflict, violence and war are key international drivers of geopolitical risk, but closer to home these interlinked risks often emanate from a combination of trade and economic policy change, climate and new regulations, to name but a few. Geopolitical risk impacts all parts of all organisations. This session will look at how to get to grips with this increasingly tough challenge.

Aggregation is a critical tool for insurers to help them limit their losses and accurately estimate risk capital availability and cost. The rapidly changing nature of the global economy, increasing interdependence and scale of operations – not least container ships – and lack of clarity on supply chains is, however, making it more and more difficult for marine insurers to accurately model their real exposures and limits in place. This session will investigate what kinds of losses and market, legal and regulatory trends are challenging traditional approaches to aggregation and accumulation risk and ask how the market needs to up its game in this key area the industry deal with a major loss that has an impact on numerous lines, such as cyber? 

Moderator: Neal Croft, Global Client Relationship Director, Willis Towers Watson

Speakers: Freddy Furulund, Director of Security and Contingency, DNK

Neil Roberts, Head of Marine Underwriting, Lloyd’s Market Association

Richard Young, Head of Hull and War, Beazley

Frédéric Denèfle, Managing Director, Garex

Moderator:  Adrian Ladbury, Co-founder and Editorial Director, Commercial Risk Europe

Speakers: Sylvain Gauden, Chief Underwriting Officer for Marine and Energy, SCOR SE

Dominick Hoare, Chief Underwriting Officer, Munich Re Syndicate Ltd

Howard Kingston, Global Line Business Leader, Marine, Zurich Insurance Company

13.00-13.55

Lunch in the Pre-Function Area sponsored by Quadrant Chambers

 

BROADGATE II

BROADGATE I

13.55-14.35

Panel Discussion: Emerging Risks: Brave New World – Time for an Innovative Response

Panel Discussion: Climate Change

The insurance sector needs to respond to this fluid risk landscape with innovative solutions and services to retain its relevance. This is not time to raise the drawbridge and stick to the tried and tested methods and coverages. Customers need bespoke, reactive and flexible solutions based on cutting-edge data analysis and real-time risk assessment.

The maritime sector is coming to terms with its obligation to help tackle climate change. While some of the solutions grab the headlines, there are many other ways of making a contribution that should be considered. The marine insurance sector is grappling with whether it should be proactive in offering incentives to be cleaner and greener, or reactive in waiting to see how best it can advise members and clients. The key point is whether climate change risk can be managed as any other form of maritime risk, or whether the environmental transformation represents risk at an altogether different level. 

Moderator: Richard Banks, Director, Industry Research – EMEA – Market, AM Best

Speakers: Kristof de Bremme, Global Head of Marine, AIG

Charles Fernandez, Head of Marine Liability and Hull, Canopius

John Potter, Head of Marine, Convex

Moderator: Richard Clayton, Chief Correspondent, Lloyd’s List

Speakers: Helle Hammer, Managing Director, Cefor

Ronald Spithout, President, Inmarsat

Jeff Lock, Global Technical Claims Director, Thomas Miller

Torleiv Stien Grimsrud, Risk Management Executive, Gard AS

14.35-15.15

Panel Discussion: The World of Claims is Evolving Exponentially

Panel Discussion: Sulphur 2020

An in-depth look at marine claims and how they are currently evolving. We will cover how talent is being managed, how politics is affecting claims, changing freight rates and oil prices as well as the impact of artificial intelligence on claims and more.

Three months into the dawn of Sulphur 2020, what impact has it had? How is it being enforced in different jurisdictions? Have there been many claims? Is there enough low-sulphur fuel available? How are scrubbers being maintained?

Moderator: Luke Parsons, Queen’s Counsel, Quadrant Chambers

Speakers: Katherine Birchall, Global Director (FD&D), North of England P&I Club

Paul Cunningham, Marine and Energy Claims Manager, Talbot Underwriting

Jim Clark, Marine Manager, Matthews Daniel

Amy Dallaway, Senior Marine Claims Adjuster, MS Amlin

Moderator:  Jos Standerwick, Chief Executive Officer, Maritime London

Speakers: Capt. Ayşe Aslı Başak, Port Captain, Mid-Ship Group

Daisy Rayner, Claims Manager for Europe and Africa, The Shipowners’ Club

Sean Murphy, Engineer, Surveyor, Naval Architect, Atlantic Marine Associates Ltd

Ole Wikborg, Director – Head of London Branch, Norwegian Hull Club

15.15-15.40

Coffee Break in the Pre-Function Area

 

PLENARY: BROADGATE I & II

15.40-16.00

Fireside Chat

Is the International Group providing a product that meets the current demands of the entire ship owning community?

Participants: Marcus Baker, Global Head Marine and Cargo, Marsh JLT Specialty

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

16.00-16.40

Panel Discussion: What is the Role of the Broker in the 21st Century?

This panel will focus on how brokers will add value in the new world of digitalisation and ask if marine insurers are currently providing appropriate products for their clients. Also touching on what skills should brokers attain to improve their client interaction.

Moderator: James Livett, Associate Director, London and International Insurance Brokers’ Association

Speakers: Michael Burle, Global Head of Marine Division, Liberty Specialty Markets

Iain Henstridge, Head of Hull, Apollo Underwriting

Alistair Rivers, Global Head of Marine and Transportation, Lockton Companies LLP

Louise Nevill, Chief Executive Officer, U.K Marine and Cargo, Marsh JLT Specialty

Patrick Jordan, Head of Marine, Ed Broking

16.40-17.00

Fireside Chat:

With the implementation of various technologies in the market, business is being conducted differently. The two experienced professionals will discuss some of the most cutting-edge technology being utilised.

Participants: Lars Henneberg, Vice President, Head of Risk Management, A.P. Møller-Mærsk

Capt. Rahul Khanna, Global Head of Marine Risk Consulting, Allianz Global Corporate & Specialty

17.00-17.05

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

17.10-18.00

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.

 

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