Registration and Coffee in the Pre-Function Area sponsored by
PLENARY: BROADGATE I & II
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
Lars Lislegard-Bækken, Chief Legal Counsel, Gard
Joseph Hughes, Chief Executive Officer, American P&I Club
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
Iain Henstridge, Head of Hull, Apollo Underwriting
Paul Greensmith, Head of Global Specialty, AIG
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?
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 Corporate Solutions, Swiss Re
Sylvain Gauden, Chief Underwriting Officer, SCOR
Coffee and Networking in the Pre-Function Area sponsored by
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
Case Study Session: 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 case studies of several insurers on their journey to digitize war risk underwriting. You’ll hear about the decisions behind the changes, what has happened subsequently and the consequences for their books of business. We also discuss the future of underwriting in a digital age: what will the role of insurer and broker be into the future; how can you trust the machine to make the right decisions, 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.
Panellists: Svein Ringbakken, Managing Director, DNK
Irene Phillips, Chief Executive Officer, Osprey Solutions
Sundeep Kheera, Master Mariner, Global Head of Hull, Head of Marine UK and Lloyd’s, AXA XL
Panellists: Will Ripley, Divisional Director Marine and Cargo, GAWS of London
Aimee Nolan, Cargo Line Underwriter, Hiscox
Melanie Buitendag, Associate Director Cargo, Gallagher
Christopher Hicks, Underwriting Manager Cargo, Liberty Specialty Markets
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
Lunch in the Pre-Function Area sponsored by
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
Presenters: Ben Harris, Head of Claims – London Branch, Shipowners P&I Club
Phil Norwood, Senior Executive Technical Underwriting, Lloyd’s Market Association
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: Ian Teare, Partner, Hill Dickinson LLP
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, Senior Product Manager, 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
Dr. Nick Chapman, Marine Loss Control Engineer, AIG
Ken Rohlman, Global Head of Cargo Service/Mis-declared Dangerous Goods, Hapag Lloyd
Jos Koning, Senior Project Manager, Marin
Panel: 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: Andrew Gray, Director and Mariner, Campbell Johnston Clark
Panellists: George Chalos, Principal and
Founder, Chalos & Co International Law Firm
Francesco Zolezzi, Claims Manager, CR International – Cambiaso Risso Group
Richard Young, Head of Marine Hull and War, Beazley
Presenter: Mauricio Garrido, President, T&T Salvage
Coffee Break in the Pre-Function Area sponsored by
Panel Discussion: The Changing Role of the Broker
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.
Panellists: Anders Johannessen, Managing Director, Edge Group Norway
Nick Wolfe, Deputy Global Director, North P&I Club
Patrick Jordan, Managing Director, Head of Marine, Ed Broking
Drinks Reception sponsored by
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