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Insurance

PwC Insurance Summit 2019

Ensuring Adaptability for the Road Ahead

Bermuda |
Speakers include:
Brian Duperreault

Brian Duperreault

AIG

Robert Childs

Robert Childs

Hiscox

Karen White

Karen White

RMS

Overview

The Financial Times is pleased to present the PwC Insurance Summit, a gathering of more than 300 industry leaders, experts, and professionals to discuss trends and strategies to adapt and thrive in the fast evolving insurance and reinsurance market.

Today’s insurance leaders face a host of complex demands and increasing pressures, from a shifting global macroeconomic landscape and structural changes within the industry, to fierce competition from alternative capital and a string of heavy natural catastrophe losses. 

In response to market conditions over the past several years, there has been a wave of consolidations, and attention is turning to areas ripe for growth, including a surge in the life reinsurance market and a race to expand capabilities in cyber. Digital technologies are being deployed across the value chain in an effort to improve profitability and operational efficiencies, and traditional underwriting is evolving as the proliferation of data, the growing use of artificial intelligence and automation, and a changing risk landscape lead to new insights and updated models. 

As business models evolve and firms move quickly to position for new opportunities, executives must bear in mind the importance of establishing a strong company culture that encourages innovation and attracts talent with the appropriate set of skills. To that end, Bermuda has captured global recognition for its efforts to offer an attractive environment for entrepreneurs and innovators to work closely with leading insurance and reinsurance firms to reimagine the business of insurance. 

Please join us for a full day of lively discussion and networking.

A standard summit ticket is $600 - Book now

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fallback Add to my Calendar 11/07/2019 08:00:0011/07/2019 16:35:00truePwC Insurance Summit 2019The Financial Times is pleased to present the PwC Insurance Summit, a gathering of more than 300 industry leaders, experts, and professionals to discuss trends and strategies to adapt and thrive in the fast evolving insurance and reinsurance market.Today’s insurance leaders face a host of complex demands and increasing pressures, from a shifting global macroeconomic landscape and structural changes within the industry, to fierce competition from alternative capital and a string of heavy natural catastrophe losses. In response to market conditions over the past several years, there has been a wave of consolidations, and attention is turning to areas ripe for growth, including a surge in the life reinsurance market and a race to expand capabilities in cyber. Digital technologies are being deployed across the value chain in an effort to improve profitability and operational efficiencies, and traditional underwriting is evolving as the proliferation of data, the growing use of artificial intelligence and automation, and a changing risk landscape lead to new insights and updated models. As business models evolve and firms move quickly to position for new opportunities, executives must bear in mind the importance of establishing a strong company culture that encourages innovation and attracts talent with the appropriate set of skills. To that end, Bermuda has captured global recognition for its efforts to offer an attractive environment for entrepreneurs and innovators to work closely with leading insurance and reinsurance firms to reimagine the business of insurance. Please join us for a full day of lively discussion and networking.A standard summit ticket is $600 - Book nowPwC-Insurance-Summit-201927b35803cb1322e270dc2cf2d1c96cf8MM/DD/YYYY

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Agenda - 7th Nov

  • 8:00am
    Breakfast and Registration
  • 8:30am
    Welcome and Opening Remarks

    Oliver Ralph, Insurance Correspondent, Financial Times
    Arthur Wightman, Territory & Insurance Leader, PwC Bermuda

  • 8:40am
    Carriers and Brokers: Parasitic or Symbiotic Relationship?

    Dennis Mahoney, Executive Chairman, RFIB Group, and Former CEO, Aon UK

  • 9:00am
    Focusing on Growth and Pushing Onward

    Accepting the current market environment may be the new normal, many are shifting the focus from pricing to discovering new areas for growth. This panel of Chief Executive Officers will discuss their outlook for the sector, perspectives on how business and operating models must adapt, strategies for remaining competitive in the current environment, and where they see opportunities for sustained future growth.

    John Berger, CEO, Ascot Reinsurance
    Paul Brand, Deputy CEO, Convex Insurance
    Nigel Frudd, CEO, Sompo International
    Greg Hendrick, CEO, AXA XL

    Moderated by: Arthur Wightman, Territory & Insurance Leader, PwC Bermuda

  • 9:50am
    Opening Up the US Market to Private Insurance

    Insurers are eager to open up new revenue streams in the US, buoyed by regulatory and legislative change and technology advancements that enable a better understanding and quantification of weather-related perils. In Florida in particular, the number of insurers eligible to write private flood insurance in the state has increased 45% of the past two years. There are signs that penetration rates could soon improve as a result, but closing the protection gap will require a coordinated effort from both the public and private sector. What can the private market be doing to complement and support the National Flood Insurance Program in the US?

    David Altmaier, Commissioner, Florida Office of Insurance Regulation
    Angela A’Zary, SVP, Client Risk Analytics, RenaissanceRe Services
    Barry Gilway, President/CEO and Executive Director, Citizens Property Insurance Corporation

    Moderated by:John Huff, President and CEO, ABIR        

  • 10:20am
    Coffee Break
  • 10:30am
    Fireside Chat

    Brian Duperreault, President and CEO, AIG

    In conversation with: Robert Armstrong, US Finance Editor, Financial Times 

  • 11:00am
    Company Culture as a Competitive Advantage

    Firms are embracing innovation and investing heavily in technology, but often forgetting culture as a key driver for success. What steps can insurers take to ensure their workforce is equipped to evolve along with the firm as it attempts to incorporate acquired technologies and capabilities into the broader organization? 

    Wendy Davis Johnson, Chief Communications and Culture Officer, Hamilton Insurance Group
    Fiona Luck, Non-Executive Director, Lloyds of London Franchise Board
    Pete Wilson, CEO, AXIS Insurance

    Moderated by: Robert Armstrong, US Finance Editor, Financial Times

  • 11:30am
    Strategies for Capital Optimization and Risk Management

    This panel provides insight into the many financial and non-financial drivers that impact business performance and profitability in today’s rapidly changing environment.

    • Is the industry doing a good job of balancing current operating needs with the capital investments needed to position for the future? 
    • How is the regulatory landscape evolving, and what does this mean for re/insurers’ strategic plans? 
    • What emerging risks should firms be watching closely? 

    Jim Nadler, President and CEO, Kroll Bond Rating Agency
    Stephen Robb, EVP, Strategy, AXA XL
    Jeff Sangster, CFO and Head of Strategy, Hudson Structured Capital Management

    In conversation with: Matthew Britten, Partner, Assurance and Risk Assurance, PwC Bermuda

  • 12:00pm
    Lunch
  • 1:00pm
    Reflections for the Road Ahead

    Jeremy Cox, Executive Chair, Bermuda Monetary Authority

  • 1:20pm
    Bermuda’s Role on the World Stage

    The Honorable Curtis L. Dickinson, Minister of Finance, The Government of Bermuda

    In conversation with: Oliver Ralph, Insurance Correspondent, Financial Times

  • 1:40pm
    Alternative Capital: Looking Ahead

    ILS and alternative capital growth is expected to continue, and investors and issuers alike are beginning to explore expansion of the market, including beyond traditional property catastrophe exposures. With increasing product and regional diversification lie both opportunities and perils. This panel considers the future landscape for ILS structures, particularly as re/insurers move to embrace greater integration between traditional and alternative strategies.

    Cory Anger, Managing Director, GC Securities
    William Dubinsky, Managing Director, Willis Re Securities
    Michael Millette, Founder and Managing Partner, Hudson Structured Capital Management
    Luca Tres, Partner, Head of Life, Securis Investment Partners

    Moderated by: Oliver Ralph, Insurance Correspondent, Financial Times

  • 2:10pm
    A New Chapter in the Life Reinsurance Market

    Life reinsurance has become one of the fastest growing sectors in Bermuda over the past couple of years, driven by growing demand for reinsurance globally, stricter regulatory environments abroad, the persistence of low interest rates and companies’ desire to free up capital tied up in legacy blocks of business. There are many great business opportunities emerging in this environment, and this panel will discuss the key factors driving successful transactions, how the market is evolving, and potential challenges ahead.

    Marc-André Giguère, President and CEO, Munich Re, US (Life and Health)
    Frank (Chip) Gillis, Chairman, Athene Life Re  
    Thomas Olunloyo, CEO, Legal & General Re
    Robyn Wyatt, CFO, Resolution Life

    Moderated by: Colm Homan, Partner, Assurance Leader, PwC Bermuda

  • 2:50pm
    Coffee Break
  • 3:00pm
    Harnessing the Power of Data and Technology

    This presentation covers the confluence of data and technology innovation in insurance and reinsurance, in particular looking at how risk is continually evolving, why digital transformation is so important, and how emerging technology and tools are poised to disrupt the industry.

    Karen White, CEO, RMS

  • 3:20pm
    Building Capability in Cyber

    The market for cyber has developed quickly and continues to evolve, creating many opportunities for growth. But the learning curve is steep, and there is lingering confusion around standardization, sustainability and the magnitude and linkage of exposure. What are insurers learning as they establish a foothold in this nascent market?

    Ari Chatterjee, Chief Underwriting Officer, Envelop Risk
    Giles Harlow, SVP, Professional Risk Solutions, Aon (Bermuda)
    Kara Owens, Managing Director, Global Cyber Underwriting, Markel

    Moderated by: Oliver Ralph, Insurance Correspondent, Financial Times

  • 4:00pm
    Reimagining the Business of Insurance

    Robert Childs, Chairman, Hiscox

    In conversation with: Robert Armstrong, US Finance Editor, Financial Times

  • 4:30pm
    Closing Remarks

    Arthur Wightman, Insurance Leader, PwC Bermuda

  • 4:35pm
    Reception

Speakers (31)

Brian Duperreault

Brian Duperreault

President and CEO
AIG

Brian Duperreault is President, Chief Executive Officer and a Director of American International Group, Inc. (AIG). Prior to assuming this role, he served as Chairman and Chief Executive Officer of Hamilton Insurance Group (Hamilton) from 2013 to 2017. Hamilton is a Bermuda‐based holding company of property and casualty insurance and reinsurance operations in Bermuda, the US and the UK. Mr Duperreault served as President and Chief Executive Officer of Marsh & McLennan Companies (MMC) from 2008 to 2012. Before joining MMC, he served for two years as non‐executive Chairman of ACE Limited, an insurance and reinsurance company, and as CEO of ACE from 1994 through 2004. Prior to ACE, Mr Duperreault held various senior executive positions with AIG and its affiliates from 1973 to 1994. Mr Duperreault is a member of the Boards of the Bermuda Institute of Ocean Sciences (BIOS), the Geneva Association, Saint Joseph's University and the Partnership for New York City. He is the former Chairman of the Board of Overseers of the School of Risk Management of St. John’s University, New York and Chairman Emeritus of Blue Marble Microinsurance. Mr Duperreault holds a Bachelor’s degree in Mathematics from St. Joseph’s University.

Robert Childs

Robert Childs

Chairman
Hiscox

Robert Childs joined Hiscox in 1986, served as the Active Underwriter of the Hiscox Lloyd’s Syndicate 33 between 1993 and 2005, and was the Group’s Chief Underwriting Officer until February 2013, when he became Non Executive Chairman. In 2012, Robert joined the Council of Lloyd’s and in 2017 became Deputy Chairman of Lloyd’s.

Karen White

Karen White

CEO
RMS

Karen White is the Chief Executive Officer for RMS. She started her career in Silicon Valley in 1993 as a senior executive at Oracle reporting to CEO Larry Ellison. Her global responsibilities included business development during a time of massive transformation in the computer industry. Most recently, she was President and COO at Addepar, a leading fintech company serving the investment management industry with data and analytics solutions that are replacing decades old legacy systems with leading edge tech. Prior to Addepar, Ms White was CEO and Chairman of the Board at Syncplicity, a leading enterprise file sync and management SaaS business aimed at enterprises as well as the mid-market. She led the company from first product launch to 30,000 customers, culminating in the acquisition of Syncplicity by EMC in 2012. Previously, she led worldwide corporate and business development at SolarWinds, a top IT and network management software company whose customers included the Fortune 500. The company was listed on the Nasdaq with a successful IPO in 2009, valuing the business at nearly $1bn. Ms White is currently on the Board of Directors at Varo Money, a mobile banking fintech that seeks to be the first fintech national bank in American history and has applied for a national bank charter.

David Altmaier

David Altmaier

Commissioner
Florida Office of Insurance Regulation

David Altmaier was appointed as the Florida Insurance Commissioner in April 2016 by the Financial Services Commission. He leads the Office of Insurance Regulation (OIR) and has oversight of one of the largest insurance markets in the world. Under his leadership, OIR has worked to cultivate a market in Florida in which insurance products are reliable, available, and affordable. Commissioner Altmaier began his public service at OIR in 2008, serving in a number of roles including Chief Analyst of the Property and Casualty Financial Oversight unit and Deputy Commissioner of Property and Casualty Insurance. In 2019, he was elected Vice President of the National Association of Insurance Commissioners (NAIC). He also chairs the NAIC’s Financial Condition (E) Committee, Group Capital Calculation Working Group and the Capital Adequacy Task Force. Prior to joining OIR, he worked as a Florida licensed 2-20 and 2-14 insurance agent and as a high school math teacher. Commissioner Altmaier graduated from Western Kentucky University in 2004 with a Bachelor’s degree in Mathematics.

Cory Anger

Cory Anger

Managing Director and Global Head of ILS Origination and Structuring
GC Securities

Cory Anger is the Global Head of ILS Origination and Structuring at GC Securities, leads the origination and structuring efforts of the capital markets team and has experience working on 91 144A cat bond transactions totaling $21.3B of risk capital placed (in addition to private cat bonds, collateralized reinsurance and sidecars) during her 19 years in the ILS market for insurers, reinsurers, corporates and public sector clients. Prior to joining GC Securities in May 2008, she was a Senior Vice President at Lehman Brothers in the Insurance Products Group, where she spent 8.5 years originating and structuring insurance and hybrid capital solutions for the P&C and life insurance sectors.  Prior to Lehman Brothers, she worked in risk management at Merrill Lynch and in risk analysis at the Office of the Comptroller of the Currency. Ms Anger has an MBA with concentrations in Finance and Accounting from the Simon School of Business at the University of Rochester, an MS in Statistics from George Mason University and a BS in Statistics and Economics from Virginia Tech.

Angela A'Zary

Angela A'Zary

SVP, Client Risk Analytics
RenaissanceRe Services

Angela A’Zary is SVP, Client Risk Analytics at RenaissanceRe with responsibility for targeted client and broker risk analytics including stakeholder outreach. She also develops new markets, products and tools focused on the expansion of RenaissanceRe’s current business. In addition, Ms A’Zary supports the company’s government engagement efforts focusing on the development of new products as well as maintaining current access to business.Ms A’Zary brings extensive modeling expertise to her position. Previously, she led reinsurance and insurance risk modeling at RenaissanceRe, including evaluating external models and developing internal models to support underwriting. Before joining RenaissanceRe in Bermuda, Ms A’Zary was Vice President – Analytics at RenaissanceRe’s former US insurance entity, where she was responsible for insurance business risk modeling. She has over 25 years of industry experience, including catastrophe modeling, insurance pricing, reinsurance pricing, reinsurance structural analysis, reserving, reinsurance broking, capital market securitization and personal lines underwriting. Ms A’Zary served as Senior Vice President at Benfield Advisory and in Benfield’s property specialty group, Managing Director in Guy Carpenter’s analytical department, and has held numerous other positions at CGU Insurance/Commercial Union Insurance and Plymouth Rock Assurance. She has a Bachelor of Business Administration degree in Finance from the University of Massachusetts at Amherst. 

John Berger

John Berger

CEO
Ascot Reinsurance

John Berger is Executive Chairman of Ascot Group’s US businesses and CEO of Ascot Reinsurance, joining the company in January 2018. Prior to this he was Chairman and CEO of Third Point Re, having also served as CEO of F&G Re, Chubb Re and Harbor Re. With over 35 years in the reinsurance industry, he began his career at Prudential Reinsurance.

Paul Brand

Paul Brand

Co-Founder and Deputy CEO
Convex Insurance

Paul Brand is Co-Founder and Deputy CEO of Convex Group, the newly formed specialty insurer and reinsurer. He has over 37 years of insurance industry experience, including 32 years at Catlin/XL Catlin. From 2003-2015, he was Chief Underwriting Officer of Catlin; from 2015-2017, he was Chief Underwriting Officer (Insurance) of XL Group; and from 2016-2018, he was Chairman of Accelerate, XL Catlin's in-house innovation team.

Ari Chatterjee

Ari Chatterjee

Chief Underwriting Officer
Envelop Risk

Ari Chatterjee is the Chief Underwriting Officer of Envelop Risk Analytics and responsible for underwriting and insurance product development. An actuary by trade, he has found a better home in underwriting and enjoys deal-making. By virtue of his passion to solve complex risk, he has earned a reputation of being the go-to market for Cyber Risk. He has been instrumental to add commercial context to Envelop’s technology and continues to help us strategize their approach to the market. Previously, he was Actuarial Underwriter with Hannover Re (Bermuda) and underwrote cyber (re)insurance, a line of business he helped Hannover Re (Bermuda) to develop. He grew the cyber (re)insurance book profitably to more than $40m premium income. He has lead several cyber reinsurance placements in the US and International market. Beyond cyber (re)insurance, he has underwritten marine & energy, property catastrophe, credit and surety, intellectual property, and motor deals. Prior to Hannover Re (Bermuda), he worked with Flagstone Re and GE Insurance Solutions. He has a total of 14 years of insurance experience. Mr Chatterjee has lead the start-up project “Bernoullian” for MIT Future Commerce course and was voted as one of the finalist out of 200 start-ups. He is a qualified actuary from Casualty Actuarial Society and had participated in several academic research projects with CAS. He holds a Masters of Statistics from Indian Statistical Institute, where he was one of the top 20 statisticians in India.

Jeremy Cox

Jeremy Cox

Executive Chair
Bermuda Monetary Authority

Jeremy Cox is the Executive Chair of the Bermuda Monetary Authority (BMA), where he has overall responsibility for all supervisory activities conducted by the BMA, including the supervision of banks, trust companies, investment businesses, insurance companies and the Board of Directors. Mr Cox began his career at Arthur Andersen & Co Bermuda as a Senior and Staff Auditor. He subsequently joined the Registrar of Companies Department within the Bermuda Government, where he served as a Technical Officer in the Insurance Division from 1993–1995, and was promoted to the position of Inspector of Companies, a post he held until 1999. He was then appointed Registrar of Companies, where his responsibilities included providing technical support to the Minister of Finance on all insurance related matters. In 2002, Mr Cox was appointed as Executive Director and Supervisor of Insurance at the BMA, where he had responsibility for the overall supervision of Bermuda’s insurance market, and he was promoted to the position of Deputy Chief Executive Officer in 2008. He was appointed Chief Executive Officer of the BMA in 2010 and the Executive Chair in 2019. Mr Cox earned his Certified Public Accountant designation in 1995 and is an alumnus of Northeastern University, where he graduated cum laude in 1989 with a BSc degree in Finance and Insurance. 

Wendy Davis Johnson

Wendy Davis Johnson

Chief Communications and Culture Officer
Hamilton Insurance Group

Wendy Davis Johnson is Chief Communications and Culture Officer at Hamilton Insurance Group. She has more than 25 years’ experience in corporate communications, brand development and organizational change. At Hamilton, she has overseen the development of the Company’s mission, First Principles, employee value proposition and Diversity & Inclusion statement as the foundation of a differentiated corporate culture. Before joining Hamilton in 2015, she provided communications consulting services to corporate and non-profit organizations, assisting with the development of global brands and establishing strategic communications functions for companies with operations in the US, UK, Europe and the Asia Pacific region.​ Her experience includes seven years in the positions of Vice President, Corporate Communications and then Senior Vice President, Global Communications at ACE Limited (now Chubb) where she was responsible for internal and external communications as well as the development, launch and management of a global corporate brand. From 1993 to 1997, she was Manager and then Executive Director of the Bermuda International Business Association (now Bermuda Business Development Agency), establishing the first integrated marketing communications plan to promote Bermuda as a premier international business jurisdiction. She was employed at the Bermuda Department of Tourism from 1987-1993 as Manager, Communications. Ms Davis Johnson holds a Master of Liberal Arts (Journalism), Harvard University; a Bachelor of Education, University of Toronto, Ontario; and a Bachelor of Arts, Dalhousie University, Halifax, Nova Scotia. She is a member of the Insurance Development Forum’s Microinsurance Working Group and the Performing Arts Cabinet at Dalhousie University, Nova Scotia, Canada.

Curtis Dickinson

Curtis Dickinson

Minister of Finance
The Government of Bermuda

Curtis L. Dickinson was elected to the House of Assembly on June 7, 2018 to represent Constituency 25 – Warwick North East. He is currently employed as the Group Head of Private Banking at Butterfield Bank. Prior to his return to Bermuda in 2006, Mr Dickinson worked in the United States and the United Kingdom as an investment banker raising capital for companies in the media & telecommunications and consumer & retail industries with Donaldson Lufkin & Jenrette Securities Corporation, Credit Suisse First Boston Corporation, and Wells Fargo Securities. Mr Dickinson currently serves as the Chairman of the Bermuda Hospitals Board and is a Trustee of the Montessori Education Trust. Previously, he served as Chairman of the Board of Education, Deputy Chairman of the Bermuda Economic Development Corporation and Director of the Bermuda Land Development Company. Mr Dickinson received his primary and secondary education in Bermuda at the West End Primary School and The Berkeley Institute. He is a graduate of Morehouse College in Atlanta, Georgia where he received a BBA degree with a concentration in Finance. He furthered his studies at Columbia University’s Graduate School of Business, where he received an MBA degree.

William Dubinsky

William Dubinsky

Managing Director
Willis Re Securities

Bill Dubinsky leads the Willis Re Securities insurance-linked securities (ILS) effort in cat bonds, sidecars, ILS funds, contingent capital, derivatives, and related solutions. The ILS effort is fully integrated within Willis Re on a global basis to seamlessly connect risk and capital for clients. Since 1997, he has participated in more than 80 deals placing over $12 billion of ILS. Clients include reinsurers, insurers, government entities and corporate clients worldwide. He joined from Swiss Re Capital Markets, where he had lead responsibility for ILS origination and structuring. Previously, he worked at Merrill Lynch focusing on M&A and capital raising for insurers. He also worked with Aon Capital Markets in the early years of the ILS market. Mr Dubinsky earned a BA from Harvard College, a JD from the University of Michigan Law School, and an MBA from the
Kellogg School of Management.

Nigel Frudd

Nigel Frudd

CEO
Sompo International Holdings

Nigel Frudd was appointed Chief Executive Officer of Sompo International Holdings Ltd, a wholly-owned subsidiary of Sompo Holdings, Inc (Sompo Holdings) in January 2019. He has been a member of the Sompo International Board of Directors since March 2017 when he joined the company as Chief Strategy Officer. In January 2019, Mr Frudd was also appointed Senior Executive Vice President and Chairman of Overseas M&A of Sompo Holdings, having previously served as Managing Executive Officer, Head of Global M&A since 2015. In this capacity, he led the acquisition of Endurance Specialty Holdings Ltd, which was renamed to Sompo International. Mr. Frudd was a director of Sompo Canopius AG from 2014 and Sompo Canopius Reinsurance AG from 2015 until these entities were sold in March 2018. Previously Mr Frudd has held senior positions in leading UK insurance companies, been a partner in City of London law firms specializing in the corporate and financial services sector and a Partner in the Corporate Finance division of a leading UK firm of Chartered Accountants. He has an LLB (Hons) from the University of Leeds, qualified as a Barrister (Gray’s Inn) and as a Solicitor of the Supreme Court.

Marc-André Giguère

Marc-André Giguère

President and CEO
Munich Re, US (Life and Health)

Marc-André Giguère is the President and CEO of Munich Re, US (Life and Health). He is the executive in charge of all of Munich Re’s US Life and Health business, driving the leading reinsurer’s long term direction, strategy, investments and unprecedented business transformation. Mr Giguère joined Munich Re, Canada (Life) in November 2015 as Senior Vice President, North America Inforce Management. In July 2017, he assumed the role of Executive Vice President of Reinsurance for Munich Re, US (Life) and President and CEO of Munich Re Health for the US. His extensive experience includes leading all areas of the Individual and Group Reinsurance teams, in force management, mergers and acquisitions, talent acquisitions, regulatory concerns, litigation support and financial reporting. Prior to joining Munich Re, Mr Giguère was most recently a partner and the Canadian National Insurance Leader at Ernst & Young. He was also a partner and actuarial consultant in the US for Ernst & Young and Towers Perrin, a large international actuarial consulting firm. Mr Giguère is a graduate of Laval University with a Bachelor of Science in Actuarial Sciences. He is a Fellow of the Society of Actuaries, a Fellow of the Canadian Institute of Actuaries and a Member of the American Academy of Actuaries.

Chip Gillis

Chip Gillis

Chairman
Athene Life Re

As co-founder of Athene, Frank L. (Chip) Gillis worked for two years to raise capital leading up to June 2009, when Athene was officially formed and licensed. His deep knowledge of the reinsurance industry and strong business relationships led to Athene’s first reinsurance deal. Since then, he has been responsible for leading the growth of Athene’s reinsurance channel, which has completed agreements with nearly two dozen third-party cedents since inception. Mr Gillis served as Athene Life Re Ltd.’s Chief Executive Officer until June 2019 and is presently serving as Chairman. He is a member of the ALRe board of directors and is a member of the Reinsurance and Operations Committee and previously served on the Underwriting Committee. Additionally, he is Executive Vice President of Athene Holding Ltd. and has served on its board and several committees including the Executive Committee, the Management Executive Committee, Management Investment Committee, the Management Risk Committee, and the Large Transaction Working Group. Furthermore, he is a founding board member of Bermuda International Long-Term Insurers and Reinsurers (BILTIR), a board member of the Associationof Bermuda International Companies (ABIC), Bermuda College and recently joined as a board member of the newly announced Athene Co-Invest Reinsurance Affiliate (ACRA). In this position, he led BSC’s entry into the funding agreement-backed note business and created the turn-key Premium Asset Trust Series (PATS) program. Prior to joining BSC, he spent over three years at GenRe Financial Products providing ALM hedging solutions to US life companies. Prior to Athene, he was a Senior Managing Director of Bear, Stearns & Co. Inc. (BSC) and Head of the Bear Stearns Insurance Solutions Group that provided advice and solutions to Life and Annuity Companies. Mr Gillis received his Bachelor of Arts degree in English from the University of Richmond.

Barry Gilway

Barry Gilway

President/CEO and Executive Director
Citizens Property Insurance Corporation

Barry Gilway is President/CEO of Citizens Property Insurance Corporation where he oversees all operations and serves as liaison to Citizens’ Board of Governors. President Gilway is an accomplished insurance executive with 46 plus years background in insurance including: CEO of Zurich Canada, Executive Vice President of Zurich North America, CEO of Maryland Casualty Companies and Executive Vice President of Crum and Forster, along with additional senior management positions. Following two years of military service, he began his insurance career in regional management with the Insurance Company of North America (INA), Crum and Forster, and WR Berkley Corporation. In 1990, Mr Gilway became President of the $900 million Maryland Casualty Commercial Lines Company. He was subsequently promoted to CEO of the entire Maryland Casualty Group. In 1999, he was appointed CEO of Zurich Canada, consisting of personal lines, commercial lines, specialty, life and health companies. He returned to the United States as Executive Vice President for Zurich's $17 billion commercial operation, managing and leading 5,000 employees responsible for the Zurich infrastructure in the US while also acting as M&A liaison. He retired from Zurich in 2006 and became a consultant for Mystic Capital Advisors. He completed several significant transactions before joining one of Mystic Capital’s clients, Economical Insurance Group of Canada. Prior to President Gilway’s role at Citizens Property Insurance Corporation, he led Mattei Insurance Services as Chief Executive Officer, reporting to the Economical Board of Directors. President Gilway has served at Citizens Property Insurance Corporation since June 2012.

Giles Harlow

Giles Harlow

Senior Vice President, Professional Risk Solutions
Aon (Bermuda)

Giles Harlow runs the Cyber and Technology E&O team and co-runs the Intellectual Property team for Aon (Bermuda) Ltd. He started his career in the UK working for Aon in their London office then moved to Aon Bermuda in 2012, where he has been instrumental in the development of additional cyber capacity to service the ever-growing, client driven need for additional limits. He has led the design and build out of unique cyber insurance products within the Bermuda market, leveraging Bermuda’s unique position with regards to insurability and their approach to catastrophic underwriting. In addition, he has been heavily involved in the development of other intangible asset risk transfer products such as Intellectual Property – this includes a Collateral Protection solution which allows lenders to utilize intangible assets as collateral, patent infringement insurance and a Trade Secret theft product. Mr Harlow joined Aon in 2009 and holds a Masters of Arts with honors from the University of St Andrews.

Greg Hendrick

Greg Hendrick

CEO
AXA XL

Greg Hendrick is Chief Executive Officer of AXA XL, the P&C and specialty risk division of AXA. Previously, he served as President, Property and Casualty of XL Catlin where he also held a number of senior positions including Chief Executive of Reinsurance, Chief Executive of Insurance, Executive Vice President of Strategic Growth, President and Chief Underwriting Officer for XL Re Ltd and Vice President of US Property Underwriting for XL Mid Ocean Reinsurance Ltd. Before joining XL Group, he was Assistant Vice President of Treaty Underwriting for the Winterthur Reinsurance Corporation of America. Mr Hendrick received his Bachelor of Science degree, summa cum laude, from St. John’s University in 1987 with a major in Mathematics.

John Huff

John Huff

President and CEO
ABIR

John Huff was appointed President and CEO of the Association of Bermuda Insurers and Reinsurers (ABIR) effective January 1, 2018. In this role he directs ABIR’s worldwide public policy initiatives. Mr Huff has more than 25 years of experience in the Insurance sector, most recently as the 2016 President of the National Association of Insurance Commissioners (NAIC), the US standard-setting and regulatory support organization created and governed by the nation's chief insurance regulators, and as Director of the Missouri Department of Insurance, a position he held for eight years. Prior to entering public service, he spent more than a decade in executive positions with leading global insurers and reinsurers. A former practicing attorney, his knowledge of the insurance industry is global in scope, spanning the United States, Bermuda, the United Kingdom, Continental Europe and Asia markets. He brings to the table a keen understanding of the regulatory, legal, financial and operational challenges that insurance and reinsurance companies face. Mr Huff earned his JD from Washington University School of Law and holds an MBA from St. Louis University and a BSBA from Southeast Missouri State University.

Fiona Luck

Fiona Luck

Non-Executive Director
Lloyds of London Franchise Board

Fiona Luck has over 30 years of experience in the insurance and reinsurance industry. She is currently a Non-Executive Director of the Lloyd’s of London Franchise Board and Convex Group Ltd. She was a Non-Executive Director of the Bermuda Monetary Authority from 2013 to 2018 and was previously a Non-Executive Director at Catlin Holdings Ltd and Allied World Assurance Company AG. From 1999 until 2009 she was in a variety of senior roles at XL Capital Ltd, including Chief of Staff to the CEO and Executive Vice President responsible for Strategy, Global HR, IT and Corporate Social Responsibility. She was previously a Managing Director at Marsh. She is a Scottish Chartered Accountant.

Dennis Mahoney

Dennis Mahoney

Executive Chairman
RFIB Group
Michael Millette

Michael Millette

Founder and Managing Partner
Hudson Structured Capital Management

Michael Millette is a Founder and Managing Partner of Hudson Structured Capital Management, an alternative asset manager for reinsurance and transportation linked assets based in Connecticut and Bermuda. Mr Millette was at Goldman Sachs from 1994 to 2015. He was elected a Partner in 2006 and held a number of positions over the course of a 21-year career at the firm. Most recently, he was the Global Head of Structured Finance, Co-Head of the Structured Finance Capital Committee, and President of the Goldman Sachs Mortgage Corporation. Mr Millette was the founding team member of both the Re/insurance structured finance and principal businesses. He was a team leader or key team member for over 150 transactions in the sector. He led distribution for the first 144A catastrophe bond in 1996. He also led teams that developedGoldman’s current businesses in Transport Finance, Intellectual Property Structured Finance,Private Placements and Project Finance, and spearheaded the development of the Principal Funding business in investment banking. He led the Structured Finance Capital Committee and sector teams in the rebuilding of the GS mortgage and consumer finance businesses following the financial crisis. He was a Member of the Bank Capital Committee, as well as the Client & Business Standards Committee for Investment Banking. Mr Millette began his career as an Analyst at Citibank and also previously worked as a Portfolio Manager at John Hancock Financial. He graduated from Cornell University with a BA in History, cum laude, and also holds a Masters in Finance from Boston College, Carroll Graduate School of Management. Mr Millette became a CFA in 1994.

Jim Nadler

Jim Nadler

President and CEO
Kroll Bond Rating Agency

Jim Nadler is the President and CEO of Kroll Bond Rating Agency. He was previously the Vice President for Corporate Development at General Re in the New England asset management division. Over the last two decades, he has held several roles in the world of financial analysis, working for mainstays in the ratings industry as well as independent research firms. As Executive Vice President at Fitch Ratings, he was responsible for strategy, budgets, hiring, product development, and credit rating criteria for the structured finance group, which he led. He began his career as a Senior Accountant at PricewaterhouseCoopers, then became a ratings officer at Standard & Poor's. He received a BA in Economics from the University of Kansas and an MBA from Rutgers University. Mr Nadler serves on the board of DealVector as Chairman and on the board of the New York City/Long Island Chapter of JDRF.

Thomas Olunloyo

Thomas Olunloyo

CEO
Legal & General Re

Thomas Olunloyo is currently the CEO of Legal & General Re having previously served as Chief Actuary and Chief Investment Officer with responsibility for pricing, structuring and investments. Prior to joining Legal & General Re, he was the Pricing and Product Development Actuary at MetLife Assurance Limited in the UK, a specialist provider of Bulk Purchase Annuity solutions. He was responsible for the management of the pricing systems and controls, the development of the pricing Terms of Trade as well as the management of the product development process. He was also responsible for new business origination, contract negotiation and client management. Mr Olunloyo studied Mathematics and Philosophy at the University of Oxford and is a Fellow of the Institute of Actuaries.

Kara Owens

Kara Owens

Managing Director, Global Cyber Underwriting Executive
Markel

Kara C. Owens, CPCU, RPLU, ARe, joined Markel in 2018 serving as the Managing Director for Global Cyber Underwriting. She is responsible for establishing and leading cyber market strategy and working with cyber underwriters across the company to achieve growth and profit initiatives. Ms Owens is in charge of developing best practices for cyber insurance and reinsurance strategies worldwide in all Markel divisions. She previously worked at TransRe where she was the Global Head of Cyber Risk. Prior to TransRe, she was a broker at Guy Carpenter. She was awarded with NetDiligence’s Toby Merrill Rising Star award and Temple University’s Norman Baglini Distinguished Alumni Award in Risk Management and Insurance in 2018. She serves on the Board of the Association for Professional Insurance Women and is very involved in the St. Baldrick’s Foundation. She serves as a mentor for risk management students and frequently speaks at technology and insurance conferences and universities. 

Stephen Robb

Stephen Robb

EVP, Strategy
AXA XL

Stephen Robb is Executive Vice President, Strategy at AXA XL and is the former CFO. He previously served as Senior Vice President and Group Controller of XL Group Ltd and as a Managing Director on the Company’s Leadership Council. Mr Robb has held various progressively senior leadership positions since joining XL in 2004. These include responsibility for the direction of XL’s corporate finance and policy function; global treasury functions; budgeting and planning; global regulation; financial close, reporting and control and other key finance functions. Before joining XL, he served as Senior Manager, Insurance Industry Group Leader in the insurance practice of PricewaterhouseCoopers. Mr Robb is a Chartered Accountant and a graduate of McGill University.

Jeff Sangster

Jeff Sangster

CFO and Head of Strategy
Hudson Structured Capital Management

Jeff Sangster is a Partner, Chief Financial Officer and Head of Strategy at Hudson Structured Capital Management Ltd. Prior to joining Hudson, he served as Executive Vice President and Chief Financial Officer of Validus Holdings, Ltd from February 2013 to August 2018. He joined Validus Holdings, Ltd in October 2006 and served in various finance positions during that time, including Chief Accounting Officer and Chief Financial Officer of Validus Reinsurance, Ltd. Mr Sangster has over 21 years of experience and prior to Validus held various positions with Endurance Specialty Holdings Ltd, Centre Group and Ernst & Young. Mr Sangster holds a Bachelor of Commerce (Hon) from the Asper School of Business at the University of Manitoba. He is a Chartered Professional Accountant, a member of the Chartered Professional Accountants of Bermuda and the Chartered Professional Accountants of Manitoba.

Luca Tres

Luca Tres

Partner, Head of Life
Securis

Luca Tres joined Securis in January 2015. In his current role as the Head of Life, in addition to the wider life business management, he leads the origination and structuring for life and health transactions globally, sourcing investments based on tailor-made solutions around capital, financing and risk management needs of insurance companies. He joined Securis from Deutsche Bank where, within the Global Capital Markets division, he was part of the Structured Insurance and Bank Solutions team. Mr Tres holds a Master of Science in Finance and an undergraduate degree in Institutions and Financial Markets Management, both cum laude from Bocconi University in Milan.

Peter Wilson

Peter Wilson

CEO
AXIS Insurance

Peter Wilson was appointed Chief Executive Officer of AXIS Insurance in April 2014. He joined AXIS in May 2013 as President of US Insurance. Prior to joining AXIS, Mr Wilson served as President and Chief Operating Officer for CNA Specialty, a unit of CNA Financial Corporation, which is focused on professional and management liability, healthcare, surety and other specialized insurance products and services. During his more than 20-year tenure with CNA Financial Corporation, he served in a number of leadership positions and had management responsibility for a diverse group of business units operating both in the US and internationally. Prior to CNA, he served as an Executive Vice President at AIG, where he managed AIG's commercial public D&O business in the US.

Robyn Wyatt

Robyn Wyatt

Group CFO
Resolution Life

Robyn Wyatt is Group Chief Financial Officer of Resolution Life Group. She was previously the CFO of Resolution USA and joined Resolution USA in 2013. Prior to joining Resolution USA, she was a Managing Director, Finance at Swiss Re where she held a number of senior positions including Chief Financial Officer of Global Life & Health, Financial Services and Life & Health North America. Prior to Swiss Re, she served as Vice President and Chief Accountant at Manulife Financial Corporation. She started her career at KPMG where she held positions as an auditor, adviser and consultant to insurance and reinsurance companies. Ms Wyatt is a member of Chartered Accountants Australia and New Zealand as well as CPA Canada.

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Chairs And Moderators (5)

Oliver  Ralph

Oliver Ralph

Insurance Correspondent
Financial Times

Oliver Ralph is the Insurance Correspondent at the Financial Times. Prior to this Mr Ralph was Deputy Head of Lex since 2014, specialising in banking, finance and consumer. He has also been a Lex writer and, prior to this, the FT UK Companies Editor. He joined the Financial Times in 2009, having worked at Investors Chronicle from 2000 to 2009 and Euromoney from 1998 to 2000. He graduated from the University of Edinburgh in 1996.

Robert  Armstrong

Robert Armstrong

US Finance Editor
Financial Times

Robert Armstrong is US Finance Editor at the Financial Times, having previously been the FT’s Chief Editorial Writer and prior to that, Head of the FT’s Lex column, which has been dispensing pithy, pungent and analytically informed financial commentary for nearly 80 years. Before joining the FT, Robert was a columnist at Dow Jones and an analyst at Seminole Capital, a long/short hedge equity fund. He is a Chartered Financial Analyst and has a PhD in Philosophy from Columbia University.

Arthur Wightman

Arthur Wightman

Territory & Insurance Leader
PwC Bermuda

Arthur Wightman leads the Bermuda member firm of PwC International Limited (PwC-I). He is responsible for a leadership team whose job it is to sustain and enhance an inclusive, flexible and high performance culture that enables PwC's professionals to develop the leadership skills required to create lasting value for the companies, communities and broader stakeholders they serve. Mr Wightman is also the Insurance Leader and overall Markets Leader of the member firms of PwC-I operating across the Caribbean region (Bermuda, Cayman, Barbados, Jamaica, British Virgin Islands, Bahamas and Turks & Caicos) and serves on the executive leadership team of those member firms. He has significant experience in serving large, multinational clients in various industries with a focus on Financial Services and specifically, the insurance, banking and asset management sectors. He also delivers services to public sector organisations. Mr Wightman delivers a spectrum of services including audit, assurance, deals and consulting services. He has extensive experience in delivering value to boards and executive management and has a strong track record in helping organizations to solve complex problems and realize opportunities through his extensive knowledge of issues, trends and challenges that businesses face. A thought leader, he has authored many PwC global financial services and insurance and reinsurance sector reports. More recently he has published thought leadership on blockchain in financial services and cyber. He also speaks widely on and is a champion for diversity and inclusion in the workforce.

Matthew Britten

Matthew Britten

Partner, Assurance and Risk Assurance
PwC Bermuda

Matthew Britten serves as a Partner in PwC Bermuda’s Assurance practice. He is the leader of the Bermuda firm’s Risk Assurance Services practice, providing internal audit, trust and transparency, process assurance, IT and regulatory risk services to our clients. As a result of his significant controls experience, he is also responsible for an external assurance team focusing upon clients that are SEC listed and/or require integrated audits. Having served insurance and reinsurance companies in both an assurance and advisory capacity for over 20 years, he brings extensive experience and knowledge of the property and casualty industry from a business, operations and accounting perspective. Additionally, as a significant portion of his career has also included working at PwC in New York and London, he also has broad experience working with global companies in Bermuda, Europe and the United States and has managed a number of large-scale global projects involving multi-disciplinary teams. Across these projects, he has served clients in a variety of areas ranging from external audit to accounting technical, operations transformation to outsourcing, and internal audit effectiveness to regulatory compliance. Mr Britten is a Fellow of the Institute of Chartered Accountants in England and Wales and a member of both the Chartered Professional Accountants of Bermuda and the Institute of Internal Auditors.

Colm Homan

Colm Homan

Partner, Assurance Leader
PwC Bermuda

Colm Homan is PwC Bermuda’s Assurance leader, responsible for all aspects of the firm’s Assurance practice in the Bermuda market, including operations, growth and the delivery of quality client services. He has more than 25 years of insurance and reinsurance industry experience. He specializes in the delivery of the firm’s audit and assurance and advisory services to life and annuity clients, property and casualty insurers and reinsurers and consumer products groups. He helps clients create business plans, plan and execute mergers and acquisitions, and design and carry out integration and exit strategies. Mr Homan is past chair of the Chartered Professional Accountants of Bermuda and its Professional Practice Committee. In these roles, he liaised with the Bermuda Monetary Authority (BMA) on regulatory developments affecting the auditing profession. A chartered accountant, he is also a certified internal auditor and past president of the Bermuda Chapter of the Institute of Internal Auditors.

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Who attends

We will bring together leading executives, professionals, industry experts and stakeholders to discuss the best strategies to adapt and innovate in the rapidly evolving insurance and reinsurance industry.
The following sectors are represented:

  • Insurance and reinsurance
  • Life re/insurance
  • ILS
  • Fintech, insurtech, technology startups, blockchain
  • Asset & wealth management, alternatives
  • Banking and capital markets
  • Legal, corporate and other service providers
  • Government, regulatory, business organisations

You will be eligible to receive CPE for attending this event - Book now

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Summit Fees

A standard summit ticket is $600 -  Book now

Click to book early to take advantage of our discounted room rates at the Hamilton Princess. We look forward to seeing you there! 

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Venue

Hamilton Princess & Beach Club
Harbourview Ballroom, a Fairmont Managed Hotel
76 Pitts Bay Road, Hamilton HM DX
Bermuda

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ACCOMMODATION

Book early to take advantage of our discounted room rates at the Hamilton Princess.

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PRESENTED BY (2)

The Financial Times is one of the world’s leading business news organisations, recognised internationally for its authority, integrity and accuracy. The FT has a record paying readership of one million, three-quarters of which are digital subscriptions. It is part of Nikkei Inc., which provides a broad range of information, news and services for the global business community.

With 12 partners and more than 200 people, PwC is the largest professional services firm in Bermuda, committed to delivering quality in Assurance, Advisory, Tax and Legal services. Our firm offers a wide range of capabilities, from strategy through execution. At PwC, our purpose is to build trust in society and solve important problems. We focus on creating value for our clients and serve the key industries that drive Bermuda's international economy, including: asset & wealth management; banking & capital markets; consumer industrial products & services, government & public sector; and insurance & reinsurance. 

As the leading provider of professional services to insurance organisations in Bermuda, PwC has extensive knowledge of the issues, trends and challenges that insurers and reinsurers face and can help them make disruption work to their advantage. 

Contact us

Christina Ho
Speaking Opportunities
Financial Times
Che Wheatley
Marketing, Media Partnership and Delegate enquiries
Financial Times