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Insurance

PwC Insurance Summit 2019

Ensuring Adaptability for the Road Ahead

Bermuda |
Speakers include:
Brian Duperreault

Brian Duperreault

AIG

Nigel Frudd

Nigel Frudd

Sompo International Holdings

Robyn Wyatt

Robyn Wyatt

Resolution Life

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 16:15:00truePwC 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, Insurance Leader, PwC Bermuda

  • 8:40am
    Perspectives for Global Players

    This opening dialogue provides insight into the structural changes impacting global insurance and reinsurance markets and looks at Bermuda’s role on the world stage.

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

  • 9:00am
    CEO Dialogue: 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.

  • 9:45am
    Coffee Break
  • 10:00am
    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? 

  • 10:40am
    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.

  • 11:20am
    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.

  • 12:00pm
    Bermuda’s Role on the World Stage

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

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

  • 12:20pm
    Lunch
  • 1:20pm
    CFO Dialogue: Strategies for Capital Optimization

    How are re/insurers balancing current operating needs with future prospects for growth? Which areas of the re/insurance value chain are already seeing meaningful ROI? Which areas are still ripe for innovation and investment? How has the impact of US tax reform played out, and where are there new challenges on the horizon? This panel of leading CFOs shares insight into the many financial and non-financial KPIs that drive business performance and profitability in today’s rapidly changing environment.

  • 1:55pm
    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?

  • 2:30pm
    Coffee Break
  • 2:40pm
    Spotlight: Demystifying Artificial Intelligence

    AI is showing up as a component of almost every new insurtech offering, and its potential to transform the industry seems limitless. How can firms separate substance from hype and realize measurable efficiency gains and cost savings through the implementation of AI-powered solutions?

  • 3:00pm
    Factoring In Climate Change

    Given the recent frequency and severity of extreme weather events, accompanied by a sharp rise in losses, many in the industry are concerned insurers need to do more to address the long-term impact of climate change. What are firms doing to update their climate models to better account for these changing risk profiles?

  • 3:40pm
    Keynote Interview: Reimagining the Business of Insurance
  • 4:10pm
    Closing Remarks

    Arthur Wightman, Insurance Leader, PwC Bermuda

  • 4:15pm
    Reception

Speakers (15)

Brian Duperreault

Brian Duperreault

President and CEO
AIG
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.

Robyn Wyatt

Robyn Wyatt

CFO
Resolution Life
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.

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
Mary Forrest

Mary Forrest

President and CEO
Munich Re, North America (Life and Health)
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

CEO
Athene Life Re
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.

Dennis Mahoney

Dennis Mahoney

Executive Chairman
RFIB Group
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.

Peter Wilson

Peter Wilson

CEO
AXIS Insurance
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Chairs And Moderators (4)

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

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, Insurance Group
PwC Bermuda

Matthew Britten is a Partner in the Insurance group at PwC Bermuda. He leads the firm’s external assurance team serving SEC listed insurance and reinsurance clients and its Risk Assurance practice, providing internal audit, process assurance, IT and regulatory risk services. Having served insurance and reinsurance companies in both an assurance and advisory capacity for over 19 years, he brings extensive experience and knowledge of the property & casualty industry from a business, operations and accounting perspective. As a significant portion of his career has 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. He has managed a number of large-scale global projects involving multi-disciplinary teams. 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.

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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)

Financial Times Live (FT Live) is the global conferences and events division of the Financial Times Group. Chaired by senior journalists from the Financial Times Group, the summits, conferences, awards and strategic forums organised by FT Live gather the world’s brightest minds and most influential decision-makers.

Exclusive on-stage interviews, stimulating presentations and lively panel debates – available on multiple content platforms – provide the cutting-edge insights, unique personalities and peer audience engagement that have the power to transform finance, business, politics, society and culture.

The Financial Times is one of the world’s leading business news organisations, recognised internationally for its authority, integrity and accuracy. In 2016 the FT passed a significant milestone in its digital transformation as digital and services revenues overtook print revenues for the first time. The FT has a combined paid print and digital circulation of more than 910,000 and makes 60% of revenues from its journalism.

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

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Speaking Opportunities
Financial Times
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Marketing, Media Partnership and Delegate enquiries
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