SPRING CONFERENCE HIGHLIGHTS
On day 1 of the conference attendees were treated to excellent presentations from Mary Seidel of the RAA with an update on TRIA; Chris Nowinski, of the Sports Legacy Institute, on concussion issues andthe work that his Institute is doing to promote knowledge and changes to safeguard today's children and current and future contact sports players from the risks associated with multiple concussions. A truly inspiring and excellent presentation. The last presentation of the morning was the Reinsurance Buyers Forum where senior executives of AIG, Main Street America and IAT Group gave their views of the current marketplace and forecast for the near-term with particular reference to the growing capacity from non-traditional markets. The Golf Tournament was enjoyed by many despite dull (but dry) weather and Julie Hassan of Markel Global Re won many of the prizes so we expect to see her back next year- well done, Julie!!.
Day 2 featured the Regional Reinsurance Market Panel discussion led by Jay Woods of Guy Carpenter and with speakers from Munich Re America; American Ag; Platinum Re; and Allied World Re. Dr. Bob Hartwig of the I.I.I. then gave his ever-interesting and thought provoking presentation on the Insurance and Reinsurance Cycle - Overview and Outlook. So the 47th Annual Spring Conference concluded and initial feedback indicated great satisfaction from participants as to the program and venue.
The Board is working on the location and dates for the 2015 conference which is likely to be held in mid-April and before the AAIS meeting.
ANNUAL MEETING OF MEMBERS, APRIL 7, 2014
In conjunction with the Spring Conference the annual meeting of members was held early on April 7 and directors and officer terms approved. Jim Brost (Holborn) continues as President and Mike Sowa (Aspen Re) was elected Vice President. Frank Bigley continues as Immediate Past President. A bylaw amendment approved the bifurcation of the Secretary/Treasurer position and Kevin Rentko (Platinum Re) was elected Secretary and Arlene Kern (Munich Re America) was elected Treasurer. Transatlantic Re's Chief Underwriting Officer for North America, Paul McKeon, was elected to the board and will be a valuable asset. Our thanks to all these individuals for volunteering their time and talent!
Also approved was a bylaw amendment expanding membership criteria to include (as affiliate members) providers of services to the reinsurance industry such as attorneys, accountants, arbitrators, consultants and financial advisors.
KEVIN SCARLETT ELECTED A DIRECTOR REPLACING VIRGIL MAXWELL WHO HAS RETIRED
Long time board member Virgil Maxwell retired from business life at year end 2013 and his colleague at American Ag, Kevin Scarlett, has been appointed to fill the remainder of his term
THE BEAUMONT GROUP ENGAGED AS IRU ADMINISTRATORS
At the Board of Directors meeting held on September 18, 2013, the Directors voted unanimously to engage The Beaumont Group as administrators of the IRU to work closely with our Interim Executive Director, Jerry Wallis, who will continue to handle corporate and financial affairs as well as assume new responsibilities for member relations and new member development.
Following the execution of the agreement, the Board named Jerry Wallis as Executive Director and Maria Sclafani and Susan Barros as Executive Administrators.
UPCOMING 2014 EDUCATION EVENTS SCHEDULE
APRIL 14TH - THE IRU & REINSURANCE NETWORKING GROUP'S FIRST LUNCH AND LEARN MEETING
at the offices of Mound Cotton Wollan and Greengrass, One Battery Park Plaza/24 Whitehall Street, New York
Speaker - Lloyd Gura, Esq.
Registration fee - $55 - CLICK HERE TO REGISTER with your username and password
MAKING SENSE OF CAT MODEL OUTPUT SEMINAR
REGISTRATION IS NOW OPEN!!
CLICK HERE TO REGISTER
Being held in Minneapolis at the Embassy Suites Minneapolis Airport (ask for the $169 IRU room rate)
Registration fee for IRU member companies - $495, Non-member companies - $695
Intended for underwriters, brokers and cedents who use and apply model output - i.e. the end product users not the modelers themselves.
An update from the highly successful seminar held last Summer in NYC with speakers from Guy Carpenter, JLT Towers Re, TigerRisk, Analyze Re and others.
Topics include: The Black Box (components, acronyms, mechanics and tools demystified); .Garbage In - Garbage Out (how data characteristics and details drive the results); The Devil is in the Differences (variations in approaches and tools); Decrypting the Output (interpreting and applying the results)
Meet your fellow participants and speakers by joining us for a networking reception the prior evening at the hotel!!
JULY 16th & 17th
Next Generation Reinsurance Leadership Seminar in NYC at the law offices of Crowell & Moring, 590 Madison Avenue, NY, NY
Actuarial Principles for Underwriters & Brokers Seminar in Chicago
OCTOBER 7th & 8th
Making Sense of Reinsurance Accounting Workshop in Minneapolis at the Embassy Suites Minneapolis Airport