Shifting Market, Shifting Tides - A New Marine Insurance Landscape is Emerging
Alexander Hamilton U.S. Custom House, 1 Bowling Green, New York NY 10004
Time: 8:30AM – 5:15PM • Cocktail reception: 5:30-6:30PM
Registration Fee: $250 (member) / $500 (nonmember) (includes breakfast, presentations, lunch and cocktail hour)
Cocktail Hour: $125 (from 5:30 to 6:30)
Continuing Education Credits:
NAMS: 8 Credits
SAMS: 8 Credits
State Insurance Departments:
Approved for 8 CE credits in TX, NJ, NY and PA; pending approval in CT.
|Sean Dalton (Chair)||Munich Re America|
|Kaity Sansone (Vice Chair)||Gen Re|
|Rob Ryan (Vice Chair)||Navigators|
|Andrew D'Alessio||AXA XL|
|Deirdre Donovan||Munich Re America|
|Taylor Magrath||Starr Marine|
|Dennis Smith||Guy Carpenter|
|8:00 am||Registration & Breakfast|
|8:30 am||Welcome and Opening Remarks||Michael McKenna, Chairman, AIMU
John Miklus, President, AIMU
Sean Dalton, Munich Re America
|9:00am - 9:45am||Overview of US P&C and Marine Market
Update on economic outlook and review of US P&C Insurance Market and Ocean Marine Insurance Market including factor influencing exposures and results.
|Jim Lynch, Insurance Information Institute|
|9:45am - 11:00am||Lloyds US Underwriter and Broker Panel Discussion
Focus on market changes and impact of Lloyd's "Closing the Gap" initiative on both the Global and US Marine Insurance Markets. This panel will provide both underwriter and broker perspectives from a number of different professionals and marine lines of business. Interactive session that will feature facilitated questions and audience Q&A. Moderated by Sean Dalton
Mark Engel, ProSight Specialty Insurance
|11:00am - 11:15am||Break|
|11:15am - 12:00pm||Weather/NAT CAT and RMS Modeling Tool Updates
Session will cover an update on NAT CAT Weather developments and impact to the Marine Insurance Industry. RMS will also provide an update on modelling tools applicable to the Marine Insurance Industry including Cargo, Yacht and Flood. Followed by Q&A.
Darin Figurskey, NOAA's National Weather Services
|12:00am - 1:00pm||Lunch||Buffet style lunch is served in foyer|
|1:00pm - 2:20pm||Mega Ship Challenges
Individual presentations highlight the recent casualties and challenges posed by larger ships including navigation, salvage, vessel fire (hazmats / mis declared cargo), containers overboard, grounding, wreck removal and claims including General Average. The panel will include leaders and professionals from a shipping company, P&I Club, Surveyor and Adjuster. Followed by Q&A.
Ian Lennard, National Cargo Bureau
|2:20pm - 3:00pm||Emerging Issues: ‘Marijuana/Opioid Crisis’ including the USCG is increasing random drug testing and its greater impact on licensed mariners & ‘Punitive Damages’ with discussion of Punitive Damages and Batterton - the case presently before the Supreme Court on the issue of whether punitive damages are available for unseaworthiness.||Chief Administrative Law Judge Honorable Walter J. Brudzinski
Harold Watson, Chaffe McCall LLP
|3:00pm - 3:15pm||Break
|3:15pm - 4:00pm||Hurricane Plans
Individual presentations highlight effective Hurricane Plans for Yacht (haulouts, mangrove mooring, hurricane proof storage facilities), Cargo, and Shipyards. Will provide discussion on effectiveness and ramifications if hurricane plans are not executed upon as well as lessons learned from 2017 and 2018 NAT CATs. Followed by Q&A.
Claudio Crivici, Castlerock Risk Services, LLC
|4:00pm - 5:15pm||Marine Leadership Panel
Leadership panel to address current issues including day-to-day challenges, profitability, expenses, talent, diversity, training, trends, innovation (disruption), technology, large losses, modeling, global trade uncertainty and more. Interactive session that will feature facilitated questions and audience Q&A. Moderated by Anthony Cowie.
Karen Griswold, Chubb
||John Miklus, President, AIMU|
|5:30pm - 6:30pm||Cocktail Reception||Custom House, Rotunda, One Bowling Green, NYC|
Refund requests will be honored if received at least 48 hours prior to the scheduled start date. All refunds will be subject to a processing fee of 4%.