9.00	Registration & refreshments
10.00	Welcome address & chair’s introduction Leila Madeiros, Vice President and Corporate Secretary, Association of Bermuda Insurers and Reinsurers (ABIR)
10.15	Key Note Address Where to From Here? The US, Bermuda and the World of Reinsurance Importance of re/insurance to Bermuda’s economy. Can it continue to grow?  Importance of American business to Bermuda’s economy. Importance of Bermuda to the US economy. Good bilateral relations between our two countries - why so important. Importance of a good regulatory regime. Looking forward. The Honorable Gregory W Slayton, US Chief of Mission to Bermuda
10.45	Current trends and issues impacting the reinsurance industry The potential impact of the sub-prime mortgage debacle on the reinsurance industry and what we can expect in the coming years The potential bad faith implications resulting from the primary/excess/reinsurer relationship The movement for including a mediation clause or other alternative dispute resolution wording in reinsurance contracts as a means of avoiding the cost of arbitrations and/or litigation.  In response to the increasing cost of resolving disputes in the reinsurance marketplace, carriers are looking at alternative ways to resolve disputes prior to, and as an alternative to, arbitration or litigation Mark Seiger, Partner, Goldberg Segalla LLP Thomas Segalla, Partner, Goldberg Segalla LLP Jesse Dunbar, Aspen Re Daniel Gerber, Partner, Goldberg Segalla LLP Maureen O’Connor, Travelers Insurance
11.45	Coffee
12.00	Solvency II The shape of the final framework Constructing the pillars and digging through the levels Solvency II and international accounting requirements Adoption and adaptation A blueprint for global regulatory standard Sarah Goddard, CEO, Dublin International Insurance & Management Association (DIMA)
11.45	Networking lunch
14.00	Investing in Lloyd's - an effective strategy? Lloyd's - why consider investing? Potential structures - maximising the benefits Regulation - asset or liability? Taxation - a burden to be borne? Captial - forms, costs and returns Accouting - mind the GAAP Andrew Hubbard, Head of Insurance Service, Mazars LLP Session sponsored by:
15.00	Tea
15.20	Planning for the future, underwriting now With the market softening, can Bermuda maintain its underwriting discipline Has capital management replaced underwriting Time horizons The ‘restraining influence’ of regulators and rating agencies Does management know what the underwriters are doing? Over and under estimation of ‘tail events’ in the pricing process Mark de Saram, Chief Executive Officer, Everest Re Susan Patschak, Chief Executive Officer, Canopius Bermuda Limited & Canopius Underwriting Bermuda Limited
16.45	U.S. Regulatory changes and development The future of U.S. collateral requirements and Reinsurance Regulatory Reform in the U.S. Can the cascading U.S. Federal Excise Tax be avoided? How will Revenue Ruling 2008-15 affect non-U.S. reinsurers? Joseph Sieverling, Reinsurance Association of America Steve Weinstein, Senior Vice President, Chief Compliance Officer, General Counsel & Secretary, Renaissance Re
17.30	Close of day one
19.00	Congress Gala Dinner

9.15	Coffee
9.45	Chair’s introduction
10.00	Emerging Catastrophe markets and new forms of old risk ILS market: definitions, size, risk classes Supply and demand ILS vs traditional reinsurance Pricing and models Brian Secrett, Senior Vice President, Head of Reinsurance Operations, Bermuda, Partner Reinsurance David Oliveira, Co-Portfolio Manager, Nephila
10.45	The unfulfilled promise of Enterprise Risk Management:  what questions should we be asking? Measuring risk, the essential first step Managing capital, risk appetite is not the criterion Maximizing value, a practical approach Choosing an optimal strategy Dr William Panning, Executive Vice President & Managing Director, Willis Re
11.30	Coffee
11.45	Alternative Risk Transfer How the ART market is changing Risk securitization , Cat Bonds & Sidecars Why is alternative risk transfer insurance growing so fast?  What are some of the options available within the alternative risk transfer market? Robert J Cooney, Managing Director, Capital Markets, Aon Re Global
12.30	Becoming a globally integrated enterprise (GIE) as the reinsurance industry adapts to macroeconomic trends Growing importance of developing markets require innovative responses Performance of niche players will force further insurer specialization across all geographies Vast majority of CEOs are aggressively moving towards global integration – and radically configured business designs How IBM’s component business model (CBM) cen be leveraged to define Global Capabilities – and understand what capabilities to build, where and how Kishore Ramchandani, Associate Partner, IBM Financial Consulting Practice Session sponsored by:
13.15	Networking lunch
14.15	Workshop sessions: Delegates may choose whether to attend Session A or Session B which run concurrently
	A	With climate change comes risk and opportunity Global warming – fact or fiction? What are the reinsurance implications How should companies estimate/disclose their liabilities arising out of global warming New risks, new opportunities Will Skinner, AIR-Worldwide
	B	Becoming a globally integrated enterprise (GIE) as the reinsurance industry adapts to macro-economic trends In this workshop, we will take the learnings from the 12.30 presentation and have participants define their desired strategic business capabilities, align these capabilities with the IBM Reinsurance industry map, identify opportunities for global integration, identify “hot” components and discuss current gaps that should be addressed to enable the target operating model.  Kishore Ramchandani, Associate Partner, IBM Financial Consulting Practice Workshop sponsored by:
15.00	Florida’s insurance quandary:  What needs to be done Barney Bishop, President and Chief Executive Officer, Associated Industries of Florida
15.30	The future of the reinsurance industry Emergence of new capital sources Emergence of new types of reinsurers Impact of credit crisis and pricing cycles Potential changes in the regulatory / tax / political environment and how that will affect the reinsurance insurance New paradigm after a big loss - $8Billion in 8 weeks after Katrina Black Swans - more frequent and more severe? The future role of the intermediary The new global (re)insurer platform - US / London / Bermuda Indexed Linked Securities - new environment or passing fad? Andre Perez, Chief Executive Officer, Horseshoe Group David Kalainoff, Head of Reinsurance Division, Max Lorraine Barnett, President and CEO, Legal Guardian
16.15	Closing remarks
16.30	Close of congress

Robert J Cooney, Managing Director, Capital Markets, Aon Re Global

Lorraine Barnett, President and CEO, Legal Guardian

Barney Bishop, President and Chief Executive Officer, Associated Industries of Florida

Jesse Dunbar, Aspen Re

Daniel Gerber, Partner, Goldberg Segalla LLP

Sarah Goddard, CEO, Dublin International Insurance & Management Association (DIMA)

Andrew Hubbard, Head of Insurance Service, Mazars LLP

David Kalainoff, Head of Reinsurance Division, Max

David Oliveira, Co-Portfolio Manager, Nephila

Maureen O’Connor, Travelers Insurance

Leila Madeiros, Vice President and Corporate Secretary, Association of Bermuda Insurers and Reinsurers (ABIR)

Dr William Panning, Executive Vice President & Managing Director,
Willis Re

Susan Patschak, Chief Executive Officer, Canopius Bermuda Limited & Canopius Underwriting Bermuda Limited

Andre Perez, Chief Executive Officer, Horseshoe Group

Kishore Ramchandani, Associate Partner, IBM Financial Consulting Practice

Mark de Saram, Chief Executive Officer, Everest Re

Brian Secrett, Senior Vice President, Head of Reinsurance Operations, Bermuda, Partner Reinsurance

Thomas Segalla, Partner, Goldberg Segalla LLP

Mark Seiger, Partner, Goldberg Segalla LLP

Joseph Sieverling, Reinsurance Association of America

Will Skinner, AIR-Worldwide

The Honorable Gregory W Slayton, US Chief of Mission to Bermuda

Steve Weinstein, Senior Vice President, Chief Compliance Officer, General Counsel & Secretary, Renaissance Re