A practical one-day *In-house* seminar addressing the key challenges facing exit strategies including run-off and other schemes.
The run-off industry is projecting huge growth in the coming years. Run-off liabilities are currently estimated at several hundred billion US$ and this is set to rise even more. With this type of growth and following the implementation of the EU Reinsurance Directive and other important judgments which will effect schemes of arrangement and the latest trends in exit strategies, this is an ideal time to get upto- date with all of these issues.
This timely update will focus on these current issues and others in run off and commutations. Throughout the programme the distinguished and expert panel of speakers will offer their insights and experience, plus many practical tips and techniques to ensure that by the end of this concise day you are completely upto- date from a legal, commercial and practical perspective.perspective.
By attending this seminar, you will:
Peter Fidler is Special Counsel with Edwards Angell Palmer & Dodge UK LLP. He has focused on insolvency and banking for over 30 years and has been recognised in the legal directories as one of the leading practitioners in insurance insolvency since the early 1990s; he has been noted for innovative advice on schemes, described as first class for complex international schemes and hailed as the godfather of insurance insolvency. He is also highly regarded for asset tracing cases in insolvencies.
Helen A Franzese is Counsel of Riker Danzig London LLP and practices exclusively in insurance law, advising and representing insurance companies in complex coverage litigation and alternative dispute resolution proceedings. She has represented London Market companies, syndicates and US based insurers in asbestos, pollution and health hazard related coverage matters.
Tim Goggin is a partner at Hogan Lovells where he specialises in corporate and regulatory advice to insurance industry clients including mergers and acquisitions, reorganisations, joint ventures and authorisations. Tim joined Hogan Lovells in 1994 and became a partner in 2003. Since 2004 he has been recommended for non-life insurance corporate and regulatory work by the UK’s legal directories. He is described in Chambers UK 2010 as having “an excellent reputation as a transactional and regulatory specialist”. He is a regular speaker on insurance business transfers and Solvency II.
Alison Green is joint leader of the Insurance and Reinsurance Group of 2 Temple Gardens, London. She specialises in commercial law, in particular insurance and reinsurance law, professional negligence and private international law. She has extensive experience of insurance and reinsurance litigation on coverage and avoidance disputes involving a wide variety of covers. Alison is Vice President of the British Insurance Law Association, having previously been its Chairman, and is Vice Chairman of the Law Reform Committee of the Bar Council. Alison is recommended as a leading junior specialising in Insurance in Chambers and Partners’ Directory. She is described in the 2010 Directory as “an eminent authority in the insurance community”, whose recent case highlights have included handling complex issues of French insurance law relating to a significant product contamination case.
Chris Hill is a senior associate within the insurance and reinsurance practice. He advises on both contentious and noncontentious matters. He has advised insurers undertaking Part VII transfers and schemes of arrangement on all matters relating to the Court process. He recently conducted a comparative study for the International Bar Association on the ways in which insurance and reinsurance portfolios can be transferred around the world. Contributions were obtained from 27 countries. Chris also advises on transactions involving insurance linked securities as well as agreements distributing insurance products.
Anthony Lennox is a partner in the London office of Berwin Leighton Paisner. Anthony is Trainee Principal and Head of the firm’s Reinsurance and Insurance Group. He has extensive experience in reinsurance and insurance litigation, arbitration and dispute resolution for a wide variety of UK and international insurers, reinsurers and intermediaries (including brokers). On reinsurance, he has a wide range of experience, including PA, major treaty disputes, reinsurance recoveries and run off problems. On insurance, he has particular experience of directors and officers liability, product liability, legal expenses insurance, commercial lines, jeweller’s block, property damage and personal accident claims.
Graham Oswald is an Associate Director in the PwC Actuarial & Insurance Management Solutions team, specialising in general insurance. He is a qualified actuary with ten years of consulting experience, providing advice to insurers and reinsurers on a wide range of actuarial services including reserving, business planning and commutations issues. Graham has extensive experience of the general insurance run-off market and specialises in the estimation of latent claim liabilities for both reserving and commutation purposes. He has worked with a number of claims and legal professionals to negotiate settlement values for commutations (particularly in relation to the insurance and reinsurance of US APH business) both inside and outside of Schemes of Arrangement. He has also assisted several clients with the implementation of Schemes of Arrangement.
Vivien Tyrell is a partner at Reynolds Porter Chamberlain in London. Vivien is an authorised insolvency practitioner and has advised on insurance insolvency since 1987. Vivien has prepared several Schemes of Arrangement of international insurance and reinsurance companies and advises on the insolvency aspects of contentious and potentially contentious matters arising in the insurance industry. Vivien is recognised by the Legal 500, Chambers Directory of the Legal Profession and Euromoney Expert Guides – Insolvency and Restructuring Lawyers as a leader in her field.
David Vaughan is CEO of Tawa where he is responsible for developing its business via acquisitions, extracting value from CX RE and its other run-offs and directing and overseeing Tawa’s service provision to the Insurance Market. David was a partner in the Insurance Business Restructuring Services division of PwC prior to joining Tawa in May 2001 and has specialised in the insurance and reinsurance industry since 1987 with extensive experience in advising underwriters, brokers, underwriting pools and life companies. David focuses on advising run-offs on exit routes, run-off strategy, financial restructuring, effectiveness reviews, support on reinsurance disputes and insolvency advice.
Nick Watford is a director in the PwC actuarial insurance practice. Nick has 14 years experience of providing a range of actuarial solutions to P&C insurers and reinsurers. For the last 9 years he has specialised in the development of actuarial solutions to assist both solvent and insolvent schemes of arrangement. He has worked on the closure phase of most of the large insolvent schemes in the market over recent years, including Andrew Weir, North Atlantic and KWELM. He has provided advice to several solvent schemes with significant asbestos, pollution and other latent claim liabilities. Nick has extensive experience in working with claims and legal professionals to negotiate settlement values for commutations both inside and outside of schemes of arrangement.
We don't have any currently scheduled dates for this course but we can customise it to your requirements and deliver it on an in-house basis for any number of your staff or colleagues.
See below or contact us to discuss yor requirements.