Wednesday, September 30
Aon-Benfield NICC Golf Tournament at Eagle Creek Golf Course,
(Tournament begins at 11:00 A.M) Golf registration required.
Conference Registration Opens 4:00 pm
6:00 pm – 8:00 pm Cocktail Reception, Sponsored by GenRe
Thursday, October 01
Full Breakfast sponsored by Riverfront Medical Services.
Welcome and Introduction
Superintendent of Financial Institutions, OSFI
Superintendent Julie Dickson will give an overview of the current economic environment, and what OSFI is seeing in the most recent property and casualty results. Ms. Dickson will also provide some insight into various regulatory initiatives, and discuss what she feels will be important issues in the coming quarters. She will respond to questions at the end of her presentation.
Networking Break, Sponsored by MKA Canada
Muddy Waters, Shifting Sands - Implications of IFRS and Solvency II
CA, ACA, Partner, Audit and Assurance Group, PricewaterhouseCoopers LLP
CA, Senior Vice President & CFO, The Dominion of Canada General Insurance Company
Director, Financial Reporting Analysis, Standard and Poor’s
Director, Accounting Policy Division, OSFI
With January 1, 2011 fast approaching, Canadian insurers are picking up the pace to be ready for IFRS. In the midst of a major accounting change, the model for insurance accounting is the subject of fierce debate: Europeans and Americans hold very different points of view, the International Accounting Standards Board is struggling to build consensus and, in the U.S, the new government seems more interested in the well-being of its corporations rather than nailing its colours to the IFRS mast. In the E.U., Solvency II, long heralded as the progressive answer to ensuring the financial strength of insurance company balance sheets, is under scrutiny. As market turmoil continues, will we see the trend to global financial reporting and regulation change tack? This expert panel will discuss the global and Canadian issues while also addressing the practical implications for management.
Lunch and presentation sponsored by The IBC
Luncheon Speaker: Terry O’Reilly, Host of CBC Radio’s ‘The Age of Persuasion’
Award-winning ad man and host of the popular CBC Radio show ‘The Age of Persuasion’, Terry O’Reilly, will share his insights into the seismic shifts that are taking place in the world of marketing. O’Reilly draws on knowledge gained over an impressive 25-year career, adding his unique style of humour and examples from historic campaigns to provide a fascinating look at how to win the hearts of consumers by building a powerful emotional connection.
Global Reinsurance - Back to Basics
Retired Chairman and Chief Executive Officer, Munich Reinsurance America, Inc.
Member of the Board of Management, Munich Re
President and CEO, Gen Re
President & CEO, Harbor Point Limited
Join global reinsurance industry leaders as they discuss the implications of the global economic crisis, tight credit, scarce and expensive capital, a hardening market and more, for cedants and for reinsurers.
Networking Break, Sponsored by MicroStrategy
Vice Chairman, HKMB Hub International
CEO, Executive Risk Group
President, Lloyd’s Canada
ACII, Underwriting Director, Pembroke (London)
Vice President, Aon Financial Services Group
Dating back to the inception of insurance, the London Market has always served as the nucleus for insurance capital on both a primary and reinsurance basis. As the world adapts to economic challenges, evolving risk exposures and the need for a new financial architecture to be shaped, the London insurance market is also adapting by addressing the fundamental importance of risk assessment, market access and the distribution of its products and services. This panel represents the wide range of participants involved in dealing with the London Market in terms of strategy and the alternative broker-MGA-direct models.
President & CEO, Facility Association
Chief Operating Officer (COO), The Sovereign General Insurance Company
President & COO, Pembridge Insurance Company
Consumer Advocate for Insurance, Province of New Brunswick
The last hard market brought Facility Association into the public spotlight and it could well be there again sooner rather than later. Join two former Facility Association Board Chairs, Bob Tisdale and Rob Wesseling, and the New Brunswick Consumer Advocate for Auto Insurance, Ron Godin, as FA President Dave Simpson asks them to take a hard look at Facility’s role in the auto cycle.
Executive Vice President, Martin Merry and Reid, and President-Elect, IBAC
Superintendent & CEO, Ministry of Finance, B.C.
CEO, McFarlan Rowlands Insurance, and Chair of the IBAO
This panel will explore several market conduct issues including broker independence, control versus control-in-fact; Administrative Monetary Penalty (AMP) schemes as an alternative to traditional and expensive prosecution methods; and perspectives on market conduct issues, including Part XIII of the ICA, from a provincial regulatory angle. This session promises to be lively.
Cocktail Reception sponsored by Standard & Poor’s
Gala Dinner sponsored by Guy Carpenter
Dinner Wine sponsored by PricewaterhouseCoopers
Entertainment sponsored by Guidewire Software Inc.
Friday, October 02
Full Breakfast sponsored by Towers Perrin
Global Economic Outlook
Ph.D., Managing Director, Chief Economist, State Street Global Advisors
From his vantage point as Chief Economist at State Street Global Advisors, Ltd., Dr. Probyn will provide an analysis of the economic picture in the US, Canada and EAFE in these unprecedented times of global economic stress.
Show Me the Money - Insurance Stocks and the M&A Outlook
Partner, KPMG LLP
Co-Chairman, Fox-Pitt Kelton Cochran Coronia Waller
CFA, Managing Director, Life Insurance and Diversified Financial Analyst, BMO Capital Markets
Managing Director, Investment Banking and Head of the Financial Institutions Group, Scotia Capital
Is capital coming back? This expert panel of outspoken investment bankers and equity analysts will debate current and prospective capital market and private equity appetite for Canadian, US, and global insurers, brokers and reinsurers. They will also discuss the current M&A climate and the outlook for acquisitions going into 2010.
Networking Break sponsored by Lloyd's
Senior Vice President, Chubb Insurance Company of Canada
Vice President, Director Engineering Laboratory, Travelers Insurance Company
Senior Vice President, Partner Reinsurance Company
This session will be of interest to managers of risk, brokers, underwriters and claims professionals alike.
Come and listen to two very distinct perspectives from two industry experts. What are emerging issues in product losses? What new product losses are around the corner? What mistakes are made in evaluating plaintiffs’ cases? What are the implications of the economic crisis on the D & O and E & O worlds? How will automobile lines be impacted? What will happen to the frequency and severity of loss costs? Will the recession impact claims? Are our models working on natural catastrophes?
President & CEO, Aviva Canada Inc.
Senior Director, J.D. Power and Associates
Business Columnist, The Toronto Star
Senior Vice-President, Issues Management and Communications, IBC
Chair, Board of Governors, Canadian Federation of Independent Business (CFIB)
As market conditions become increasingly challenging, insurers and brokers cannot forget the consumer. Even in the best of times, understanding client needs and friction points is important to insurers and brokers of personal lines home and auto as well as commercial clients. in the best of times. Now in the midst of a hardening market and a brutal recession, getting a fix on these issues is critical. The panelists will provide insights their diverse perspectives.
Lunch sponsored by the CIP Society
Be privy to a conversation with Former Prime Minister Jean Chrétien. Mr. Chrétien will be interviewed live on stage by Allan Gregg, chairman of Harris/Decima Research and host of the television show, “Allan Gregg In Conversation With…”. Mr. Chrétien will share his experience, insights and opinions on a wide range of topics. At the close of what is certain to be an engaging conversation, you will have the chance to ask questions. Don’t miss this rare opportunity to encounter one of Canada’s most savy political leaders.
Social Guests Welcome
Conference Wrap Up
President & CEO,
Post-Conference Networking Meetings (Optional)
We know that for many NICC delegates, networking is a big part of why they come year after year. In recognition of this, we have adjusted the agenda this year to create additional meeting opportunities at the conclusion of the conference. We’ll do this by opening up the main plenary space for meetings. Delegates will be able to reserve a table and invite other delegates to join them.
Click here for more details.
Post-conference meetings conclude 5:00PM