Insurance Day Summit Bermuda 2012

Chairman of the Florida House of Representatives’ insurance and banking subcommittee, the Honourable Bryan Nelson and committee member, the Honourable Bill Hager, will join a special Insurance Day Q&A session on the future of hurricane risk in the US state, as part of this year’s Insurance Day Summit Bermuda, which will take place over June 12 and 13.

Bermudian carriers provide more than 60% of the hurricane reinsurance in the states of Florida and Texas and summit delegates will have a unique opportunity to hear the latest thinking on this important issue from the state’s legislative experts.

In another coup for this year’s summit line-up, the special Q&A session , which is entitled Navigating the politics of hurricane risk in Florida, will be moderated by the former chair of the Florida House of Representatives’ insurance committee, Don Brown.

Among the items on the risk agenda Nelson and Boyd will consider are: whether more risk can be transferred to the private sector; whether  the state’s catastrophe fund  is promising something it can’t deliver; the prospects for shrinking the state’s insurer of last resort Citizens; as well as examining how to make risk rather than rates the driver of public policy debate.

The Florida legislators are the latest in a long line of industry experts already confirmed to take to the Insurance Day stage at this year’s event.

Former chairman and chief executive of XL Group, Brian O’Hara, Renaissance Re head, Neill Currie and deputy governor at the Central Bank of Ireland, Matthew Elderfield will deliver keynote speeches.

Meanwhile, further summit panel sessions will feature contributions from such industry luminaries as Endurance chief executive, David Cash, Hiscox Bermuda boss, Charles Dupplin, chief executive of Alterra Capital, Marty Becker and Axis chairman Michael Butt.

Among the diverse topics on the agenda are an examination of how the US federal advisory committee on insurance will work and its anticipated impact on Bermuda and other markets; what the fall-out from the Eurozone crisis means for the island’s carriers, the evolution of enterprise risk management and risk capital; whether rival jurisdictions such as the Cayman Islands; which has recently unveiled a range of incentives designed to attract reinsurance capital, pose a legitimate threat to the island; and the rise of supply chain risk.

Now in its sixth year, the Insurance Day Summit Bermuda is firmly established as the best platform for executive management to meet, network and do business, all brought to you by the insurance industry’s only daily newspaper. In June, Summit delegates will gather at The Fairmont Hamilton Princess in Bermuda and over the two days more than 50 chief executives and senior management speakers from the Bermudian market and further afield will take to the Insurance Day stage to debate the major issues affecting the insurance market and your businesses.

The Summit represents a unique opportunity for all major stakeholders to listen to, debate and network with fellow insurance industry colleagues.

Richard Banks Editor Insurance Day

Greg Dobie Managing Editor Insurance Day

Keep an eye out here www.insurancedaysummit.com/bermuda and on www.insuranceday.com for more information regarding the 2012 Insurance Day Summit Bermuda.