Conference

Life InsuranceProperty-Casualty
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Day 1—Wednesday, December 7, 2011
Time Session Details
8:00 AM–9:00 AM

Breakfast and registration
9:00 AM

Welcome Remarks

Speaker

  • Shaun Crawford, Global Insurance Sector Leader – Ernst & Young, LLP
9:00 AM–10:00 AM

CEO Panel Address

Leaders in our industry will discuss the uncertain economic environment and the effect on the sector. As the insurance industry is currently facing many challenges these experts will discuss the opportunities that lie ahead and strategies that are essential for laying a foundation for growth.

Moderator

  • Shaun Crawford, Global Insurance Sector Leader – Ernst & Young, LLP

Panelists

  • David H. Long, President & CEO – Liberty Mutual Group
  • Roger W. Crandall, Chairman, President, and Chief Executive Officer – Massachusetts Mutual Life Insurance Company
  • Mark Pearson, Director, President and Chief Executive Officer, North America – AXA Financial, Inc.
  • Robert Schultz, President – AiX Group (Member of Hanover Insurance Group)
  • David Cash, Chief Executive Officer – Endurance Specialty Holdings Ltd.
10:00 AM–11:00 AM

Insurance Industry Outlook-Regulation, Opportunities & Beyond

This session will discuss the biggest challenges facing the industry in the upcoming year. Greg Gaskel will provide insight on the industry outlook as well as outlining possible effects of federal regulatory efforts.

Speaker

  • Gregory Gaskel, Managing Director, North America Insurance Ratings – Standard & Poor’s Ratings
11:00 AM–11:30 AM

Refreshments
11:30 AM–12:30 PM

Chief Economist on Industry Trends, Impacts & Opportunities

A Chief Economist identifies trends that will impact the industry in the next few years, macroeconomic and microeconomic challenges, and opportunities to reestablish growth.

Speaker
12:30 PM–1:30 PM

Networking Lunch
1:30 PM–2:15 PM

Life Insurance – CEO Keynote Address

Speaker
1:30 PM–2:15 PM

Property-Casualty – CEO Keynote Address

Speaker

  • Susan Rivera, President & CEO – V3 Insurance Partners LLC
2:15 PM–3:15 PM

Life Insurance – Tomorrow’s Agent, Tomorrow’s Opportunities

This session, moderated by National Underwriter Life & Health’s Editor in Chief – Bill Coffin, will lead a discussion on the challenges and opportunities facing the distribution models of today and tomorrow.

Moderator

  • Bill Coffin, Editor-in-Chief – National Underwriter Life & Health

Speaker

  • Mark Hug, Chief Marketing Officer, Individual Life Insurance – Prudential Financial
  • John Carlson, SVP of Life Distribution Management , – AXA Equitable Life Insurance Company
2:15 PM–3:15 PM

Property-Casualty – Searching for Efficiency in Capital Markets for the P&C Insurance Industry

Traditional investors in the property casualty sector have faced the challenge of having their capital trapped. Now facing a different environment and an unclear securitization market, investors are searching for other ways to put capital to work. This session will look at secondary ways to invest through side cars, derivatives, valuation, M&A and more.

Speakers

  • William Dubinsky, Managing Director & Head of ILS – Willis Capital Markets & Advisory
  • George Cook, CIMA, Senior Vice President – Investments, Institutional Consulting Director – Graystone Consulting, a division of Morgan Stanley Smith Barney LLC
  • David Schieldrop, Managing Director, IBD-Financial Institutions Group – Barclays Capital
  • Nicolas D. Zerbib, Senior Principal – Stone Point Capital & Member, Investment Committees – Trident Funds
3:15 PM–3:45 PM

Refreshments
3:45 PM–4:45 PM

Life Insurance – Capital Markets for the Life Insurance Industry

2011 saw some activity for further development of life and health insurance securitization. The market saw activity in mortality, longevity, and divergence risks. The panel will discuss this sector of the market from the perspective of issuers and investors.

Moderator:

  • Jim Toole, FSA, CERA, MAAA Managing Director – Global Insurance Services Practice, Forensic and Litigation – FTI Consulting

Speakers

  • Alex Cowley, Managing Director, Insurance Solutions Group – UBS Securities LLC
  • John K. McCarroll, Vice President & General Counsel – Q Capital Strategies
  • Paul Puleo, Head of Financial Institutions Group, Capital Markets & treasury Solutions – North America Deutsche Bank Securities
3:45 PM–4:45 PM

Property-Casualty – A CRO’s Perspective: Risk Management & Decision Making

A strong ERM program can mean the difference between surviving and thriving in a challenging environment. Companies that had the right mechanisms in place at the start of the downturn have emerged much stronger than those that didn’t. Should you reassess your risk governance model? Is risk management linked to capital management in your company? Is your CRO involved in strategic decisions, or are those left to the business units? Are you doing all you can to identify emerging risks? Sid Sankaran examines ways to improve the decision-making process through more effective risk management.

Speaker

  • Sid Sankaran, Senior Vice President, Chief Risk Officer – AIG
4:45 PM–5:30 PM

Life Insurance – Longevity Panel Discussion

Changing demographics are having a big impact on the life insurance industry. Between increased lifespans and decreased government retirement benefits, our aging population has financial needs that our industry is in a unique position to meet. We’ll explore innovative new product offerings that capitalize on this opportunity to drive growth and profitability.

Moderator

  • Christopher Raham, Senior Actuarial Advisor, Insurance and Actuarial Advisory Services- Ernst & Young LLP

Panelists

  • George Graziani, FSA FCIA, Senior Vice President, Longevity Risk – Swiss Re
  • Alastair C. Shore, FCAS, MAAA, Senior Vice President, Chief Actuary and Chief Risk Officer – CUNA Mutual Group
  • Phil Hall, Managing Director – Highland Capital Management LP
4:45 PM–5:30 PM

Property-Casualty – The Claims Landscape

As P&C insurers continue to face uncertain market and economic conditions, claims management is sure to have a central place in their strategies. A strong operational process can lead to higher profitability. This session will discuss the importance of the development and maintenance of best practices, centralization and specialization of claim handling, technology and other operational performance aspects.

Moderator

Panelists

  • Steve Hatch, Chief Claims Officer – Zurich, North America
  • Paul Tuhy, Head of Global Claims – XL Insurance
5:30 PM–6:30 PM

Networking Reception – Sponsored by FTI Consulting
Day 2—Thursday, December 8, 2011
Time Session Details
8:00 AM–9:00 AM

Breakfast and Registration
9:00 AM

Chair’s Opening Remarks

Speaker

  • Shaun Crawford, Global Insurance Sector Leader – Ernst & Young, LLP
9:00 AM–9:45 AM

Pursuing A Full Customer Experience

The CFO’s of USAA and State Farm will discuss their successful stories of offering products across the financial platform and how they have thrived in this environment. Each CFO will explain the uniqueness of his or her operation and the balance he or she has across all four business offerings.

Moderator

  • Dave P. Hollander, Partner, Global Insurance Advisory Services – Ernst & Young LLP

Panelists

  • Kristi A. Matus, Executive Vice President & Chief Financial Officer – United States Automobile Association
  • Paul Smith, Senior VP, Treasurer and CFO – State Farm Mutual Automobile Insurance Company
9:45 AM–10:30 AM

Key Insurance Industry Drivers & Regulatory Implications

Much of the regulation of insurance carriers takes place on the Federal level. However, states have long established legislation and regulations that likewise greatly affect policy holders. This session will explore some of the key drivers for change in the broader legislative environment such as protecting and educating today’s consumer; internationalization of regulation; the blurring of traditional boundaries between federal and state level; and how to best adapt your organization to these changes. Expert insight will outline current federal efforts including the “Dodd-Frank Act,” “Financial Regulatory Reform,” and other legislative efforts currently under debate.

Speaker
10:30 AM–10:45 AM

Refreshments
10:45 AM–11:30 AM

Life Insurance – Current State of Retirement Income Industry

With an estimated $11.6 trillion assets held by pre-retires ages 50-59 there is a tremendous opportunity following behind the baby boom generation. There are new and evolving financial products and strategies, fluctuating markets, and longevity for providers to examine. Hear from experts on the current state of the industry and strategies to compete for the retirement assets.

Moderator

  • Chris Blunt, EVP Retirement Income Strategy – New York Life Insurance Company

Speakers
10:45 AM–11:30 AM

Property-Casualty – Commercial Lines: The Underwriting Cycle

Property and casualty insurers can expect moderate net premium growth but additional deterioration in underwriting results for 2011. Here we will discuss cycle management, pricing strategies and what lies ahead in 2012 and 2013 for the industry as it pushes towards profitable growth with the economic recovery.

Speaker

  • John Doyle, CEO of Global Commercial Business – CHARTIS
11:30 AM–12:30 PM

Life Insurance – CFO Panel- Emerging from the Economic Downturn

Finance leaders from top insurers share their strategies for guiding their companies through the constant evolving landscape of financial reporting, regulation, and risk management. Learn how they are positioning themselves for future growth.

Moderator

  • Douglas A. French, Managing Principal, Insurance and Actuarial Advisory Services – Ernst & Young LLP

Panelists

  • Richard S. Dziadzio, Senior Executive Vice President & Chief Financial Officer – AXA Equitable Life Insurance Company
  • David O’Malley, EVP and CFO – The Penn Mutual Life Insurance Company
11:30 AM–12:30 AM

Property-Casualty – CFO Panel

CFOs will share their views as they emerge from the financial downturn and look to position their insurance firms for growth. Topics to be discussed include: risk analytics, potential for M&A activity and capitalizing on growing retirement revenue potential.

Moderator

  • Edward Majkowski Jr., Partner, Financial Services – Ernst & Young LLP

Panelist

  • Philip V. Bancroft, Chief Financial Officer – ACE Limited
  • Richard H. Hershman, CPA -Senior Managing Director and Practice Leader – Global Insurance Services Practice, Forensic and Litigation Consulting – FTI Consulting
  • David L. Herzog, Executive Vice President and Chief Financial Offier – AIG