08:00
Registration and coffee
08:50
Welcoming remarks
09:00
Panel discussion: Stengthening Bermuda’s place on the global stage
- What does the 5-10 year global threat landscape hold in store and what are the implications for Bermuda?
- Identifying upcoming competition
- Challenges to overcome
- Remaining competitive within a tighter regulatory regime
- Embracing technology
- Winning the war for talent
- Cost of doing business
- Potential implications for Bermuda from US tariffs
- Bermuda's corporate income tax: Key risk or opportunity to stimulate growth and reinforce Bermuda's position?
- Playing to our strengths - What gives Bermuda its competitive edge and how do we capitalise on it to ensure Bermuda remains the jurisdiction of choice?
- Where are the opportunities to differentiate?
- How does Bermuda position itself to be best in class in the Asset Intensive Reinsurance space?
- How does Bermuda position itself to ensure it is well placed and has the flexibility to capitalise on opportunities outside of core US/European markets
Moderator:
Katie Partington Howarth, Chief Capital Officer, Ariel Re
Panellists:
Anthony Shapella, Group Chief Underwriting Officer, Sirius Point
Jamie Schmerer, SVP, Enterprise Risk, Fortitude Re
John M. Huff, President & CEO, ABIR
Timothy Gasaatura, FSA, MAAA, President & CEO, Oceanview Reinsurance Ltd.
09:50
Panel discussion: Supervisors in conversation
- Key priorities for the year ahead
- How do regulatory approaches to cross border reinsurance compare and contrast
- Overview of regulatory measures aimed at policing the risk of private asset investments
- How are different regulators approaching the insurance affordability crisis?
- Where next for climate risk policy and regulation?
- How does the global regulatory picture influence Bermuda's position?
Moderator:
Chris Cundy, Managing Editor, InsuranceERM
Panellists:
Ricardo Garcia, Managing Director, Bermuda Monetary Authority
Judith L. French, Director, Ohio Department of Insurance
Xavier Solano, Assistant Director, Head of Prudential Regulation, Association of British Insurers
10:35
Delivering an efficient and higher quality private credit strategy
- The available opportunity set of sub-asset classes
- How best to approach portfolio construction
- Effective diversification by credit type, company, risk driver
- Navigating operational challenges
- Applying an insurance lens including optimising return on regulatory capital
Speaker: Gavin Dredge, Insurance Portfolio Manager, Mercer
10:55
Networking break
11:20
Keynote CEO Oceanside chat
Speaker: Chantal Cardinez, Chief Executive Officer, Hannover Re Bermuda
11:45
Panel discussion: Geopolitical risk and global macroeconomic uncertainty - The role of the US going forward as a global dominant player
- Impact of Trump administration's policies on global trade and financial markets
- How might potential geopolitical alliances reformulate?
- Reaction of the market following liberation day announcement – interdependencies and correlations
- What does the future hold for the US$? – will it continue to be a reserve currency?
- Navigating an era of defensive foreign policy – what deregulation, tariffs and shifting policy mean for Bermuda and insurance and risk strategy
- Portfolio positioning and diversification: How are firms navigating and rethinking investment strategies in light of continued volatility
Moderator:
Vincent Huck, Editor, Insurance Asset Risk
Panellists:
Amar Singh, Investment Director, Portfolio Management, Legal and General Re
Guenter Kryszon, Chief Underwriting Officer, US and Bermuda, Markel
Jan Spindler, Chief Risk Officer, Hannover Re (Bermuda) Ltd
12:30
European ABS - A high-quality, defensive, and floating rate alternative to the US ABS market
The European ABS market is flourishing, with consistent growth and now a regulatory tail-wind that could see the return of domestic insurers back into the asset class from as early as 2027. In an uncertain macro environment, European ABS has wider appeal given it's short, floating-rate nature and low-correlation to corporate and gov bonds. Should the Bermudian reinsurance community be capitalising on this 'regulatory arbitrage'?
Speaker: Scott Ellerby, Director, Structured Credit, M&G Investments
12:50
Lunch break
13:50
Panel discussion: Navigating volatility & uncertainty - Strategic risk priorities in a shifting landscape
- Headwinds for the industry – which key risk factors are top of mind?
- How have recent geopolitical events and resulting volatility and uncertainty caused us to revisit and rethink management assumptions?
- Rebuilding frameworks to address interconnected, macro driven risk
- Are traditional risk models still fit for purpose given the interconnected and complex nature of emerging risks?
- How can insurers take a more dynamic qualitative approach to emerging risk management
- Strengthening risk culture and engagement across the organisation
- Prioritizing agility and foresight in risk leadership
- Modernizing operational resiliency frameworks
- Revising resiliency frameworks to address interconnectedness and systemic and vendor risks
- How is the regulator's focus on operational resiliency and recovery planning helping preparedness in the face of disruption?
Moderator:
Vinaya Sharma, Actuary and Managing Director, Quantitative Risk Management
Panellists:
Andrew Pryde, Group Chief Risk Officer, SiriusPoint
Julie McDonald, Bermuda Chief Risk Officer, KKR Insurance
Paolo Fiandesio, Chief Risk Officer, Soteria Re
Sean Voien, Bermuda and Cayman CRO, Head of Insurance, Products and Model Risk, Talcott Financial Group
14:35
Panel discussion: Private credit and its growing importance to the long-term industry
- Drivers behind appetite for more complex and nuanced exposure to private credit? Where are the risks and opportunities?
- How do reinsurers use private credit to improve risk management and value creation?
- Role of private assets in reducing the protection gap
- How can insurers add complexity to their portfolios without impacting taking excessive risk?
- How is evolving regulation impacting the investment decision- making process in relation to private credit assets?
- How can insurers and private credit houses effectively partner to implement these strategies?
Moderator: Vincent Huck, Editor, Insurance Asset Risk
Panellists:
Eric Henderson, SVP, Chief Risk Officer, Athene Bermuda
Matthew Roche, President, Serenova Re
Nirav Dangarwala, Head of Portfolio Management, US, Resolution Life
15:20
Networking break
15:45
Panel discussion: The challenge of insurance affordability and availability - where does Bermuda and the insurance industry have a role to play in bridging the protection gap?
- Is crisis an accurate description and are we heading for an uninsurable world?
- Extreme weather volatility and asset clustering - what re the driving forces that have led to this point?
- Legal, regulatory and inflationary pressures
- Addressing the increase of secondary perils
- Where does the solution lie?
- How can modelling become more relevant and evolve at a quick enough pace to effectively capture the risks from secondary perils?
- What should the role and responsibility of the private sector be vs that of governments?
- What reform and action is being taken by regulators and where are we seeing success?
- Public – private partnerships
- New ways of risk transfer
- Insurer roles in mitigation and education
- Insuring the better risk – educating clients in loss preventative measures
- Next steps
Moderator:
Chris Cundy, Managing Editor, InsuranceERM
Panellists:
Andrew Sooboodoo, Chief Risk Officer, InEvo Re
Andy MacFarlane, Head of Climate, Axa XL
Collin Anderson, Director, Policy & Regulation, Association of Bermuda Insurers and Reinsurers
Seamus Fearon, CEO International Mortgage Group, Arch Capital Group
16:30
Panel discussion: Towards a robust regulatory regime – Navigating new BMA requirements
- Which piece of regulatory change has had the biggest impact on your business?
- Where are insurers on the journey to full CP2 compliance?
- What have been the key challenges and how have insurers responded to the significant increase in regulatory requirements?
- Practically building in Regulatory expectations into BAU
- How do we ensure that the outputs add maximum value to both insurers and supervisors – how are both insurers and supervisors using this new information to best advantage?
- Have the adjustments to the regulatory framework found the right balance between protecting Bermuda's reputation as having a robust regime whilst ensuring Bermuda remains pragmatic and an attractive place to do business?
- To what extent should regulatory practices shift and modify to respond to global developments, changing US and UK policy and competitive markets?
Moderator:
Chris Cundy, Managing Editor, InsuranceERM
Panellists:
Clayton Chuah, Director – Consulting, Deloitte
Sylvia Oliveira, CEO of Wilton Re
William Coatesworth, Deputy Group CRO, Monument Re
Yibo Hu, Chief Risk Officer, Gibraltar Re and Lotus Re
17:10
Closing remarks
17:20
Close of conference and networking drinks