Understanding the Reinsurance Industry (London, United Kingdom - April 25-26, 2018)

  • ID: 4399622
  • Conference
  • Location: London, United Kingdom
  • 2 Days
  • Falconbury Ltd
  • Conference Dates: April 25-26, 2018
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Enhance your knowledge of how reinsurance works, and how your role impacts the business, for those new to, unfamiliar with or have lost touch with aspects of the industry.

In a nutshell reinsurance is best thought of as “insurance for insurance companies,” a way for a primary insurer to protect against unforeseen or extraordinary losses. It serves to limit liability on specific risks, to increase individual insurers’ capacity and to share liability when losses overwhelm the primary insurer’s resources. It also helps insurers stabilize their business in the face of the wide swings in profit and loss margins inherent in the insurance business.

However the industry is much more complex than one statement, professionals working within the industry are tending to specialise in one area and lose touch with the trends and challenges faced by this global business as a whole. Whether you are new to the industry or need to get back in touch with the dynamics of the industry as a whole, then this course is for you.

Why you should attend

The experienced seminar faculty will demystify all aspects of the industry that participants might be new to, unfamiliar with or have lost touch with.

Topics covered include:

Part 1: The building blocks - understand the need for reinsurance and it’s relevance to your role
Part 2: The reinsurance marketing - get-to-grips with the role of the reinsurance market and how it works
Part 3: Legal and regulatory framework - build your knowledge of how the industry is controlled and regulated
Part 4: Practical applications - Demystify the terminology and activities that are specific to the insurance industry

*Please note, events may be cancelled due to commercial or organisational reasons. In this case Research and Markets will refund all registration fees which have already been paid. Research and Markets will not refund any charges arising from the participant having to cancel or re-book transportation or accommodation which he or she has arranged.

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Introduction to the seminar

  • Types of reinsurance – facultative and treaty
  • Types of reinsurance treaties
  • Functions of reinsurance treaties


What is reinsurance? Its purposes and functions

Practical Workshop
Facultative reinsurance


The reinsurance international market

The reinsurance markets and the role of Lloyds

Run-off and commutations

Reinsurance brokerage and the role of the broker


The law of reinsurance – Introduction

The regulation of reinsurance


Reinsurance agreements


Reinsurance claims management

Elements of claims reserving

Underwriting and the role of the underwriters

Dealing with reinsurance disputes

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Phillippa Rowe

Phillippa Rowe, senior partner of independent reinsurance consultants Phillippa Ross & Co., has over 30 years experience of insurance and reinsurance claims in Lloyd’s and the London market and internationally. She began her reinsurance career with 15 years with the Kiln group at Lloyd’s. She currently acts as arbitrator, mediator, expert witness and technical consultant in a wide range of claims, wordings and market practice matters and writes, lectures and provides training courses on similar subjects.

Peter Wedge

Peter Wedge is a legal and claims executive with 30 years broad claims, litigation, and contract drafting experience in the (re)insurance industry. He works at Swiss Re as Global Contracts Knowledge Manager. He previously served as Senior Legal Counsel at Infrassure Limited; Global Head of Claim Solutions with SCOR; and Head of Claims for Alea Limited. Peter is an elected Fellow of the Chartered Insurance Institute and is the author of, inter alia, the Chartered Insurance Institute’s textbook on ‘Claims Management’; ‘Reinsurance Claims Management’ published by Witherbys.

Richard Cook

Richard Cook joined Charles Taylor Insurance Services as Head of Technical Adjusting in July 2013 from Xchanging Claims Services, where he was Head of Reinsurance. He has over 28 years insurance claims experience in the Lloyd’s and London Insurance Company Market; joining Xchanging from a specialist Reinsurance Lloyd’s Managing Agency, where he was the Group Claims Manager. He has served on numerous major London Market claims committees and has appeared as a Fact Witness in coverage litigation before various United States Federal and State Courts. He has acted as an Expert Witness on London Market Claims Practice in the United States Federal Court in New York and in the High Court in London.

Ed Stanley

Ed Stanley is a partner in Elborne Mitchell LLP. He has a broad based expertise in civil litigation but it is in the areas of insurance and reinsurance dispute resolution that he is probably best known. In recent times, he acted in IRB v CX Re (2010), concerning the ‘double proviso’ follow settlements clause in excess of loss reinsurance, and AXL Resources Ltd v Antares (2011), concerning a ‘mysterious disappearance’ exclusion in a Lloyd’s marine cargo policy. He acts on a number of matters involving the insurance aspects of film and TV productions. Ed is a regular speaker at insurance market events and contributor to market publications.

Carrie Radford

Carrie Radford is a Managing Associate at Ince & Co with 10 years’ post qualification experience. Carrie specialises in insurance, with a growing marine insurance practice, as well as handling mainly contentious insurance matters across other classes including political risk and trade credit, professional liability, property damage and business interruption. Carrie has experience of handling High Court litigation and appeals, London arbitrations and mediations, in a wide variety of disputes. Carrie has presented on and advised clients, both insurers and corporate insureds (and their captives), in relation to the implications for their businesses of the Insurance Act 2015. She has spent significant time on secondment to clients of Ince & Co, including to a major London broker and, last year, qualified as an Associate Member of the Association of Average Adjusters. She is also a founding member of the British Insurance Law Association Under 35’s Committee.

David Brackenbury

David Brackenbury has been working in the Lloyd’s Market since 1980. A Broker for 26 years, in 2006, David set up David Brackenbury Associates, a consultancy that brings experts in loss adjusting, forensic accounting, audit, compliance and investigative services from around the world to the Lloyd’s, London and European insurance marketplace. David is a Board Member of the Association of Insurance and Reinsurance Service Providers (AIRSP) and is a Practicing Associate of the Academy of Experts. David has been involved throughout his career with the negotiation and settlement of losses in the Lloyd’s, London and international insurance and reinsurance markets.

Nicholas Berry

Nicholas Berry is a Partner in the corporate and regulatory insurance team at Norton Rose Fulbright. He specialises in advising on corporate and regulatory issues for clients in the global insurance sector. His experience includes mergers and acquisitions, insurance linked securities, reinsurance, capital raising, restructurings, portfolio transfers and joint ventures, including in the Lloyd’s and life insurance sectors. Nicholas is a regular contributor to publications such as Insurance Day, on topics such as the disruptive effect of FinTech on the insurance market and the UK government’s proposals to make London a global ILS centre. Nicholas acts for clients such as: Prudential plc (where he has also spent six months on secondment), AXA, QBE, Friends Life, HSBC, Aquiline Capital Partners and AIG.

Andrew Bandurka

Andrew Bandurka is a Partner at Holman Fenwick Willan. He has a wealth of experience in handling reinsurance matters and he has been advising the run-off industry for 30 years. He led the successful teams in the leading ‘market’ cases to reach the appellate Courts, including the Kuwait invasion aggregation case (Scott v Copenhagen Re), the Exxon Valdez follow settlements case (King v Brandywine) and the 9/11 Twin Towers aggregation case (Heraldglen v AIOI). His other reported reinsurance cases include Home v Wurtembergische (reinsurance pool run-off) and Hassneh v Pan Atlantic (arbitrator qualifications). He is an ARIAS approved arbitrator and an accredited mediator.

James Troughton

James Troughton is Divisional Director, Non Marine Specialty, at Willis Re London. He joined the reinsurance industry in 2002 where he started work at Aon and then Execution Noble, later Espirito Santo Investment Bank prior to joining Willis Re in 2011. James’s primary focus is Sales and Product Placement within the Willis Re Industry Loss Warranty and Property Catastrophe Retrocession portfolios.

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  • Reinsurance company employees
  • Reinsurance broker company employees
  • Insurance company professionals
  • Lawyers in private practice
  • Regulators
  • Those who have recently joined the reinsurance industry
  • Suppliers to industry including software, recruitment and accountancy
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The Rembrandt Hotel
11 Thurloe Place
United Kingdom


Opposite V&A Museum.
Nearest underground station: South Kensington.

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