Meeting Information

Monday

2:00-3:00 PM

Program Administrator Town Hall: PA/Carrier Contracts – Protecting Your Future
Moderator: Greg Thompson, PA Consultant 
Rekha Skantharaja, Tangram
Dan Beaudette, NFP
Martin Ween, Wilson Elser

As the insurance industry changes with new capacity and technology, and as PA valuations continue to soar, the risks and rewards contained in contract language have risen for both Program Administrators and Carriers. This workshop will explore the critical elements of these contracts from both the PA and Carrier perspectives, and factor in evolving changes in these legal documents. The fast-growing area of fronting carriers and the resulting impact on PA contractual exposure to risk will also be touched upon.

Attendees should expect to gain valuable insight into identifying critical issues where both sides might reach an impasse, and alternative approaches that are more likely to satisfy both parties.

Key topics will include, but not be limited to:

• Ownership of Information
• Expirations
• Claims Data
• Rates/Forms
• Hold Harmless/Indemnification
• Exclusivity
• Compensation
• Termination/Suspension
• Financial Guarantees to Carrier
• Run-Off Provisions

Administrators and Carriers are encouraged to bring their questions and experiences to share and discuss.

4:00-5:00 PM

INDUSTRY SPEAKER: J. Powell Brown, President & CEO, Brown & Brown, Inc.

State of the P&C Industry and the Future of Distribution

TUESday

8:30 AM

GENERAL SESSION with Keynote Speaker, Bill Belichick

Lessons Learned Developing a Culture and Legacy of Success

10:30 AM

Lloyd's Open House

• Opening remarks by Nigel Roberts, Head of Distribution for AEGIS London and Chair of the Lloyd’s Market Association, Delegated Authority Committee
• Representatives from 8 Lloyd’s Syndicates
• Market finding assistance for all types of programs including small and start up programs
• Information about Lloyd's, the London Marketplace, and becoming a coverholder

11:45 AM-1:30 PM

Women's Networking Lunch  [This email address is being protected from spambots. You need JavaScript enabled to view it.]

Preparing Future Leaders

Join the Women's Networking Group for lunch and hear from three experienced panelists as they share the secrets to success of women leaders. These leaders will lower the ladder to rising stars as they inquire about techniques for achieving career goals, self-promotion, mentorship, bridging the gap, and steps to address DE&I during an interview.

2:00 PM 

Assessing Financial Strength of Fronting Companies & Reinsurers
David Paul, ALIRT Research
Pete Chandler, BMS Re US

Over the past several years, as P&C insurance rates began to rise and legacy insurers became more selective about their program activity, the fronting model has gained in popularity. ALIRT notes that eight new U.S. insurers have entered the fronting market over the past five years, with a number established over just the past year and a half.

Given the potential attractiveness of the fronting model to program administrators seeking to establish more “sticky” insurance partners as well as to access alternative pools of capital that can lie behind the fronting carriers (reinsurance and alternative), ALIRT is offering to present on this topic.

The presentation will address the following topics:

• Types of fronting carriers (i.e., full-time fronts, partial fronts)
• List of active fronting insurers and ownership
• Ratings profile
• Line of business (LOB) concentration
• Percentages of business retention, if noted (i.e. “skin in the game”)
• Credit oversight of reinsurance partners
• Use of collateral (for offshore and/or unrated reinsurance partners)
• Other financial oversight issues particular to the program market
• Current ALIRT profiles of the major program insurers.

4:00 PM 

Innovative Leadership Panel
Moderator: Susan Allen, TMPAA
Kris Hill, QBE
Rekha Skantharaja, Tangram
Dawn D’Onofrio, WKFC Underwriting Managers

The Program industry continues to morph; accelerated by post-pandemic shifts in organizational culture, macro-economic impacts and social influences that continually effect and necessitate the evolution of strategic leadership. The innovative leadership panel will explore and inspire powerful business approaches to empower future success for your company.

Attendees should expect to gain innovative insight and alternative approaches on key topics which will include, but not be limited to:

• The need for vision & setting a destination
• Scaling your business through trusted partnership
• Structuring a successful board
• Fostering a culture of collaboration
• Creative negotiation
• Attracting & retaining talent

Presented by the Women’s Networking Group

WEDNEsday

8:30 AM

GENERAL SESSION

Adopting A.I. to Maximize and Humanize Your Business
Moderator: Brian Cohen, Arden Insurance Services
Heather Wentworth, Accelerant

Learn how Program Administrators can successfully implement artificial intelligence and machine learning tools to optimize their business without breaking the bank and using too many resources.

The session will cover:

• What is AI/ML - getting beyond the hype and how it can improve your operation
• How do you identify opportunities to use AI/ML?
• How long will it take to implement and evaluate an AI/ML application?
• How do you find the right resources to work with?
• Q&A 
  
  

1:00 PM

Lloyd's Mini Boot Camp [This email address is being protected from spambots. You need JavaScript enabled to view it.]

The Lloyd’s Coverholder Boot Camp is a two hour program for Coverholders who want to gain a better understanding of Lloyd's expertise and market capacity, and program administrators interested in becoming a Lloyd's Coverholder.

This interactive session will cover:

• How the Lloyd’s Market Works
• Role of the Lloyd’s Broker
• Lloyd’s Underwriter/Coverholder panel discussion
• New Appetites and Capacity
• The role of the Lloyd’s Market Association
• Claims at Lloyd’s
• Q&A Session