13th Annual Half-Day Insurance and Reinsurance Seminar
June 5, 2014
8:30 am – 1:30 pm
Edwards Wildman Palmer LLP
750 Lexington Avenue, 8th Floor
New York, NY 10022
Program:
Registration 8:30 am
Program 8:45 am
Lunch 12:30 pm
Antitrust: Application to Insurance Company Mergers and Acquisitions
Insurance companies enjoy no exemption from the antitrust laws governing mergers and acquisitions. We will discuss the particular issues that insurance company transactions raise under the rules for premerger filings with antitrust agencies and will identify circumstances where the enforcement agencies might seek to challenge an insurance transaction. We also will discuss applicable state law provisions.
Anti-Money Laundering and the Office of Foreign Asset Control: Recent Developments with U.S. Sanctions and AML/OFAC Compliance for Insurance Companies
Insurance and reinsurance companies are faced with a fast paced and fluid environment where regulatory agencies are imposing strict rules and leveling harsh penalties for failure to comply with OFAC and AML requirements. This panel will review OFAC sanctions of most concern to the insurance industry and review recent developments relating to the Ukraine and Iran and what to do when OFAC or your state regulator calls.
Insurance Linked Securities: Structures and Market Update
By Aileen C. Meehan and Albert J. Pinzon
Discussion of various structures used in ILS transactions as well as developments in the ILS market YTD 2014.
Cyber Risks: An Ever-Evolving Landscape
By Theodore P. Augustinos
In the ever expanding world of cyber risks, new threats continue to create more potent risks for businesses and greater challenges for those active in the cyber insurance market. In this briefing, members of Edwards Wildman’s Privacy and Data Protection Group will provide an update on recent developments concerning the claims and exposures generated by the latest cyber and data risks; identify the cost drivers in data incident response; and discuss the challenges and opportunities facing the industry.
First-Party Property: Catastrophe Claims in the New Regulatory Environment
Property insurers have long had to contend with “cats” – high-magnitude, catastrophic losses occasioned by a single devastating event. Over the years, industry practices have developed to address and resolve claims resulting from hurricanes, earthquakes, and even terror-related losses. But in the wake of Superstorm Sandy, the industry saw US regulators impose stringent new guidelines and standards regarding the handling of claims and administrative-related matters. This program will address: (1) recent US regulatory actions with respect to specific cat claims; (2) the issues insurers should expect to encounter the next time a disaster strikes, such as a major earthquake in California; and (3) practical steps that claims and underwriting personnel can take in response to this new regulatory guidance.
CLE:
This course may be used for 3.5 CLE credit hours. Edwards Wildman Palmer is an accredited provider of continuing legal education in the State of New York.
To RSVP: Click Here
There is no charge for attendance at this seminar. Lunch will be served. Space is limited.
