Program | Insurance Risk Management Forum

7:30 AM - 4:00 PM

Registration

7:00 AM - 8:00 AM

Time Allotted to Meet with Corporate Partners
We know how important it is to have one-on-one meetings with your underwriters and brokers. We have allotted time for individual meetings.

7:30 AM - 8:00 AM

Continental Breakfast

8:00 AM - 9:00 AM

Opening Welcome Keynote

Quantum Computing: Risks and Opportunities

This session will provide an overview of Quantum Computing, exploring the latest advancements and understanding its significance in our rapidly evolving world. We’ll also learn about the risks and opportunities that banks should consider when using this rapidly emerging technology.

• John Bremen, Chief Strategy, Innovation & Acceleration Officer, WTW

9:00 AM - 9:30 AM

Regulatory Outlook

State of the Market/World

How will the regulatory landscape impact insurance risk managers? Don’t miss your chance to explore anticipated regulations and their impacts on your insurance risk management strategy.

• Rob Nichols, President and CEO, American Bankers Association

9:30 AM - 10:00 AM

General Session

Woodward on Washington: An Economic, Policy and Political Outlook

Will legislation recently passed by Congress, such as the Inflation Reduction Act and the CHIPS and Science Act, bring relief to consumers and businesses? Joan Woodward, executive vice president of public policy at Travelers, will share her economic, public policy and political outlook in this data-driven analytical presentation. She will also discuss the most pressing challenges facing United States Congress and the Biden Administration in 2024. As founder and president of The Travelers Institute, she will also preview the Institute’s 2024 initiatives.

• Joan Woodward, President, Travelers Institute, Executive Vice President, Public Policy, The Travelers Companies, Inc. 

10:00 AM - 10:15 AM

Break

10:15 AM - 11:15 AM

General Session

The Good, the Bad and the Ugly: Use of Generative AI - Innovation and Risk 

While AI has made banks more efficient and improved the customer experience, generative AI still presents many unknowns. Learn about the security implications, risks and challenges around this emerging tech. Jen Easterly, director of the Cybersecurity and Infrastructure Security Agency, called popular AI tools like ChatGPT “the biggest issue that we’re going to deal with this century” because of the many ways that AI can be used by cybercriminals and nation states.

• Kelly S. Geary, Esq., CIPP/US, ACP, CCP, Managing Principal, National Practice Leader Professional, Executive and Cyber Solutions, Insurance Capital Solutions (ICS) Group
• Gregg Davis, Principal, Strategic Technical Consulting Leader, Executive Cyber Risk, EPIC
• Michael Clark, Head of Advisory, S-RM
• Kevin Szczepanski, Esq., Partner, Barclay Damon

11:15 AM - 12:00 PM

General Session

The Role of Insurance in Bank Failures: 2023 Lessons Learned

Last year saw some surprising, and unanticipated, failures of previously stable and reputable financial institutions. Our partners at the Financial Institutions Insurance Council will discuss the insurance impacts of capital insolvencies, including D&O coverage, surety coverage, deposit insurance, impacts on subsidiaries and claims associated with additional protection products. 

• Clay M. Dean, CEO, First Mid Insurance Group, Inc., EVP, First Mid Bancshares, Inc.
• Robert J Mittel, Co-Founder & Managing Director, Financial Institution Insurance Council
• Moderator: Rudy Painter, Vice President, Countybanc Insurance

12:00 PM - 2:00 PM

Lunch on Your Own: Time Allotted to Meet with Corporate Partners
We know how important it is for you to be able to have one-on-one meetings with your underwriters and brokers. We have allotted these designated times for individual meetings.

2:00 PM - 2:50 PM

Learning Lab

Open Banking: Legal and Regulatory Considerations

This session provides background on open banking, including legal and regulatory implications that come with the platform and for service providers. It also will explain open banking’s potential impact on financial lines insurance programs.

• Alison MacLaren, Institutions Product Leader, Zurich
• Heather Kane, Broking Leader, Financial Institutions & Professional Services Industry Division, WTW
• Chris Brennan, Partner, Reed Smith
• Moderator: Karen Meck, Senior Vice President, Director Corporate Insurance, Corporate Services, Santander Bank

2:50 PM - 3:00 PM

Break

3:00 PM - 3:45 PM

Learning Lab

Increasing Litigation of Cyber Policy Provisions

For years, there has been very little litigation involving cyber insurance policies, despite the large amount of claim activity. We have recently seen several cases reach decisions involving terms and conditions from cyber policies. This panel tackles several of these cases, the policy language driving these disputes, and key takeaways for future claims.

• Daniel J. Healy, Partner, Brown Rudnick
• Dan Standish, Partner, Wiley Rein
• Moderator: Karen Meck, Senior Vice President, Director Corporate Insurance, Corporate Services, Santander Bank

3:45 PM - 5:00 PM

Time Allotted to Meet with Corporate Partners
We know how important it is to have one-on-one meetings with your underwriters and brokers. We have allotted time for individual meetings.

5:00 PM - 6:30 PM

Canopy Street Fair
Sponsored by AON, EPIC, Marsh, NFP, Gallagher and WTW
(All are welcome)

You won’t want to miss this event sponsored by AON, EPIC, Marsh, NFP, Gallagher and WTW. Relax near the southern live oak trees in Canopy Park as you get swept up by the best southern hospitality around. You’ll be greeted by tasty BBQ classics with modern twists and a DJ who, as rumor has it, could be spinning from a Jeep Wrangler. To boot, the interactive stations will stick with you long after you leave.

7:30 AM - 4:00 PM

Registration

7:00 AM - 8:00 AM

Time Allotted to Meet with Corporate Partners
We know how important it is for you to be able to have one-on-one meetings with your underwriters and brokers. We have allotted these designated times for individual meetings.

7:30 AM - 8:00 AM

Continental Breakfast

8:00 AM - 8:50 AM

General Session

Fraud and Cyber Risks – Looking Back, Looking Ahead

ABA Executive Vice President Paul Benda will review the past year’s biggest fraud and cybersecurity challenges — from the check fraud tsunami to crypto investment scams to the rise of generative AI. Find out what this year could hold — understand how AI could power convincing “deepfakes” to enable more fraud, advances in quantum computing, plus industry efforts to fight fraud and combat bank impersonation scams.

• Paul Benda, Executive Vice President, Risk, Fraud and Cybersecurity, American Bankers Association

8:50 AM - 9:00 AM

Break

9:00 AM - 10:00 AM

General Session

Navigating the Emerging Regulatory and Compliance Landscape 

With the new SEC regulations on cyber and ESG, plus movement by NY DFS, OCC and other regulatory bodies, the regulatory and accompanying D&O landscape has never been more challenging. The regulatory “risks” are only compounded by the velocity of emerging risks facing financial institutions today. This session is arranged in four unique but related risk perspectives: 1) regulatory; 2) operational; 3) threat landscape; and 4) risk financing.

• Reid Sawyer, Managing Director, Emerging Risks Group and US Cyber Consulting Leader, Marsh
• Corrine Burger, Chief Control Officer, JPMC
• Moderator: Kristy Harris, Corporate Insurance Services — Head, JPMorgan Chase Bank

10:00 AM - 10:50 AM

General Session

Financial Lines Market Discussion 

This session will cover the secular trends impacting the financial lines insurance markets (D&O, fiduciary, EPL, fidelity) for banks including ESG, climate, digital strategy, M&A, and executive compensation along with the current cyclical trends impacting mid-sized and regional banks in the wake of recent bank failures.

• Tim Fletcher, Head of FSG US, AON
• Robbyn Reichman, Global Specialty Claims Officer, AON
• Macy Steers, Vice President, Underwriting – Financial Institutions and Transactional Liability, CNA
• Moderator: Andrew Weisman, Managing Director, Risk & Insurance Management, Morgan Stanley 

10:50 AM - 11:00 AM

Break

11:00 AM - 12:00 PM

General Session

Social Engineering and Transfer Fraud

Social engineering and other forms of fraudulent transfer continue to evolve, forcing banks to regularly test and review controls and procedures. Otherwise, a bank could be at risk of reputational harm or financial loss if there is a weakness in its controls or procedures.

Panelists describe: 1) Social engineering and fraudulent transfer, 2) Insurance coverages that address social engineering and fraudulent transfer, 3) Social engineering and fraudulent transfer claim examples, 4) Underwriting to social engineering and fraudulent transfer.

• Jessica Cafarelli, Head of First Party Products, North America Financial Lines, AIG
• Matt B. Klein, National Fidelity Product Lead, Lockton Companies
• Moderator: Bruce Plummer, Senior Vice President, Northern Trust

12:00 PM - 2:00 PM

Lunch On Your Own: Time Allotted to Meet with Corporate Partners
We know how important it is for you to be able to have one-on-one meetings with your underwriters and brokers. We have allotted these designated times for individual meetings.

2:00 PM - 2:50 PM

Learning Lab

Deepfake Live: A Demonstration of Video Manipulation Through Deepfake Technology

Deepfake AI involves manipulating facial appearances to generate images, audio clips and videos that seem convincing — but are hoaxes. With bad actors using deepfake technology to conduct financial crimes, influence political elections, launch misinformation campaigns and cause reputational harm for people and organizations, it’s a serious threat that you need to understand. In this session, you’ll watch how real, pre-recorded video footage gets altered into synthetic media. You’ll get a front-row seat to the frightening evolution of social engineering through deepfake tech, and you’ll gain actionable takeaways for the cyber insurance underwriting community to prepare for potential future deepfake claims. 

• John Farley, Cyber Practice Managing Director, Gallagher
• Hart Brown, CEO, Future Point of View

2:50 PM - 3:00 PM

Break

3:00 PM - 4:00 PM

General Session

Corporate Partners Leadership Panel

Join us in discussing critical issues regarding insurance for financial institutions in a fun and informative format! Senior leaders from our corporate sponsor partners will discuss cutting-edge insurance issues.

• Justin Gilmore, Head of Financial Institutions, North America Financial Lines, AIG
• Kelly S. Geary, Esq., CIPP/US, ACP, CCP, Managing Principal, National Practice Leader Professional, Executive and Cyber Solutions, Insurance Capital Solutions (ICS) Group
• Eileen G. Yuen, Managing Director, National Practice Leader - Financial Institutions, Gallagher
• Alex Muralles, Head of Financial Institutions, Zurich
• Daniel J. Healy, Partner, Brown Rudnick
• Lauren Kim, Managing Director, NFP — Financial Institutions Group
• Bill Passannante, Shareholder, Anderson Kill
• Anna Digel, Senior Vice President, Team Lead, AON
• Carmela Inneo, Senior Director, WTW
• Tracey Santor, Assistant Vice President for Travelers Bond & Specialty Insurance, Financial Institution Department, Travelers
• Ben Zviti, Managing Director, Financial Institutions Cyber Crime Practice Leader, Marsh
• David Harris, Senior Vice President, Financial Institutions, North America Financial Lines, Chubb
• Moderator: Larry Goanos, Executive Vice President, Amwins

4:00 PM - 4:30 PM

Cocktails and Conversations
Sponsored by CAC Specialty

4:30 PM - 9:00 PM

Time Allotted to Meet with Corporate Partners
We know how important it is for you to be able to have one-on-one meetings with your underwriters and brokers. We have allotted these designated times for individual meetings.

9:00 PM - 10:00 PM

Late Night Bermuda Markets Bonfire on the Beach
(All are welcome)

Kick off your shoes and join us for the ultimate beach party. After a busy day of networking and sessions, unwind over bonfires and s’mores on the beach. Because it’s still January, the Late Night Bermuda Markets event will keep you warm with cozy seating, blankets and a fire as you dig your toes into the sand. This unique beach experience will be the perfect ending to your night — and did we mention an adult coffee and hot chocolate bar?

7:30 AM - 11:00 AM

Registration

7:30 AM - 8:30 AM

Continental Breakfast

8:30 AM - 9:15 AM

General Session

Crisis Management: Do You Have a Seat at the Table?

Companies increasingly find themselves targets of aggressive legal action, negative media coverage and elevated social pressure. To maintain the company’s brand and reputation, risk managers and business professionals must anticipate these threats and be prepared to execute crisis management strategies. This session will dive into strategies that resonate with internal and external stakeholders, minimize negative financial impacts and preserve the firm’s short-term and long-term reputation.

• Patrick O’Neill, Senior Vice President, NFP – Financial Institutions Group
• Alex Islamov, Director, Cybersecurity Strategy and GRC, MorganFranklin Consulting, Cybersecurity  
• Moderator: Bruce Plummer, Senior Vice President, Northern Trust

9:15 AM - 10:00 AM

General Session

Risk Managers Panel

How is the risk manager’s role evolving now and for the future? A panel of risk managers will share their unique perspectives, giving you a tremendous opportunity to listen, learn and participate.

• Kristy Harris, Corporate Insurance Services — Head, JPMorgan Chase Bank
• Aaron Seiter, ARM, Senior Vice President, Corporate Insurance Executive, The PNC Financial Services Group, Inc.
• Karen Meck, Senior Vice President, Director Corporate Insurance, Corporate Services, Santander Bank
• Moderator: Julia Ferreira, Head of Corporate Insurance, BNYM

10:00 AM - 10:15 AM

Break

10:15 AM - 11:00 AM

General Session

Captives’ Role in Modern Risk Management Programs 

As business and risk management processes advance, insurance captives have proven to be a nimble solution that can evolve with an organization. In this panel, a captive industry leader moderates as several captive owners discuss how they incorporate captives into the core of their risk management strategies.

• Aaron Seiter, ARM, Senior Vice President, Corporate Insurance Executive, The PNC Financial Services Group, Inc.
• Christopher Gutgesell, Executive Director — Corporate Insurance, JPMorgan Chase; President, Park Assurance 
• Moderator: Julie Patel, Senior Vice President, Central Zone Captive Sales and Consulting Leader, Marsh

11:00 AM - 11:45 AM

General Session

Demystifying Parametric Insurance

This session will unravel the complexities of parametric insurance, shedding light on its intricacies and explaining the jargon associated with this innovative risk management solution. Through a clear and concise exploration, the audience will glean insights into how parametric insurance works, its benefits and its applications in navigating uncertainties. The aim is to empower risk managers with a comprehensive understanding of parametric insurance, fostering informed decision-making. 

• Pete Rapciewicz, Executive Vice President, Alternative Risk Practice Leader, Lockton
• Stéphane Godier, Business Development Leader Americas, AXA XL
• Moderator: Aaron Seiter, ARM, Senior Vice President, Corporate Insurance Executive, The PNC Financial Services Group, Inc.

11:45 AM - 12:00 PM

Chair's Closing Remarks

12:00 PM - 2:00 PM

Peer Exchange Luncheon