The Harvard Club of Boston once again served as our host facility for MReBA’s seventh annual symposium, Reshaping Reinsurance. Over eighty attendees engaged our panelists and presenters in a day-long discussion about the forces shaping and reshaping the industry. As in years past, this issue of our newsletter highlights some of the content of our Symposium.
The day opened with a keynote address by Dr. John Seo, who discussed how alternative capital is influencing the allocation of risk, particularly with respect to catastrophe exposures. I wish to thank Kristin Heres for her lively recap. Jim Harrington has contributed an article that reviews some of the points made during an insightful primer on how alternative capital structures are designed and how they fit into risk-management portfolios. Rounding out our discussion of alternative capital, Jessica Park summarizes a panel discussion that explored how alternative capital is influencing cedents, reinsurers, and investors’ expectations.
We then shifted our focus to how cyber risks are proliferating and being managed, and how caselaw is evolving with respect to data breaches and associated coverage questions. Erin Staab deserves thanks for her overview of a panel discussion on that topic. Rebecca Zeidel then captures a sense of the wide-ranging discussion in our workshop, which examined how a data breach could be analyzed and addressed by a captive insurer and its reinsurers. Anne-Marie Regan rounds out our issue with some insights on the use of mediation as an alternative to arbitration to resolve complex reinsurance disputes, which was discussed by our final presentation of the day.
The program looked at individual threads that together are helping to shape the reinsurance products and dispute-resolution approaches of tomorrow. On behalf of the entire symposium committee, I want to express my thanks to each of the panelists and presenters for the time and energy that they put into crafting their remarks and traveling to deliver them, and to the article authors for helping to bring some of what we discussed that day to a wider audience. I also want to thank our supporting partners who made the day run so smoothly. I hope that the articles that follow capture some of the spirit of our discussion, and serve as a starting point for further discussion.
I look forward to seeing you at the next Symposium.
Mr. Henlin was the chair of the Massachusetts Reinsurance Bar Association’s Seventh Annual Symposium. He is a partner in the Boston office of Lewis Brisbois Bisgaard & Smith LLP. He may be reached at firstname.lastname@example.org.
© 2016 Lewis Brisbois Bisgaard & Smith LLP. All rights reserved.
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