Demystifying Reinsurance CPCU Society by alicejenny


									     Re Basics
      Demystifying Reinsurance: A Basics of Property/Casualty
      Reinsurance Course, May 12-14, 2003, Drake Hotel, Chicago, IL
      Conducted by the Reinsurance Association of America (RAA)
      and the Kelley Insurance Center at Drake University

                                      Demystifying Reinsurance
   A Basics of Property/Casualty Reinsurance Course conducted by the Reinsurance Association of
   America (RAA) and Kelley Insurance Center at Drake University.
                                                       Date: May 12-14, 2003

                                                       Location: The Drake Hotel, 140 E. Walton
                                                       Place, Chicago, IL.
                                                       Program: The program provides a thorough
                                                       grounding in the history, structure and purpose of
“The RAA has harvested the talents, ideas and skills   reinsurance. Attendees are guided through all
of the major players in the reinsurance community.     steps of understanding the reinsurance transac-
Rarely will your staff have the opportunity to be      tion and its impact on the bottom line of an insur-
trained by so many high-caliber global reinsurance     ance company. The program covers property/ca-

professionals.”                                        sualty reinsurance.
         Joseph P. Brandon                             Audience: The program is targeted to junior and
         Vice Chair and CEO, GeneralCologne Re         mid-level buyers and sellers of property/casualty
                                                       reinsurance and the financial marketplace
                                                       including banks, securities firms and regulators.

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       Demystifying Reinsurance                           Praise from participants:
                                                          “Very well done! Excellent presenters.” Eugenia Chaplin, XL Re
             A Basics of Reinsurance Course               “I am pleased to have been able to participate in RAA’s rein-
                       May 12-14, 2003                     surance seminar. Hearing seasoned reinsurance profession-
   A Basics of Reinsurance Course conducted by             als explain the many issues faced by reinsurers and cedents
   the Reinsurance Association of America (RAA) and        through first-hand experience was very effective. I recom-
   the Kelley Insurance Center at Drake University         mend this course to anyone interested in an in-depth over-
   providing a thorough, quality introduction to all       view of the industry.” Mike Jarecki, Applied Insurance Re-
   aspects of Property/Casualty Reinsurance.               search
                                                          “Exceptional conference – perfect for my needs.” Reesa
   Learning Objectives: Attendees will:                   Brown, Idaho Dept. of Insurance
   •    Learn the differences and similarities between    “Excellent program. One of the best run seminars I have at-
        insurance and reinsurance;                         tended – materials provided will be very useful, speakers
                                                           were very good, and breaks were appropriately timed.” Ana
   •    Identify the purposes of reinsurance and its       Perich, Fedota Childers & May
        impact on the financials of an insurance
                                                          “World-class faculty! Great program!!” Mike Stinziano,
        company;                                           Benfield Blanch
   •    Identify and discuss the types of reinsurance
                                                                           CONTINUING EDUCATION
                                                          Attendees at the 2002 ReBasics seminar were awarded 18
   •    Understand the structure of sample reinsur-       CPE credits. The RAA is registered with the National Asso-
                                                          ciation of State Boards of Accountancy (NASBA) as a sponsor
        ance programs;                                    of continuing professional education on the National Regis-
                                                          try of CPE Sponsors, and is a licensed sponsor with the NY
   •    Identify how reinsurance is marketed and the      State Board of Public Accountancy.
        reasons behind the various methods;               CPCU CPD CREDITS: CPCU’s attending the 2002 ReBasics
                                                          seminar were awarded 15 CPD points.
   •    Discuss concerns of the marketplace;
                                                          CONTINUING LEGAL EDUCATION: Attorney attendees of
   •    Learn the ins and outs of risk transfer;          the 2002 ReBasics seminar received up to 18 CLE credits.
                                                          Number of CLE credits vary by state. Application forms will
   •    Discuss key annual statement schedules;           be filed with individual states as requested by attorney
   •    Learn the differences between SAP and
        GAAP accounting;

   •    Analyze reinsurance programs;
   •    Identify regulatory concepts;                           “The RAA’s educational programs were
   •    Discuss current trends in the industry.                 specifically designed to meet the needs of
                                                                today’s buyers and sellers of reinsurance. Guy
   The Reinsurance Association of America (RAA) has             Carpenter helped design the program and we
   more than 30 years of experience providing
   unparalleled expertise and resources for high-level
                                                                support it 100%.”

   forums and educational conferences. The Kelley               Salvatore D. Zaffino
   Insurance Center at Drake University has been                Chairman and CEO, Guy Carpenter & Co.
   providing quality education programs for insurance
   regulators and members of the insurance industry for
   more than 25 years.

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                Demystifying Reinsurance                       5:00 p.m. Panel Discussion
                                                               5:45 p.m. Adjournment
                     Monday, May 12, 2003
                                                               6:00 p.m. Reception
  12:00 p.m. Registration                                                        Wednesday, May 14, 2003
   1:00 p.m. Welcome/Introduction                              8:00 a.m. Continental Breakfast
   1:15 p.m. Overview of Property/Casualty Reinsurance         8:30 a.m. Reinsurance from a SAP Perspective
               • History and Introduction of Basic Concepts                • Schedule F
               • Purpose of Reinsurance                                    • Tracking Transactions through the Annual
               • Types and Structure of Reinsurance                           Statement
               • Markets
                                                              10:15 a.m. Financial Reinsurance
   3:15 p.m. Introduction to Life Reinsurance                            • Purpose     • Marketplace           • Risk Transfer
                • Basic Concepts of Reinsurance
                • Market Characteristics                      11:45 a.m. Impact of Reinsurance on Financial Statements
                • Comparison with P & C Reinsurance                        • Balance Sheet/Income Statement Impact
                • Assumption Reinsurance                                   • Reinsurance
                                                                                • Quota Share
   4:30 p.m. Panel Discussion - Current Issues and Trends                       • Excess Loss
             in the Industry                                                    • Retroactive
                 • Terrorism         • Globalization                       • Non Reinsurance
                 • Collateralization • Securitization
                                                                                • Deposit Accounting
                 • Consolidation
                                                                           • Case Study
   5:45 p.m. Adjournment
                                                               1:15 p.m. Wrap up and Adjournment
   6:00 p.m. Reception
                     Tuesday, May 13, 2003                                         Speakers and Panelists
   8:30 a.m. Continental Breakfast                            James Anastasio, Senior Consultant, Chiltington International, Inc.
   9:00 a.m. Understanding P/C Reinsurance Agreements         Kathleen M. Carroll, Senior Vice President, Guy Carpenter & Co., Inc.
               • Treaty Wordings - Proportional and           Marsha A. Cohen, Senior Vice President & Director of
                  Non-Proportional Covers                     Education, Reinsurance Association of America
               • Critical Elements                            Gerald F. Fisher, Senior Vice President, Swiss Re Financial
               • Standard Clauses and Exclusions              Services Corporation
  12:00 p.m. Lunch                                            Robert D. Graham, Senior Vice President & Assistant General
                                                              Counsel, GeneralCologne Re
   1:00 p.m. Structuring a Reinsurance Program
                • Develop sample reinsurance programs         Denis W. Loring, Exec. Vice President, RGA Financial Group
                • Quota Share                                 Frank J. Maffa, Vice President, Financial Services, American
                • Excess                                      Re-Insurance Company
                                                              Elisabeth J. Spoerl, Director, Kelley Insurance Center, Drake
   2:45 p.m. Contract Mania (An Interactive Team Exercise)
   4:00 p.m. Reinsurance Regulation and Solvency              Peter C. Thomas, Executive Vice President, PMA Re
               • Credit for Reinsurance
                                                              Maxine H. Verne, Vice President & Associate General Counsel,
               • Reinsurance Intermediary
                                                              SCOR Reinsurance Company
               • Disclosure of Material Transactions

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                      REGISTRATION FORM

            R EGISTER   EARLY   - 2002   PROGRAM WAS SOLD OUT !
                      Demystifying Reinsurance
               Drake Hotel, Chicago, IL, May 12-14, 2003
  Mr. / Ms. (Name) ____________________________________
                                                                                           “I run a small insurance company which
                                                                                           relies heavily on reinsurance treaties. This
  Nickname for Badge _________________________________                                     program has given me some practical tools
  Organization _______________________________________                                     to help improve how we make key decisions.
  Street ____________________________________________                                      Keep the focus on education. You are doing a

                                                                                           great service for our industry.”
  City _________________ State/Country __________ Zip ____
  Phone       ____________________ Fax _________________                                                    Hank Hubbard
                                                                                                            New America Insurance
  E-mail:     ___________________________________________
  For which professions and what jurisdiction are you seeking
  continuing education credits: _________________________
  Enclosed is payment for:
  _______ $750 Early bird registration discount by March 14, 2003
  _______ $795 Registration March 17 - April 15, 2003                                                   REGISTRATION
  _______ $550 RAA members                                                            The registration fee (see registration form) includes
  _______ $500 Regulators                                                             program materials, continental breakfast on Tuesday
                                                                                      and Wednesday, breaks, lunch Tuesday and
  _______ $650 RAA Association Partners
                                                                                      receptions on Monday and Tuesday evenings.
  Payment method*:
                                                                                       Action: Complete registration form and send with pay-
     Check or money order enclosed/payable to the Reinsurance                          ment to Reinsurance Association of America, 1301
     Association of America*                                                           Pennsylvania Ave., NW, Suite 900,
  or Credit Card:        Master Card               VISA              AMEX              Washington, DC, 20004-1701;
                                                                                       fax to (202) 638-0936; e-mail
  Credit card number: ___________________________________
                        (Please list all digits from your credit card)
                                                                                       or go online for more information to http://
  Expiration date:     __________________________________                     and click on Re Ed.
  Name on credit card: __________________________________
                                                                                      You must be pre-registered. There will be no on-
  Authorized signature: __________________________________
                                                                                      site registration.
  Mail form to Reinsurance Association of America or fax to (202)
  638-0936. For more information email                      Lodging: The Drake Hotel is offering attendees a
                                                                                      special discount rate of $189 per night. The hotel is
  * Payment must accompany registration form and be in US                             located at 140 E. Walton Place, Chicago, IL, 60611;
  dollars only.                                                                       phone reservations at 800/55DRAKE or 312-787-2200;
  Cancellation Policy: All seminar cancellations must be in writing to RAA, 1301      fax 312-787-1431. Contact the hotel directly to make
  Pennsylvania Avenue, NW, Suite 900, Washington, DC, 20004-1701, mail or fax         your room reservations: mention the Reinsurance
  to (202) 638-0936. Upon receipt of your written cancellation, refunds will be       Association of America to obtain the discount (expires
  issued accordingly. Through April 30, 2003: Full refund. After April 30, 2003: No   April 10, 2003).
  refund. Substitutes are welcome.


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