– Adrian Ladbury, Editor, Commercial Risk Europe
– Professor Bannister, Chairman, MFSA
– Tonio Fenech, Malta Finance Minister, Government of Malta

09.15 – 09.45 – Keynote speaker – Peter Skinner, MEP & member of the Economic and Monetary Affairs (ECON) Committee, European Parliament 

• Latest update on Solvency II and its impact on the insurance market

09.45 – 10.15 – Keynote speaker – Robert Schimek, President and CEO of EMEA, Chartis

• How will the ongoing European debt crisis affect the strategy of the non-life insurance and reinsurance market for the industrial insurance market?
• What impact will the financial situation have upon the willingness and ability of insurers to offer innovative coverage for emerging risks?
• What changes need to be made to make the rules more acceptable to re/insurers and how can these changes be achieved?
• What impact will the rules have on the overall cost of capital for the European insurance industry – if higher then how will this be paid for?
• What impact will Solvency II have upon the level of capacity offered to industrial insurance buyers and the price of cover?

• How will the European and international insurance industry react to the financial crisis?
• Will low investment returns, falling redundant reserves and the high level of losses in recent times reduce capacity on offer and which lines are most likely to be hit?
• How will the European industrial insurance market react to Solvency II and what impact will it have upon capacity and price?
• What can insurance buyers expect in coming renewals? 

10.35 – 11.00 – Discussion panel and Q&A – speakers joined on the panel by:

• Gaetan Lefevre, President of Belrim and Group Risk & Insurance Manager, CMI 
• Jorge Luzzi, President of Ferma and Risk Manager for Pirelli
• Alessandro de Felice, Group Risk Manager, Prysmian 

What are the main challenges presented to corporate insurance buyers with cross-border coverages in today’s fluid global economy and how are they best organised and managed? What are the most cost-effective ways of managing and transferring cross-border risks? How could and should captives be used to manage such risks? How could and should the industry work together more effectively to achieve compliance with insurance and tax rules? What are the latest changes to rules in Africa in the Middle East? What are the big risks of doing business and transferring risk in the region after the Arab Spring?

11.15 – 12.00 – Praveen Sharma, Senior Vice President, Global Practice Leader – Insurance Regulatory & Tax Consulting, Marsh & Marcus Reichel, Head of Group Insurance, Adidas Group

• Who is responsible for compliance of a global programme — risk manager, broker or insurer?
• What are the potential penalties and risks faced by risk managers if they get it wrong?
• How should captives be used to ensure global programmes are optimised from a tax and management perspective?

12.00 – 12.15 – Johnny Merlot, Director of Group Insurance, Orange-France Telecom

• How has the world of global programmes changed over the last 10 years and why?
• What is the point of a global programme and why should risk managers consider using them instead of simply buying coverage locally?
• What is the best strategy for global programmes in the current environment?
• How could and should insurers and brokers work more effectively together to deliver cost effective and compliant programmes for customers?

12.15 – 12.45 – Stephen Morton, Manager of the Multinational Centre of Excellence, Chartis UK

• Do global programmes work better than they used to and if so how and why?
• What have insurers done over the last 10 years to make global programmes more effective for customers?
• How should a global programme be structured to guarantee optimal performance and compliance?

12.45 – 13.15 – Discussion panel and Q&A – speakers joined on the panel by: 

• Frederic Martineau, Director of Tax and Risk Advisory Services, Ernst & Young
• Andy Trowmans, Partner, Clyde & Co

13.15 – 14.30 – LUNCH

14.30 – 14.45 – Adrian Ladbury Editor, Commercial Risk Europe

• An introduction to the topic of globalisation? Where have European and international companies focused their expansion efforts? And how has this process changed supply chains?
• What are the likely future trends given recent events?

14.45 – 15.15 – Jorge Luzzi, President of Ferma and Risk Manager for Pirelli and Carl Leeman, President of IFRIMA and Risk Manager for Katoen Naatie

• How have supply chains changed because of globalisation?
• To what extent has the risk of tighter, shorter and cheaper supply chains been considered over the last 10 years?
• Was the risk really properly identified, measured and managed?
• What lessons have been learned from Japan and Thailand?
• Is adequate and cost effective BI and CBI coverage available currently?

15.30 – 16.00 – Cedric Lenoire, Manager, Business Risk Consulting, FM Global

• Have risk managers and insurers adequately assessed, measured and managed their risk to date?
• Have buyers adequately identified, measured and managed their supply chain risk in emerging markets to date?
• What lessons should buyers learn from the events in Japan and Thailand?

16.00 – 16.30 – John Dempsey, Senior Partner, Dempsey Partners LLC 

• How have the Japanese and Thai disasters changed the way reinsurers and insurers view supply chain risk?
• Have risk managers and insurers adequately assessed, measured and managed their risk to date?
• What lessons should buyers learn from the events in Japan and Thailand?
• How have the insurers and reinsurers responded and are these responses fair?

16.30 – 17.15 – Discussion panel and Q&A – What needs to happen next to ensure that risk managers are confident that their supply chain risks are adequately covered at an affordable rate particularly in catastrophe exposed regions? Speakers joined by: 

• Sabine Segor, Head of Risk & Insurance Management, Hugo Boss & DVS board member
• Marco Terzago, Risk Manager, SKF Industrie SpA

18.00 – 20.00 – Drinks reception at the Hilton Hotel

Part I – Dealing with Solvency II

9.00 – 09.20 – Laurent Nihoul, PRiM Board Member and Principal Consultant,  Aon Risk Solutions

How to achieve proportionality in implementing a compliant Pillar II Governance System:

• The Pillar II Context: Governance and Risk Management
• What are the requirements?
• Implementing a compliant Governance and Risk Management system: What are the challenges?
• Top Down approach vs. Bottom Up approach: pros and cons
• How to achieve proportionality? Simplifying without reducing by launching a structured approach
• Focus on ORSA, Internal Control and Risk Appetite (among others) under the Principle of Proportionality

09.20 – 9.40 – Jonathan Groves, Head of Continental European Risk Management Group, Chartis 

• How could and should industrial insurance buyers use their captives to help cope with inevitably hardening non-life insurance markets?
• What will Solvency II mean for captives in Europe?
• How could and should captive owners respond to the new rules and how will they evolve to manage the transition?
• What will be the ultimate costs and benefits of the new regime for captive owners and managers?

09.40 – 10.00 – Discussion panel and Q&A

• Marisa Attard, Head of Insurance, Malta Financial Services Authority, Simon Burtwell, Partner, Financial Services, Ernst & Young and Andy Trowmans, Partner, Clyde & Co

10.00 – 10.20 – David Mifsud, Chief Underwriting Officer, Atlas Insurance PCC, Mark Camilleri, Chief Financial Officer, Atlas Insurance PCC Ltd, John Norfolk, Head of Risk Management, Ocado

• Protected cells – How to make best use of them in risk financing strategies
• Update on how protected cells are being treated under Solvency II and the benefits these can offer over standalone insurance company/captives.
• A cell owner’s perspective and experience

10.20 – 10.40 - William Thomas-Ferrand, Senior Vice President, Captive Solutions, and Stephen Portelli, Vice President, Captive Solutions, Marsh Management Services Malta Limited

• What are the latest trends in the Captive Industry?
• How are risk managers in various industry groups using their captives to reduce overall corporate risks?
• Why is Malta a good place to situate your captive to serve EU Markets as well as help deal with emerging risks in regions like Africa and the Middle East?
• What challenges and benefits is the changing regulatory landscape presenting to the captive industry?

10.40 – 11.15 – Discussion panel and Q&A – speakers joined on the panel by:

• David Zammit, Director, South Risk Partners Ltd.

Commercial Risk Europe's editor, Adrian Ladbury, will present his analysis of the main talking points raised during the conference.

Panel participants will then be asked to identify their firm conclusions and action points for risk managers and the insurance industry.

Key points to be discussed include:

• How can all parties work more effectively together to tackle difficult emerging risks such as supply chain and cyber risk to deliver more comprehensive, cost-effective and lasting solutions?
• Is the insurance industry really that bad at innovation or do risk managers expect too much for too little?
• How will the rising cost of capital affect industrial capacity made available to risk managers for the more difficult risks such as catastrophe in emerging markets?

Invited panellists:

• Carl Leeman, President of IFRIMA and Risk Manager for Katoen Naatie
• Philippe Jouvelot, Chief Operating Officer, AXA Corporate Solutions
• Dr. Peter Klatt, Managing Director of BMW'S captive reinsurance company

13.00 - 14.30 - Buffet lunch

Conference ends