08.15-08.55

Registration and Coffee in the Pre-Function Area

08.55-09.00

Welcome Address:

09.00-09.40

Panel Discussion: State of the Market – A Bumpy Road Ahead?

At the International Union of Marine Insurance annual conference back in September, the cargo team reported a stable marine cargo insurance market, but cautioned that uncertainty lies ahead. With worries about the impact of tariffs, mis declared cargoes, the transition to net zero and war-related risks, there are a lot of risks which could upset the apple cart and cause a sudden downturn in cargo insurers’ fortunes, as we explore in this panel discussion.

Moderator: Howard Potter, Head of Marine, Aviva

Panellists: Tony Achinelli, Partner, McGill and Partners

Richard Costain, Head of Cargo and Specie, Lancashire

Geoff Wilkinson, Senior Cargo and Specie Underwriter, Chaucer

Alastair Scott, Senior Vice President, Guy Carpenter

09.40-10.00

Fireside Chat: New Markets on the Horizon?

As London cargo players, we tend to be focused on the US because so much business comes into London from the US, but as domestic insurers step up, will London need to find new markets? In this session, we consider other options for new business and look at fast growing areas like Africa, where opportunities abound. Risk management will be key, but do the opportunities outweigh the risks?

Participants: Juan Carlos Martinez, Chairman and Chief Executive Officer, CargoCorp Underwriters

Edward Page-Turner, Senior Vice President, Marsh

10.00-10.40

Panel Discussion: The Changing Nature of Ports and Terminals’ Risks

The past few years has seen plenty of change at the world’s ports and terminals and plenty of new risks, which have evolved alongside that expansion. In this session, we look at the changing nature of fire risks and also climate change threats to ports, including the growing risk of hurricanes and flooding. We ask what underwriters should be factoring into their pricing.

Moderator:

Panellists: Julien Horn, Partner – Ports and Transportation Liabilities, McGill and Partners

James Munn, Portfolio Manager – Ports, Terminals, Transportation and Logistics, QBE Insurance

Chris Chatfield, Partner, Kennedys

Dean Johnson, Senior Underwriter – Transport & Logistics, Markel

10.40-11.10

Coffee and Networking Break

11.10-11.30

Presentation: Technology Driving Shippers’ Interest Innovation

The use of technology has been driving innovation in some corners of the market, including shippers’ interest cover. In this session, we receive a ‘101’ on this type of insurance and how it is changing, including what that means in terms of opportunity for growth.

Presenter: Ulrich Kuetter, Executive Director, Logistics, Howden

11.30-11.50

Fireside Chat: Accumulation –

Accumulation concerns in certain global locations are pushing vertical limit requirements to circa 3 billion. This session will discuss where this capacity is coming from and how it is managed. What would a major loss look like?

Participants: Tom Kilmister, Vice President Global Marine, Cargo & Logistics Practice, Marsh

11.50-12.10

Presentation: Global Cargo Theft Risks and Best Practices for Mitigation

Global cargo theft poses a significant threat to supply chains, resulting in billions of dollars in losses annually. The risks vary by region, transport mode, and commodity, but share common drivers such as organized crime, insufficient security protocols, and gaps in real-time visibility.  This session will take a deep dive into theft trends and best practices for mitigation including fraudulent theft.

Presenter: Ronald Greene, Executive Vice President, Over-Haul

12.10-12.30

Presentation: Cyber – High-Profile Attack Warning for Cargo Players

After some high-profile UK losses, we take a look at cyber and physical losses. We consider whether cyber is excluded when there is a physical loss and what this means for cargo insurers.

Presenters: Jack Chamberlain, Deputy Class Underwriter, Chaucer

Emmy Falvey, Senior Vice President, Head of Capacity, Falvey Insurance Group

12.40-13.30

Lunch and Networking Break

13.30-13.50

Keynote: Maritime Security – Keeping Trade Moving

Seabourne trade routes are often subject to coming under pressure from geopolitical events leading to shipowners, charterers and insurers having to make difficult decisions. In this keynote we hear from the Royal Navy’s efforts to keep trade flowing against a background of geopolitical upheaval.

Presenter: Commandore Tim Green, Naval Regional Commander, London and Eastern England, Royal Navy

13.50-14.30

Panel Discussion: How Can London Remain Relevant in the Stock Throughput Space?

With so many more domestic US players offering stock throughput cover, the question for the London market is whether it can remain competitive and relevant. In this session, we delve into how the London market can best position itself in terms of pricing, but also in terms of service to maintain a competitive edge.

Moderator:

Panellists: Katie Frost, Cargo and Specie Underwriter, Chaucer

Chris Hicks, Head of Marine London, Liberty Specialty Markets

Maxim De Prins, Senior Vice President – Marine Cargo, Lockton

Matthew Pullen, Head of Cargo – Syndicate 2003, AXA XL

14.30-14.50

Presentation: Sanctions and Trade Compliance – Keeping the Lawyers Busy

For more than a year now, the world has become used to rapidly changing tariffs adding to the complexity of fast-moving sanctions. In this session, we look at some of the challenges for insurers in keeping pace with the changes, keeping insureds alert to the risks and managing complex insurance placements involving many insurers from differing jurisdictions

Presenters: Chris Zavos, Partner, Kennedys

Graham Gowland, Legal Director, Kennedys

14.50-15.20

Coffee and Networking Break

15.20-15.40

Presentation: Scrap Metal Fires

Scrap metal fires have become a real issue for carriers and their insurers. In this session, we look at the reasons behind the surge in scrap metal carriage and ask what more cargo insurers can be doing to encourage their insureds to properly declare what’s going on board. We also consider the growing risk from this scrap at ports and terminals.

Presenter: Simon Hodgkinson, Global Head of Loss Prevention, West of England P&I Club

15.40-16.00

Presentation: The Cost of Lost Cargo

In this session we will explore the growing and costly problem of containers lost overboard. There are multiple incidents where despite the taking place a few years ago, containers are being washed up and have to be treated as hazardous material, costing many millions for the insurer.

Presenter: Alexandra Couvadelli, Vice President UK Claims, Gard

16.00-16.20

Case Study: Hazardous Cargo – It’s Not all About Fires

Talk to many in the cargo market and the threat of fires looms large. However, there are many other hazardous risks to consider. In this case study, we take a look at how these risks can be managed using the examples of coal, the fumigation of agri-cargoes and liquefaction. We consider the nature of some of these risks and how best cargo insurers can use their influence to mitigate some of that risk.

Presenter:

16.20-16.40

Presentation: Container Disposal – Cleaning Up at the End of the Day

Containers are not invincible and inevitably, at some point they will need replacing. But what happens then? In this session, we provide a P&I perspective on container-related challenges, particularly around the disposal of abandoned containers containing hazardous substances/noxious substances. This will include issues relating to the MARPOL and Basel Conventions.

Presenter: Anthony Cage, Claims Manager, The London P&I Club

16.40-16.45

Closing Remarks

16.45-18.00

Drinks Reception