Agenda

21 March 2024, etc. Venues’ Fenchurch Street, London

 

08.15-08.55

Registration and Coffee in the Pre-Function Area

08.55-09.00

Welcome Address: Grant Attwell, Director, Cannon Events

09.00-09.20

Keynote Address: You are Never to Old to Learn: A Life Time in Freight Forwarding

Our Keynote Robert has worked in Freight forwarding his whole career, in this session we will learn about what has changed since he started in the industry, why freight forwarders are so important to trade and how the sector benefits maritime trade. Robert will also discuss what currently keeps his members awake at night.

Presenter: Robert Windsor, Executive Director, British International Freight Association

9.20-10.10

Panel Discussion: State of the Market – End-to-End

Having just completed the 1/1 reinsurance renewals, we take the opportunity to review the state of the insurance market, end to end. We pick out the hotspots such as excess of loss cover and sum up the market mood for the year ahead.

Moderator: Samuel Casey, Senior Reporter, Insurance Insider

Panellists: Richard Golder, Head of Marine Cargo, Tokio Marine HCC

Richard Hill, Senior Broker, CR International

Christopher Hicks, Marine Cargo Underwriting Manager, Liberty Specialty Markets

10.10-11.00

Panel Discussion: Coverage Creep – The Slippery Slope

The cargo market has enjoyed greater clarity on wordings and clauses in recent years, however market pundits have been highlighting some coverage creep coming back into the market. We question whether this is the start of a slippery slope and why it is happening.

Moderator: Andrew Corton, Project Cargo Underwriter, Starr Insurance Companies

Panellists: Donna Young, Head of Cargo, Canopius

Aimee Nolan, Line Underwriter – Cargo, Hiscox

Philip Clark, Executive Director, Price Forbes

Melanie Buitendag, Senior Cargo Producer/Developer, Meridian Risk Solutions

11.00-11.30

Coffee and Networking in the Pre-Function Area

11.30-11.50

Case Studies: Salvage in Turkish Straits – Remedies for Cargo Interests

The Turkish Straits are one of the busiest waterways in the world: unpredictable changes in currents, sharp turns and sometimes weather conditions make it more challenging to navigate. In recent years, we have seen many salvage claims arising from engine breakdowns of vessels causing significant salvage claims by a state-owned salvage company having monopoly rights in Turkish Straits. In this presentation, those salvage Claims will be examined in respect of the cargo interests: what to expect, level of salvage claims, collection of evidence.

Presenter: Caglar Coskunsu, Partner, Cavus & Conskunsu

11.50-12.10

Fireside Chat: Adding up the Aggregation

Aggregation remains really worrying for the cargo insurance market, as cargo insurers struggle to keep up to date with where a cargo is at any given time. The risks associated with not having full visibility on cargo movements is leading to concerns from senior management about levels of exposure for the insurers, as we uncover in this session.

Presenter: Andy Yeoman, Chief Executive Officer, Concirrus

Helen Steadman, Head of Cargo, AXIS

12.10-12.50

Panel Discussion: Bytes to Benefits – Navigating the Impact of Data in Cargo Insurance

In a world of cutting-edge technologies and limitless data, how is the cargo insurance industry poised to innovate and transform the overwhelming volume of collected data into practical advantages for everyone involved? Join our panel discussion with industry experts to explore how technology is reshaping processes and positively impacting all stakeholders, from logistics and brokers to insurers.

Moderator: David Osler, Insurance Editor, Lloyd’s List Intelligence

Panellists: Ed Colclough, Class Underwriter, Parsyl

Arne Klockmann, Director, Hapag-Lloyd AG

Max De Prins, Senior Vice President, Lockton Edge

Ulrich Kuetter, Head of Global Insurance Solutions (GIS), Schenker Global Management Services

12.50-13.50

Lunch in the Pre-Function Area

13.50-14.10

Presentation:  Navigating the Waters – Challenges and Opportunities in the Latin American Marine Reinsurance Market

Exploring the growth potential and emerging opportunities in the Latin American marine reinsurance market, understanding the regulatory, market dynamics, cultural challenges and opportunities for business operations in Latin American countries and discussing the future trends, growth projections, and upcoming opportunities for expanding business in Latin America.

Presenter: Juan Carlos Martinez, Chief Executive Officer, CargoCorp

14.10-14-50

Panel Discussion: Two Sides to Every Story – The Cargo and Hull Perspectives

Hull underwriters may not have obvious connections to cargo risks, however if a ship fails or if a cargo causes the vessel to capsize, then both the hull and cargo insurers will be involved in the claim. In this session we hear from both markets on how improved communication could help prevent accidents. We will also learn about the efforts to get the LOF clause written into H&M policies.

Moderator: Arabella Ramage, Legal Director, Lloyd’s Market Association

Panellists: Jenna Hales, Marine, Energy and Specialty Claims Manager, Hiscox London Market

Alistair Marriot, Head of Marine – UK & Ireland, Everest Insurance

Victoria Soman, Senior Claims Adjuster, Canopius

Paul Warren, Senior Marine Claims Expert, Allianz

14.50-15.10

Presentation: Regulatory Updates Related to Vehicle Carriage and Vehicle Carrier Fires

Vehicle carrier fires have been a longstanding issue in shipping industry. The pressure for review of regulations have reached IMO through submissions by Member States. IMO has initiated the process of regulatory amendments and work streams have been established to study the same. The participants will be provided with updates from a regulatory viewpoint and what the future has got.

Presenter: Lional Sharon, Marine Adviser – Cargo, International Chamber of Shipping

15.10-15.30

Presentation: What Next? Cargo Fire Solutions Analysed

From drenching burning cargo in water to heaving burning vehicles over the side, the hull market is working hard on possible solutions for cargo fires. In this session we ask whether there are any viable solutions out there and whether cargo insurers are having enough of a say when it comes to redesigning vessels to reduce the risk.

Presenter: Neil Roberts, Head of Marine and Aviation, Lloyd’s Market Association

15.30-15.50

Coffee and Networking in the Pre-Function Area

15.50-16.10

Presentation: Complexities Surrounding Misdeclared Cargo

In today’s session, we aim to address the persistent challenge of misdeclared cargo and its ramifications for insurers and their clients within the maritime industry. Despite the diligent efforts of clients to tackle this issue, insurers still face a multitude of claims arising from misdeclaration. By analysing real-world scenarios and drawing insights from industry experiences, we can identify key areas for improvement and develop proactive measures to address misdeclaration challenges. Our objective is to foster a deeper understanding of the complexities surrounding misdeclared cargo and facilitate collaborative efforts to enhance risk mitigation strategies within the maritime sector.

Presenter:  Capt. Jorge Pecci, Director, Marine Risk Engineering, National Cargo Bureau

16.10-16.30

Presentation: Up, Up and Away – Inflation Continues

We have all suffered with rapidly rising prices and the cargo market has been no different, but has the rapidly rising inflation been matched by disciplined underwriting? At the same time, we ask whether ESG considerations are fuelling price rises still further. Is there a very real danger of under-insurance among clients?

Presenter: Caroline Monnickendam, Senior Cargo Underwriter, Munich Re Syndicate

16.30-17.00

Fireside Chat: Cyber – It’s All in the Word(ing)

Cyber threats are indisputably on the rise worldwide and sadly, the cargo market is often targeted by criminals. For some years, cyber risk has been excluded as a matter of course by insurers, however there are now signs of a thaw in the hardline approach. The market now has access to new excess of loss wordings, which aim to clarify coverage for this area of the market. We consider how these clauses work in practice and whether they have been welcomed by underwriters.

Participants: Howard Potter, Head of Marine and Cargo, Aviva

Phil Ponsford, Managing Director, Astaara Risk Management

Siân French, Managing Director, Marsh

 

Closing Remarks: Grant Attwell, Director, Cannon Events

17.00-20.00

Drinks Party at Balls Brothers Minster Court

Cannon Events Ltd reserves the right to amend the program and is not responsible for cancellations due to unforeseen circumstances. Cannon Events Ltd accepts no responsibility for statements made orally or in written material distributed by any of its speakers at its conferences. In addition, Cannon Events Ltd is not responsible for any copying, republication, or redistribution of such statement.