25th & 26th March 2015, Grange City Hotel, London, UK
Running a major company in the current global environment is undoubtedly a risky business and with litigation and regulation on the increase, Directors & Officers cannot afford to go unprotected. D&O liability insurance remains an essential form of coverage in the corporate world. It is therefore essential that insurers maximise opportunities across the globe, remain competitive with bespoke policy wording and services, continue to innovate to stay ahead of the competition, and keep up-to-date with the latest developments and trends in regulation and claims. Alex Guillamont, Kennedys Latin America Director and Mike Hennessy, associate, will walk the audience through the current status of the Latin American region in this respect.
This session will provide insurers, looking to enter the market or consolidate their presence in these jurisdictions, with insightful and practical knowledge on key Latin American jurisdictions in the D&O world such as Brasil, Mexico, Argentina as well as references to developing markets such as Colombia and Peru.
- Reviewing the local market conditions:
– Assessing the political, cultural and legislative environment
– How the business and political culture has contributed to the demand for insurance
– How much capacity is there in the current marketplace?
- An examination of the competitive landscape, internationally and locally
- What is the position regarding rates and what is the forecast for the future?
- What are the exposures for directors and are there any jurisdictions where personal liability exists?
- How many risks are US listed and how linked are they to the US?
- An examination of the claim trends:
– What is the frequency of claims over the last two years?
– What types of claims are we seeing?
– Where is the main claims activity and what is the main source?
– What procedural and cultural issues must be considered within the claims environment
- Determining the extent of regulation and how this affects D&O’s
– An overview of the regulatory landscape in each jurisdiction
– What are the criminal and civil liabilities of D&O’s?
– What are the trends, who is being targeted and why?
– Analysing the ‘local v international’ arena of regulation
– What insurers should know to avoid being caught out
- What methods do international insurers use to account for local risks?
– What risks are involved?
– Examining the difference between local and international policies
– Top tips for creating an intentional programme to account for local risks
- A review of the reinsurance markets and opportunities
- Looking ahead: What can we expect?
ALEX GUILLAMONT Director of Miami office for Latin America & Caribbean
Alex Guillamont is the director of Kennedys Latin America and leads the Latin American and Caribbean practice at Kennedys. He handles disputes on behalf of leading international insurers and reinsurers, having represented clients across the region. With 15 years of experience, Alex is an acknowledged leading expert on insurance and reinsurance matters regionally. After serving the market with claims in Iberia from our London and Madrid offices, he relocated permanently to Miami in June 2010. The industry has voted him year on year into the LATAMIR Power 50 list, Latin American insurance sector most influential professionals. His team in Miami has been awarded the 2013 and 2014 Reactions Latin America Awards for best Law Firm. Also, Alex has been awarded as Insurance & Reinsurance Attorney of the Year in Latin America 2014 by Global Law Experts.
Alex is involved in complex losses on major environmental and natural disasters, contractors all risk, political and trade risk, financial institutions and D&O claims, energy losses, regulatory compliance and third party administration schemes and political risk in the entire region—most recently in Argentina, Bolivia, Bahamas, Brazil, Chile, Central America, Colombia, Costa Rica, Ecuador, Haiti, Mexico, Panama, Peru and Venezuela. He and his team advise carriers on regulatory issues and strategic deployment of offices, wordings and claims handling procedures, audits of ceding companies and underwriting agents.
MICHAEL HENNESSY Associate Kennedys Latin America & Caribbean
Mike Hennessy qualified as a lawyer in England and Wales in September 2008 and practiced law at a leading London insurance law firm for five years prior to joining Kennedys Latin America LLC in June 2011. As a member of the Kennedys team in Miami, Mike is involved on claims management and policy reviews throughout Latin America and the Caribbean.
Mike has particular expertise in construction and energy claims as well as liability. He has recently worked on a number of high profile cases in Brazil and Mexico and is involved in subrogation recoveries, arbitrations and litigations throughout the region. Mike is ranked in Latin America by the Chambers Global Guide, in 2012 he was said to be a “rising star” by market sources and in 2013 he was stated to “continue to attract considerable praise from market sources”.
Kennedys Latin America & Caribbean. Miami office Team