Dear colleagues,

We are pleased to have a breakfast forum coming up on June 22nd at Balls Bros Business Suite, Mincing Pavement EC3R 7PP. Please get there for 08.15 for coffee and networking as the presentation will begin promptly at 09.00 and end at 10.00 . Members Mound, Cotton, Wollan & Greengrass are speaking for us as follows:

Jeffrey Weinstein - Sendai Earthquake/Tsunami: Discussion of First-party Coverage Issues

Now that insurance adjusters are able to travel to Japan and observe the damage and devastation from the March 11 disaster, certain insurance coverage issues are becoming apparent. Jeffrey will discuss some of the more intriguing first-party insurance questions that are being presented to insurers for consideration, such as: 1) the contractual interactions among local fronting, captive, and "Difference in Conditions" policies; 2) the application of sublimits where policies provide limited coverage for earthquake, flood (sometimes including "tsunami"), and contingent time element loss; 3) the calculation of deductible(s); 4) the impact of "Territory" clauses; and 5) the need for and impact of reservation of rights letters.

James Veach - The GRID: the National Association of Insurance Receivers' (NAIC) Database Project

In 2004, the NAIC began to construct a Global Receivership Information Database to cover more than 1,200 insurer (and reinsurer) receiverships in the United States. The NAIC has completed Phase I of the GRID and is moving into Phase II. James will walk through the information available and how one accesses the GRID.

James will touch on a subtle shift away from the traditional U.S. receivership model and how efforts to mass-commute reinsurance liabilities, good bank/bad bank balance sheets, and even embrace schemes of arrangement will affect run-off within the U.S. receivership community. He will also touch on an NAIC White Paper on Restructuring Alternatives to Formal Receivership, a white paper that he helped draft.

Please reply to this email for your place at the presentation.

Other useful information:

- If you are in town that day why not consider the BILA Cyber Event? For the full programme click here

Kind regards.

Leslie-Ann Giovnilli
Association Secretariat

Email: This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
Tel: +44 (0) 870 609 1379 / Fax: +44 (0) 1449 770941
Web: www.arclegacy.eu / www.arccongress.com
Registered Office: 47 Bury Street, Stowmarket, IP14 1HD. Company Registration No. 5473672


If you wish to be deleted from the Association of Run-Off Companies Ltd contact list, please respond to us through a correspondence channel of your choice as included in this email. Emails sent via the internet can be altered by third persons, we therefore cannot assume any responsibility for changes made to this message after it was sent. Please also note that the information, including attachments, in this email is strictly confidential and solely intended for the addressee named above. If you are neither the intended recipient nor an employee, nor agent responsible for delivering this message to the intended recipient, we hereby notify you that any form of unauthorized use, publication, reproduction, copying or disclosure of this emails content is not permitted. If you have received this communication in error, please notify the sender and delete the email from your computer system.