IUA Circular 028/12

MARKET BRIEFING
The Stresses on Insurance Company Finances in a Recession

 

Speakers:
Ian Clark, Partner, Deloitte LLP
Steve Goate, Head of Broker Services UK, Reinsurance Solutions Limited R&Q
Stefan Watson, Managing Director of R&Q Liquidity Management Ltd, R&Q
Clive Buesnel, Partner, Deloitte LLP

Date: Thursday 10 May 2012
Time: 12noon to 1pm followed by buffet luncheon
Venue: Conference Room, Baltic Exchage, St Mary Axe, London EC3
Subject: An IUA market briefing examining how CFOs and senior managers can improve an insurance company’s balance sheet.

This is a free event, but names and email addresses of all attendees are required for registration. IUA members can register online in the events section of this website.
Or contact Deborah Finch, IUA Events Co-ordinator

In a time of economic recession, low interest rates and the advent of Solvency II, insurance company balance sheets are coming under serious strain. Expenses are rising and investment income cannot be relied upon to bridge the gap. It has become imperative for CFOs and senior managers to look in detail at all aspects of the balance sheet and make improvements wherever practical.

At this IUA market briefing, our speakers will be talking about such stresses on an insurance company balance sheet, and practical ways in which the balance sheets can be improved. Ian Clark, of Deloitte will give an overview to the current economic situation and how it is affecting performance. Steve Goate of R&Q will be giving practical advice on simple but effective ways to improve your balance sheet, while Stefan Watson, also of R&Q, will be talking about the potential advantages of selling non-performing reinsurance assets. Clive Buesnel of Deloitte will close with some more practical examples of how to improve efficiency and save costs.

Our Speakers :
Ian Clark of Deloitte leads the Insurance Strategic Advisory Team within Deloitte's Corporate Finance practise with 28 years insurance experience. Ian has advised insurance brokers and intermediaries, insurance and reinsurance companies, Lloyd’s Syndicates and agencies on a range of strategic issues, mergers and acquisitions. He is the Deloitte Lead Client Service Partner for Lloyd’s and leads their London Market activities.

Steve Goate of R&Q has over 30 years experience in the insurance and reinsurance industry where he has developed extensive knowledge of the London Market processes. He currently holds the position of Head of Broker Services with a staff of over 30. Steve oversees a third party client portfolio comprised of diverse product offerings ranging from inspection services to broker replacement.

Stefan Watson of R&Q is a Law Graduate with over 20 years of market experience within Lloyd’s and the London/International Insurance Markets. He has travelled globally conducting audits, reinsurance commutations and debt acquisitions.
 
Clive Buesnel of Deloitte is a Partner with the Deloitte Insurance Operations practice and has over 20 years of consulting and business leadership experience. Clive started his career at Andersen Consulting (Accenture), building and implementing major IT and process change programme in the Financial Services industry across Europe.

As a member of the CPD (Continuing Personal or Professional Development) Certification Service the IUA is committed to providing high quality training activities.
Our market briefing events are certified as being suitable for CPD purposes.
To obtain a self assessment form for any particular event please email Deborah Finch.
For events held in the conference rooms at Balls Bros., Minster Pavement, Xchanging Conference Rooms or Baltic Exchange you will not require an entrance pass but we will require a note of your attendance for room capacity and catering requirements.