Annual Conference Session Details

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09. Reinsurance Programs: What's Available and What's Appropriate for Your Company? (Advanced)

Date: 2021-08-10T00:00:00-04:00 Time: 1:30 pm-2:20 pm

Learning objectives: This important session will help captive owners and manages understand the intricacies of reinsurance, its various structures and how best to negotiate a treat. At the end of this session the attendees will be able to:
 
- Understand the purpose/goals of reinsurance
- Gain clarity on various reinsurance structures  
- Understand the different types of contracts; including where each type is generally utilized
- Determine which structures would be best suited to their captive program
- Develop a negotiation strategy to obtain the best structured reinsurance product for the best price
 
Level: Advanced
Prerequisites: Basic understanding of captives and use of reinsurance 
Field of Study: Specialized Knowledge

 

Coordinator: Lori Ross, Sedgwick
Content Advisor: Peter McDougall, Paul Frank + Collins
Moderator: Kate Tyler, Sompo International
 

Do you need a wider understanding of the many reinsurance structures commonly available? Many people in executive management understand their own specific reinsurance programs but are somewhat unfamiliar with all the options available today. Join us for the this session to educate yourself on the options, and effectively decide if your program is actually the best fit for the goals of your organization. Case studies will be shared from captive owners (2-3 anonymized examples with discussion of the pros and cons of each program). Join us!

 

1 NASBA CPE/VT CLE/CRE/ ICCIE CREDIT


Scheduled Speakers:

Mr. Daniel Belbusti

Dan Belbusti serves as the Chief Financial Officer for Eastern Dentists Insurance Company (EDIC) where he oversees the internal and outsourced financial functions of the company. Mr. Belbusti joined EDIC from Electric Insurance (a GE Company) where he spent 9 years and served as Deputy Controller and Technical Accounting Leader. Prior to Electric Insurance, Mr. Belbusti spent 5 years as a Senior Manager at a consulting firm specializing in risk management for financial services clients, where he implemented enterprise risk management structures, improved internal control processes, and engaged in the occasional fraud investigation. Mr. Belbusti also formerly served as a Senior Associate at PricewaterhouseCoopers LLP, specializing in audits for insurance and investment industry clients. He holds both an M.S. and B.S. from the University of Connecticut.

Nathan Buysse

Nate Buysse, Senior Vice President, works with Guy Carpenter’s Medical Professional Liability (MPL) specialty practice group located in Minneapolis. In his treaty broking role with the MPL team, he is responsible for the design, placement, and servicing of numerous reinsurance programs. He is active in new hire training, client relationship management, and new business production. He has also worked on specialized transactions that include adverse loss development covers, portfolio transfers and renewal rights sales. While he is now dedicated full time to the MPL sector, Nate has past experience in other lines of business including property catastrophe, commercial trucking, cyber liability, lawyers’ professional liability, and other professional liability lines.Prior to joining the MPL treaty broking team nine years ago, Nate spent four years in the Client Support Services (CSS) division of Guy Carpenter where he administered reinsurance accounting and claims functions for many different MPL clients. His CSS background has greatly enhanced his broking capabilities, especially as it relates to solving complex reinsurance coverage issues, analyzing loss scenarios, and crafting appropriate reinsurance contract wording. Nate received his bachelor’s degree from Minnesota State University, Mankato with a major in Economics, and has attained the Chartered Property Casualty Underwriter (CPCU), Registered Professional Liability Underwriter (RPLU), and Associate in Reinsurance (ARe) industry designations.

Kevin Madigan

Kevin Madigan is a risk, actuarial, and underwriting professional in the P&C space, with experience and expertise in the Insurance Linked Securities market as well. His P&C career spans more than 25 years. As a consultant he has provided a broad range of actuarial, risk & capital, and pricing and underwriting advisory and assurance services to P&C carriers and their investors. He is a widely recognized expert in ERM, risk modeling, capital modeling and management, and exposure accumulation measurement & management. He also has a particular interest in appropriately aligning actuarial, risk & capital, and underwriting activities with an insurer’s corporate strategy. Kevin is an Associate of the Casualty Actuarial Society, a Chartered Enterprise Risk Analyst, and a Member of the American Academy of Actuaries. He holds a PhD in Mathematics from the University at Albany and a BS in Mathematics from Auburn University.

Kate Tyler

Kate Tyler is a Vice President on the Professional Liability Treaty team at Sompo International Reinsurance where she underwrites a diverse portfolio focusing on directors and officers liability and related products, medical malpractice, cyber, lawyers, environmental, and many classes of errors and omissions reinsurance. Prior to joining Sompo in 2017, Kate spent 9 years with Mendes & Mount, most recently as a Contract Partner, representing both insurers and reinsurers in Professional Liability matters. Kate began her career practicing law in a family law firm in her hometown of Enfield, CT after graduating from Western New England University School of Law, and she is a graduate of Brown University with a double major in Architectural Studies and American Civilization.