WASHINGTON, DC--(Marketwire - July 12, 2010) - The 22nd annual conference of the National Risk Retention Association October 5-7 in Washington will focus on "The Power of Advocacy," Sanford "Sandy" Elsass, Conference Chairman and President/CEO of Uni-Ter Underwriting Management Corporation, announced. The conference will feature experts in the alternative risk transfer sector of the insurance industry along with insurance commissioners, captive managers, and federal officials.
NRRA is the national trade association that represents the interests of Risk Retention Groups -- insurance companies authorized by the federal Liability Risk Retention Act of 1986 to operate nationally without additional regulation when licensed in a single state. The 247 RRGs active today generated more than $2.5 billion of premiums in 2009.
Michael J. Bemi, CPCU, ARM, President/CEO of National Catholic Risk Retention Group, Inc., will keynote the conference with a review of how Risk Retention Groups grew into a major segment of the insurance industry in the 25 years since the federal Liability Risk Retention Act was signed into law.
Therese M. "Terri" Vaughn, CEO of the National Association of Insurance Commissioners, will address the conference on regulatory issues concerning Risk Retention Groups from the perspective of the NAIC.
"Every RRG president or captive manager should attend this conference to learn the latest developments affecting the industry from efforts to obtain federal approval for RRGs to write property insurance to legislative/regulatory challenges by states seeking greater control," Elsass said. "The conference also will feature practical workshops on management from claims and litigation, to new technology RRGs can use, to the role of reinsurance in growing RRGs," he added.
Senior executives and partners from some of the top firms that work with RRGs will be on the program including: Accounting/Tax/Audit -- Johnson Lambert & Company, LLP, auditing/tax compliance/insurance services. Actuarial -- Deloitte, LLP, actuarial, financial, advisory, risk management, and tax services; Milliman, Inc., actuarial and consulting services. Rating Agency -- Demotech, Inc., rating/financial analysis. Business Services -- Computer Sciences Corporation, information technology/outsourcing; Delphi Technology, Inc. -- software solutions for the professional liability market; Spinella & Associates, research. Investment Management -- Logan Capital Management, Inc. Legal -- Lewis Brisbois Bisgaard & Smith, LLP, insurance litigation; Morris, Manning & Martin, LLP, RRGs/insurance/commercial law; Saslow, Lufkin & Buggy, LLP, accounting, tax, and business consulting. Reinsurance -- Amlin plc, insurance/reinsurance underwriters; Beazley Group, Lloyds underwriters; BMS Intermediaries, London broker; Besso Re, Ltd., London broker; U.S. RE Corporation, international reinsurance broker.
Conference session topics include: Federal Front; Claims and Litigation; Ongoing Changes to Bad Faith Laws; Rules and Regulators; Implementing Governance Standards, Risk Focused Exams, Model Audit Rule; Trends in Losses, Hard Market Follows Drop in Surplus; How to Prevent Bad Faith Claims; Directors & Officers/Errors & Omissions Insurance; Ask the Commish: NAIC & Federal Issues; Reinsurance for RRGs; Technology-Expert Witnesses; What Keeps RRG CEOs Up at Night-Town Hall Session.
The conference will be held at The Ritz Carlton Pentagon City Hotel, Washington, DC. Attendees can register online at www.riskretention.org.
Contact Information:
Association contact:
Jennifer Williamson
President