2nd Annual Surplus Lines and Reinsurance Forum Returns to the ULC; Draws 100
The 2nd Annual Surplus Lines and Reinsurance Forum was held on Wednesday, May 22, 2019, at the historic Union League Club in New York City. This year’s event was cosponsored by ELANY, IFNY and Stroock & Stroock & Lavan. The event’s co-chairs, Francine L. Semaya, Esq., Board member of the Insurance Federation of New York, Inc. (IFNY) and a Legal and Insurance Regulatory Consultant, and Howard W. Greene, Esq., Director of Strategic Initiatives, Excess Lines Association of New York (ELANY), put together another creative and informative program with dynamic speakers.
The Surplus Lines – Serving Unmet Needs panel consisted of Nancy McCabe, Compliance Director, North America, Willis Towers Watson; Jon Lipton, CIC, CRIS, President, Castle Rock Capacity, LLC, an Epic Company; Maya Cruz, CPCU, Area Vice President, Risk Placement Services, Inc.; and Richard E. Jodoin, Vice Chairman, Allied World Assurance Company US. The panel was moderated by Francine Semaya for Howard Greene, who was unable to make this year’s event.
The Reinsurance Panel – Insurance Business Transfers – Pros and Cons was moderated by James J. Wrynn, Senior Managing Director, Global Insurance Services, FTI Consulting and former Superintendent of the New York State Department of Insurance. The panel consisted of Matthew Gendron, Esq., General Counsel for the Rhode Island Insurance Division and Robert Redpath, Senior Vice President and US Legal Director at Enstar. Glen Mulready, Commissioner of the Oklahoma Insurance Department, was schedule to participate in this panel but the harsh weather in the Midwest put a halt on travel plans.
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he Former Commissioners’ Roundtable, moderated by Francine L. Semaya, Esq., consisted of the following panelists: Kevin McCarty, former Commissioner of Insurance for the State of Florida; Katherine Wade, former Commissioner of Insurance for the State of Connecticut; and James J. Wrynn, former Superintendent of the New York State Department of Insurance.
A cocktail reception was held directly after the event which provided an informal setting for colleagues and old friends to catch-up and continue the dialogue of important issues facing the insurance industry today.
IFNY is one of New York’s insurance industry’s most widely respected not-for-profit insurance associations, communicating ideas among all sectors of the industry and bringing public and private interests together for the benefit of all. IFNY’s membership includes every segment of the insurance industry, including insurance companies, brokerages and agencies, law, accounting, consulting and other professional service firms. IFNY provides its members with extensive networking and educational opportunities as well as an annual calendar of events that brings together the “best and brightest” in the insurance field to ensure that industry intelligence is shared and that support for best practices in insurance business, law and regulation earns the understanding of leaders across the spectrum.
ELANY is a nonprofit charged with facilitating and encouraging compliance with the excess and surplus line insurance law of New York. Created by statute and operating since 1989, ELANY facilitates communication between brokers and regulators; supports and encourages compliance with laws and regulations, including review and stamping of insurance documents; conducts financial review and oversight of non-admitted insurance markets; provides continuing education for excess line brokers; advocates before legislators and regulators; maintains an information database for reporting to regulators and assisting members with tax reporting; safeguards members, consumers and the marketplace against fraud; protects state revenues, and; serves as an industry representative organization.
