Two local accountants off to Arizona to speak at Mealey conference
An insurance insolvency and reinsurance business roundtable in Arizona later this year will include two Bermuda representatives.
Mr. John McKenna, partner with Ernst & Young (Bermuda), and Mr. Peter Mitchell, partner with Coopers & Lybrand (Bermuda), are scheduled to speak at Mealey's 1995 Insurance Insolvency and Reinsurance Roundtable slated March 30-April 1 at the Scottsdale Princess.
US-based Mealey's Publications, Inc., publisher of Mealey's Litigation Reports on Reinsurance, and Insurance Insolvency, will bring together the views of legal and market representatives from the US and abroad, and others, is sponsoring the programme.
"Our presentation will deal with what is happening in Bermuda (like) regulatory aspects of Bermuda and schemes of liquidation,'' said Mr. Mitchell.
"It should be an interesting forum -- it is tailored to insolvency and includes professionals from around the world,'' he added.
The presentation by chartered accountants Mr. McKenna and Mr. Mitchell is entitled "Bermuda-Triangulation or Strangulation''.
Mr. McKenna could not be reached for comment.
The conference, held for the first time last year, includes other engaging titles like; "Sticks and stones may break my bones but NAMES will never hurt me'', "Everybody in the pool'', and "Is London Bridge falling down?'' for its topics.
Speakers will discuss and debate such issues as; the state of markets in London, the US, and Bermuda, allocation of environmental losses, cedant versus reinsurer disputes, collecting reinsurance recoverables, how Lloyd's names fit in the mix, regulatory concerns, according to an overview of the conference.
Other topics are; insolvency from the perspectives of policyholders, US and UK liquidators and reinsurance brokers, as well as the pros and cons of litigation versus arbitration.
Mr. Gareth Hughes with the Ernst & Young (UK), the joint provisional liquidator of Bermuda Fire & Marine Insurance Co., is slated to participate, as is Mr. J. Burleigh Arnold, with Transit Casualty Co., currently in receivership.
Transit is a creditor of Bermuda Fire & Marine.
Ms Kathryn McIntyre publisher and editorial director of Business Insurance, the leading insurance publication, is slated to be in "The Market's Response -- Sell short or buy long'' presentation.
The conference is being chaired by Chadbourne and Park, a law firm with offices in New York, Washington D.C., Los Angeles, London, Moscow, Hong Kong and New Delhi. The insurance practise group specialised in reinsurance, insurance, insurer insolvency, as well as corporate and regulatory matters.
