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EY insurance event to focus on change

EY team: pictured, from left, are Jessel Mendes, Edie Jaworski, David Brown and Chris Maiato (Photograph supplied)

Changes sweeping the insurance industry will be a prominent topic of EY’s Global (Re)Insurance Outlook later this month.

Michael Millette, founder and managing partner of Hudson Structured Capital Management, and Fiona Luck, Lloyd’s of London franchise board member, are among the speakers scheduled to take part.

Mr Millette, who will give the keynote address, said: “We are experiencing immense change in the industry, so it’s more important than ever to sit down and talk about what’s going well and where we could all focus our efforts. I’m looking forward to discussions with the other industry leaders.”

As macroeconomic, social and regulatory trends challenge insurers, disruptive technologies are game-changers and present opportunities.

A panel on “Leading the digital revolution” will discuss the latest trends, strategies, and the impact of insurtech, blockchain and fintech on the global insurance sector.

EY global insurance leader David Hollander will join this panel and offer his views on how emerging digital technologies will disrupt the re/insurance industry.

The second panel will discuss consolidation, technology and the focus on diversity and the future of work.

Ms Luck said: “Bermuda is the perfect place to have this conversation, with its focus on financial technologies and innovation. I’m thrilled to take part in these thought-provoking discussions.”

Among the other industry leaders who will participate on various panels include Ryan Mather, head of reinsurance, Argo Group; John Huff, CEO of Abir; Patrick Tannock, CEO Bermuda of Axa XL; Helene Stanway, digital leader, Axa XL; Magdalena Ramada Sarasola, senior economist, Willis Towers Watson; and Eric Gesick, group chief underwriting officer, Axis Group.

David Brown, senior partner and insurance leader for the EY Region of Bahamas, Bermuda, British Virgin Islands and Cayman Islands, said: “Bermuda is uniquely positioned at the epicentre of the global re/insurance space. We have gathered an impressive group of leaders to share insights and facilitate an engaging discussion on where we’re going as an industry.”

More than 300 attendees are expected for the event, which will take place on November 29 at the Hamilton Princess.

For more information, please contact ey@bm.ey.com or go to the website at https://www.re-insurance.com/eyglobal/hosted-by