Huff to moderate terrorism panel
John Huff, president and chief executive officer of the Association of Bermuda Insurers and Reinsurers, will moderate an expert panel on international terrorism at next month’s virtual annual conference of the International Forum of Terrorism Risk Pools.
The “Where Does the Buck Stop?” discussion on May 10 will explore the role of re/insurers in risk mitigation and how well-written policies can encourage risk-reduction investments and preventative behaviours among insureds.
Joining Mr Huff on the panel will be Paula Jarzabkowski, professor of strategic management at University of Queensland business school, Australia, and Bayes Business School, UK; Leigh Wolfrom, policy analyst, OECD; Jason Schupp, founder and managing member of Centers for Better Insurance; and Jeffrey D. Stern, superintendent Fema, Emergency Management Institute.
The 45-minute panel will start at 12.45pm AST and will be followed by a 30-minute live audience Q&A.
The conference, having the theme “ReCODE”, will bring together thought leaders from international terrorism reinsurance pools, re/insurers, public agencies, academia and the risk and security professions, for the exchange of expertise and ideas on combating potential economic loss resulting from terrorism risk.
Abir said its member companies are substantial suppliers of terrorism risk coverage to businesses, governments and communities around the world.
Bermuda re/insurers supply 32 per cent, or £770 million ($975 million) of terrorism retrocession capacity to Pool Re, the UK’s terrorism and systemic risk reinsurer.
“Abir members are pleased to support the IFTRIP annual conference,” Mr Huff said.
“Helping the world to manage large and complex hazards, such as terrorism, cyber and climate risk is our business.
“Bermuda re/insurers play a leading role in protecting British taxpayers from terrorism-related economic losses, providing nearly one-third of Pool Re’s capacity.
“With our industry-leading talent base, the Bermuda market has the risk analytics skill set and aggregation capabilities not only to insure terrorism risk, but also to play a role in mitigation – and that is one of the topics we will be discussing in the Abir-sponsored panel.”