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The 2007 NRRA National Conference and Healthcare Professional Liability Seminar
September 26 - 28, 2007, The M Street Hotel, Washington, D.C.
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GO DIRECTLY TO SPONSORS AND REGISTRANTS FOR 2007
For the first time in NRRA's 20 year history, we are offering an industry specific seminar the day before the Annual Conference. Separate registration rates are available, however discounted combined rates are available for attending both programs.
VIEW PROGRAM DETAILS ONLINE
Session presentations and handouts were posted October 3, 2007.
Healthcare Professional Liability Seminar
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| WEDNESDAY, SEPTEMBER 26 |
| 10:00 to 10:15 a.m. |
Welcome and Introductions
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10:15 to 11:30 a.m.
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Gaining a Competitive Edge
Market survival for the med mal RRG depends on skill, cunning, and knowing what’s ahead. Our panel today discusses the state of med-mal startups and what that means to your company, and the particular marketing strengths and weaknesses of med mal RRGs, including underwriting considerations
Compatability Presentation Slides PDF (12 pages, 256KB)
Start-Ups Presentation Slides (37 pages, 486KB)
OMSNIC Presentation Slide (15 pages, 435KB)
Session Coordinator: Wanda Jong, Managing Member, Alliance Captive Insurance Services, LLC
Panelists: Chad Karls FCAS, MAAA, Principal and Consulting Actuary, Milliman, Inc.: Joseph Shimenti, President, Consensus Management Corporation: Kenneth Ludwig, President and CEO or OMS National Insurance Company RRG (OMSNIC)
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| 11:30 to 11:45 am |
Break |
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11:45 a.m. to
12:30 p.m.
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Medical Malpractice Reinsurance and its Values
This session will offer an overview of the reinsurance market specific to med mal RRGs. Noted reinsurance intermediaries well practiced in structuring reinsurance agreements for RRGs will discuss various transactions and the benefits (and possible costs) of such structures. All participants will reveal some "added values" that RRGs might seek from their reinsurance relationships.
Presentation Slides PDF (5 pages, 522KB)
Gary Schneidmiller Comments PDF (4 pages, 128KB)
Session Coordinator: Peter Hunter, VP in Specialty Markets Division, Munich Reinsurance America, Inc.
Panelists: Christopher Kramer, Senior Vice President, Roundstone Management, Ltd.: Gary Schneidmiller, MA, CEO, Praesidium Alliance Group, LLC
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| 12:30 to 1:30 p.m. |
Networking Luncheon |
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1:30 to 2:45 p.m.
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Building Good Corporate Governance Practices
This presentation will focus on different approaches to building a solid and practical governance infrastructure. Two self managed RRG CEOs will take you through the practical aspects and pitfalls of building good governance practices. In essence, this session will discuss how to have all RRG moving parts go in the same direction, it can be done.
Presentation Slides PDF (15 pages, 91KB)
Session Coordinator: Gloria Everett, President/CEO, MedAmerica Mutual RRG
Panelists: Gerald Yoshida, Director & Officer, Char Hamilton Campbell & Yoshida: Tim Padovese, President/CEO, Ophthalmic Mutual Insurance Company, RRG: Mark Burnheimer, Director, Vice-President and Secretary of National Guardian Risk Retention Group, Inc. (“NGRRG”) and its sister captive, Emergency Consultants Reinsurance Corporation.
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2:45 to 3:00 p.m.
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Break
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3:00 to 5:00 p.m.
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Clearing the Regulatory Hurdles for Medical Malpractice RRG
This panel discussion will cover issues of domiciliary and non-domiciliary state regulation. The perspective of regulators and counsel for individual med mal RRGS and the RRG industry will be represented. We will cover issues specific to medical malpractice, such as, claims, underwriting, and loss prevention reporting; financial responsibility laws and their impact on RRGs' ability to write health care practitioners and entities; and hurdles to RRG insureds' participation in state patient compensation or premium assistance funds.
Cover Sheet with Resources PDF (1 page, 25KB)
Presentation Slides PDF (20 pages, 219KB)
Case Law Handout PDF (13 pages, 96KB)
State Law Reporting Handout (3 pages, 38KB)
NRRA New York Testimony (5 pages, 542KB)
Session Coordinator: Kim Wittchow, Staff Attorney, Ophthalmic Mutual Insurance Co. (RRG)
Panelists: Craig Watanabe, Captive Insurance Administrator, State of Hawaii: Jeff Johnson, Shareholder & Director, Primmer Eggleston & Cramer: Robert "Skip" Myers Jr., Paul Weber, VP Risk Management/Legal, Ophthalmic Mutual Insurance Company
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5:00 to 6:30 p.m.
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Opening Reception for Annual Conference, sponsored by Johnson Lambert & Company
All Seminar participants are invited and encouraged to attend this reception.
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| WEDNESDAY, SEPTEMBER 26 |
5:00 - 6:30 p.m.
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Opening Reception, sponsored by Johnson Lambert & Company
(Reception times are early to allow for post-reception dinners.
Please plan for dinners to occur after the reception.) |
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| THURSDAY, SEPTEMBER 27 |
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7:30 - 8:30 a.m.
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Networking Breakfast
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| 8:30 - 9:15 a.m. |
Board Chair's Welcome, Annual Meeting of Members and General Counsel's Report. |
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| 9:15 - 10:15 a.m. |
Federal Charter
INSURANCE MODERNIZATION / Optional Federal Charter and Other Bills and Discussions : This session will offer an overview of the Optional Federal Charter movement including a review of current proposals and the views of the parties for and against such a charter. Additionally, there will be discussion about other activity on the Federal level related to insurance modernization including but not limited to the Nonadmitted and Reinsurance Reform Act ("Surplus Lines Bill" ) and the Insurance Industry Competition Act ( a movement to repeal McCarran -Ferguson)
No materials have been submitted for posting to the website.
Session Coordinator: Rebecca Smart, corporate secretary and legal counsel, Lenders Protection Assurance Company, RRG
Speaker: Kevin McKechnie, ABA HAS Council, American Bankers Insurance Association and ABA Securities Association
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| 10:15 - 10:30 a.m. |
Break
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| 10:30 - 11:45 a.m. |
Exit Strategies in a Soft Market
When a captive or RRG dissolves, there are multiple “divorce issues" that ensue and it is crucial that strong preparations are made to prevent unnecessary complications. The seminar will explore the issues that arise not only from the dissolution of the RRG/captive and insured relationship, most notably the return of capital, but also the problems that captives specifically face when ending their fronting relationships .Members of the panel will give perspectives on these concerns from their multiple angles of expertise - sharing their first-hand war stories and the lessons they have learned from successes and missteps.
Presentation Slides PDF (12 pages, 203KB)
Session Coordinator: Michael Walsch, CFA, Brown Brothers Harriman
Panelists: Michael Walsch, CFA, Brown Brothers Harriman, Robert "Skip" Myers, Jr, Ann Wick, CPA, President, Strategic Risk Solutions (ARIZONA), Inc., Raymond Rocchio, Jr., Assistant VP of Risk Management Services, PMA Insurance Group
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11:45 a.m -
1:00 p.m. |
Networking Luncheon
Sponsored by the State of Vermont and the Vermont Captive Insurance Association
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| 1:00 to 2:15 p.m. |
Accounting Update - COSO Regulations & Internal Controls
The session will provide insight into the latest accounting and tax issues affecting RRG's . The presenters will explore new regulations and auditing standards effective for 2007, with a focus on how these changes may affect management's preparation for the annual audit and insurance department financial examinations. The presentation will also address other insurance “hot topics” such as reinsurance accounting.
Presentation Slides PDF (11 pages, 187KB)
Understand Internal Control Handout PDF ( 8 pages, 211KB)
Session Coordinator: Sarah McConnell, Manager, Johnson Lambert & Co.
Speaker: Joshua Keene, CPA, Principal, Johnson Lambert & Co.
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| 2:15 to 2:30 p.m. |
Break |
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| 2:30 to 3:45 p.m. |
Reinsurance Survival in a Soft Market
This session will summarize the current reinsurance market for RRGs, youthful and otherwise. Participants will detail intermediary and reinsurers' strategies to manage soft market conditions. Participants will offer some capital reinsurance ideas based on the synergies generated by the RRG/ reinsurance relationship.
Presentation Slides PDF (4 pages, 675KB)
Gerardi Presentation Slides PDF (18 pages, 1,026KB)
US PL Markets 2006 Slides PDF (3 pages, 214KB)
Session Coordinator: Peter Hunter, VP in Specialty Markets Division, Munich Reinsurance America, Inc.
Panelists: William Reddington, CPCU, Senior VP, Munich Reinsurance America, Inc.: Michael Gerardi, MD, FAAP, FACEP, President, Superior Insurance Co., RRG |
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| 3:45 to 5:00 p.m. |
Fronting an RRG
Fronting is not a term you normally hear with RRG’s. This session will discuss when and how it may be appropriate (1) to put a front ahead of a RRG and (2) when a RRG can be used to “front” (with an appropriate retention) for a second captive.
Presentation Slides PDF (8 pages, 701KB
Session Coordinator: Gary Osborne, President, USARisk Group
Panelists: Kevin Doherty, Attorney, Bur & forman, LLP |
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| 5:30 to 7:00 p.m. |
Networking Reception Sponsored by BMS
This reception will include a 20th Anniversary cake cutting ceremony with special recognition of NRRA past leadership.
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| FRIDAY, SEPTEMBER 28 |
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| 7:30 to 8:30 a.m. |
Networking Breakfast |
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| 8:30 to 9:30 a.m. |
Ethics in today’s environment for Executives and Officers
In an ever-changing world, codes of conduct, independence standards, audit committee responsibilities, conflict of interest policies and other governance protocols for directors and officers of RRGs are evolving. The NAIC, the IRS and other regulatory agencies are now expecting written ethics policies and compliance with them. This panel will include discussion by a CEO of a risk retention group of how his company developed a code of conduct and will include comment from an auditor and lawyer who work regularly with RRGs on how to make them work effectively for your risk retention group.
Presentation Slides PDF (4 pages, 21KB)
Session Coordinator: Kathleen Davis, Principal, Downs Rachlin Martin PLLC
Panelists: Glenn Saslow, Partner, Saslow Lufkin & Buggy, LLP: Dan LaBrie, President & CEO, Housing Authority Insurance Group
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| 9:30 to 10:45 a.m. |
Regulator Panel
Featuring a panel of regulatory experts who will provide updates on the NAIC RRG Working Group and Task Force activities, determinations related to the GAO report, federal and state legislative activities impacting risk retention groups, and any other special issues related to risk retention groups.
Presentation Slides PDF (3 pages, 20KB)
Session Coordinators: Wendy S. Fisher, ARM - NRRA Director and Government Affairs Committee Chair Corporate Secretary Regulatory and Business Affairs National Home Insurance Company (A Risk Retention Group) Residential Insurance Company, Inc., A Risk Retention Groupand Robert "Skip" Myers, Jr., Managing Partner, Washington DC office, Morris, Manning & Martin, LLP
Panelists: Dana Sheppard, Associate Commissioner, District of Columbia Department of Insurance, Securities and Banking: Craig Watanabe, Captive Insurance Administrator, State of Hawaii: Jeffrey K. Kehler, Program Manager, South Carolina Department of Insurance: Peter Raymond, Director of Financial Examinations, Vermont Captive Insurance Division, Rod Morris, Bill White, Administrator, Captive Insurance Program, Delaware Department of Insurance, Gary Cooper, Deputy Commissioner of Captive Programs for the State of Nevada Department of Insurance.
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| 10:45 to 11:00 a.m. |
Break |
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| 11:00 a.m. - 12:30 p.m. |
Regulatory Town Hall Meeting
Featuring a panel of regulators from several of the captive domiciles, who will provide insight from their perspective on the latest trends and issues facing risk retention groups, including their views on NAIC activities and federal charter initiatives, along with updates from each of their domiciles.
No materials have been submitted for posting to the website.
Moderators: Wendy S. Fisher, ARM - NRRA Director and Government Affairs Committee Chair Corporate Secretary Regulatory and Business Affairs National Home Insurance Company (A Risk Retention Group) Residential Insurance Company, Inc., A Risk Retention Group and Robert "Skip" Myers, Jr., Managing Partner, Washington DC office, Morris, Manning & Martin, LLP
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| 12:30 to 1:30 p.m. |
Networking Luncheon |
NRRA Members Receive the Lowest Registration Rate!!
*Please note: discounted rates for multiple registrations from the same company apply to NRRA Members only. All registrants must be employees of the same company.
Click here for membership information
| Registration Type |
Registering Before Aug. 24 |
Registering After Aug. 24 |
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| NRRA Member |
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Med Mal Seminar
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$275 for first registrant
$200 for additional registrants* |
$325 for first registrant
$225 for additional registrants* |
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Annual Conference
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$850 for first registrant
$600 for additional registrants*
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$950 for first registrant
$700 for additional registrants*
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Both Programs
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$1,000 for first registrant
$700 for additional registrants* |
$1,150 for first registrant
$825 for additional registrants* |
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RRG, PG or Captive
Non-Member |
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Med Mal Seminar
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$325 per registrant |
$400 per registrant |
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Annual Conference
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$1.050 per registrant |
$1,175 per registrant |
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Both Programs
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$1,225 per registrant |
$1,400 per registrant |
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Service Provider
Non-Member |
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Med Mal Seminar
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$650 per registrant |
$650 per registrant |
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Annual Conference
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$1,500 per registrant |
$1,500 per registrant |
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Both Programs
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$2,150 per registrant |
$2,150 oer registrant |
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| Domicile Regulator |
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Med Mal Seminar
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$100 per registrant |
$100 per registrant |
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Annual Conference
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$300 per registrant |
$300 per registrant |
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Both Programs
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$350 per registrant |
$350 per registrant |
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Viewing Materials Posted On This Page
In order to view some of the items that will be posted on this page you will need Adobe Adobe Acrobat or Adobe Acrobat Reader, Microsoft PowerPoint or Microsoft PowerPoint Viewer. We have provide the links below which will take you to web sites where you can get free downloads of Adobe Acrobat Reader and Microsoft PowerPoint Veiwer should your computer not already have any of these programs.
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