ACE Limited (NYSE:ACE) in conjunction with the John R. Cox /ACE Chair in Insurance and Risk Management at St John's University will present Concept Meets Practice at the Bermuda College on Friday May 31, 2002 from 9.30am-12noon.
Concept Meets Practice is an educational event designed to advance general knowledge about insurance and reinsurance in the Bermuda community. The inaugural symposium will focus on the insurance industry's survival after the events of September 11, 2001 and how the view of extreme risk and its management has changed.
A panel of experts from academic and insurance industry environments will examine the sources of extreme risk, their potential impact and how such risk should be quantified and managed. The panel will then address the role of the reinsurance sector in assuming extreme risk, whether a fair risk transfer from the primary insurance sector is achievable and at what point Government intervention is appropriate.
Participating academic experts will be: Dr Nejdet Delener, Associate Dean for Academic Affairs & Research at the Peter J Tobin College of Business at St John's University; Dr Howard Kunreuther, Co-Director of the Centre for Risk Management & Decision Processes at the Wharton School of Business, University of Pennsylvania, and; Dr Michael Powers, Director of the Advanta Centre for Financial Services Studies at the Fox School of Business & Management, Temple University.
ACE Tempest Re, sponsors of this year's symposium, will be providing the insurance industry content experts. They are: Sean Ringsted, Co-President & Chief Operating Officer, ACE Tempest Re; Chris McKeown, Co-President & Chief Operating Officer, ACE Tempest Re, and Patrick Mitchell, Group Reinsurance Officer, ACE Limited.
The aim of the Concept Meets Practice symposium is to provide a forum for open debate on current reinsurance issues and to enhance general knowledge in the Bermuda business community about insurance and reinsurance practice. A position paper on the key conclusions of the symposium will be published.
The invited audience will include Government ministers, VIPs and representatives from academic institutions, the insurance industry and the Bermuda business community as well as the media.
The ACE Group of Companies provides insurance and reinsurance for a diverse group of clients. The ACE Group conducts its business on a global basis with operating subsidiaries in nearly 50 countries. Additional information can be found at: www.acelimited.com.