The dates to set aside for this year's Luxembourg Rendez-vous, which takes place at the Centre Européen, Luxembourg-Kirchberg, are 3-4 June.
Organised by SINSER and the Risk & Insurance Research Group Ltd, the sixth biennial meeting will be celebrating its tenth anniversary. To mark this occasion, SINSER/RIRG are introducing a new half day seminar dealing with captive basics which will precede the main event.
The opening ceremony for the main event has none other than His Royal Highness, Crown Prince Henry of Luxembourg attending. Mats Lindkvist, SINSER Holding's chief executive officer, and Victor Rod, Luxembourg's insurance commissioner, will provide the welcome to the conference.
Chairman Bernhard Fink, chief executive officer of ERC Frankona, will then provide the introduction, followed by Jean-Claude Juncker, the Prime Minister of Luxembourg, who will present the opening address.
The keynote speech for the day, entitled, "Accessing New Risk Financing Capital for Catastrophe Exposures - The Capital Markets, Insurance Derivatives and Risk Securitisation," comes courtesy of Les Boughner, senior vice president of American International Group.
After a refreshment break and exhibition viewing, the first of two sessions follows. "Must The Captive Stay Where It Is?" is the title of this session which sees a panel debate analysing the advantages and disadvantages of relocating a captive. The position paper is presented by Jim Boyd, managing director, Willis Corroon, Isle of Man, and the panel includes Steve Butterworth, director of insurance, Guernsey Financial Services Commission, and Malcolm Finney, head of international and domestic tax, Nabarro Nathanson, UK.
Lunch intervenes as does another exhibition viewing, after which session two commences, entitled "Auditing and Outsourcing". Geoffrey Godding, partner, business risk consulting, Ernst & Young, UK, is first up with his presentation on the role of audit functions in risk management and risk financing programmes. A panel debate follows discussing the issue of obtaining value from outsourcing in corporate risk management and risk financing. The position paper is presented by Tim Windibank, director, Watson Wyatt Partners, UK, and the panel is made up of Christian Dinesen, director, RIRG, UK, Thomas Wittbjer, managing director, SINSER (International), Luxembourg, and Christer Magnusson, risk manager, Posten Reinsurance, Sweden.
Lloyd's of London chairman, Max Taylor kicks off day two with a keynote speech on the future role of Lloyd's in working with captives and multinational insurance programmes.
Following that is a forum debate where the house contends that the insurance market is not keeping up to date with risk management developments. Derek Brighton, head of group insurance and risk management department, Reed Elsevier, UK, is for and Tileman Fischer, senior executive manager, Allianz, Australia, is against.
After a refreshment break and exhibition viewing, Robert J. Cooney, president and chief operating officer, X.L. Insurance Co Ltd, Bermuda, tackles the topic, "Multi-line/multi-year Protection for Both Insurable and Other Corporate Risks - Is It Possible?"
Before lunch, the question of whether European liberalisation has achieved significant benefits for buyers is under debate. Andrew Tunnicliffe, associate director, Sedgwick Risk Consulting, UK, provides the position paper and the panel is made up of Katherine Coates, partner, Clifford Chance, UK, Olaf Kastner, director, Colonia Nordstern, Germany, and Guy Lallour, manager international industrial risks division, AGF, France.
Lunch is followed by another panel debate concerning the development of a captive's potential. The position paper is presented by Paul Bawcutt, managing director, RIRG, UK, and the panel consists of Hugh Rosenbaum, principal, Tillinghast, UK, Bo Goran Perssön, deputy managing director, SINSER AB, Sweden, Alastair Nicoll, director, Aon Risk Consultants, UK, and Hugh O'Neill, risk manager, DHL Worldwide Express, Belgium.
Mr Bawcutt provides the conference's closing address.
Valerie Denney is co-editor of this publication.