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| News The Under 35s Reinsurance Group Educational Trip 2010 North America "The Earth, Wind and Fire Tour" The 2010 Under 35s Reinsurance Group Educational Trip is delighted to announce that it will be returning to the US after six years. The two week trip is set to take place in July 2010, beginning on the East Coast and ending on the West Coast, stopping in five cities that particularly influence the US insurance and reinsurance industry: New York - Boston - Houston - Los Angeles - San Francisco The trip begins in New York, arguably the financial and litigation capital of the world. At a time when the financial sector is finding it hard to re-finance itself, we will explore the effect of this lack of capital on the insurance industry. We will also be considering the exposures arising from a possible "new era of expansion of tort liability" arising from, in particular, financially distressed plaintiffs. The next stop will be Boston, a hub of the East Coast insurance market and one of the oldest cities in the US. Houston, Texas marks the middle of the trip. Not only is it the landfall point of the last major Hurricane (Ike) in 2008 where we will see first-hand the lessons learnt from the storm, but it is also the home of the US Energy sector. As we move to the West Coast, Los Angeles provides the perfect base to learn more about the perils of earthquake and wildfire, a recent "hot topic" for the market. The trip will conclude in San Francisco where we will visit, amongst others, one of the market leaders in providing catastrophe risk management products, services and expertise. The Under 35s Committee is confident that these destinations will provide delegates with the opportunity of a diverse trip offering an insight into an established but ever-changing market. Travel arrangements and meetings will be advised nearer the time. All risk visits and discussions are intended to be relevant to the varied backgrounds of our delegates. We shall be meeting with a number of major insurance and reinsurance companies, risk modelling agencies, law firms, ratings agencies and market bodies. The trip will also include some risk visits in order to gain an enhanced understanding of the original risks. An early estimate of the overall trip cost is approximately 6,000 pounds. This will include all flights, hotels, transfers, organised events and some meals, but excludes all personal expenditure. Travel insurance is to be arranged independently. Should you wish to apply for a place on the trip for a member of your organisation then please contact the undersigned as soon as possible (as demand for places is expected to be high) who will provide you with an application form. A deposit of 1,500pounds will be payable to the Under 35s Reinsurance Group. Once a delegate is accepted, the deposit is non-refundable in the event that the delegate cannot be replaced. The Under 35s encourages delegates from all corners of the reinsurance industry including brokers, underwriters, risk managers and claims handlers. However, should the trip be over-subscribed, we reserve the right to select candidates according to our own criteria. If an application is unsuccessful then the deposit will, of course, be refunded. We look forward to receiving your application as soon as possible. Meanwhile if you have any queries, please do not hesitate to contact the undersigned. Vicky Baxter Trip Leader U35s Reinsurance Group - Officer for Training & Education Property Treaty Class Underwriter - Novae Syndicates 71 Fenchurch Street, London, EC3M 4HH 0207 903 7661 vbaxter@novae.com Bhavik Patel West Coast Tel: 020 7984 8984 bhavik.patel@britinsurance.com Nathan Carrington East Coast Tel: 020 7505 7231 nathan.carrington@aonbenfield.com |
