D&O Liability Insurance

To register call +44 (0) 20 7878 6888 or register online at www.C5-Online.com/xxxxxxxxxxxxxx

To register call +44 (0) 20 7878 6888 or register online at www.C5-Online.com/Directors

Business Information In A Global Context Media Partners Associate Sponsor Julian Callow Managing Director/Head of International Economics and Co-Head of European Economics, Barclays Capital

John Windsor

Head of Insurance, Marks & Spencer

Lars Gaute Østebø

Head of Captive and Corporate Insurance, Corporate Risk Management, Statoil ASA

Matthew McEwan

Director, Risk Management, Coca Cola Enterprises

Didier Vidal

Corporate Risk Manager, Alcatel Lucent

“The C5 D&O conference is “the place to be” ….For sure, one

of the events of the year that cannot be missed ”

Guillaume Deschamps, Senior Vice President, FINPRO Deputy Director, Continental Europe, D&O Practice Leader, Marsh (Delegate, 2011)

21st Forum on

D&O Liability

Insurance

Latest Underwriting, Claims and Coverage Strategies for Minimising Risk,

Growing Your Business and Meeting Insurance Buyers’ Needs

Zurich General Insurance Chartis

Beazley Group Munich Re Swiss Re

Zurich Financial Services ACE European Group ACE Bermuda QBE XL Insurance Company Aviva plc Marsh FINPRO FINEX, Willis Aon

Oakbridge Insurance Services Hartford Financial Products International

AXIS Specialty London Travelers Insurance Company Aon Global Insurance Brokers India (Pvt) Limited

Marsh Insurance Brokers ZAO

Hear from Insurance industry experts, including: Established amongst industry professionals as the premier D&O Liability Insurance event in the European calendar, the 2012 London edition is your opportunity to extend your mastery on:

• European Sovereign Debt: How can insurers maintain profi tability during the crisis?

• The latest claims and notifi cations developments across the UK, Europe, Australia and Canada: adjust your policy structures to refl ect looming threats

• How to optimise coverage of D&O criminal and regulatory investigations claims: the 3 things you need to watch for

• How are leading insurers meeting the challenge of covering fi nes, penalties and defence costs?

• Reviewing your US exposures in the face of new threats: how to factor in the Dodd Frank Act, FCIA enforcement actions and how other key developments across the pond

• How can D&Os and their insurers safeguard against the rising tide of European class actions?

• How to capitalise on emerging D&O opportunities and overcome challenges when doing business in China, S.Korea, India, Brazil and Russia

EARLY-RISER WORKSHOP

No need to take extra time out of the offi ce!

The Most Contentious D&O Insurance Issues in 2011 and How They Should be Refl ected in Your Insurance Policy Structures and Wording in 2012 and Beyond

27 – 28 March 2012 | Grange Tower Bridge Hotel, London, UK

PLUS! Buy-side perspectives from:

Buy-side insights fr om a cr oss-industr y selection of client speakers. P

lus a limited number of complimentar

y seats for insurance buy

ers and r

isk managers

Up to 14.25

CPD

GLOBAL SPONSORSHIP OPPORTUNITIES

C5 Group, works closely with sponsors to create the perfect business development solution catered exclusively to the needs of any practice group, business line or corporation. With over 500 conferences held in Europe, Russia and the CIS, China, India, the US and Canada, C5, ACI and CI provide a diverse portfolio of fi rst-class events tailored to the senior level executive.

For more information about this program or our global portfolio, please contact: Dan Capel on +44 (0)20 7878 6870

or email d.capel@C5-Online.com

“Previously thought a luxury of large companies, D&O liability insurance in Europe is primed

for robust growth across companies of all sizes, as it is increasingly viewed as essential? ”

(Advisen Report, 2011)

WHO SHOULD ATTEND

C5’s 21st D&O Liability Insurance is a must for: • D&O Insurance Underwriters

• Brokers

• Claims Personnel • Reinsurers • Product Leaders

• Insurance buyers, risk managers, compliance personnel and in-house lawyers

• Insurance/reinsurance lawyers in private practice

The combined effect of the 2008 global recession and current economic pressures have ensured that Directors and Offi cers remain a focal point for both regulatory and shareholder scrutiny. With European Courts proving ever more receptive to group actions and increasingly proactive enforcement authorities stepping up investigations in a number of spheres including securities, anti-corruption and anti-trust, D&Os are more exposed than ever and may incur considerable costs in defending themselves, even when they feel the allegations are unfounded.

It is therefore critical that D&O insurers anticipate the challenges looming on the horizon and take immediate mitigatory steps to avoid potentially extensive losses. At the same time, there are profi ts to be made - the insurance industry must exploit the opportunity to meet growing and emerging coverage needs across a number of jurisdictions and carve out an edge for themselves in today’s highly competitive market.

Every Spring, over 100 underwriters and brokers, together with expert advisors, attend C5’s D&O Liability Insurance event in London. Now in its 21st edition, this conference is fi rmly established as THE essential industry gathering for anyone working in D&O insurance.

Like hundreds of D&O professionals before you, attending this conference will ensure you are:

❯ Up to the minute on D&O insurance industry developments in the UK, US, Europe and beyond, as well as macro-economic and legal issues affecting D&O insurance

❯ Equipped to exploit the latest trends and statistics and market best practices for maximising profi ts

❯ Geared to capitalise on growth opportunities in emerging markets

❯ On top of claims trends world over whilst adapting your policies and client procedures to minimise exposures

❯ Ahead of the game by benchmarking your practices and policies against your competitors

Be sure to also attend the practically focused and interactive early-riser workshop. The Most Contentious D&O Insurance Issues in 2011 and How They Should be

Refl ected in Your Insurance Policy Structures and Wording in 2012 and Beyond 28th March 2012 | 8.00–10.15 a.m

There is no other event in Europe that focuses exclusively on D&O Liability Insurance. So don’t miss this unparalleled opportunity to meet, hear from and share ideas with those at the forefront of your industry.

Book your place today, by calling us on +44 (0) 20 7878 6888, faxing your registration form to +44 (0) 20 7878 6885 or registering online at www.C5-Online.com/Directors

To register call +44 (0) 20 7878 6888 OR fax +44 (0) 20 7878 6885

Conference Co-Chairs

Chris Magee

Managing Director, Hartford Financial Products International Limited

Glaucia Asvolinsque D. de Faria Smithson

Chief Underwriting Offi cer, Commercial Executive Risks Europe Zurich General Insurance

Julian Callow

Managing Director/Head of International Economics and Co-Head of

European Economics, Barclays Capital

John Windsor

Head of Insurance, Marks & Spencer

Lars Gaute Østebø

Head of Captive and Corporate Insurance, Corporate Risk Management,

Statoil ASA

Matthew McEwan

Director, Risk Management, Coca Cola Enterprises

Didier Vidal

Corporate Risk Manager, Alcatel Lucent

Kevin LaCroix

Partner,

Oakbridge Insurance Services

Stephanie P Manson

Claims Advocate,

UK FSG Legal & Claims Practice

Francis Keane

Executive Director FINEX, Willis

Christoph Leuzinger

Global Deputy Chief Underwriter, Management Liability,

Zurich General Insurance

Mark Baily

Head of Financial Lines Claims, Ace European Group

Michael Rieger-Goroncy

International Large Risks, Underwriter, Specialty Lines, Beazley Group

Elisabeth Spann

Head of Financial Lines, Global Clients/ North America,

Casualty Facultative, Munich Re

Marcel Fischer

Senior Underwriter, Facultative Casualty/ Vice President - Europe, Middle East & Africa, Swiss Reinsurance Company Ltd

Geraud Verhille

European Commercial D&O and Crime Manager, Chartis

Nepomuk Loesti

European Financial Institutions, Underwriting Manager, Chartis

Suresh Ellawala

Professional & Financial Lines, QBE

Cristiana Báez-Safa

Chief Underwriting Offi cer

Commercial Risks, International Professional XL Insurance Company Limited

Guillaume Deschamps

FINPRO CEMEA D&O Practice Leader, Marsh S.A., Continental Europe, D&O Practice Leader, Marsh

Dax Gulmohamed

Executive Vice President, AXIS Specialty London

Nick Allen

Management Liability Product Manager, Travelers Insurance Company Limited

Carsten Keune

Chief Underwriting Offi cer Professional Emerging Markets

XL Insurance Company Ltd

Uttara Viad

COO & Executive Director,

Aon Global Insurance Brokers (Pvt) Limited

Vladimir Kryuchkov

Senior Vice President, Finpro Practice Leader, Marsh Insurance Brokers ZAO

David Gutteridge

Vice President, ACE Bermuda

Matthew Doherty

Underwriting Manager, Arch Insurance Europe

John Batch

Senior Vice President, D&O Product Leader, FINPRO CEMEA

Douglas Robare

Head of Financial and Professional Lines, Aviva plc

Distinguished Speakers

Agenda at a glance

Conference Day One: 27 March 2012

8.30 Registration and Coffee 9.00 Chairman’s Opening Remarks

9.15 How to Find Profi ts in a Challenging D&O Insurance Market: Your Guide to the Next 12 Months

10.30 Morning Refreshments

10.45 European Sovereign Debt: How Can D&O Insurers Maintain Profi tability During the Crisis?

Part 1 – Macroeconomic analysis Part 2 – D&O insurance analysis

12.15 What is the Potential for Claims Arising From Action Against D&Os Under Anti-Corruption Legislation in the UK, US and Beyond?

1.00 Networking Lunch

2.00 Claims Flowing from Criminal and Regulatory Investigations and Coverage of Fines, Penalties and Defence Costs:

Experience to Date, What to Cover and What to Exclude

3.00 Afternoon Refreshments

3.15 Ensuring Your Policies Can Withstand the Latest US D&O Legislative, Case Law and Enforcement Developments 4.00 UK and European D&O Claims, Settlements, Class Actions

and Other Litigation: How to Factor the Latest Developments into Your D&O Insurance Strategy

Part 1 – Claims update

Part 2 – European class actions and other litigation

Part 3 – Australia, Canada and other D&O Claims hotspots 5.30 Conference Adjourns

Conference Day Two: 28 March 2012

8.00 Early Riser Workshop: The Most Contentious D&O Insurance Issues in 2011 and How They Should be Refl ected in Your Insurance Policy Structures and Wording in 2012

and Beyond

10.00 Morning Refreshments 10.15 Workshop Ends

10.20 Chairman’s Opening Remarks

10.30 What Current Exposures Are Keeping D&Os and Risk Managers Awake at Night and What Solutions Are Being Sought by Their Insurance Buyers?

11.30 The Key Policy Amendments and Coverage Issues You Need to Be Aware of to Provide Profi table Coverage in a

Turbulent Market

12.30 Networking Lunch

1.30 How to Take Advantage of D&O Opportunities in Emerging Markets: China, India, Brazil and Russia

3.30 Afternoon Refreshments

3.45 How to prepare for a Potential Rise in Corporate Insolvency – and What That Means for Your Business

4.45 Reinsurance Market Leaders’ Perspective on Current Market Conditions and Strategies for Risk Minimisation

5.30 Chairman’s Closing Remarks and End of Conference Very practical and up to date information, as usual

Remi Passemard, Partner, Bouckaert Ormen Passemard Sportes (Delegate, 2011)

To register call +44 (0) 20 7878 6888 OR fax +44 (0) 20 7878 6885

DAY

1, TUESDAY, 27 MARCH 2012

8.30

Registration and Coffee

9.00

Conference Co-Chair’s Opening Remarks

Chris Magee, Managing Director,

Hartford Financial Products International Limited

9.15

How to Find Profi ts in a Challenging D&O

Insurance Market: Your Guide to the Next

12 Months

Christoph Leuzinger, Global Deputy Chief Underwriter, Management Liability, Zurich General Insurance Geraud Verhille, European Commercial D&O and Crime Manager, Chartis

Mark Baily, Head of Financial Lines Claims, Ace European Group

Michael Rieger-Goroncy, International Large Risks Underwriter, Specialty Lines, Beazley Group Enrico Nanni, Managing Director, Aon

• What are the macro trends affecting the D&O market? • Where are the main global exposures?

• How much D&O capacity is there in the market currently? What changes are expected in the coming 12 months? • What are the main areas of growth? Where are insurers

seeing opportunities to get an edge over competitors? - to what extent is there a market for transactional liability

products, given mergers are expected to increase? - where has D&O cover been deemed mandatory

or prescribed as best practice?

• What emerging risks must the market factor in? - to what extent are D&Os likely to be targets for losses

stemming from the sovereign debt crisis? - losses caused by rogue traders at banks: what are

shareholders doing by way of taking against offi cers responsible?

- how has the market reacted to such emerging risks and what migratory steps are being taken right now? • Pricing trends: are rates refl ective of risks?

• Overview of recent D&O purchasing: what products are clients buying and where does Excess cover come in? • How much broader will or should coverage become? What

are the implications of ever-broadening of primary coverage? • New products and extensions

• Availability of reinsurance and terms

• Opportunities for profi t, loss drivers and D&O insurance developments in SMEs, large accounts and fi nancial institutions

- claim trends

- claims from privately held vs listed companies - pricing developments

- P&L dynamics

- acquisition and transactions costs - innovation

• What factors are most important to brokers when deciding which insures to work with

- pricing - coverage - ratings

- fi nancial security - new products capacity

- internal resources, including for claims handling 10.30

Morning Refreshments

10.45

European Sovereign Debt: How Can D&O

Insurers Maintain Profi tability During the Crisis?

Part 1 – Macroeconomic analysis

Julian Callow, Managing Director/Head of International Economics and Co-Head of European Economics, Barclays Capital

• How is the 2008 economic crisis different from the current situation?

• How is economic growth being impaired? How are on-going economic conditions impacting on business? • Who is most signifi cantly impacted by sovereign debt

exposure and what is the wider impact

• To what extent do entities exposed to sovereign debt also have US exposure?

• Outlook for the coming 12-18 months Part 2 – Impact on D&O insurance

Geraud Verhille, European Commercial D&O and Crime Manager, Chartis

Nepomuk Loesti, European Financial Institutions Underwriting, Manager, Chartis

• Impact on the fi nancial institutions D&O

- what were the main insurance implications of the 2008 vs current crisis? What is different today?

- how does the performance of insurance products in 2008 compare with their current response to economic conditions?

- varying impact for banks, assets managers, insurance companies and other players

- claims experience so far and potential claims scenarios • Impact on the commercial companies D&O

- most impacted industry sectors from an insurance perspective

- recession related claims scenarios and experience • US exposure for both fi nancial institutions and

commercial products/lines in 2008 vs projected exposures in the coming months

• Assessing likely impact on insurers’ profi tability

12.15

What is the Potential for Claims Arising From

Actions Against D&Os Under Anti-Corruption

Legislation in the UK, US and Beyond?

Vivian Robinson QC, Partner, McGuireWoods London LLP/Formerly General Counsel, the Serious Fraud Offi ce (SFO),

Suresh Ellawala, Professional & Financial Lines, QBE • Recent prosecutions and enforcement priorities under

the FCPA

• The UK Bribery Act in practice: early complaints, investigations and prosecutions

• Understanding the full scope of the law: what offences by D&Os will qualify for scrutiny under key bribery/anti-corruption legislation and as interpreted by the relevant authorities?

• Ascertaining the full territorial reach of the acts beyond the US and UK: when will your clients in other jurisdictions be impacted and how?

• 8 out of 10 largest recent FCPA fi nes are related to UK or European companies: how is this refl ected in D&O claims?

• What provisions should insurers insist on to limit their own exposures viz. the individual D&Os/the business entity? What questions must insurers ask their insureds?

Fax order form to +44 (0) 20 7878 6885 or register online at www.C5-Online.com/Directors

2.00

Claims Flowing from Criminal and Regulatory

Investigations and Coverage of Fines, Penalties

and Defence Costs: Experience to Date, What to

Cover and What to Exclude

Cristiana Báez-Safa, Chief Underwriting Offi cer Commercial Risks, International Professional XL Insurance Company Limited

Guillaume Deschamps, FINPRO CEMEA D&O Practice Leader, Marsh S.A., Continental Europe D&O Practice Leader, Marsh

Dr Alexander Mahnke, CEO Insurance, Siemens Financial Services, GmbH

• In which areas are investigations against D&Os especially prevalent and which authorities are the most proactive? - securities exposures

- competition authorities - anti-corruption - money laundering

• How are investigation costs normally covered?

- formal regulatory investigations vs internal investigations - cover for civil fi nes and penalties?

- sub-limited cover?

• Current views on coverage for fi nes and penalties–Legally permissible/not permissible?

- UK and US approach

- varying approaches in different European countries • Defence costs: what costs are considered ”reasonable”?

Which standard prevails: “necessary”/“required”? • Challenges in providing effective cover and insurance

industry responses

- expanding current D&O policy to include it vs developing dedicated policies

- implications for shared limits/sub-limits - practical experience so far

• Recent examples of claims and policy responses 3.00

Afternoon Refreshments

3.15

Ensuring Your Policies Can Withstand the

Latest US D&O Legislative, Case Law and

Enforcement Developments

Kevin LaCroix, Partner, Oakbridge Insurance Services • Impact of the Morrison decision on securities litigation

Involving non-U.S. companies

• What was the rationale for even broader coverage seen in the past 12 months?

• D&O implications fl owing from the implementation of the Dodd Frank Act

• The impact of the new whistle-blower provisions: to what extent is this expected to result in a rise in shareholder litigation?

• Rise in SEC and other investigation claims and insurance coverage by the US market

• What implications fl ow for D&Os from the rising tide of FCIA enforcement actions against banks?

• Increase in M&A related litigation: frequency, severity and coverage Implications

• Emerging and future exposures

4.00

UK and European D&O Claims, Settlements,

Class Actions and Other Litigation: How to

Factor the Latest Developments into Your D&O

Insurance Strategy

Part 1 - Claims update

Stephanie P Manson, Claims Advocate, UK FSG Legal & Claims Practice

• Round up of key claims and notifi cations in the past 12-18 months

- nature and basis - how did the claims arise? - amounts involved

- how did the policy respond/what aspects didn’t and why? - what were the insurance buyer’s expectations? • What types of D&O behaviours have commonly led

to common claims?

• Threatened claims from the previous recession

- how many threatened fi nancial crisis claims have come to fruition?

- what is the rationale behind the relatively low proportion of recession claims to date in the UK and Europe? - why did cases such as the Northern Rock scenario

not result in the expected claims?

- can insurers feasibly expect this trend to be replicated in a further recession?

• What is the true potential for lenders’ claims as a second recession looms and what are the early claims indications? Part 2- Litigation update

Hans Londonck Sluijk, Partner, Houthoff Buruma • In which areas are D&Os most vulnerable going forward • Cases of note in Europe and potential implications

for D&O insurers

• European class actions: one-off or trend?

- Dutch group action system – cases so far and impact on D&Os

- Italian Intersa Sao Paulo case: on what basis was this class action approved and what is the likely impact on D&Os of the bank

- what are the wider implications of these decisions for European class actions?

- how can developments in the Netherlands and Italy be expected to drive demand for insurance cover amongst D&Os?

- to what have recent French decisions thwarted the potential for class actions against D&Os in France? Part 3 - Australia, Canada and other D&O claims hotspots Suresh Ellawala, Professional & Financial Lines, QBE • Class actions/securities class actions

• Litigation funding trends and correlation with class action trends

• Canadian dual traded companies: why are they so vulnerable to litigation?

• Other types of litigation against D&Os • The regulatory environment

• The oppression remedy; what is it, and what does it mean for boards of directors?

5.30

Conference Adjourns

Associate Sponsor

Holman Fenwick Willan is a leading insurance and reinsurance law fi rm. HFW advises on all the types of protection available under management liability policies including Directors and Offi cers liability (“D&O”), Employment Practices Liability (“EPL”) Corporate Legal liability insurances and Pension Trustees liability insurance (“PTL”). HFW advise on coverage issues and defend insureds against third party liabilities. HFW also advise on wordings and new products including the defi nition and scope of terms and exclusions. We can also draw on our Regulatory and Employment teams on related issues, where necessary.

To register call +44 (0) 20 7878 6888 OR fax +44 (0) 20 7878 6885

- what legislative changes are being monitored? - what directors’ duties are being highlighted by

shareholders currently?

• How have exposures changed in the past 6-12 months? • How do risk managers assess their exposure to sovereign

debt, what is the projected impact and what is being done to address adverse implications?

• What primary risk management measures are in place to address such risks?

• What are the cutting edge strategies corporate boards and risk managers have in place to protect their D&Os from liability?

• Who decides on insurance coverage needs? • What are the drivers for purchasing cover? • International programmes

- is there a rise in demand for international programmes amongst risk managers?

- what adjustments would buyers suggest to improve the process of implementing a multi-national programme? - are there any challenges in this area that the insurance

industry has not addressed?

• Risk exposures anticipated for the future and emerging gaps in coverage

11.30

The Key Policy Amendments and Coverage

Issues You Need to Be Aware of to Provide

Profi table Coverage in a Turbulent Market

Graham Denny, Solicitor, Holman Fenwick Willan Francis Keane, Executive Director FINEX, Willis Dax Gulmohamed, Executive Vice President, AXIS Specialty London

Nick Allen, Management Liability Product Manager, Travelers Insurance Company Limited

• Overview and analysis of key coverage issues arising in 2011 • How are D&O underwriters addressing potential losses

arising from current economic conditions?

- what adjustments are being make to policy wordings? - what exclusionary language is being used? Will

underwriters introduce exclusions akin to the

“deliberate corporate acts” and Ponzi scheme exclusions added during the previous crisis?

- will these changes result in changes to the actual coverage offered?

- are price buffers being built in?

• How will existing standard wordings respond to new pressures in the current climate? Which provisions are particularly vulnerable or inadequate?

• To what extent are risks stemming from broadening cover being redressed through wordings?

• Broker specifi c products: how do new wordings used in products by Willis, Marsh, JLT etc. differ from traditional products?

12.15

Networking Lunch

1.30

How to Take Advantage of D&O Opportunities

in Emerging Markets: China, India, Brazil and

Russia

Carsten Keune

Chief Underwriting Offi cer Professional Emerging Markets XL Insurance Company Ltd

Glaucia Asvolinsque D. de Faria Smithson Chief Underwriting Offi cer,

Commercial Executive Risks Europe Zurich General Insurance

Day , WEDNESDAY,  March 

Early Riser Workshop | . – . am

The Most Contentious D&O Insurance Issues in

2011 and How They Should be Refl ected in Your

Insurance Policy Structures and Wording in 2012

and Beyond

Douglas Robare

Head of Financial and Professional Lines, Aviva Plc Costas Frangeskides

Partner, Holman Fenwick Willan

Led by a seasoned industry insider and an experienced legal expert, this workshop will draw on some of the most contentious and complex D&O issues encountered by the workshop presenters. With reference to case studies and examples which regularly arise in the D&O arena and common wording scenarios, the workshop leaders will analyse the signifi cant coverage considerations each of those issues raise and guide participants on how these considerations should be refl ected in policy structures and wordings in the coming months. Topics for dicussion include: • Does your D&O insurance provide global cover? What

programme structures allow for optimal coverage?

• Do directors want their own ring-fenced insurance cover that will not be eroded by the companies’ claims? Why would they need that and how do you achieve that?

• Insuring clauses: what is the scope of the insurance offered? Does it cover all those risks you want it to cover?

• Current and emerging exclusion: how do these limit the cover? Is it too limited? What issues have recently arisen?

• Presumption of Indemnity: what are the consequences if a company wrongly refuses to indemnify a director? How can they be prevented?

• What issues can develop from outside directorship extensions to the policies?

There will be plenty of Q&A opportunities and participants may also raise any specifi c questions they have for the workshop leaders ahead of the conference, via the conference organisers

Main Conference

10.00

Morning Refreshments

10.20

Conference Co-Chair’s Opening Remarks

Glaucia Asvolinsque D. de Faria Smithson Chief Underwriting Offi cer,

Commercial Executive Risks Europe Zurich General Insurance

10.30

What Current Exposures Are Keeping D&Os

and Risk Managers Awake at Night and What

Solutions are Being Sought by Their Insurance

Buyers?

John Windsor, Head of Insurance, Marks & Spencer Lars Gaute Østebø

Head of Captive and Corporate Insurance, Corporate Risk Management, Statoil ASA

Didier Vidal, Corporate Risk Manager, Alcatel Lucent Matthew McEwan, Risk Management Director, Coca Cola Enterprises

Douglas Robare, Head of Financial and Professional Lines, Aviva plc - moderator

• What risks and exposures are currently on company secretaries’/risk managers’ radar

Fax order form to +44 (0) 20 7878 6885 or register online at www.C5-Online.com/Directors

Uttara Viad, COO & Executive Director,

Aon Global Insurance Brokers (Pvt) Limited (India) Vladimir Kryuchkov, Senior Vice President,

Finpro Practice Leader,

Marsh Insurance Brokers ZAO (Russia)

Ed Smerdon, Partner, Sedgwick LLP – moderator

Expert speakers with country specifi c experience in the markets covered will guide you through the main opportunities, risks and challenges in each jurisdiction. They will also cover questions every insurer looking to enter or consolidate their presence in these jurisdictions should ask their insurds, red fl ags to watch out for, common mistakes made by underwriters, mitigatory action you can take and share their lessons learned.

• Overview of market conditions

• What are the theoretical exposures for directors? - are there any recent developments or trends in actual

cases brought?

- how long do cases take to reach court? • Update on recent claims and emerging trends

• What are the drivers for future civil claims against directors? - claims culture

- procedural issues - commercial imperatives - funding/loser pays rules

• What is the criminal investigations/regulatory environment affecting directors?

- what are the most common offences?

- is fraud/insider dealing/bribery a signifi cant issue? • Beyond the territorial limits, how are local companies

being targeted in other jurisdictions? - where are they being targeted? - what for?

- by whom?

• What is the position on indemnifi cation by companies? - is it permitted?

- if so, how?

- are there specifi c rules governing it?

• What is the regulatory environment for insuring local based risks?

- do insurers need to be admitted?

- what methods do foreign insurers use to enable them to write local risks?

• What does the locally issued D&O product look like? What are the developments, trends and issues in the product? • Reinsurance market conditions

• What are the recent laws or developments affecting the local insurance industry?

• What are the particular underwriting issues facing insurers of local based companies?

• Are there any other cultural or legal factors insurers from outside should take into account when doing business there? 3.30

Afternoon Refreshments

E m erging M a r k ets F o cus

3.45

How to prepare for a Potential Rise in

Corporate Insolvency – and What That

Means for Your Business

David Gutteridge, Vice President, ACE Bermuda Matthew Doherty, Underwriting Manager, Arch Insurance Europe

John Batch, Senior Vice President, D&O Product Leader, FINPRO CEMEA

• Trends in insolvency across UK, the US and Continental Europe – when can we expect the predicated tide to hit and how? What types of litigation can we expect in its wake? • Liability of directors in bankruptcy situations and when

the company is entering the zone of insolvency • Differences in liability in different European states

and insurance implications that follow

• How do policy exclusions such as “insured vs insured” work in insolvency?

• What are the current gaps in coverage?

• Link up between the principal policy, Side A and Run off policies in insolvency situations: overlaps and potential gaps • Impact on Side A market

- to what extent has there been an increase in the purchase of Side A cover in response to rising bankruptcies? - how can Side A products be differentiated in terms of

how they are likely to respond to emerging demands? - how would the cost of Side A products be impacted

and how will deductibles be treated?

4.45

Reinsurance Market Leaders’ Perspective on

Current Market Conditions and Strategies

for Risk Minimisation

Elisabeth Spann, Head of Financial Lines,

Global Clients/North America, Casualty Facultative, Munich Re

Marcel Fischer, Senior Underwriter Facultative Casualty/Vice President -Europe, Middle East & Africa, Swiss Reinsurance Company Ltd

• How do reinsurers view their participation in this market to date and what changes do they anticipate in the coming months?

• How do reinsurers view their exposure in this arena and how do they calculate their risks in current market conditions? • Reinsurance industry response to decreasing prices/increase

in capacity

• Reinsurance claims: what coverage issues have arisen and how are reinsurers approaching claims handling? Are claims increasing?

• What are reinsurers doing to prepare for the next wave of claims?

• Reinsurance in emerging markets: how do reinsurers ensure there is no mismatch when local wordings are used? - using local insurer/s

- working through a global programmes 5.30

Chairman’s Closing Remarks

and End of Conference

Very good presentations, great opportunity for networking Thomas Lange, Underwriter, Financial Lines, Munich Re (Delegate, 2011)

Interesting to pick up issues in the fi eld of D&O, looking at the topic from a client perspective Gunnel Lagerstedt, Manager Casualty Business, Skanska (Delegate, 2011) I found it very useful for my day-to-day business, (to) keep up to date on new hot topics in the market, issues of

concern that I can communicate to clients and work together with them to fi nd a solution which best suits their needs Lot Goris, Client Advisor, Aon (Delegate, 2011)

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BY BANK TRANSFER

C5 Communications Limited

Account Name: C5 Communications Limited Bank Name: HSBC BANK Plc

Bank Address: 31 Chequer Street, St Albans Herts AL1 3YN, UK Bank Branch: St Albans Branch

BIC ( Bank Identifier Code ): MIDLGB22 GBP Account (VAT num: 913 0992 30) IBAN: GB41 MID L 4040 0182 1816 22 Sort Code: 40-40-01

If you wish to pay in Euros€ or USD$ please contact Customer Service

DELEGATE DETAILS

NAME POSITION APPROVING MANAGER POSITION ORGANIZATION ADDRESS CITY POSTCODE COUNTRY PHONE FAX EMAIL TYPE OF BUSINESS

Event Code: 672I12-LON

FOR MULTIPLE DELEGATE BOOKINGS PLEASE COPY THIS FORM

ADMINISTRATIVE DETAILS

Date: 27 – 28 March, 2012 Time: 8.30 – 5.30

Venue: Grange Tower Bridge Hotel, London

Address: 45 Prescot Street, London, E1 8GP, United Kingdom Telephone: +44 (0)20 7959 5000

An allocation of bedrooms is being held for delegates at a negotiated rate until 24 February 2012. To book your accommodation please call Venue Search on tel: +44 (0) 20 8541 5656 or e-mail beds@venuesearch.co.uk. Please note, lower rates may be available when booking via the internet or direct with the hotel, but different cancellation policies will apply.

DOCUMENTATION IS PROVIDED

The documentation provided at the event will be available via web link. If you are not able to attend, you can purchase a link to the presentations provided to delegates on the day of the event. Please send us this completed booking form together with payment of £350 per copy requested. For further information please call +44 (0) 207 878 6888 or email enquiries@C5-Online.com.

CONTINUING EDUCATION

12 hours (conference only) plus 2.25 hours per master class towards Continuing Professional Developments hours (Solicitors Regulation Authority). Please contact C5 for further information on claiming your CPD points.

PAYMENT POLICY

Payment is due in full upon your registration. Full payment must be received prior to the event otherwise entry will be denied. All discounts will be applied to the Main Conference Only fee (excluding add-ons), cannot be combined with any other offer, and must be paid in full at time of order. Group discounts available to individuals employed by the same organisation.

TERMS AND CONDITIONS

You must notify us by email at least 48 hours in advance if you wish to send a substitute participant. Delegates may not “share” a pass between multiple attendees without prior authorization. If you are unable to find a substitute, please notify C5 in writing no later than 10 days prior to the conference date and a credit voucher will be issued to you for the full amount paid, redeemable against any other C5 conference. If you prefer, you may request a refund of fees paid less a 25% service charge. No credits or refunds will be given for cancellations received after 10 days prior to the conference date. C5 reserves the right to cancel any conference for any reason and will not be responsible for airfare, hotel or any other costs incurred by attendees. No liability is assumed by C5 for changes in programme date, content, speakers or venue.

INCORRECT MAILING INFORMATION

If you receive a duplicate mailing of this brochure or would like us to change any of your details, please email data@C5-Online.com or fax the label on this brochure to +44 (0) 20 7878 6887. To view our privacy policy go to www.C5-Online.com/privacy_policy_statement.

FEE PER DELEGATE Register & Pay by 28 February, 2012 Register & Pay after 28 February, 2012

ELITEPASS*: Conference & Workshop £1998 £2098

Conference Only £1499 £1599

TEAM DISCOUNTS: Booking 3 or more delegates? Call +44 (0) 20 7878 6888 for details PLEASE ADD VAT TO ALL ORDERS

*ELITEPASS is recommended for maximum learning and networking value.

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