|
Sessions Information
-
August 9, 2022
10:15am - 11:15am
Session Type: Roundtable
Session Capacity: N/A
Parametrics
as an insurance concept has been available for a long time; however, it is
underutilized but gaining a broader recognition. This is an emerging topic that
asks if a parametric risk transfer product being offered is in fact insurance.
This discussion will define whether a contract is insurance or a swap which is
essential in the parametric considerations. Once the groundwork is provided to
ensure a base understanding, the discussion can move into different treatments
if the contract were insurance or a swap. If a given contract is considered
insurance, then there are tax rules that would apply, but if a contract were
considered a swap, then it is a regulated investment product with a different
set of rules to follow.
Captive
owners can apply parametrics protection in many ways. Please join us and share
your thoughts for managing risk through this evolving technique. Content
Advisor: Aaron Ciullo, Marsh Captive Solutions Coordinator:
Gary Rimler, Recapture Insurance
Facilitators:
Marcus Schmalbach, RYSKEX and
Tom Dawson, McDermott Will &
Emery LLP ...
|
|
|
Session Speakers
Organization: McDermott Will & Emery LLP
Thomas M. Dawson represents US and non-US insurers, brokers and intermediaries on regulatory, licensing, product development and corporate matters. Tom advises industry participants on a wide variety of regulatory and transactional matters, including cybersecurity compliance, Insurtech ventures and Holding Company Act filings. He has helped clients form, acquire and invest in US insurers, reinsurers and intermediaries. He counsels non-insurers on advertising, licensing and marketing generally, and provides regulatory compliance advice to service contract issuers and other specialty product providers.
Tom has guided non-US insurers and reinsurers in the London Market, Europe, Bermuda and Asia for more than 35 years, helping them obtain and maintain surplus lines and reinsurer approvals, as well as monitoring NAIC activities and state and federal legislation. In recent years, the regulatory status options for non-US reinsurers in particular have multiplied, and Tom has acted, and continues to act, for many non-US reinsurers that have established large US reinsurance trusts. More recently, Tom has represented non-US reinsurers that have obtained certified reinsurer status and that as of mid-year 2021 are now beginning to apply for reciprocal reinsurer status.
Beginning in 2020, Tom began tracking and commenting on developing climate change regulation in the US and in other key jurisdictions, and he is the Insurance Transactions and Regulatory team’s representative on the Firm’s ESG Working Group.
Dr. Marcus Schmalbach is Founder and CEO of RYSKEX Inc. He has a long-standing experience in risk and captive management in various industries. Before the founding of RYSKEX he was Head of a German MBA program. He is still working as a professor on innovation and new technologies at the ESCP Business School in Berlin and is also academic head of BlockART institute with a research focus on, parametric solutions, blockchain technology and the impact of AI on the captive value chain.
|
|
|
|