The Old Library, Lloyd’s of London
Global insurance leaders met to discuss mitigation best practices and lessons learned from natural catastrophe activity in the historic paneled library at Lloyd’s of London.
Our Improving Natural Catastrophe Resilience: Insurance vs. Intervention forum explored the role of governments in the provision of insurance pools and regulation, and examined the role of private insurance in improving natural catastrophe resiliency, both as it relates to the impact of risk-based insurance rates on consumer decisions and the role of mitigation in saving lives and helping communities confront natural disasters. The forum brought together leading experts and policy makers to discuss the role of insurance and intervention in natural catastrophe resiliency, using flood insurance in the U.S. and U.K. as an example.
Please note: Information as presented below reflects the date of the specific Forum. Subsequent to this, information may have changed
Former Director of the Missouri Department of Insurance, Financial Institutions and Professional Registration
John Huff has more than 25 years of experience in the Insurance sector, most recently as president of the National Association of Insurance Commissioners (NAIC), the US standard-setting and regulatory support organization created and governed by the nation’s chief insurance regulators, and before that, as director of the Missouri Department of Insurance, a position which he held for eight years. Prior to entering public service, John spent more than a decade in executive positions with leading insurers and reinsurers, including Swiss Re and GE Insurance Solutions (now known as Swiss Re Corporate Solutions).
John counsels clients on state insurance regulatory regimes, including model law and regulation development, as well as on the federal insurance regulatory structure. He advises clients on product development and marketing; policy and claims analysis, including investigations and coverage determinations; bad faith exposure and other areas of potential liability; risk mitigation, including the procurement of appropriate coverage, including runoff insurance, and the development of procedures and guidelines to reduce the risk of suits alleging unfair claims practices.
John also advises clients on the formation of captive insurance companies and provides ongoing regulatory advice to captive insurance companies, risk retention groups and self-insured funds. He also assists clients in addressing the legal and compliance challenges arising from the adoption of new technologies and innovations.
John’s knowledge of the insurance industry is global in scope, spanning the United States, the United Kingdom, Continental Europe and Asia markets. Whatever the nature of the representation, John brings to the table a keen understanding of the regulatory, legal, financial and operational challenges that insurance and reinsurance companies face.
Director of Operations, Flood Re
Aidan Kerr is the Director of Operations for Flood Re. As part of Flood Re’s Executive Team, he is responsible for ensuring that Flood Re’s operations, systems, information and data is set up to deliver Flood Re’s objectives.
Previously, Aidan was Head of Property at the ABI, leading on the development of Flood Re, as well as the ABI’s work on combatting fraud and risk pricing in general insurance. Earlier in his career, Aidan was the Head of Investment and Funding at the Environment Agency and a senior manager delivering finance transformation projects at Accenture.
Aidan is a chartered accountant with 20 years of experience within banking, consulting, Government and the insurance industry.
President and CEO, RenaissanceRe
Kevin J. O’Donnell has served as Chief Executive Officer of RenaissanceRe since July 2013 and as President since November 2012. He is responsible for the oversight and management of the Company’s reinsurance and insurance businesses.
Prior to becoming President of RenaissanceRe Holdings Ltd., Kevin served as Executive Vice President and Global Chief Underwriter from 2010. He acted as President of Renaissance Reinsurance Ltd. from 2005, overseeing the Company’s reinsurance lines, including Property and Casualty & Specialty reinsurance, as well as its joint ventures. Kevin has served as Chief Underwriting Officer for the Company’s key joint ventures, Top Layer Re and DaVinci Re. In 2009, he directed the launch of RenaissanceRe Syndicate 1458 at Lloyd’s. Kevin has been with the Company since 1996, when he joined to lead the International Underwriting and Ceded Reinsurance businesses.
Prior to joining RenaissanceRe, he was a Vice President of Centre Financial Products, Ltd., and an underwriter at SCOR. In January 2017, Kevin began a two-year term as Chairman of the Association of Bermuda Insurers and Reinsurers (ABIR). He also serves as the Vice-Chair of the Global Reinsurance Forum. Kevin holds a Bachelor of Arts degree in Economics from Hamilton College and an M.B.A. from New York University’s Stern School of Business.
Attendees of the Improving Natural Catastrophe Resiliency: Insurance vs. Intervention Leadership Forum at Lloyd’s of London, UK
Association of Bermuda Insurers and Reinsurers
Association of British Insurers
Bank of England
Bermuda Business Development Agency
Beach and Associates
Clyde & Co.
Corporate Risk & Insurance
Department for International Trade, UK Government
Direct Line Group
Government Actuary’s Department, UK Government
HM Treasury, UK Government
Lloyd’s Market Association
Lloyd’s of London
London Market Group
Overseas Development Institute
Slaughter and May
University of London
Willis Towers Watson
World Risk Insight
by John Huff, Immediate Past President, National Association of Insurance Commissioners (NAIC)
by Aidan Kerr, Director of Operations, Flood Re
by Kevin O'Donnell, President and CEO, Renaissance Re