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McGriff Hosts Annual ExecutiveEdge Conference

08/14/2014

The McGriff, Seibels & Williams (McGriff) annual ExecutiveEdge conference was held in Scottsdale, Arizona, May 19-21, 2014, at the Four Seasons Resort, Troon North.  Conference sponsors and partners included The ACE Group, AEGIS, AIG, Allied World, HCC, JLT, XL Group, Zurich Insurance Group and McGriff.

The conference took place over two and a half days where participants were exposed to timely and relevant risk issues, emerging trends and thought provoking insights through industry panels, discussions and presentations. McGriff clients, domestic and international markets and colleagues were on hand for the event. The event fostered a robust exchange of ideas where attendees listened to and participated in discussions around the effects of global transformation, Directors and Officers liability and employment litigation updates, SEC enforcement matters and cyber security. These sessions and accompanying leisure activities allowed for further relationship development and a greater understanding of the current risk environment in which we all live and work.

Bios of the following speakers can be found here.

Peter Leyden, thought leader, author and entrepreneur, delivered the keynote address. As a leading expert on how new disruptive technologies and long term trends are remaking our world, he discussed the global effects of these monumental shifts and the impact they will have on the society that created them. Views were challenged and thoughts were questioned as Mr. Leyden focused on the current age of transformation and how the current environment may be more significant than at any other point in history.

The Directors and Officers (D&O) and Employment Practices (EP) environments are continuously being shaped and influenced by litigation and, therefore, judicial precedence is continually evolving. McGriff’s John Tanner moderated a panel consisting of Larry Bracken and Michael Mueller of Hunton & Williams. These two shared insight on noteworthy securities litigation, emerging cyber risks and the impact on corporate governance, Supreme Court decisions and wage/hour class action litigations disclosure to name a few. Presentation materials can be found here.

David Sellars of McGriff moderated a panel with former white collar crime prosecutor Harold Loftin now of Guidestone Financial Resources and former SEC regional director Randy Fons now of Morrison & Foerster. Also joining them was Bain Head, head of McGriff’s Financial Services Division Texas Operations.  The three spoke on how the entity investigation process actually works and the insurance implications of settling with the regulators before the case arrives at final adjudication. The panelists addressed the many pitfalls associated with specific coverage issues including the fraud exclusion and entity coverage.

An interactive market panel moderated by Paul Sparks of McGriff consisted of senior underwriting executives from each of the conference sponsor organizations. The panelists fielded challenging questions using a “Shark Tank” pitch format in an effort to convince the insurance buyer to invest in their respective corporate brands. Representatives of the panel included Rob Wolfe of ACE Group, Fred Murnane of AEGIS, Rob Faber of AIG, Brian Casey of Allied World, Andy Stone of HCC, Jim Koval of XL Group and Brian Zink of Zurich Insurance Group.

Lastly, Mary Guzman of McGriff moderated the “Anatomy of a Data Breach” panel. Panelists Kristen Mathews of Proskauer Rose, LLP and Eric Friedberg of Stroz Friedberg explored various data breach scenarios and their possible outcomes. The identification, analysis and ramifications of these scenarios were discussed along with the appropriate responses. Importance of coverage terms and conditions were emphasized along with the need to understand the susceptibility to such breaches.

Please visit the ExecutiveEdge website to learn more.