What are the “CAT” Bonds and How do they Differ from Insurance and Reinsurance?

Webinar Information

Title: What are the “CAT” Bonds and How do they Differ from Insurance and Reinsurance?
Date & Time: Thursday, January 25th from 12:00 – 1:15 pm ET / 11:00 am – 12:15 pm CT
Location: Live online webinar
Continuing education: 1.5 NYCLE, Approved for initial certification and recertification
Webinar Panel: Jenna Buda, Corporate Counsel Director Reinsurance Law, Allstate Insurance Company; Paul Schultz, CEO, Aon Securities; Larry Schiffer, Partner, Squire Patton Boggs (US) LLP, Moderator
(Learn more about the panel below.)

Click here to register now

Course Description:

Don’t miss the first webinar of the New Year! This webinar will cover an overview of Cat Bonds and ILWs, how ceding companies purchase them and the various parties involved (e.g., special purpose vehicle, note holders). Our expert presenters will cover the basic reinsurance contract used, what triggers the bond (parametric trigger based on industry loss, etc.), how a claim is processed, and the friction points that can result in disputes. Register today!

Registration Information:

Members Non-Members
$180 $250

Registration: Please contact the ARIAS team at info@arias-us.org or call 703-574-4087, for last minute registrations.

Refund/Cancellation Policy: The cutoff date for a full refund of the webinar registration is Wednesday, January 24th.   Failure to cancel by this date will result in forfeiture of the entire registration fee.

Questions? For questions about this seminar, please contact info@arias-us.org or call 703-574-4087.


Learn More about the Panel:

Paul Schultz

Paul Schultz serves as CEO of Aon Securities and leads Aon Benfield’s investment banking team, responsible for providing investment banking products and services to Aon’s clients on a global basis.

Aon Securities has developed a market leading practice advising clients on M&A, starting new companies and transferring insurance risk to the capital markets.  Paul began his career in banking in 1986 and spent 14 years at JP Morgan (its predecessor banks), specializing in the Insurance Practice from 1989.  Since joining Aon in 2000, Paul has advised Aon plc on issuing the first ever securitization of private equity limited partnerships and advised clients on M&A, starting new companies, issuing senior and subordinated debt, issuing equity and raising alternative capital via the issuance of catastrophe bonds, sidecars and other collateralized structures.  Additionally, Paul is a member of the Executive Committee of Aon Benfield and a member of the Aon Benfield U.S. Leadership Team.

Paul earned a Bachelor of Science degree in Computer Science and a Bachelor of Science degree in Electrical Engineering from Northwestern University. Paul also earned a Master of Business Administration degree from Kellogg School of Management.  Additionally, Paul is a Chartered Financial Analyst.

Larry Schiffer – Moderator

Larry Schiffer is a partner in the New York office of Squire Patton Boggs (U.S.) LLP, where he practices complex commercial, insurance, and reinsurance litigation, arbitration, and mediation. He also advises on coverage, insurance insolvency, and contract wording issues for a variety of insurance and reinsurance relationships. He is chair of the ARIAS•U.S. Technology Committee and a member of the ARIAS•U.S. Ethics Discussion Committee; he is also a member of the ABA’s Tort Trial & Insurance Practice Section, where he was chair of the Excess, Reinsurance & Surplus Lines Committee. He was chair of the New York State Bar Association Committee on Association Insurance Programs for nine years and has lectured and has been published on reinsurance and insurance topics for ARIAS•U.S., ABA, ACI, Mealey’s, PLI, C-5, HarrisMartin, HB Litigation, Lloyd’s Market Association, Reinsurance Magazine, Insurance Day, the Tort & Insurance Law Journal, Westlaw Journal – Insurance Coverage, and others. Larry edits the Squire Patton Boggs Reinsurance Newsletter and the Insurance and Reinsurance Disputes Blog, InReDisputesBlog.com. He also is the moderator of the Reinsurance Disputes Group on LinkedIn. He has been recognized by Chambers USA, Euromoney Guide to the World’s Leading Insurance and Reinsurance Lawyers, The International Who’s Who of Insurance & Reinsurance Lawyers, The Legal 500, and Super Lawyers. He serves as a mediator for the United States District Court for the Southern District of New York and the New York Supreme Court Commercial Division.


Jenna Buda
, Corporate Counsel Director Reinsurance Law, Allstate Insurance Company

A former litigator, Ms. Buda manages the Reinsurance Law Division at Allstate Insurance Company.  Prior to joining Allstate, Ms. Buda spent 13 years in private practice representing foreign insurers and reinsurers in the healthcare professional liability arena.  Her reinsurance background includes multiple disciplines, including underwriting, claims and auditing.  Currently, her specialization is in ceded catastrophe reinsurance placements, both in the traditional and Insurance Linked Securities markets.  She also advises Allstate with respect to participation as a reinsurer in personal lines property reinsurance placements.  Ms. Buda manages retained counsel in civil litigation and other disputes, including reinsurance arbitrations.  A member of ARIAS U.S. and AIRROC, Ms. Buda has a B.A. in Biology from Indiana University and she obtained her J.D. from DePaul University College of Law.  Outside of the reinsurance arena, Ms. Buda serves on the Chairman’s Advisory Council of Big Shoulders Fund and is active with Big Brothers Big Sisters and Habitat for Humanity.

 


Continuing Education

ARIAS•U.S. Arbitrator Certification:
This webinar is eligible for 1/3 of a credit toward initial certification or renewal. For certification candidates, attendance at three live webinars will provide one credit toward Option C requirements. For ARIAS·U.S. Certified Arbitrators, attendance at three live webinars will satisfy the seminar attendance requirement for renewal. Click here for more information.

CLE Credit: ARIAS·U.S. is an accredited provider of New York State Continuing Legal Education training – 1.5 CLE credits are available to those who attend this webinar; all credits are for areas of professional practice.


Financial Hardship Policy

Financial Hardship Policy Statement: As required by the New York and Illinois CLE Boards, if a member of the state’s bar would like to attend an ARIAS•U.S. conference, but finds that he or she would incur a financial hardship by doing so, an application for waiver of the attendance fee may be made to the Board of Directors of ARIAS•U.S. Such application would be held in strict confidence.