Forty-seventh Annual CONFERENCE SEPTEMBER 17-20, 2006

Transcription

1 FINANCIAL MANAGEMENT SOCIETY OF INSURANCE Forty-seventh Annual CONFERENCE SEPTEMBER 17-20, 2006 Disney s Yacht and Beach Club Resorts Lake Buena Vista, Florida ADVANCED REGISTRATION REQUESTED. Please mail check along with completed registration form by August 11, 2006 to: SIFM P.O. Box 9001 Mt. Vernon, NY SIFM Fed, I.D. # CPE Credits Event Sponsors BOWNE INSURANCE DIVISION DELOITTE & TOUCHE, LLP ERNST & YOUNG, LLP PRICEWATERHOUSECOOPERS, LLP SMART AND ASSOCIATES, LLP ST IVES FINANCIAL INSURANCE DIVISION

2 CONFERENCE FEES Members: Full Conference: $475 Single Day: $200 Non-Members: Full Conference: $600 Single Day: $325 (non-member fee includes 2006 membership dues. SIFM membership is on an individual basis, not on a company basis.) Conference fee includes all meals scheduled in program. No refunds will be granted for cancellations received after September 12, Please note: There is no Conference Fee for spouses or guests. They are invited to attend the Sunday, Monday and Tuesday evening receptions and scheduled breakfasts. GOLF TOURNAMENT FEE: $150 per person Please complete and return Golf Outing form enclosed herein. HOTEL RESERVATIONS should be made directly with the Disney s Yacht and Beach Club Resorts Group Reservations Office: Tel: Fax: Please be sure to mention SIFM to obtain our group rate of $175 per night for Run of House Rooms Single / Double Occupancy (Standard September guest room rates $305). Additional persons, up to 5 per room (18 years and older): $25 per person. SIFM Group Room Rates are subject to applicable state and county sales and resort taxes, currently %. The hotel is happy to extend our group rate for the three days prior to Saturday, September 16th and the three days following Wednesday, September 20, 2006, subject to availability. Please note individual room reservations must be confirmed and guaranteed with a deposit of one night s room revenue (plus applicable taxes). Should you wish to cancel your reservation, refund of the deposit and/or cancellation fees will be in accordance with the Hotel s general policy at that time (currently a refund is given if an individual s reservation is canceled at least 3 days prior to arrival). Please reserve your room ASAP to take advantage of Disney's Magical Express, which consists of complimentary transportation from Orlando International Airport and luggage delivery. A minimum 30-day advance reservation is recommended! To take advantage of this service you may call once your reservations have been input into the Disney reservation system. For more information please visit: All guests who wish to use this service must have reservations due to Orlando Airport Authority regulations, and it is recommended that all reservations are made at least 30 days in advance. SIFM s hotel reservation guarantee expires 8/18/06. Please use the following web-links to access general information on Walt Disney World and exclusive Disney offers for SIFM conference attendees, including special ticket offers and a 10% discount on select advance ticket purchases. General Information for Group Guests: ma/attendeesdma?name=dmaattendeespo ppage&cmp=ilc-conventionearsvanity To Order Walt Disney World Theme Park Tickets On-Line and take advantage of Exclusive Disney Offers for SIFM Group (includes Special Ticket Offers and 10% Discount on Select Advance Ticket Purchases): Society of Insurance Financial Management ANNUAL MEETINGS 2006 Forty-seventh Annual Conference Disney s Yacht and Beach Club Resorts Lake Buena Vista, Florida September 17, 18, 19 & Forty-eighth Annual Conference Boca Raton Resort & Club Boca Raton, Florida September 16, 17, 18 & 19 The SIFM offers continuing professional education credits for these meetings. NEW YORK STATE License No NASBA sponsor ID # The Society of Insurance Financial Management is registered with the National Association of State Boards of Accountancy as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE Credit. Complaints regarding registered sponsors may be addressed to The National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN Web site: ABOUT SIFM SIFM, P.O. Box 9001, Mt. Vernon, NY , x115 fax sifm@cinn.com The Society of Insurance Financial Management ("SIFM") is comprised mainly of chief financial officers, controllers, chief accountants and other financial executives from within the insurance industry, including insurance professionals from the leading public accounting firms.

3 PROGRAM SUNDAY, September 17 6:00 6:30 pm Registration 6:30 pm Cocktail Reception Sponsored by: Deloitte & Touche LLP MONDAY, September 18 7:30 9:00 am Breakfast Buffet Sponsored by: 8:30 am Registration 8:55 am Welcome Address SIFM President Addison H. Shuster Tax Partner 9:00 am Regulatory, Legislative and Financial Reporting Public Policy Issues Impacting the Reinsurance Industry Frank W. Nutter President, Reinsurance Association of America 9:50 am International Accounting Standards Update Ed Stephenson Associate Consultant Barnert Global, Ltd. 10:40 am Coffee Break 10:50 am Tax Panel: Tax Update Issues for the Property & Casualty Insurance Industry Emily S. Hale Technical Advisor Property & Casualty Insurance Companies, Internal Revenue Service Douglas P. Monska Senior Manager, Addison H. Shuster Tax Partner Joseph D. Vaccaro Tax Attorney 11:40 am Statutory Compliance Update Morton L. Mann Senior Vice President of Insurance Regulatory Affairs St Ives Financial Insurance Division 12:30 pm Lunch / Keynote Address Sponsored by: Smart and Associates, LLP Overview of the State of the Insurance Industry in Florida Kevin M. McCarty Commissioner of the Office of Insurance Regulation, Florida State Office of Insurance Regulation 1:20 pm Risk Transfer Panel Discussion Evan D. Bennett Director, Reinsurance Consulting, Blackman Kallick Bartelstein, LLP, Chicago, Illinois William J. Kelly Director, Susan McGrath Managing Director, Northeast Practice, Veris Consulting, LLP 2:10 pm FASB Update: Risk Transfer in Insurance & Reinsurance Contracts Accounting for Financial Guarantee Insurance Contracts Fair Value Measurement Fair Value Option FASB Involvement in the IASB s Insurance Contracts II Project Jeffrey D. Cropsey Project Manager, Financial Accounting Standards Board (FASB) 7:00 pm Cocktail Reception Sponsored by: TUESDAY, September 19 7:00 8:00 am Breakfast Buffet Sponsored by: Bowne Insurance Division 7:30 am Registration 8:00 am Keynote Address State of the Insurance Industry in Florida: Financial Aspect Tom Gallagher Chief Financial Officer, Florida Department of Financial Services (invited) 8:50 am Reinsurance Issues: Documentation, Disclosure and Attestation New Interrogatories for Reinsurance The Attestation Supplement: CEO and CFO Responsibilities Documentation to Provide Risk Transfer Internal Controls over Reinsurance What will Auditors Need to Look at Best Practice Development John G. Aquino Executive Vice President, Benfield, Inc. Evan D. Bennett Director, Reinsurance Consulting, Blackman Kallick Bartelstein, LLP, Chicago, Illinois C O N T I N U E D

4 PROGRAM 9:40 am Sarbanes-Oxley Panel Discussion I NAIC Evaluation of Section 404 Compliance by Non-public Reporting Insurance Companies Joseph Fritsch Director of Insurance Accounting Policies, New York State Insurance Department Joseph B. Sieverling Senior Vice President and Director of Financial Services, Reinsurance Association of America 10:30 am Coffee Break 10:40 am Sarbanes-Oxley Panel Discussion II Public Company Compliance & Experience with Section 404 R. Clark Lindberg Corporate Director, Enterprise Risk Management Edward J. Majkowski Partner, Ernst & Young, LLP 11:30 am Bermuda Marketplace Mark A. Wilcox Senior Vice President, Chief Accounting Officer & Controller, RenaissanceRe Holdings Ltd. 12:30 pm Golf Tournament: Eagle Pines Golf Course Bus Departs Conference Center 1:15 pm Tee Time 7:00 pm Golf Awards Evening Reception Sponsored by: Ernst & Young, LLP WEDNESDAY, September 20 7:30 8:30 am Breakfast Buffet Sponsored by: St Ives Financial Insurance Division 9:00 am Risk Assessment Reporting Update: Corporate Governance, Risk Management Practices, Insurer's Prospective Risks Resulting from Changes to its Risk Profile/Business Objectives. The Role of the Insurer's Code of Conduct and its Integration into the Corporate Culture & Internal Control Environment. Michael F. Motil Chief, Policy & Development, Office of Financial Regulation Services, Ohio Department of Insurance 9:50 am NAIC Regulatory Update Phil Schwartz Senior Advisor, Bowne Insurance Division 10:40 am Assumptions and Financial Perspective of the Property and Casualty Industry including Securities, Deals and Capital Markets Herbert E. Goodfriend Senior Vice President, Gil and Roeser Holdings, Inc. 11:30 am Conference Adjournment 15 Total CPE Credits 7 Accounting 7 Specialized Knowledge & Application 1 Taxes Program Details Objectives: To provide participants with an overview of current developments and issues affecting the insurance industry. Designed for: Individuals in industry and public practice, which have a basic / working knowledge and interest in insurance finance, accounting, taxation and reporting. Level of Knowledge: Intermediate. Although no prerequisites or advanced preparation are required to participate, a basic / working knowledge in these subject areas is assumed. OFFICERS President Addison H. Shuster * Executive Vice President Christopher T. McNulty * Swiss Re America Vice President Richard G. Gander * Deloitte & Touche, LLP COMMITTEES & CHAIRPERSONS Accounting Edward J. Majkowski * Ernst & Young, LLP Michael J. Brosnan Ernst & Young, LLP Lilla E. Ronco Reinsurance Milan M. Radonich * Praetorian Financial Group Statutory Morton L. Mann * St Ives Financial Insurance Division Tax & Legislative James R. Gruber * Douglas P. Monska Regulatory Charles J. Widder * CJW Consultants, LLC Vincent R. Burke Smart and Associates, LLP Current Developments David Greenfield * John Verdonck NOMINATING COMMITTEE / PRESIDENT'S ADVISORY COUNCIL Immediate Past President Michael J. Castelli * Joseph C. Capezza * Harvard Pilgrim Health Care Paul A. LiCausi * Swiss Re America Carole Haarmann Acunto CINN Worldwide, Inc. * Member of the Executive Committee

5 Registration Information TO REGISTER for SIFM s 47th Annual Conference being held September 17-20, 2006 at the Disney s Yacht and Beach Club Resorts, Lake Buena Vista, Florida, please complete the form below and fax back to: (914) for immediate registration. Please mail OR FAX your credit card information by 8/11/06. Make checks payable and return with your registration form to: SIFM, P.O. Box 9001, Mt. Vernon, NY (SIFM Fed. I.D. # ) or Register with your credit card on-line at NAME / TITLE: COMPANY: ADDRESS: CITY / STATE / ZIP: TEL: FAX: Social Security Number (for CPE Credit): CONFERENCE FEES: (please check applicable box(es).) Members: Full Conference ($475): (Sunday, 9/17 Wednesday, 9/20) Single Day ($200/day): (Monday, 9/18/06) Single Day ($200/day): (Tuesday, 9/19/06) Non-Members: Full Conference ($600): (Sunday, 9/17 Wednesday, 9/20) Single Day ($325/day): (Monday, 9/18/06) Single Day ($325/day): (Tuesday, 9/19/06) GOLF FEES: Golf Tournament: $150 per person: Golf Rental Fees: Set of Golf Clubs ($45) Pair of Golf Shoes ($10) If you are playing in the golf tournament, please complete the following: Handicap: Pairing preference, if any: Golf Clubs (if renting): Right-handed Left-handed Men s Women s Shoe Size (if renting): SIFM s Golf Tournament will be held on Disney s Eagle Pines Golf Course on Tuesday, September 19, 2006 (1:00 6:30 pm).the golf registration fee ($150) includes green fees, cart fees, driving range, lockers. bag storage and round trip bus transportation between Golf Course and Beach Club. For more details, please visit DIETARY REQUIREMENT: TOTAL AMOUNT ENCLOSED: $ CHECK NUMBER: CREDIT CARD: VISA MASTERCARD AMEX Please select one: CORPORATE CARD PERSONAL Security Code: Card Number: Cardholder s Name: Cardholder s Address: Cardholder s Signature: (M/C & VISA: last 4 digits in signature strip; AMEX: last 3 digits in signature strip) Exp. Phone: HOTEL ARRANGEMENTS: I will be staying at Disney s Yacht and Beach Club Resorts on the following nights: Saturday, September 16th Sunday, September 17th Monday, September 18th Tuesday, September 19th Pre- and/or Post-Conference Dates (please fill in dates) Please make your hotel reservations directly with Walt Disney World Resort Group Reservations, Please mention SIFM to obtain our group rate, noted in this flyer. Please reserve your room asap! SIFM s hotel reservation guarantee expires August 18, 2006.