DOCSLIB.ORG

Conference Program the National Association of Corporate Treasurers Treasurers Talking to Treasurers - a Member-Driven Organization Table of Contents

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Conference Program the National Association of Corporate Treasurers Treasurers Talking to Treasurers - a Member-Driven Organization Table of Contents TREASURY IN TODAY’S ENVIRONMENT BUILDING BLOCKS FOR THE FUTURE 2018 NATIONAL TREASURERS CONFERENCE MAY 30–JUNE 1, 2018 | THE PRINCETON CLUB | NEW YORK, NY CONFERENCE PROGRAM THE NATIONAL ASSOCIATION OF CORPORATE TREASURERS TREASURERS TALKING TO TREASURERS - A MEMBER-DRIVEN ORGANIZATION TABLE OF CONTENTS 3 Welcome Letter 4 2018 Conference Highlights 5 Board of Directors 7 Conference Agenda 8 Topics and Events 11 Networking Events 12 Featured Speakers 18 Corporate Sponsors 20 Save the Date 2 CONFERENCE PROGRAM DEAR NACT COLLEAGUES On behalf of the NACT Board of Directors, we welcome you to the 2018 National Treasurers Conference! Treasurers Talking to Treasurers - a Member-Driven Organization is the value proposition that NACT provides to our members. This year’s conference theme is Treasury in Today’s Environment – Building Blocks for the Future. The program provides opportunities for experts and practitioners to network and exchange innovative ideas and best practices in candid, off-the-record settings. Our aim is to support the resilient treasurer by strengthening skills to bounce back despite economic and political uncertainties in today’s very dynamic environment. This year’s guest speakers include: • Ioana Barza, Director of Analysis, Thomson Reuters, returns by popular demand to give her review of everything related to the syndicated loan market for both investment-grade and leveraged borrowers. • Ebrahim Rahbari is a Managing Director and the Head of Global Macroeconomics within Citi Research, based in New York. Ebrahim’s mandate is to shape Citi’s views on global economic developments, major policy issues, major events, significant themes and longer-term trends, some of which include G10 monetary policy, global growth, investment, financial conditions and crises. • John Sileo is CEO of The Sileo Group of data security experts who help organizations protect the information that drives their profits. His body of work includes engagements with the Pentagon, USA Today, Visa, 60 Minutes, Homeland Security, Rachael Ray, Schwab and organizations of all sizes. Treasurers are keenly aware that no matter what they do correctly every day, one mistake that can never be allowed is to compromise the integrity of their company’s cash and its safe transfer, across borders and currencies, from where it is generated to wherever it is needed. John Sileo will make sure we keep safe. • In addition, the morning of the first day is dedicated to a closed-door, open forum with treasurers from major public corporations and privately held firms sharing their insights and experiences on topics that are relevant to you and your organization. 2018 NACT NATIONAL TREASURERS CONFERENCE 3 2018 NATIONAL TREASURERS CONFERENCE HIGHLIGHTS: • An Open Forum discussion among treasurers ONLY • Thought-provoking sessions with industry experts and treasurers on: Cyber Insurance Supply Chain Financing Banks and Capital Markets Rating Agency Panel Global Regulatory Changes The NACT Board of Directors has been very active this year, including taking advocacy positions to benefit our profession. We will provide an update on these activities during the conference, including changes to the Dodd-Frank Act on derivatives, an update on money market fund regulations, and NACT’s leadership to develop a replacement for LIBOR and other interest rate indexes with key input from corporate treasurers. We are pleased to have you attend the premier conference developed exclusively by your fellow corporate treasurers. The venue at the Princeton Club offers excellent facilities for our sessions, as well as convenience for those who wish to conduct other business while in New York. For unfettered discussions of Treasurers Talking to Treasurers, non-practitioner speakers and corporate sponsors generally are only present during their applicable sessions and sponsored events. We look forward to a successful Conference! 4 CONFERENCE PROGRAM NACT BOARD OF DIRECTORS (JULY 2017-JUNE 2018) The NACT Board is comprised of member treasurers who are committed to advancing the profession. We welcome feedback on all relevant topics. The Board has been very proactive in fostering dialogue among political, regulatory and industry players, and has approved advocacy positions urging restraint on proposed regulations for the money market fund industry and OTC Derivatives. The NACT Chairman also represents the organization as a delegate to the meetings of the International Group of Treasury Associations (www.igta.org), a global forum comprised of the national treasury associations of approximately 30 countries. He presently serves as IGTA’s Vice Chairman and its Immediate Past Chairman. BOARD OFFICERS BOARD MEMBERS CHAIRMAN Nicholas Bijur Colleen O’Connor Thomas C. Deas, Jr. Vice President & Treasurer Vice President & Treasurer (2017 National Chair) Pacific Gas & Electric Corporation The Duchoissos Group, Inc. Vice President & Treasurer, FMC Corporation (Retired) J. Gregory Coffey Otis O. Otih Partner, SeatonHill Partners LLC. Global Treasury Director PRESIDENT MARS, INC. Michael R. Williams Bradley Fox Vice President & Treasurer Vice President & Treasurer Mark W. Peterson Orbital ATK, Inc. Vice President & Treasurer Allen A. Geller EXECUTIVE VICE PRESIDENT Executive Vice President & Treasurer Susan Plotzky Bjork Hupfeld Raines International, Inc. Treasurer Global Treasurer The Hershey Company Gerard A. Halpin III William M. Rigger President & Chief Executive Officer Group Assistant Treasurer SECRETARY/TREASURER Siemens Capital Company, LLC Willis Towers Watson Ruud P. Roggekamp Assistant Treasurer, Corporate Mary Dean Hall Peter L. Sereda Finance & Banking Chief Financial Officer Senior Vice President-Finance & Treasurer The Boeing Company Quaker Chemical Corporation Telephone & Data Systems, Inc. IMMEDIATE PAST CHAIRMAN Kimberly A. Hunter J. Darrell Thomas Ramon Yi Treasurer & Vice President Vice President & Treasurer Senior Director, Treasury Port of Harley-Davidson, Inc. Houston Authority Karen N. Latham Corporate Treasurer Kevin Wilson Vice President & Treasurer Robert T. Marley Ingredion Incorporated Assistant Treasurer Enersys Ted Yerdon Vice President & Treasurer William Mekrut Steel Partners Holding LP Vice President & Treasurer FM Global 2018 NACT NATIONAL TREASURERS CONFERENCE 5 6 CONFERENCE PROGRAM 2018 CONFERENCE AGENDA WEDNESDAY, MAY 30, 2018 2:00 – 5:30 PM Conference Registration Fourth Floor Foyer 6:30 – 8:30 PM Opening Reception Prospect/Triangle/McCosh Room (4th Floor) 9:00 – 10:00 PM Hospitality Suite Prospect/Triangle/McCosh Room (4th Floor) THURSDAY, MAY 31, 2018 7:30 – 5:00 PM Conference Registration Second Floor Foyer Continental Breakfast 7:30 – 8:30 AM Alexander Hamilton Room Interest Rate Index and Other Regulatory Reforms 8:30 – 12:30 PM Open Forum James Madison Room 10:30 – 10:45 AM Refreshment Break Alexander Hamilton Room Luncheon with Keynote Speaker John Sileo – 12:30 – 2:15 PM Alexander Hamilton Room sponsored by S&P Global Ratings 2:15 – 2:30 PM Refreshment Break Alexander Hamilton Room 2:30 – 3:45 PM Session 1 – The Ins and Outs of Cyber Insurance James Madison Room Session 2 – Strategic Business Partnerships – 3:45 – 5:00 PM James Madison Room Supply Chain Finance Programs 6:30 – 7:30 PM Cocktail Reception – sponsored by FM Global North/South Garden Terrace (4th Floor) Dinner and Dessert with Guest Speaker Ebrahim Rahbari – 7:30 – 10:00 PM Prospect/Triangle/McCosh Room (4th Floor) sponsored by Fitch Ratings 10:30 – 11:00 PM Hospitality Suite Prospect/Triangle/McCosh Room (4th Floor) FRIDAY, JUNE 1, 2018 7:45 – 12:30 PM Conference Registration Second Floor Foyer Continental Breakfast 7:45 – 8:30 AM Alexander Hamilton Room A New Starting Line for Corporate Treasurer 8:30 – 9:30 AM Session 3 – Ratings in a Changing Environment James Madison Room 9:30 – 9:45 AM Refreshment Break Alexander Hamilton Room Session 4 – Banks and Capital Markets: Raising Capital with 9:45 – 11:00 AM James Madison Room Change as the Baseline 11:00 – 12:00 PM Loan Market Update: How Is the Loan Market Changing James Madison Room 12:00 – 12:30 PM NACT Announcements and Annual Business Meeting James Madison Room 2018 NACT NATIONAL TREASURERS CONFERENCE 7 2018 CONFERENCE TOPICS AND EVENTS THURSDAY, MAY 31, 2018 CONTINENTAL BREAKFAST LUNCHEON WITH KEYNOTE SPEAKER 7:30 – 8:30 AM sponsored by S&P Global Ratings Alexander Hamilton Room 12:30 – 2:15 PM Interest Rate Index and Other Regulatory Reforms Alexander Hamilton Room Peter Frank John Sileo, CEO of The Sileo Group, a data security think tank that helps US Leader, Financial and Treasury Management, PwC organizations protect the information that drives their profits. As a cyber security expert serving thousands of organizations, John’s experiences Tom Deas have led to speaking engagements with the Pentagon, Visa, Charles Chairman, National Association of Corporate Treasurers Schwab, Homeland Security, the FDIC, Pfizer, Million Dollar Round Table, Is LIBOR Really Going Away? What Else Is Happening? the FTC, Northrop Grumman, The Hartford, the Federal Reserve Bank, the University of Massachusetts and hundreds of organizations, universities, Tom Deas is representing U.S. treasurers on the Fed’s newly formed and associations of all types. No matter the size of the company or technical Alternative Reference Rates Committee. He will go over the ARRC’s efforts to experience of the audience, John makes sure participants are motivated replace LIBOR and its recommendations on specific protocols for how loans, and educated to change their relationship
Load more

Recommended publications
  • COVID-19 Thinking Through the Impact 27 February 2020
    COVID-19 Thinking through the impact 27 February 2020 COVID-19, née Wuhan Novel Coronavirus, is certainly achieving celebrity status as viruses go. Google alone suggests it can find over 300,000,000 results for the subject. By contrast, the new Bond film, No Time to Die, is just under 180,000,000. COVID-19 is not a straightforward influenza virus, as it is One of the main characteristics of the SARS outbreak was often simplistically portrayed, but instead is a member of the ‘fear multiplier’ i.e. the reaction of the population to the Coronavirus family. This means that it is in fact closer outbreaks in their communities. For example, the economies to SARS than, for example, Avian Flu. Following this logic, in China, Hong Kong, Taiwan and Singapore were badly a comparison to the SARS outbreak of 2002/3 may affected and overall Asian currencies sustained big losses provide some insight with respect to the potential impacts as traders converted into the safe haven of US dollars, and of the outbreak. there were increases in the risk premiums associated with these ecnomies in international capital markets. SARS 2002-2003 One particular example highlights the power of the fear The emergence of the new and virulent virus Severe Acute multiplier. In March 2003 a tourist infected by SARS Respiratory Syndrome (SARS) in 2002 and 2003 claimed travelled from Hong Kong to Canada and effectively the lives of 774 people and infected over 8,098 people transported the virus there. Although the episode was worldwide1. The mortality rate for this virus hovered at contained it resulted in 44 deaths.
    [Show full text]
  • MAKING a DIFFERENCE in the MOMENTS THAT MATTER 2020 Annual Report Risk & Insurance Services Consulting
    MAKING A DIFFERENCE IN THE MOMENTS THAT MATTER 2020 Annual Report Risk & Insurance Services Consulting Marsh Guy Carpenter Mercer Oliver Wyman Insurance Broking Reinsurance Health, Wealth Strategy, Economic & Risk Management & Capital Strategies & Career Consulting & Brand Consulting We are 76,000 colleagues in four global businesses united by a common purpose—to make a difference in the moments that matter. Three commitments unite us as we strive to live our purpose: SUCCEEDING TOGETHER. We are in business to expand what’s possible for our clients and each other. ACCELERATING IMPACT. We embrace change and create enduring client value. ADVANCING GOOD. We strive to serve the greater good. We work with our clients to enable enterprise around the world and secure better futures for all. TO OUR SHAREHOLDERS, COLLEAGUES AND CLIENTS, 2020 was a year when every moment mattered. Around the world, no organization was unaffected or unchanged as we all navigated the crisis of a global pandemic, a global economic crisis, another devastating year in a gathering climate crisis, and an overdue reckoning with race, equity and social justice. No one could plan for such a year, but looking back, our company was ready. 2 | Marsh McLennan 2020 Annual Report As we found smarter ways, every day, to accelerate impact for our clients, we did the same for our communities. From fundraising for medical workers, to mask-making, to one colleague who volunteered at night as an ambulance responder, we stood up for our communities when they needed it most. And we didn’t forget each other. Across our company, groups of supportive colleagues coalesced to help one another balance heightened professional and personal demands, organizing everything from online yoga 2020 was a crucible that brought out the best in classes to children’s reading programs.
    [Show full text]
  • Hippos, Sails and Lemonade: the Evolution of M&A in Insurance
    HIPPOS, SAILS AND LEMONADE: THE EVOLUTION OF M&A IN INSURANCE Doug Carsley (Partner), Holden Chang (Associate), and Lisa Smith Historically, the insurance world’s value chain hierarchy was Carriers develop products and captive or independent advisors, distribute it. With Insurtechs, online options and rate aggregators, the lines have blurred. Initially, the debate was: Is Insurtech an insurer with technology approaches or a technology company supporting insurers? The definition settled on tech companies selling to insurers; however, the debate now adds the latest trend: technology companies owning and distributing insurance. The paradigm shift began with brokerages, challenged with distributing their digital solutions on a wide scale, facing gaps in scalable technology and single-entry, multi-carrier interfaces. Brokerages merged and outgrew their suppliers. Now they dictate products, commissions, and even white-labeling solutions to assume ownership of the marketing of insurance products. With Aon-Willis Towers Watson merging,1 new mega-brokerages will have unprecedented opportunities2 to scale their businesses as they market themselves as a one-stop-shop not only for brokers but for policyholders and true digital capabilities. They demand solutions from product and service providers for the solutions needed to scale. ECONOMIES OF SCALE IN TRADITIONAL ACQUISITIONS Typically, ‘Insurer A’ buys ‘Insurer B’ and inherits their book of Historically, these M&As faced challenges in achieving economies business and technology. These acquisitions targeted distribution of scale due to a lack of scalable technology or assets to improve opportunities, extending into non-standard or specialty product efficiency as many independent carriers within the market were lines, or entering new geographic markets.
    [Show full text]
  • ESG: Transforming Energy’S Risk Landscape Energy Market Review 2020
    ESG: transforming energy’s risk landscape Energy Market Review 2020 Table of contents Energy Market Introduction ................................................................................................... 2 Review 2020 Part one – ESG risk management implications for the energy industry ESG, climate change and the energy risk landscape: a transformation in the making ...........................................................6 Enhancing your ESG response: the strategic role of the risk manager .......................................... 23 Market Capacity Figures ESG: an energy industry perspective The figures quoted in this Review are obtained from the Canadian oil sands ............................................................... 31 from individual insurers as part of an annual review conducted in January each year. They are solicited Part two – risk management issues from the insurance markets on the basis of securing Multi-risk optimisation: an approach their maximum theoretical capacity in US$ for any to hardening insurance markets ......................................................46 one risk. Although of course this capacity is offered to all buyers and their brokers, the individual capacity Geopolitical risk: dealing with Newton’s Third Law in the energy sector ......................................................... 51 figures for each insurer provided to us are confidential and remain the intellectual property of Willis Towers Drones: dangerous or beneficial? ....................................................57
    [Show full text]
  • Large-Cap Growth Equity Portfolio Update
    Large-Cap Growth Equity Q3 2017 Portfolio Update INVESTOR PRESENTATION 1974 2017 Strictly Confidential. Not For Distribution. September 30, 2017 LATEEF PERFORMANCE QTD YTD 3 yr 5 yr 7 yr 10 yr Lateef Large-Cap Growth Equity* 2.38 12.87 5.59 8.42 10.09 5.17 S&P 500® 4.48 14.24 10.81 14.22 14.38 7.44 *Performance for Lateef Non-Taxable Large-Cap Growth Equity Composite (net of fees), as of September 30, 2017. See full Performance Report with disclosures, as of September 30, 2017, on page 12. The S&P 500® Index is an unmanaged stock market index and is not available for direct investment. The S&P 500® Index is comprised of 500 common stocks which are generally representative of the U.S. stock market. The information presented on this slide supplements the Lateef Non-Taxable Large-Cap Growth Equity Composite provided in this presentation and is provided as supplemental information. Past performance does not guarantee future results. Performance is shown net of fees. 1974 2017 This document is not complete without the “Important Disclosures” pages. 1 | Strictly Confidential. Not for Distribution. Q3 2017 PORTFOLIO HIGHLIGHTS* Leaders Total Mkt. Performance Laggards Total Mkt. Performance Return Contribution Return Contribution Facebook 13.2% 0.9% Newell Brands -20.0% -1.0% Visa 12.4% 0.8% Advance Auto Parts1 -27.7% -0.9% Autodesk 11.3% 0.7% Allergan -15.4% -0.8% 1Position sold in August 2017. Total Market Return represents Representative Account holding period return. Note: The Total Market Return reflects the stock price performance, including dividend income, for Q3 2017.
    [Show full text]
  • Connecticut RIMS Virtual Meeting RMIS Report Findings
    It is the policy of the Risk and Insurance Management Society, Inc. to comply in all respects with federal and state anti-trust laws. This meeting will follow a formal, pre- approved agenda for the purpose of conducting the business of the Society. Accordingly, discussion of any Anti-Trust matters relating to competition among our members or Statement relating to practices that may restrain trade with third parties is not permitted. These prohibited subjects include prices, discounts, allocating territories or customers, boycotts or any other statements that may be construed as being anti-competitive. Fairfield Westchester RIMS Virtual Meeting RMIS Report Findings David A. Tweedy, CMC Redhand Advisors LLC Fairfield Westchester RIMS Wednesday, June 10, 2020 Today’s Virtual Speakers: Pam Ferrandino and Jennifer Turner, Gallagher Bassett David Tweedy, Redhand Advisors Redhand Advisors publishes the RMIS Report, the most comprehensive report on the Risk Management Information System (RMIS), Claims Management/Administration System and Enterprise Risk Management (ERM) System marketplaces. The widely read guide is downloaded by more than 3,000 risk management professionals each year. Our customer survey is completed by more than 1,000 industry professionals. The report provides in-depth analysis and commentary on the marketplace, industry trends, detailed provider profiles and analysis of the overall market. RMIS REPORT Copyright © 2020 Redhand Advisors. All rights reserved. Contact Information David A. Tweedy, Senior Advisor, Redhand Advisors Email: [email protected] Phone: 401-965-3402 Pam Ferrandino, Vice President, National Market Engagement, Gallagher Bassett Email: [email protected] Phone: 860-712-0359 Jennifer Turner, Senior Vice President, Product Manager Luminos Email: [email protected] Phone: 630-694-5274 To get the RMIS Report, visit: www.rmisreport.com For more information, contact us at: www.redhandadvisors.com President: KELLEY SHAPIRO, Related Vice President: JAMIE SHILLER, PepsiCo, Inc.
    [Show full text]
  • Wall Street Money in Washington 2019–2020 Campaign and Lobby Spending by the Financial Sector
    2019–20 March 2021 Election Cycle Wall Street Money in Washington 2019–2020 Campaign and Lobby Spending by the Financial Sector In the 2019–20 election cycle, Wall Street banks and financial services interests reported spending $2.9 billion to influence decision-making in Washington.1 That total – officially reported expenditures on campaign contributions and lobbying – works out to $4 million a day. A total of 591 financial sector companies and trade associations spent at least $500,000 each during this period. In the last election cycle, the financial services industry boosted spending on politics to its highest level ever, a full 50 percent above the previous record of $2 billion in the presidential cycle of 2015-16. The extraordinary amount of cash reflects the industry’s enduring effort to influence policy no matter which party controls Congress and the executive branch. It also reflects, for those Democrats who sought their party’s presidential nomination, an expensive primary process. Wall Street poured money into campaign coffers of both presidential candidates and seems to have made a particular effort to preserve Republican control of the Senate to both lock in pro-industry measures passed during the Trump administration and to forestall reform under President Biden.2 Notably, the contributions from the financial sector3 to organizations making independent expenditures exploded in the 2019-20 cycle, to more than double the level reported in the last presidential cycle. All these contributions flowed before the country began a much-needed debate on corporate money in politics in the wake of the Jan. 6 insurrection at the U.S.
    [Show full text]
  • Insurance M&A Performance Tracker
    Use this cover with a full bleed aerial photo using dense code. Adjust code to accommodate photo. Insurance M&A Performance Tracker Measuring the correlation between acquisitions and share price performance Performance from January 2016 to July 2017 A year of megadeals, political instability and strong equity markets has left insurance acquirers underperforming. But that doesn’t mean the industry should discount M&A all together – the long-term gains are encouraging. Table of contents Insurance M&A What is the Insurance M&A Performance Tracker? ......................................... 2 High value and political volatility Performance Tracker deliver underperformance in 2016 .........................................................................................3 Measuring the correlation between Methodology .......................................................................................................................................................6 acquisitions and share price performance About Cass Business School .........................................................................................................7 About Mergermarket ................................................................................................................................8 About Willis Towers Watson ........................................................................................................10 The Insurance M&A Performance Tracker 1 What is the Insurance M&A Performance Tracker? Based on analysis from Willis Towers Watson
    [Show full text]
  • User Guides, Support Service, Support and Contact Information, and Interactive Guided Tours
    PROPRIETARY MATERIALS No use of these proprietary materials is permitted without the express written consent of or license from Thomson Reuters. Altering, copying, distributing or reproducing any of these proprietary materials in any manner is expressly prohibited. DISCLAIMERS The scenarios, examples, and content within this document are used strictly for instructional purposes only. Thomson Reuters shall not be responsible for any liability directly or indirectly resulting from any outcomes or conclusions drawn from individual research discussed during the class. In response to IRS Circular 230 requirements, Thomson Reuters advises that any discussions of federal tax issues in its publications and products or in third-party publications and products on its platforms are not intended to be used and may not be used to avoid any penalties under the Internal Revenue Code, or to promote, market, or recommend any transaction or subject addressed therein. SOFTWARE LICENSE AGREEMENT The right to use the software product described in this workbook is specifically conditioned upon your execution of and compliance with a Tax Software and Services Agreement with Thomson Reuters. All contents are copyright 2020, Thomson Reuters. All rights reserved. - 2 - TABLE OF CONTENTS Table of Contents Table of Contents 3 Welcome! 16 System Requirements 17 Recommended Configuration 17 Recommended Tablet Configuration 17 Recommended Mobile Configuration 17 Browser Settings and Compatibility 17 Checkpoint Password Requirements 18 The Checkpoint Password Policy
    [Show full text]
  • Annual Reports January 1, 2017 2017 Marsh & Mclennan Companies
    2017 Opportunity in dynamic times MARSH & McLENNAN COMPANIES ANNUAL REPORT With roots dating back to 1871, Marsh & McLennan is the world’s leading professional services firm in the areas of risk, strategy and people. Our market-leading businesses help clients WE ARE COMMITTED TO: minimize risk, maximize opportunity and ENABLING CLIENT SUCCESS energize their people to achieve great things: We anticipate the needs of our clients and act as their trusted advisors. RISK & INSURANCE SERVICES FINDING THE SMARTER WAY MARSH GUY CARPENTER We never stop searching for a Insurance broking and risk Reinsurance and capital strategies better solution. management solutions WORKING SIDE BY SIDE We collaborate to harness our CONSULTING collective intelligence. MERCER OLIVER WYMAN LIVING THE GREATER GOOD Health, wealth and Strategy, economic and We act with integrity and strive career consulting brand consulting to improve our communities around the world. This annual report contains “forward-looking statements,” as defined in the Private Securities Litigation Reform Act of 1995. Please see “Information Concerning Forward-Looking Statements” on page (i) in the Form 10-K included in this annual report. “ Marsh & McLennan’s unique range of capabilities is more important today than ever. It not only sets us apart from other professional services firms, it positions us to deliver consistently strong performance, as we did again in 2017.” DAN GLASER PRESIDENT AND CHIEF EXECUTIVE OFFICER MARSH & McLENNAN COMPANIES To our shareholders, 2017 was a year of disruption and challenge for the world. It tested the resilience of millions of people affected by extreme weather and natural disasters. It strained the limits of cooperation and diplomacy among nations and within governments.
    [Show full text]
  • ESG: Transforming Energy's Risk Landscape
    ESG: transforming energy’s risk landscape Energy Market Review 2020 Table of contents Energy Market Introduction ................................................................................................... 2 Review 2020 Part one – ESG risk management implications for the energy industry ESG, climate change and the energy risk landscape: a transformation in the making ...........................................................6 Enhancing your ESG response: the strategic role of the risk manager .......................................... 23 Market Capacity Figures ESG: an energy industry perspective The figures quoted in this Review are obtained from the Canadian oil sands ............................................................... 31 from individual insurers as part of an annual review conducted in January each year. They are solicited Part two – risk management issues from the insurance markets on the basis of securing Multi-risk optimisation: an approach their maximum theoretical capacity in US$ for any to hardening insurance markets ......................................................46 one risk. Although of course this capacity is offered to all buyers and their brokers, the individual capacity Geopolitical risk: dealing with Newton’s Third Law in the energy sector ......................................................... 51 figures for each insurer provided to us are confidential and remain the intellectual property of Willis Towers Drones: dangerous or beneficial? ....................................................57
    [Show full text]
  • Download US V. Aon Complaint.Pdf
    Case 1:21-cv-01633 Document 1 Filed 06/16/21 Page 1 of 35 UNITED STATES DISTRICT COURT FOR THE DISTRICT OF COLUMBIA UNITED STATES OF AMERICA U.S. Department of Justice Antitrust Division 450 Fifth Street, N.W., Suite 4100 Washington, DC 20530 Plaintiff, v. AON plc Aon Center 200 E. Randolph Street Chicago, IL 60601 and WILLIS TOWERS WATSON plc 800 N. Glebe Road Suite 1000 Arlington, VA 22203 Defendants. COMPLAINT The United States of America, acting under the authority of the Attorney General of the United States, brings this civil antitrust action to prevent Aon plc (“Aon”) from acquiring Willis Towers Watson plc (“WTW”) in violation of the antitrust laws. I. INTRODUCTION 1. Aon’s proposed acquisition of WTW would combine two of the three largest insurance brokers in the world. It would eliminate substantial head-to-head competition and likely lead to higher prices and less innovation, harming American businesses and their customers, employees, and retirees. 1 Case 1:21-cv-01633 Document 1 Filed 06/16/21 Page 2 of 35 2. American businesses—from steel manufacturers to banks, from hospital systems to technology companies—face significant challenges as they work to provide the products and services consumers use every day. They must prepare for and manage complex and evolving risks, including physical damage to their plants and warehouses, injuries to bystanders from their operations, and significant financial errors by their executives. Businesses also face the challenge of providing attractive and cost-effective health and retirement benefits to their employees and retirees, millions of whom rely on these benefits as part of their healthcare and retirement plans.
    [Show full text]