Insurers in Court: A Mock Trial

Insurers in Court, a Mock Trial,’ a joint initiative by the Young Professionals Subcommittee of the Australian Insurance Law Associate and the Lloyds Development Group, was held on Thursday 23rd March 2023 at Banco Court followed by networking drinks at Verandah Bar.

AILA and LDG produce the Mock Trial Event with the intention of giving attendees an insight into Court practice and procedure, including the giving of evidence by witnesses, with the goal of giving industry members the confidence to attend Court when needed.

The Honourable Andrew Bell, the Chief Justice of the Supreme Court of NSW, presided over the mock trial. Teni Berberian and Nicholas Simone appeared as Counsel for the Plaintiffs and David Talintyre and Ashley Cameron for the Defendant. Dominique Vagi (Hutch Underwriting), Debbi Thorne (Network Insurance Group) and Julijana Sumner (AXA XL) participated as hypothetical witnesses. A huge thank you to all our participants for volunteering their time for this event!

Thank you to our AILA & LDG event organisers: Bre Bailey, Thomas Nguyen, Rebecca Badra, Gerrie Johnson and Gemma Mackinnon.

This event would not be possible without the ongoing support of our Gold Sponsor Wotton + Kearney, and the event sponsor Lander & Rogers. Thank you to Lesley Woodmore (Wotton + Kearney) and Sybilla Waring-Lambert (Lander & Rogers) for attending and speaking to our members on the night.

LDG End-of-Year Celebration with Insurance Market Update from Anja Linsmaier, head of Non-Life at Munich Re Australia

The LDG hosted our AGM and end-of-year function on Thursday 8th December 2022 at the beautiful Munich Re offices.

We were very fortunate to have Anja Linsmaier speak to our members, providing a very informative reflection on 2022 in the (re)insurance industry including the transition back to work following covid; the impact of Russia’s invasion of the Ukraine on the macroeconomic environment and inflation; and the devastating affects of catastrophe’s worldwide and closer to home in the East Coast Floods of Feb / March 2022. Anja then looked ahead to 2023 and what might be in store for the industry from 1/1 treaty renewals to ESG, insurance affordability and regulatory and compliance pressures. She finished with an important discussion on the war for talent and how our industry can attract the next generation of (re)insurance professionals. A huge thank you to Anja for volunteering her time and sharing these perspectives with us.

We rounded out the night with drinks, canapes and Christmas cheer to celebrate the end of the year and thank our members for their continued support.

This event would not be possible without the ongoing support of our Gold Sponsor Wotton + Kearney.

Private Film Screening of BackTrack Boys + opening address by Michael Lupi, Disaster Resilience Specialist @ IAG’s Safer Communities Team

In-person networking event with drinks and canapes followed by a private film screening of BackTrack Boys + opening address by Michael Lupi, Disaster Resilience Specialist @ IAG’s Safer Communities Team
Tuesday, 7th December 2021,  5pm – 9pm.
@ QT Cinema, Basement, 49 Market Street, Sydney, NSW 2000  

A big thankyou to everyone that attended and supported our first face-to-face networking event last week post-lockdown for drinks and canapes at the QT in Sydney with Michael Lupi speaking about the industry leading work of the IAG’s Safer Communities team, followed by a private film screening of the BackTrack Boys documentary.

Special thanks to Marcus Watson from BackTrack for attending on the night to introduce the film and speak about the work BackTrack does in building resilience in remote communities.

This event would not be possible without the ongoing support of our Gold Sponsor Wotton + Kearney.

Third Annual Mock Trail at Banco Court

On 27th February 2020, the Loyds Development Group in conjunction with AILA Young Professionals hosted the third annual Mock Trial event!

Held in the iconic Banco Court, we were privileged to have Julian Sexton SC and Lachlan Gyles SC appearing for our hypothetical parties in a case focussed on notifying facts and circumstances that might give rise to a claim under a PI or D&O policy.

From the insurance industry, we had Joseph Hershewe (Claims Manager at Berkshire Hathaway Specialty Insurance) and Richard Pike (Regional Reinsurance Officer at Berkley Re) participate as hypothetical witnesses for the parties.

This was a fantastic opportunity for young professionals from the insurance and law industries, to witness first-hand how an insurance related dispute unfolds in court. The cross-examination of the witnesses was eye-opening and the Honourable Thomas Bathurst AC, Chief Justice of the Supreme court of NSW, gave some thoughts at the conclusion of the mock trial on the possible outcomes of the various issues raised.

A networking event followed at Verandah where we heard from representatives from our wonderful event sponsors Clyde & Co and Wotton + Kearney. A huge thankyou to our sponsors, our counsel, witnesses and the committee members of the LDG and AILA YPs for making this event possible. We hope to see you all again next year!

LDG Study Tour 2020: Applications deadline extended until 22nd January 2020

asiapacific

The LDG is touring the Asia Pacific!

The Lloyd’s Development Group is setting out to organize for a group of 20-25 participants from the Australian reinsurance and insurance market to travel to the Asia-Pacific region.

About the tour
Over a two week period, participants will be given an invaluable opportunity to develop a working knowledge of aspects of the Asia-pacific (re)insurance market as well as forge strong relationships with their market peers with which they will be touring. During the tour, participants will meet with clients, brokers, underwriters, law firms, regulators, loss adjusters and Lloyd’s Asia offices all the time representing their individual companies and the Australian Insurance market as a whole. The study tour will also include some site visits to major infrastructure sites and other places of interest for claims case studies of major cat and risk losses.
Selected study tour participants will meet on a monthly basis prior to embarking for the study tour to select a topic and prepare a presentation to be delivered at various meetings on tour. This will include an overview of the Australian insurance market in addition to a topic of their choice. Presentation duties will be shared between selected participants on the basis of contributions during pre-tour meetings. All participants will also be involved in conducting background research into firms and markets to be visited during the tour which will be shared amongst the group.

STUDY TOUR PROPOSAL DOCUMENT

Tour Details:
Date: 25 October – 7th November 2020
Locations: 4 cities in the Asia-Pacific region: Singapore, Hanoi, Seoul and Hong Kong
Cost: AUD $6000 which covers all flights, hotels, transfers, organised events and some meals. Travel insurance to be arranged independently. Cost to be covered by sponsoring firm of applicant.
Target participants: LDG members with less than 10 years’ industry experience including any staff who work in Australia at an underwriting agency, (re) insurance company, syndicate service company or (re) insurance broking firm.

Ready to Apply?
Download the application form below. Please note all application forms must have the ‘CEO Commitment’ section signed to be considered. The application deadline is December 13th 2019. Successful applicants will be advised by late January 2020.

DOWNLOAD APPLICATION FORM HERE

Selection Criteria:

    • Must be an LDG member (Participation at previous Lloyd’s Development Group events is desirable)
    • Less than 10 years’ industry experience
    • Must be employed in Australia
    • Must be employed at one of the following:
      •  Underwriting agency
      • (Re)insurance company
      • Syndicate service company
      • (Re)insurance broking firm
      • Lloyd’s Australia
    •  Preference between candidates given based on years in the industry and diversity of experience
    • Final selection of candidates to consider achieving a balance of tour participants across companies and roles.

The Lloyd’s Development Group (LDG) encourages delegates from across the Australian Insurance industry to join the tour. The LDG Committee will make all attempts to accommodate applicants who meet the requirements, however we reserve the right to select candidates based on our own criteria.