Drone Demonstration with Ansvar

Thanks to all members who attended our Drones Demonstration with Ansvar Insurance down at Trumper oval on Thursday, 7th February 2019.

Matt Holland from Ansvar Risk Management Services ran a really informative and engaging session on the work he has been doing over the past few years in developing the Ansvar drone program. We gained a lot of insight into the utility of drones in our industry; from gathering information for surveys during the underwriting stage, to time and cost efficiencies in claims handling.

Matt demonstrated various pre-programmed flight paths that he would typically use in combination with photogrammetry and other laser technology to create 3D visuals and flood/storm maps amongst other output. This output is then used by underwriters, brokers and clients for risk and claims management. During the demonstration, dog walkers in the vicinity watched on, along with LDG members, as the drone flew in various formations across the oval and grand stands at Trumper Oval. We were able to see a live POV feed transmitting from the drone on a screen set up from the flight control center at the fence of the park. After the drone successfully landed, we were taken through the component parts and costs associated with the two drones brought along from the Ansvar aviation hanger. The investment from Ansvar into this program was clear. Due to the sophistication of their technology, they are able to detect 3-4mm tile cracks from a drone height of 70m.

DCIM100MEDIADJI_0053.JPGOnce the drone mission was complete, members congregated at the Four In Hand pub for an informal debrief enjoyed by all.

A massive thanks to Matt Holland and Jenny Bax at Ansvar for supporting this unique event. A big thanks to Matt in particular for passionately sharing his vast knowledge and experience in using drone technology. Matt pioneered the drone program at Ansvar, which has now developed into being one of the most advanced in the Australian/New Zealand risk management/insurance market place.

Finally, a big thank you to our gold sponsor Wotton + Kearney for their ongoing sponsorship making events like these possible and free for our members to attend.





Future of Environmental Risk

Thanks to all members who attended our Future of Environmental Risk event on the 5th September 2018 hosted @ Lloyd’s Australia.

A particular thanks to our panelists Karl Sullivan (General Manager Risk, Insurance Council Of Australia), Tim Andrews (Principal, Finity Consulting) and Chris Mackinnon (General Representative and Country Manager, @Lloyd’s Australia) for a lively and engaged discussion centering on climate risk.

Speaker presentations and the subsequent panel discussion canvassed big topics including changes in regional weather patterns throughout Australia, the merits and challenges associated with mitigation, asymmetry of information between insurers and consumers, street-address-based pricing models and the viability of government pools.

enviornmental risk - crowdA big congratulations to Lloyd’s Development Group committee member Evan Ainslie for putting this event together. As always, we are grateful to our Gold Sponsors Wotton + Kearney for their continued support of the Lloyd’s Development Group to provide free educational and networking events to our members.


Side C – Sidelined?

We’re thrilled at the success of last night’s Lloyd’s Development Group event – “Side C – Sidelined?” hosted by our Gold Sponsor Wotton + Kearney where an experienced industry panel including Richard Head, Ewen McKay and Andrew Moore presented on some of the current challenges facing the Australian D&O market.

For those interested in more detail on the topic, here is a link to the joint Wotton + Kearney / AXA XL, a division of AXA white paper put together by two of our panellists Ewen McKay & Andrew Moore. https://lnkd.in/grVy7jC We look forward to see you all at the next LDG event!

Thanks for coming: Revisiting the Collapse of HIH

As the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry continues, the Lloyd’s Development Group invited members down to the Lloyd’s hub at 1 O’Connell Street last night to revisit the extraordinary collapse of HIH and the Royal Commission that followed.

We were really thrilled to have Andrew Main as our keynote speaker for this event. Andrew is a Gold Walkley award winning financial journalist who reported for the AFR on the HIH Royal Commission as it happened. He later went on to write a book on the subject titled “Other People’s Money  – The complete story of the extraordinary collapse of HIH”.

Andrew Main talk

Andrew threaded together a tale of the makings of the HIH collapse with humour, intellect and a quickly apparent depth of knowledge on the subject. The audience enthusiastically followed Andrew down every rabbit whole he happened upon as he regaled the crowd with stories of the various characters and goings-on of that culminated in one of the largest corporate collapses in Australian history.

A massive thanks to our sponsors Wotton + Kearney for their ongoing support and also to Chris Mackinnon @ Lloyd’s for hosting the event. Thanks to all those who attended and we hope you found it as fascinated as we did!

Next event announced: 1st August 2018

Revisiting the extraordinary collapse of HIH: a keynote address by Andrew Main

Wednesday, 1st August, 2018, 4.30pm – 6.30pm,

@ Lloyd’s Offices, Level 9, 1 O’Connell Street, Sydney NSW 2000

Educational Seminar – Wednesday, 1st August 2018 – [FREE to attend]

97-HIH Crash Fallout Hits more Victims

From the Report of the Royal Commission into HIH Insurance, 13th May 2003:

The major companies in the HIH Insurance Group (HIH) were placed in provisional liquidation on 15 March 2001. The collapse of HIH is likely to be the largest corporate failure in Australia to date. The losses and hardship inflicted on the Australian community by this corporate failure have been significant and have been a major contributing factor to the current insurance crisis. The liquidation process could take up to ten years and the financial return to creditors is expected to be negligible.

As the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry launched in December 2017 continues, the Lloyd’s Development Group invites you to join us in revisiting the extraordinary collapse of HIH and the Royal Commission that followed.

Many of us have heard stories and the headlines of the collapse, but most of us weren’t in the market 15 years ago to experience it.

Join us as Andrew Main sheds some light on the who, what, when, where, why and how things went so wrong.

“The last days of HIH Insurance before it collapse on 15 March 2001 looked more like a closing-down sale in a bargain bazaar during a power cut than a dignified exit from the corporate scene.”

Chapter 1 – Rape and Pillage, “Other People’s Money: The Complete Story of the Extraordinary Collapse of HIH”

Following the conclusion of the keynote address, we are delighted to be serving refreshments and canapés courtesy of our sponsor Wotton + Kearney where we hope you will make the most of the opportunity to connect with fellow attendees.