Registration 8:30 am
Program 8:45 am
Lunch 12:30 pm
Anti-Money Laundering and the Office of Foreign Asset Control: Recent Developments with U.S. Sanctions and AML/OFAC Compliance for Insurance Companies
By Geoffrey Etherington
Insurance and reinsurance companies are faced with a fast paced and fluid environment where regulatory agencies are imposing strict rules and leveling harsh penalties for failure to comply with OFAC and AML requirements. This panel will review OFAC sanctions of most concern to the insurance industry and review recent developments relating to the Ukraine and Iran and what to do when OFAC or your state regulator calls.
Insurance Linked Securities: Structures and Market Update
By Aileen C. Meehan
Discussion of various structures used in ILS transactions as well as developments in the ILS market YTD 2014.
Cyber Risks: An Ever-Evolving Landscape
By Theodore P. Augustinos
In the ever expanding world of cyber risks, new threats continue to create more potent risks for businesses and greater challenges for those active in the cyber insurance market. In this briefing, members of Edwards Wildman’s Privacy and Data Protection Group will provide an update on recent developments concerning the claims and exposures generated by the latest cyber and data risks; identify the cost drivers in data incident response; and discuss the challenges and opportunities facing the industry.
This course may be used for 3.5 CLE credit hours. Edwards Wildman Palmer is an accredited provider of continuing legal education in the State of New York.
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There is no charge for attendance at this seminar. Lunch will be served. Space is limited.