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Construction Risk Management 2020: Building the future of the modern world

February 27 @ 8:00 am - February 28 @ 2:30 pm

etc venues St Pauls, London, United Kingdom

Event Details

Start Date:
February 27 @ 8:00 am
End Date:
February 28 @ 2:30 pm
					

The construction industry plays an integral role in building the future of the modern world amidst many challenges. Increasingly complex projects, skills shortages and profitability concerns, mixed with the rapid pace of technology development, are collectively concocting an increasingly risky operating environment for all players.

While the pace of global construction looks set to grow, what has become evident following several large loss events in 2018 and a bumpy start to 2019, is that the losses are bigger, the tail is longer, the fallout is messier and the recovery, more complex.

However, while there’s no denying the challenges that reside in the construction industry, there is a lot to look forward to as the industry receives cash injections from governments around the world as the race to build the smart cities of tomorrow continues.

Big infrastructure projects and game-changing innovation are expected to provide a wake-up call to the industry as there will be a real call for more aligned ways of working.

Risk prevention, management and mitigation in the construction industry has never been more important. It is against this backdrop we set this year’s Construction Risk Management conference, to encourage better and more transparent communication between the sector and the insurance industry which plays a valuable role in all of this.

It’s fair to say that a number of factors have contributed to a frustration among the industry and the insurance market when it comes to the placement of risks and this conference is designed to help everyone attending gain a better understanding of the challenges and find the right risk management strategies and risk transfer solutions to cement the future of the construction industry.

Venue

Address
etc venues St Pauls
London, EC1A 4HD United Kingdom + Google Map

Day 1

08:15
Registration, Coffee & Networking
09:00
Welcome address
09:10
Opening Keynote: Building the future of the modern world
This session will identify where the protection gaps will lie and what the challenges and opportunities will be for both the sector and insurance industry.
Tom Brinded Partner McKinsey & Company
09:40
Panel discussion: Identifying, managing and mitigating risk factors in modern construction
During this session, our panellists will cover the main risk areas which currently play on the minds of the construction risk community, including:

• Collaborative contracting and new contracting models
• Pre-fabricated and modular construction
• Technology
Matt Gough Director of Innovation & Winning Work Mace
Tom Brinded Partner McKinsey & Company
Tom Clapton Senior Risk Manager QBE Europe
Joel A. Appelbaum Executive Vice President & Chief Content Officer IRMI
David Bowcott David Bowcott Global Director for Growth, Innovation & Insight Aon
10:25
Panel discussion: Insurance market outlook - CAR
The construction insurance market has changed considerably over the past 12-18 months following a string of significant losses and adjustments in risk appetite.

During this session, our panellists will revisit the main topics from Commercial Risk’s 2019 Construction Webinar to provide an update on the market and how risk transfer solutions in construction are evolving, with a specific focus on CAR products.
Peter Rudd Peter Rudd Team Leader, International Construction Aon Peter specializes in onshore construction and began working in the insurance industry 30 years ago in Melbourne, Australia with Sedgwick (and then Marsh). Peter has been working in the London market for nearly 20 years currently heads up the International construction team in London responsible for global onshore construction programmes.
Paul Marshall Risk and Insurance Manager Bechtel
Cedric Wong Cedric Wong Chairman, London Engineering Group Swiss Re Corporate Solutions
Adrian Ladbury Adrian Ladbury Editorial Director Commercial Risk Europe
11:05
Coffee & Networking
11:30
Morning workshop sessions: The risk management track - know your risks better
1. Tunnel/Underground Risk
2. Highrise risk
3. Wet works
4. Petrochemical
5. Underwriting submissions: How to best present your risk - PI submissions
Chris McTear Chris McTear Client Manager - Director | Construction and Power Aon Joined Aon in 2018, with some 25 years experience of heavy civil engineering and construction in UK, Europe and further afield. The former Head of Insurance for the Tideway project, a 24km long, 8m diameter tunnel under London, which is the UK's largest ever water industry project and before that the Insurance Risk Manager for the UK's largest civil engineering contractor.
Ron Jarvis Swiss Re
Jonathan Wiegand Jonathan Wiegand Head of Engineering and Construction Swiss Re Corporate Solutions
12:15
Panel discussion: The inconvenient truth between construction and climate change
Climate change has firmly cemented itself on the global agenda when it comes to thinking about the future and the construction industry is no exception. It’s no secret that the construction industry is one of the largest producers of CO2 emissions and this could end up changing the risk profile of the industry considerably.

As we continue to see more evidence from annual reports that contractors are thinking about climate change, how will this change future risk profiles?
Greg Lowe Global Head of Resilience and Sustainability Aon
Bernadette Hackett Bernadette Hackett Global Relationship Leader Zurich
12:55
Lunch & Networking
14:15
Afternoon workshop sessions: The insurance track (x5 Sessions)
1. Underwriting submissions: How to best present your risk - CAR submissions
2. Professional Indemnity: Deep diving into rectification costs and consequential damages cover
3. Cyber insurance - knowing your cyber ecosystem in modern day construction
4. Parametric insurance cover and why this might be relevant as a risk transfer solution
5. Inherent Defects – the unknown, unknown
Francois Riquet Director of Development, Europe Socotec
Paul Ramiz Paul Ramiz Director, Aon Innovation and Solutions Aon Paul Ramiz is a Director for Aon’s Innovation and Solutions team, primarily focussing on Weather Risk Management. With over 10 years London market experience in (Re) Insurance in various roles, He works directly with Aon’s Global Head of weather, specialising in parametric index based solutions, Alternative Risk Transfer and bespoke Non-Standard transactions.
Thomas Keist Director Swiss RE CE Innovative Risk Solution Swiss RE
15:00
Panel discussion: Exploring ways to enhance the role of Surety in Project Finance
In Europe the preference for Letters of Credit (LoC) over surety bonds has limited the optimization of surety products in project financing and strike ideal balance between debt, equity and contractors providing the security. Thus, limiting the financing options available to contractors.

Improvements in liquidity of surety has been made but lenders are still wary to accept alternatives to LoC. Our panelists will discuss the reasons behind these lender´s requirements and the potential solutions based on other territories experience.
Peter Kapler Peter Kapler Senior Vice President, National Director of Performance Security in Aon’s Construction Services Group in Canada Aon Peter is responsible for managing the Subcontractor Default Insurance and International Surety portfolios. He has deep experience in placing performance security in the Project Finance environment for national and global contractors on a number of P3 projects, as well as innovating performance security products to reduce cash backed requirements for contractors.
Sean McGroarty Global Head of Surety and Guarantee Euler Hermes
Adrian Ladbury Adrian Ladbury Editorial Director Commercial Risk Europe
15:45
Coffee & Networking
16:05
Case study: Major infrastructure projects and lessons learnt from losses.
During this session, our presenters will examine a case study concerning a large project to improve risk management in the future.
Manuela Baroncini Head of Construction, UK Zurich
16:50
Closing Remarks
17:00
Cocktail reception & Networking

Day 2

08:45
Registration, Coffee & Networking
09:20
Welcome Back and Recap of Day One
09:30
Presentation and Panel: Why is the construction claims process becoming particularly complex?
Managing large claims is always difficult. But in the construction industry it is becoming a particularly complex challenge.

The session will begin with a presentation exploring possible contributing factors and listing the most frequently disputed construction clauses. This will be followed by a panel discussion which will cover the views of the different stakeholders involved throughout the process, in search of possible solutions.
Barry Jackson Senior Claims Adjuster QBE
Jose Maria Navas Durban Executive Director, Claims Preparation Aon
Stephen Tester Stephen Tester Partner CMS
Adrian Ladbury Adrian Ladbury Editorial Director Commercial Risk Europe
10:15
Panel discussion: Insurance Market Outlook - PI
In the midst of various large-scale catastrophes over the past few years in the global construction industry, a significant increase in professional indemnity (PI) claims has generated a hardened PI insurance market within the sector.

During this session, panellists will look at what the top causes for the hardening PI market have been, what the implications are and how risk managers and insurance buyers can secure adequate insurance cover.
Thomas Anderson Group Insurance Manager Morgan Sindall
Mark Mitchell Underwriter - Professional Indemnity QBE Europe
Mark Peterson Managing Director, Professional Services Aon
Mhairi Hawken Mhairi Hawken Executive Director & Senior Vice President of Design & Consulting Firms Aon
Stephen Tester Stephen Tester Partner CMS
10:55
Coffee & Networking
11:15
Morning workshop sessions: The risk management track - know your risks better
1. Tunnel/Underground Risk
2. Highrise risk
3. Wet works
4. Petrochemical
5. Underwriting submissions: How to best present your risk - PI submissions
Chris McTear Chris McTear Client Manager - Director | Construction and Power Aon Joined Aon in 2018, with some 25 years experience of heavy civil engineering and construction in UK, Europe and further afield. The former Head of Insurance for the Tideway project, a 24km long, 8m diameter tunnel under London, which is the UK's largest ever water industry project and before that the Insurance Risk Manager for the UK's largest civil engineering contractor.
Ron Jarvis Swiss Re
Jonathan Wiegand Jonathan Wiegand Head of Engineering and Construction Swiss Re Corporate Solutions
12:00
Presentation and Panel: The new age of engineering and construction technology
There needs to be a stronger connection between technology, innovation and risk management. The opening presentation will raise the profile of the most relevant technologies out there for the construction industry. The presentation will be followed by a panel discussion which will regard how should the industry regard and implement these technologies from a risk perspective. This session will focus on the benefits of:

• BIM
• Data collection
• Contractors sharing data
Willem van Dijk Director Building Technology - Design & Engineering Heijmans
Joel A. Appelbaum Executive Vice President & Chief Content Officer IRMI
Matia Cazzaniga Matia Cazzaniga Global LoB Leader, Engineering Lines Zurich
David Bowcott David Bowcott Global Director for Growth, Innovation & Insight Aon
12:45
Lunch & Networking
13:45
Afternoon workshop sessions: The insurance track (x5 Sessions)
1. Underwriting submissions: How to best present your risk - CAR submissions
2. Professional Indemnity: Deep diving into Rectification Costs and Consequential damages cover
3. Cyber insurance - knowing your cyber ecosystem in modern day construction
4. Parametric insurance cover and why this might be relevant as a risk transfer solution
5. Inherent Defects – the unknown, unknown
Francois Riquet Director of Development, Europe Socotec
Thomas Keist Director Swiss RE CE Innovative Risk Solution Swiss RE
14:30
Closing Remarks
14:45
End of conference

For further information about speaking at this event please contact Stewart Brown: +44 (0)203 858 0190 or email sbrown@commercialriskonline.com

Manuela Baroncini Head of Construction, UK Zurich
Matt Gough Director of Innovation & Winning Work Mace
Tom Brinded Partner McKinsey & Company
Willem van Dijk Director Building Technology - Design & Engineering Heijmans
Chris McTear Chris McTear Client Manager - Director | Construction and Power Aon Joined Aon in 2018, with some 25 years experience of heavy civil engineering and construction in UK, Europe and further afield. The former Head of Insurance for the Tideway project, a 24km long, 8m diameter tunnel under London, which is the UK's largest ever water industry project and before that the Insurance Risk Manager for the UK's largest civil engineering contractor.
Thomas Anderson Group Insurance Manager Morgan Sindall
Mark Mitchell Underwriter - Professional Indemnity QBE Europe
Mark Peterson Managing Director, Professional Services Aon
Barry Jackson Senior Claims Adjuster QBE
Jose Maria Navas Durban Executive Director, Claims Preparation Aon
Peter Kapler Peter Kapler Senior Vice President, National Director of Performance Security in Aon’s Construction Services Group in Canada Aon Peter is responsible for managing the Subcontractor Default Insurance and International Surety portfolios. He has deep experience in placing performance security in the Project Finance environment for national and global contractors on a number of P3 projects, as well as innovating performance security products to reduce cash backed requirements for contractors.
Sean McGroarty Global Head of Surety and Guarantee Euler Hermes
Francois Riquet Director of Development, Europe Socotec
Paul Ramiz Paul Ramiz Director, Aon Innovation and Solutions Aon Paul Ramiz is a Director for Aon’s Innovation and Solutions team, primarily focussing on Weather Risk Management. With over 10 years London market experience in (Re) Insurance in various roles, He works directly with Aon’s Global Head of weather, specialising in parametric index based solutions, Alternative Risk Transfer and bespoke Non-Standard transactions.
Thomas Keist Director Swiss RE CE Innovative Risk Solution Swiss RE
Greg Lowe Global Head of Resilience and Sustainability Aon
Ron Jarvis Swiss Re
Peter Rudd Peter Rudd Team Leader, International Construction Aon Peter specializes in onshore construction and began working in the insurance industry 30 years ago in Melbourne, Australia with Sedgwick (and then Marsh). Peter has been working in the London market for nearly 20 years currently heads up the International construction team in London responsible for global onshore construction programmes.
Tom Clapton Senior Risk Manager QBE Europe
Joel A. Appelbaum Executive Vice President & Chief Content Officer IRMI
Paul Marshall Risk and Insurance Manager Bechtel
Matia Cazzaniga Matia Cazzaniga Global LoB Leader, Engineering Lines Zurich
David Bowcott David Bowcott Global Director for Growth, Innovation & Insight Aon
Mhairi Hawken Mhairi Hawken Executive Director & Senior Vice President of Design & Consulting Firms Aon
Stephen Tester Stephen Tester Partner CMS
Jonathan Wiegand Jonathan Wiegand Head of Engineering and Construction Swiss Re Corporate Solutions
Bernadette Hackett Bernadette Hackett Global Relationship Leader Zurich
Cedric Wong Cedric Wong Chairman, London Engineering Group Swiss Re Corporate Solutions
Adrian Ladbury Adrian Ladbury Editorial Director Commercial Risk Europe

For further information about sponsoring this event please contact Stewart Brown: +44 (0)203 858 0190 or email sbrown@commercialriskonline.com

For further information about speaking at this event please contact Stewart Brown: +44 (0)203 858 0190 or email sbrown@commercialriskonline.com

For further information about sponsoring this event please contact Stewart Brown: +44 (0)203 858 0190 or email sbrown@commercialriskonline.com

Delegate Rates

Risk and Insurance Managers - Free to attend

All other delegates - £799 (+ VAT where applicable) for the two days of the conference.

Please click here to register.

You will be taken to an external site to complete your registration. Payment can be taken in all currencies, however will be processed via WorldPay using GBP.

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