CLIMATE CHANGE 2007 – the proactive and profitable management of climate change
12th & 13th March 2007, The Grange City Hotel, London
Confirmed speakers:



























Stephen Byers (former Cabinet Minister), Co-Chair of the International Climate Change Taskforce &
Chairman of the Market Mechanisms Working Group on Climate Change
Roger Harrabin, Environmental Analyst, BBC
Anthony Hilton, City Editor, Evening Standard
Peter Hubbard, CEO, AXA Insurance
Rolf Tolle, Director, Franchise Performance, Lloyd’s of London
Ernst Rauch, Head of Meteorological Risk, Geo Risk Research, Munich Re
Prof Julia Slingo, Director of Climate, National Centre for Atmospheric Science, Acting
Director, Walker Institute for Climate System Research, University of Reading & Member,
Willis Research Network
Alan Brown, Head of Investment, Schroders
Sunny Sehgal, Head of Environmental Risks, HSBC Insurance Brokers
Prof Susan Roaf, FRSA, Visiting Professor, Open University and Arizona State University
Tatiana Bosteels, Climate Change Manager, London Climate Change Agency
Prof Stuart N. Lane, Professor in the Department of Geography, University of Durham &
Member, Willis Research Network
Dr Olaf Novak, Head of Natural Catastrophe Team, Allianz Reinsurance
David Williams, Claims Director, AXA Insurance
Bill McGuire, Director, Benfield UCL Hazard Research Centre
Michael Meacher, Labour MP for Oldham West and Royton
Paul Dickinson, Co-ordinator, Carbon Disclosure Project
Warren Diogo, Climate Risk Specialist, Marsh
Bill Donovan, Climate Change Policy Advisor, Environment Agency
Jane Milne, Climate Change Manager, Association of British Insurers
Neil Mercier, Head of Property, AXA Insurance
Paul Bates, Professor of Hydrology, School of Geographical Sciences, University of Bristol,
& Member, Willis Research Network
Timothy Juliani, Markets & Business Strategy Fellow, The Pew Center
Dougie Barnett, Head of Customer Risk Management, AXA Insurance
Alice LeBlanc, Director, Office of Environment and Climate Change, AIG Corporate Affairs
Dr David Brown, Chief Actuary, HBOS
Vicki Bakhshi, Associate Director, Governance & Socially Responsible Investment, F&C Asset
Management & Member of the Corporate Leaders Group on Climate Change & Institutional
Investors Group on Climate Change (IIGCC)
DAY 1 - 12th March 2007
9.00
Registration & Coffee
9.30 Chairman’s Welcome Address
Roger Harrabin, Environmental Analyst, BBC
KEYNOTE ADDRESS
9.35 Climate Change in the 21st century
Stephen Byers (former Cabinet Minister), Co-Chair of the International Climate Change Taskforce &
Chairman of the Market Mechanisms Working Group on Climate Change
OPENING PANEL DISCUSSION
10.00 What will the world and the insurance industry look like in years if climate change is not acted
upon now?

How will the effects of climate change impact the insurance and reinsurance industry?

How should the industry react to it?

What effect will climate change have on the Bermuda and London markets?
Panellists:
Climate Change 2007 – Programme suggestion 12/02/2016
Page 1
Peter Hubbard, CEO, AXA Insurance
Rolf Tolle, Director, Franchise Performance, Lloyd’s of London
Ernst Rauch, Head of Meteorological Risk, Geo Risk Research, Munich Re
Prof Julia Slingo, Director of Climate, National Centre for Atmospheric Science, Acting Director, Walker Institute
for Climate System Research, University of Reading & Member, Willis Research Network
10.45
Morning Coffee
IMPACT OF CLIMATE CHANGE ON BUSINESSES AND INVESTORS
11.15 Managing and understanding the changing risks
Panellists:
Alan Brown, Head of Investment, Schroders
Alice LeBlanc, Director, Office of Environment and Climate Change, AIG Corporate Affairs
Vicki Bakhshi, Associate Director, Governance & Socially Responsible Investment, F&C Asset Management &
Member of the Corporate Leaders Group on Climate Change & Institutional Investors Group on Climate
Change (IIGCC)
INSURANCE FOR LOW CARBON PROJECTS
12.00 Applying traditional and new insurance solutions for low carbon and renewables projects

Managing uncertainty from development through implementation

The uncertainty of carbon credit delivery

Case studies

The future role of insurance
Panellist:
Sunny Sehgal, Head of Environmental Risks, HSBC Insurance Brokers
12.25 Networking Buffet Lunch
STREAM A
14.00 – 15.00
IMPACT OF CLIMATE CHANGE ON MEG ACITIES

Mega cities have their own climate

How can the already stretched infrastructures cope?

Attuning to the changing needs of policy holders

The effects of mega city disasters on the capital markets

Assess storm surges and flood management in urban areas
Panellists:
Prof Susan Roaf, FRSA, Visiting Professor, Open University and Arizona State University
Tatiana Bosteels, Climate Change Manager, London Climate Change Agency
Prof Stuart N. Lane, Professor in the Department of Geography, University of Durham & Member, Willis
Research Network
STREAM B
14.00 - 15.00
INCORPORATING CLIMATE CHANGE INTO UNDERWRITING STRATEGIES

The underwriting impact of catastrophic events

How catastrophic events are underwritten

How they reach the risk analysis

Types of underwriting decisions made to cover large risks
Panellists:
Dr Olaf Novak, Head of Natural Catastrophe Team, Allianz Reinsurance
David Williams, Claims Director, AXA Insurance
Dr David Brown, Chief Actuary, HBOS
15.00 Afternoon Tea
15.30 CATASTROPHE MODELLING WORKSHOP

The value of catastrophe models for the re/insurance industry

Lessons learnt from the 2004 and 2005 hurricane seasons (is 1-in-100 now more like 1-in-20?)
Climate Change 2007 – Programme suggestion 12/02/2016
Page 2


The recalibration of the models – why were they inaccurate? Are they accurate now?
The influence of global warming and the AMO (Atlantic Multi-decadal oscillation) – challenges ahead for
catastrophe modellers

Dangers of relying too much on the models
Dr David Stephenson, Reader in Statistical Climatology, University of Reading & Member of Willis Research
Network
Invitation to: EQECAT, RMS
16.30 THE SCIENTISTS’ VIEW ON CLIMATE CHANGE
Panellists:
Bill McGuire, Director, Benfield UCL Hazard Research Centre
Prof Julia Slingo, Director of Climate, National Centre for Atmospheric Science, Acting Director, Walker Institute
for Climate System Research, University of Reading & Member, Willis Research Network
17.30
Chairman’s Closing Comments and Close of Day 1
17.30 – 19.00
Evening Drinks Reception hosted by HSBC Insurance Brokers
DAY 2 – 13th March 2007
9.00
Registration & Coffee
9.30 Chairman’s Welcome Address
Anthony Hilton, City Editor, Evening Standard
OPENING ADDRESS
CUTTING EMISSIONS
9.35 The smart way to meet the Kyoto targets

International background and the Stern Review

Britain’s targets, Kyoto and beyond

Industry and the EU Emissions Trading Scheme

Transport targets, cars and air travel

Household sector, domestic trading quotas

Achieving 60%+ reductions by 2050
Michael Meacher, Labour MP for Oldham West and Royton
OPENING PANEL DISCUSSION
10.00 CARBON MARKETS: Facilitating carbon trading

Managing risk for carbon trading projects

Carbon Footprint

Providing mechanisms for participants to better manage risk while securing additional business for
insurers

Development of new products that support the carbon market
Panellists:
Paul Dickinson, Co-ordinator, Carbon Disclosure Project
Warren Diogo, Climate Risk Specialist, Marsh
Sunny Sehgal, Head of Environmental Risks, HSBC Insurance Brokers
10.45 Morning Coffee
11.00
GOVERNMENT-RUN INSURANCE POOLS
Is there a crisis looming in Insurance availability and affordability?

Reduced insurability resulting in stronger reliance on governments as insurers of last resort

Assessing the effects on consumers, businesses and the economy

From last resort to only resort – Florida’s state-run insurance pool
Morris Williams
Keyle Beattie
Partha Sarathi Panda, Infosys Technologies (India)
Climate Change 2007 – Programme suggestion 12/02/2016
Page 3
12.00
FLOOD RISK MANAGEMENT – Combating the increasing threat of flooding in the UK

Lessons learnt from New Orleans – could London withstand a major flood?

Defining what floods are

Decreasing flood defence budget puts low-cost housing and flood cover at risk

Flood risk management and storm surges

Erosion of coastlines

Will rising sea levels mean higher premiums?

Would the Dutch approach have prevented New Orleans?
Panellists:
Bill Donovan, Climate Change Policy Advisor, Environment Agency
Jane Milne, Climate Change Manager, Association of British Insurers
Neil Mercier, Head of Property, AXA Insurance
Prof Stuart N. Lane, Professor in the Department of Geography, University of Durham & Member, Willis
Research Network
Paul Bates, Professor of Hydrology, School of Geographical Sciences, University of Bristol, & Member, Willis
Research Network
13.00 Networking Buffet Lunch
GETTING AHEAD OF THE CURVE
14.00 In-depth corporate strategies addressing climate change

Why engage on climate?

The U.S. Policy Picture

Keys for success in corporate climate strategy

Case Study from the Pew Corporate Strategies report: Swiss Re
Timothy Juliani, Markets & Business Strategy Fellow, The Pew Center
MANAGING RISKS AND CONTROLLING LOSSES
14.25 Focus: physical risk management

How investors and companies can develop climate risk management strategies

Improved building codes and land-use management

Investing in energy-efficient and renewable energy technologies

Highlighting the benefits of improved management of forests, agriculture and wetlands
Panellists:
Dougie Barnett, Head of Customer Risk Management, AXA Insurance
Ernst Rauch, Head of Meteorological Risk, Geo Risk Research, Munich Re
CLOSING DISCUSSION
15.00 Gaining a competitive edge in tackling climate change

Developing new profit centers for insurers and investors alike

Providing innovative insurance products for energy users or providers of clean energy services

Action points for the industry
Panelist:
Alice LeBlanc, Director, Office of Environment and Climate Change, AIG Corporate Affairs
Invitation to: Representatives from AXA, Willis, EQECAT
Invitation to: Stephen Haddrill, Director General, Association of British Insurers
16.00 Chairman’s Closing Comments and Close of Conference
Followed by Afternoon Tea
The programme and speakers may be subject to change.
Climate Change 2007 – Programme suggestion 12/02/2016
Page 4