ENERGY INSURANCE ASIA Brochure

Business Information In A Global ContextMedia Partners:Energy Insurance Asia Forum“Very useful and topical. Definitely recommend” James Power, Underwriter, XL Insurance (Energy Insurance, London, May 2010)Insurance solutions to address and cover the risks and exposures in oil and gas exploration & productionExpert Speakers from Leading Companies, including:Leaders in the insurance, oil and gas sectors will provide you with expert advice, information and insights on:• Control of well – What is being done to eliminate or alleviate blowout risks?• What are the new hazards facing insurers in relation to offshore construction projects in Asia Pacific?• Energy insurance claims – what types of claims are we seeing and what are the discernable trends emerging?• Analysing current market wordings for pollution and third party liability – are they sufficient in light of recent losses?19th & 20th January 2011 • Hotel Novotel Singapore Clarke Quay, SingaporeWillis Global EnergyAon Benfield Energy Boots and CootsAsia Capital Reinsurance Group Pte. Ltd JLTGL Noble DentonJohn FoordHolman Fenwick WillanNSAL AssociatesQBEAgder OffshoreMiTA Services Pte LtdTorus InsuranceLondon Offshore Consultants Pte LtdInce & CoSponsored by: To register call +44 (0) 20 7878 6888 or register online at www.C5-Online.com/EnergyinsasiaTo register call +44 (0) 20 7878 6888 or register online at www.C5-Online.com/Energyinsasia“Very useful, good range of topics and helpful detail, I would recommend it”Barbara Jennings, Director Offshore Charles Taylor Consulting, (Energy Insurance, London, May 2010)Who Should Attend• Underwriters• Loss Adjusters• Warranty Surveyors• Brokers• Reinsurers • Risk Managers • Insurance Lawyers (in-house and private practice)• Consultants & other advisersThe huge losses suffered from the recent explosion on the Deepwater Horizon oil rig illustrate the high risks involved for anyone providing cover for offshore oil and gas exploration and production activities. With the Energy Insurance industry facing its biggest loss for 20 years, risk mitigation and loss prevention are firmly in the spotlight.Understanding these risks and exposures is becoming increasingly difficult for insurers in an industry where ambitious new construction projects are taking place and where drilling activity is going into ever deeper waters.With new infrastructure and technologies also being constantly developed to improve operating and capital efficiency, it is important to understand the potential hazards arising from such advances. It is, therefore, vital that anyone working in energy insurance keep up to speed with the latest developments in this fast paced arena, as only then will you have a complete understanding of the factors which impact upon risk assessment.Building on the success of the Energy Insurance Forum held in London earlier this year, C5’s Energy Insurance Asia conference will focus on the risks, challenges and opportunities facing insurers in the Asian energy insurance market. For this important event, C5 has brought together an exceptional panel of leading experts. They will share valuable information and insights on:• Assessing the latest technologies and trends emerging from oil and gas field development• What is the market outlook for the Asian energy insurance market in 2011?• Well rating – a proposed new rating system based on drilling and geological risks • Understanding the risks associated with deepwater projects• What construction claims have arisen recently and what are the lessons learned?• Understanding the basis of value and agreed methodology for offshore asset valuations• And much more...Join leading experts in the energy insurance market today. Take this unparalleled opportunity to learn from and network with those at the forefront of the industry. Be where your industry will be on January 19th and 20th. Register today to secure your place at this unique event by calling on +44 (0) 20 7878 6888 or register online at www.C5-Online.com/EnergyinasiaTo register call +44 (0) 20 7878 6888 or register online at www.C5-Online.com/EnergyinsasiaDay One: WeDnesDay 19th January 201108.00 Coffee and registration 08.45 Chair’s opening remarksJoe Hassett Executive Director Willis Global Energy09.15 the energy insurance market, outlook for 2011 and Beyond PanellistsJoe Hassett Executive Director Willis Global Energy Matthew Dunlop Senior Director Aon Benfield EnergyDr Tilak K Doshi Founder and Managing Director Energy Analytics and Consulting • Where is the market going?• Coverage- what can be obtained in the market place?- what cover is required?- what are the market trends?• What capacity is out there?- high value projects• What should be insured?• Recent fluctuations in commodity prices• What losses have been suffered recently in Asia?- what are the underlying trends?• Market response to recent catastrophic events including the deepwater horizon oil spill- what has been the effect on premiums?• Is there a trend for more treaty capacity to be given to the ceding company?• Have the actual players in the Asian energy insurance market place changed?• Growth areas in the underlying industry• How is the oil industry being managed?- will US regulation of offshore drilling activities be followed in Asia?• In view of the lack of natural disasters in the region, should there be a dispensation between Gulf of Mexico ratings and ratings in Asia?10.30 morning refreshments10.50 Control of Well: assessing and mitigating the Current risksBill Markus Global Operations Manager - Risk Management ServicesBoots and Coots Singapore PTE LTD• Assessing the difficulties in preventing well blowouts in deepwater• Recent blowouts in Asia including Montara – lessons learned• Loss prevention and loss detection - what is being done to eliminate or alleviate these risks?• Early warning signs of blowouts, how do you know when to move a rig?• New technology to reduce risk of well control events• In light of BP and Montara losses, are companies buying high enough limits for control of well coverage? 11.50 risk Based rating of oil, gas and geothermal WellsBeat R. Bolli Head of Underwriting Energy Asia Capital Reinsurance Group Pte. Ltd • Review of depth-band well rating method and its problems• Proposal of a well rating method based on drilling and geological risks• Use of an exposure function to account for limits• Maintaining the EED 8/86 cover structure and accepted differentiation between well types• Graphic examples of the improvements in rating results and transparency over the depth-band method• Specification of well information required to rate and underwrite wells• Recommendation for a well data exchange method using modern information technology12.30 lunch14.00 What are the new Hazards facing insurers in relation to offshore Construction Projects in asia Pacific? – How is the asian market responding?Richard Burridge Managing Director JLT Speaker to be Announced GL Noble DentonFax order form to +44 (0) 20 7878 6896 or register online at www.C5-Online.com/Energyinsasia• What are the new offshore construction projects for oil and gas in Asia?• What new construction technologies are being deployed?• What are the risks facing insurers from these projects?• How do project managers analyse and control the risks arising from these projects?• How are the new risks in these projects covered? • Recent trends in construction losses• What is being done by oil and gas companies to try and reduce losses?• Assessing the role of warranty surveyors in construction projects15.15 afternoon refreshments15.30 energy insurance Claims in asia: latest trends and DevelopmentsSimon Sloane Partner Holman Fenwick Willan• What are the recent upstream losses in Asia?• What types of energy claims have there been in the Asian market, are there any discernable trends emerging?• What can be learnt from the Montara loss?• Pipeline claims, pipeline damage and losses- why are there so many claims? - what are the underlying causes? - is it difficulties with buckling, the pipe laying process? 16.30 Chairman’s Closing remarks and Conference adjourns Day tWO: thursDay 20th January 20119.00 Chairman’s Welcome9.15 the latest Claims and Coverage issues in offshore ConstructionPeter Burton Senior Underwriter QBEIain Anderson Partner Ince & Co• What construction claims have arisen in recent months?• Is WELLCAR wording adequate to cater for the interests of underwriters?• Should WELLCAR wording be extended? – How can it be improved?• Mobilization and demobilization clauses and wordings - what is the cut off point between a mob and a demob, are contractors still covered after a demob?- why is demob included under a policy? - why should a contractor still be covered?10.15 morning refreshments10.30 latest technologies for oil and gas exploration and ProductionDr. Madhab Paul Managing Director MiTA Services Pte LtdAthith Gnanendran Engineering Practice Leader Torus Insurance• Oil and gas field development – new technologies and trends• The latest developments in drilling technology • Latest technologies in relation to platforms and the latest methods of operating platforms• FPSO’s - what losses have arisen from these? - are these tailor made for specific countries? - is technology being pushed too far when trying to connect to the seabed?- potential BI consequences arising from FPSO’s breaking down• The latest on FSO’s11.45 offshore energy asset Valuations in asiaGraham Copeland Managing Director John Foord • Are assets generally under-insured in Asia?• Where do the values currently come from?• What is the basis of value and agreed methodology? Replacement with new versus book value• Why are correct sums insured important?• Calculating replacement costs for offshore assets • Dealing with currency fluctuations To register call +44 (0) 20 7878 6888 or register online at www.C5-Online.com/Energyinsasia©C5, 2010• How do market forces affect the replacement value?• How do you do a valuation offshore?• How do you value 25 platforms in practice?12.45 lunch14.00 assessing the risks facing insurers in Providing Coverage for Deepwater ProjectsRoger Torbergsen Managing DirectorAgder OffshoreKent FongProject ManagerLondon Offshore Consultants Pte Ltd• What are the current difficulties associated with deep water coverage?• Subsea technology- particular problems caused by deep water- the latest developments in subsea technology- what are the typical installation methods being deployed?- what are the typical installation vessels being used?• Understanding the risks associated with deepwater projects• How to mitigate the risks associated with deep water projects• Is the project complexity properly addressed?• Sufficient schedule float?• Has the project established a detailed spare philosophy?• Has the project established a repair contingency plan?• Local repair - any technology gaps?15.00 Pollution and third Party liability risk – How is the insurance market responding?Marcel Steward Managing Director Environmental Risk Swinglehurst Ltd• Assessing the current demand for Pollution Liability Cover- how is the Asian insurance market responding to events in the Gulf of Mexico?• Do oil companies have sufficient contingency planning to deal with pollution incidents?• Should pollution liability be covered by an energy policy?• What cover should be provided - how can underwriters assess the potential losses?• What is the right price for it?• What are insurers looking at in terms of covering those types of risks?• Analysing current market wordings – are they sufficient in light of recent losses?16.00 Chair’s Closing remarks and Conference endsJohn Foord & Co was founded in London during 1828 as a specialist practice in valuation of Plant, Equipment, and Properties. During the twentieth century, John Foord established its headquarters in Singapore.Since 1991, John Foord have undertaken professional valuations throughout Asia and Middle East. John Foord carry out valuations for all types of industrial and commercial entities such as Power & Energy, Petrochemical & Refineries, Pharmaceutical, Hotels, Telecoms and Information Technology. Valuation assignments have been completed for a number of business purposes, including Insurance valuations, financial valuations, mergers & acquisitions, together with asset disposals.Sponsored by:Global Sponsorship OpportunitiesC5, along with our affiliate organisations in New York, American Conference Institute (ACI) and in Toronto, The Canadian Institute (CI), works closely with sponsors to create the perfect business development solution catered exclusively to the needs of any practice group, business line or corporation. With over 500 conferences held in Europe, Russia and the CIS, China, India, the US and Canada, C5, ACI and CI provide a diverse portfolio of first-class events tailored to the senior level executive. For more information about this program or our global portfolio, please contact: Jo Menzer on +44 (0)20 7878 6978 or email j.menzer@C5-Online.comEnergy Insurance Asia ForumPayment DetailsBY CREDIT CARD Please charge my ? AMEX ? VISA ? MasterCardNuMBER EXP. DATECARDHolDER BY CHEQuE I have enclosed a cheque for $ ___________ made payable to C5BY BANK TRANSFERC5 Communications LimitedAccount Name: C5 Communications limitedBank Name: HSBC BANK PlcBank Address: 31 Chequer Street, St Albans Herts AL1 3YN, UKBank Branch: St Albans BranchBIC ( Bank Identifier Code ): MIDLGB22IBAN ( International Bank Account Number ): GB67 MIDL 4005 1569 7326 58Sort Code: 40-05-15Account Currency USDIf you wish to pay in Euros€ or GBP£ please contact Customer ServiceDelegate DetailsNAME POSITIONAPPROVING MANAGER POSITIONORGANIZATIONADDRESS CITYPOSTCODE COUNTRYPHONE FAXEMAILTYPE OF BUSINESSPriority Service Codeevent Code: 568l11-sgPFoR MulTIPlE DElEgATE BooKINgS PlEASE CoPY THIS FoRMCall for grouP DisCounts Book 4+ places and save. Call +44 (0) 20 7878 6888.ADMINIStrAtIvE DEtAILSDate: 19th & 20th January 2011Time: 8:00 - 16:45Venue: Hotel Novotel Singapore Clarke QuayAddress: 177A River Valley Road, Singapore, 17903, SINGAPORETelephone: +65 (0)6338 3333An allocation of bedrooms is being held for delegates at a negotiated rate until 17 December. To book your accommodation please call Venue Search on tel: +44 (0) 20 8541 5656 or e-mail beds@venuesearch.co.uk. Please note, lower rates may be available when booking via the internet or direct with the hotel, but different cancellation policies will apply.DOCUMENtAtION IS PrOvIDED BY CDThe documentation provided at the event will be available on CD only. If you are not able to attend, you can purchase a CD of the presentations provided to delegates on the day of the event. Please send us this completed booking form together with payment of £350 per copy requested. For further information please call +44 (0) 207 878 6888 or email enquiries@C5-Online.com.PAYMENt POLICYPayment policy is due in full upon registering. Your entry to the event will not be guaranteed until payment has been received. All discounts will be applied to the Main Conference Only fee (excluding add-ons), cannot be combined with any other offer, and must be paid in full at time of order. Group discounts available to individuals employed by the same organisation.tErMS AND CONDItIONSYou must notify us by email at least 48 hours in advance if you wish to send a substitute participant. Delegates may not “share” a pass between multiple attendees without prior authorization. If you are unable to find a substitute, please notify C5 in writing no later than 10 days prior to the conference date and a credit voucher will be issued to you for the full amount paid, redeemable against any other C5 conference. If you prefer, you may request a refund of fees paid less a 25% service charge. No credits or refunds will be given for cancellations received after 10 days prior to the conference date. C5 reserves the right to cancel any conference for any reason and will not be responsible for airfare, hotel or any other costs incurred by attendees. No liability is assumed by C5 for changes in program date, content, speakers or venue.INCOrrECt MAILING INFOrMAtIONIf you receive a duplicate mailing of this brochure or would like us to change any of your details, please email data@C5-Online.com or fax the label on this brochure to +44 (0) 20 7878 6887. To view our privacy policy go to www.C5-Online.com/privacy_policy_statement.WEBSITE: www.C5-online.com/EnergyinsasiaREgISTRATIoNS & ENQuIRIES +44 20 7878 6888EMAIl: registrations@C5-online.comFAX: +44 20 7878 6896PlEASE RETuRN To C5, Customer Service 6th Floor, Trans-World House, 100 City Road london EC1Y 2BP, uK*8Ê': 5 EASY WAYS To REgISTERFEE PER DElEgATE Register & Pay by Dec 17, 2010 Register after Dec 17, 2010o Conference $1995 uS $2195 uS19th & 20th January 2011 • Hotel Novotel Singapore Clarke Quay, Singapore Business Information In A Global Context568I11.WEB