Speaker information: Global Programmes Europe 2025

Paul Baker
Partner
DAC Beachcroft
-
Workshop: Unruly times: Political violence & terrorism (PVT) – managing PVT exposures & insurance solutions

Philippe Cotelle
Board Member
FERMA
-
Global insurance markets: where are we and where are we heading? – Regional market updates on pricing, coverage and conditions

Phillip Cremer
Global Head of Claims Performance and Liason
Allianz Commercial
Philipp Cremer is a qualified lawyer with more than 25 years of experience in corporate and specialty insurance at Allianz. He held several senior positions in claims, underwriting and distribution in Germany, the UK and Spain. As the Global Head of Claims Performance & Liaison he is a member of the global Claims management team of Allianz Commercial and his responsibilities include the claims services for multinational insurance programmes.
From nuclear settlements to social inflation: the continuing rise of liability risks – examining the litigation surge and its spread to Europe

Yvan De Mesmaeker (M.Sc.Eng.)
Secretary General
European Corporate Security Association – ECSA
-
Keynote session: Strategic resilience in a fragmented world – what corporate security can teach risk & insurance leaders

Nick Faull
Head of Climate & Sustainability Risk
Marsh
Nick Faull, Head of Climate & Sustainability Risk at Marsh, leads efforts in climate risk management. His work focuses on assisting clients in navigating decarbonisation risks and enhancing their resilience to climate-related challenges.
Adapting to new climate norms – addressing extreme weather, corporate resilience and the rise of parametric covers

Robert Geraghty
International Sales Leader, Marsh Captive Solutions
Marsh
Rob, the International Sales Leader, propels growth across Europe, the Middle East, and Asia Pacific. Formerly Marsh Bermuda's Business Development Leader, he's consulted and managed captives in Ireland, Gibraltar, and globally. Rob establishes captive vehicles for parent firms worldwide, boasting Marsh CEO recognition and a spot in Captive International's "Forty Under 40" list (June 2023). His expertise spans insurance company formation, strategy, and management, delivering comprehensive services to captives.
The new UK captive regime: what, where, when and how?

Julia Graham
CEO
Airmic
-
The new UK captive regime: what, where, when and how?

Mark Kendall
Partner
DAC Beachcroft
Mark is a partner in the DAC Beachcroft London office and leads the Global London Property and Casualty team.
He is a leading lawyer in insurance and reinsurance, whose practice incorporates policy coverage and international dispute management including arbitration.
His particular areas of focus are casualty and excess casualty, energy, renewables, construction and product liability and recall in all major sectors.
From nuclear settlements to social inflation: the continuing rise of liability risks – examining the litigation surge and its spread to Europe

Carolina Klint
Chief Commercial Officer, Europe
Marsh McLennan
Carolina joined Marsh in 2017 as CEO of Marsh’s Northwest Europe Region and was then appointed Risk Management Leader for Europe in October 2020. Before joining Marsh she held several senior positions with AIG, most recently as President of its U.S. South Region, responsible for AIG’s Commercial Business in 11 states. Carolina has also held the position of Country CEO of AIG in Sweden. She was appointed Chief Commercial Officer Europe for Marsh McLennan in April 2023.
Keynote session: Strategic resilience in a fragmented world – what corporate security can teach risk & insurance leaders

Graham McCarthy
Partner
McGill & Partners
Graham McCarthy is a Partner in Specialty Broking at McGill and Partners. He has more than two decades of experience in the international insurance industry and previously held senior leadership positions at other leading global brokers, including as Executive Director, Chief Executive, and Chief Risk Officer, where he led captive and reinsurance advisory on a global scale. In these roles, he coordinated teams across multiple domiciles and delivered strategic reinsurance strategies. He holds a Bachelor of Science degree and is ACII qualified.
The new UK captive regime: what, where, when and how?

Phil McDowell
Global Sales & Distribution Lead, International Programmes & Captives
HDI Global
Phil is a Chartered Insurer, and brings a wealth of experience from his previous roles at RSA and Allianz. Phil joined HDI in May 2025 and spearheads efforts to fortify relationships with global and international brokers. His vision includes enhancing HDI Global’s IP and Captive value proposition and driving improvements to the client/broker portal, streamlining the experience for stakeholders.
The nuts and bolts of a global programme – premium allocation, retention setting and programme coordination

Dan Sammons
Captive Manager
HDI UK & Ireland
Dan Sammons joined HDI in February 2025 from AIG, where he held a variety of roles across the Alternative Risk Transfer and Captive Underwriting units, most recently as Head of Alternative Risk Solutions UK. In this newly created role at HDI, Sammons brings extensive experience in International Programmes, Captives and Alternative Risk Transfer to further enhance the firm’s proposition to deliver strategic long-term growth. Dan will lead HDI's Captives growth strategy across UK and Ireland, and help further cement HDI’s position as a global leader in Captives and Alternative Risk Transfer.
Captives: the beating heart of a global programme – why captives are essential tools in financing global risk

Clare Searle
Senior Global Services Executive
FM
Clare joined FM in 2003 and has had roles within the UK insurance market related to Global Programmes and their execution for almost 30 years. Prior to joining FM, Clare worked within the risk management team at Orange pcs, within the Major Risks team at AIG and as a graduate trainee with Willis Towers Watson.
The nuts and bolts of a global programme – premium allocation, retention setting and programme coordination

Marina Tsokur
Regional Insurance Director (EMEA)
Cargill
Marina has 17 years of experience working as part of the Cargill Global Insurance team with businesses worldwide and manages Regional insurances in EMEA for the Cargill Group as well as its Global Marine Cargo Insurance Program, including through the use of the captive. As part of her role, she is responsible for the management and development of International Insurance Programmes for the Group with respect to cargo (globally) and EMEA (multiple lines). Marina is a Board member of Airmic and an active contributor to committees and special interest groups on captive insurance of Airmic, SIRM and Ferma.
Captives: the beating heart of a global programme – why captives are essential tools in financing global risk

Caroline Wagstaff
CEO
London Market Group
-
The new UK captive regime: what, where, when and how?

Angelika Werner
Research Director of Climate Resilience & Risk
FM
Angelika joined FM in 2023 and is leading FM's global research activities relating to climate risk from the new research and training centre under development in Luxembourg. Direct reports to this position currently include a diverse team of scientists studying flood, wildfire, temperature events, wind, and other severe storms located in the U.S. (Norwood, Massachusetts), Asia (Singapore) and EMEA (Luxembourg). Prior to joining FM, Angelika was strategy manager for Reinsurance and Solutions at Swiss Re, where she also held positions in innovation and natural catastrophe model development. Her career includes working as a catastrophe risk analyst for Allianz, an R&D manager for Wills Re, and leading the Willis Research Network Climate Hub
Adapting to new climate norms – addressing extreme weather, corporate resilience and the rise of parametric covers

Neville White
Senior Casualty Broker
Marsh
Neville has worked in the London Market for 34 years, underwriting UK and European Liability business and global Liability programmes at Allianz, Travelers and Tokio Marine Kiln.
He joined Marsh Casualty Placement team in 2021, placing retail, automotive, manufacturing, chemicals and life science accounts.
From nuclear settlements to social inflation: the continuing rise of liability risks – examining the litigation surge and its spread to Europe

Thursday, October 2, 2025
8:15 AM - 9:00 AM	Registration and networking
9:00 AM - 9:05 AM	Welcome address
9:05 AM - 9:40 AM	Keynote session: Strategic resilience in a fragmented world – what corporate security can teach risk & insurance leaders We are living through an era of strategic instability. Multinational businesses now operate in a world increasingly defined by geopolitical fragmentation, grey zone threats, and accelerating crises—from cyber sabotage and political violence to coercive trade policies and regulatory divergence. In this keynote address, Yvan De Mesmaeker (M.Sc.Eng.), Secretary General of the European Corporate Security Association and senior advisor to multiple EU and defence bodies, will explore how corporate security is evolving in response to this volatility—and what lessons global programme leaders can draw from it. He will examine the most pressing systemic threats facing European multinationals, the shifting nature of resilience, and why alignment between corporate security, risk, and insurance functions is essential in today’s risk environment. Yvan De Mesmaeker (M.Sc.Eng.), European Corporate Security Association – ECSA Carolina Klint, Marsh McLennan
9:40 AM - 10:30 AM	Global insurance markets: where are we and where are we heading? – Regional market updates on pricing, coverage and conditions A brief rundown of the global insurance markets, looking at Europe, the US and Asia. The hard market is moderating but there are still issues such as the hardening reinsurance market, especially for property, and continued concerns overs inflation, social inflation and political and economic uncertainty around the globe. Where is the global insurance market headed in terms of rates, coverage and T&Cs? What are the outliers in terms of risks and covers, the areas of concern? Is there insurer appetite for emerging and difficult risks? What should risk and insurance managers do to secure the best possible deal in this fluid market environment? What were the big messages from Monte Carlo? Philippe Cotelle, FERMA
10:30 AM - 11:00 AM	Coffee and networking
11:00 AM - 11:30 AM	Workshop: Right here, right now: the importance of claims management – ensuring efficient, reliable claims handling across regions What are the major claims trends in the core property and liability lines? Which types of claims are causing risk managers and their insurers the biggest headaches and why? What are the expected claims black-spots and in which territories? What factors are driving these trends, both in property and liability. How is new technology and digitalisation improving claims management? And how can claims information be best used to inform risk mitigation and loss prevention efforts and improve risks?	Workshop: Unruly times: Political violence & terrorism (PVT) – managing PVT exposures & insurance solutions As political and economic instability grows, there is an increasing risk of political violence and terrorism globally. Terrorism incidents, riots, political violence around elections, and civil disturbances are becoming increasingly common, impacting global business operations. - What insurance covers are available to corporates in this area? - Is the market expanding? Is capacity available? What is the pricing outlook? - What are the key developments in wordings and exclusions? - What is covered under standard property policies? Paul Baker, DAC Beachcroft	Workshop: Getting the deal done: transactional risk insurance – understanding coverage strategies in today's deal environment Global M&A activity has been growing in the last year or so and is expected to grow steadily in the next few years. Transactional risk insurance is playing an increasingly important role in the M&A sector, helping to protect both buyers and sellers in deals. Covers include warranty and indemnity, representation and warranties, tax liability, contingent legal risk, and environmental liability insurance. - What are transactional risks and how can they be mitigated? - What insurance covers are available and what do they cover? - How is the transactional risk insurance market looking for 2025?
11:30 AM - 12:15 PM	Adapting to new climate norms – addressing extreme weather, corporate resilience and the rise of parametric covers Climate-related risks are on the increase as climate change brings record-breaking temperatures, increased flooding, devastating wildfires and more powerful storms. Adapting to the new climate “norms” is crucial, and the key is building resilience. - What is happening in the nat cat re/insurance market? - Where is the current market in terms of covers, pricing, T&Cs and availability of insurance for extreme weather. - How is the insurance industry looking to help corporates improve their resilience? - What is the role of parametric covers and captives in financing climate risks? Angelika Werner, FM Nick Faull, Marsh
12:15 PM - 1:00 PM	From nuclear settlements to social inflation: the continuing rise of liability risks – examining the litigation surge and its spread to Europe Around the world, liability risks are increasing, driven by litigation, regulations and consumer awareness. Social inflation is a huge issue, leading to massive claims and legal expenses. Class actions are a continuing problem in the US, where costs are spiralling and becoming unsustainable, with a worrying trend toward nuclear verdicts. There are concerns that the EU’s Collective Redress Directive and the Product Liability directive will see the issue growing in Europe. There is a significant trend towards opt-out class actions in Europe, with the UK, the Netherlands and Slovenia introducing far-reaching mechanisms in recent years. Third party litigation funders across Europe are growing, and some US plaintiffs’ attorneys are opening offices in Europe. - What does this mean for the liability insurance sector in terms of capacity, rates, T&Cs? - What strategies are there available to corporates to tackle social inflation? - Will US style nuclear verdicts start to be seen in Europe? - Which areas are most affected by social inflation? Mark Kendall, DAC Beachcroft Phillip Cremer, Allianz Commercial Neville White, Marsh
1:00 PM - 2:00 PM	Lunch and networking
2:00 PM - 2:45 PM	Captives: the beating heart of a global programme – why captives are essential tools in financing global risk Many multinationals with global programmes will also have a captive insurer. A captive’s involvement in the setting and funding of retentions can be vital to a multinational programme. A captive is the one of the most cost-efficient ways to fill the gap between the group retention and the local retention levels. In addition, a captive can facilitate the ability to allocate premium to subsidiaries and operating units, and thereby improve loss control and risk management. - How important is a captive to a global insurance programme? - Is there a central role to be played, especially around retention levels and co-ordinating the different covers of subsidiaries around the world? - How can a captive be used in a global programme – as a primary insurer, reinsurer, or excess insurer? - Is the location of the captive relevant to a global programme in terms of regulatory and tax compliance? Marina Tsokur, Cargill Dan Sammons, HDI UK & Ireland
2:45 PM - 3:15 PM	Ensuring compliance: a European tax and regulatory update – navigating evolving compliance challenges Global regulations are continually shifting and impacting local markets as never before. This session provides an overview of the shift in regulations and the likely direction of travel for future regulation. It also provides an update on the tax situation around global programmes, and will examine some of the key considerations around insurance premium tax for multinational insurance programmes, including the implications of differing coverage mechanisms in global programmes, including Freedom of Services, non-admitted, DIC-DIL covers and financial interest clauses.
3:15 PM - 3:45 PM	Coffee and networking
3:45 PM - 4:30 PM	The new UK captive regime: what, where, when and how? The UK chancellor’s announcement that it will support the creation of a regime for captives in the UK has been very well received in the UK risk and insurance management community. One leading captive expert has suggested that if done well the UK could become the world’s biggest captive domicile in 10 years. This session will investigate how exactly the regime will be created, what types of captives will be formed and how the London market can support the initiative among other important questions for risk managers. This session will address the following core questions: UK captive regime: What’s the status, timeline and future of the UK onshore captive plan? Location strategy: Why choose the UK over traditional offshore captive centres? Captive scope: What types of captives will the new regime support (e.g. PCCs, third-party writers)? London market advantage: How do Lloyd’s and the wider market boost the UK’s captive appeal? Capability & talent: Does London have the expertise to support captives, and how can gaps be filled? Global positioning: Can the UK become a leading domicile and attract global captives? Julia Graham, Airmic Caroline Wagstaff, London Market Group Robert Geraghty, Marsh Graham McCarthy, McGill & Partners
4:30 PM - 5:15 PM	The nuts and bolts of a global programme – premium allocation, retention setting and programme coordination Crucial areas for a successful global programme include premium allocation and the setting of retention levels. What needs to be considered when allocating premium? How much flexibility is there? What tax and regulatory requirements are there? It is vital to avoid conflict with local operations and this requires dialogue and clear communication of benefits. On the setting of retention levels, multinationals must achieve a balance between the parent’s desire for a higher retention level and the benefits that it will bring, and the need to satisfy the subsidiaries’ requirements of a realistic retention level and the ability to finance it. This issue of internal pooling and funding the gap is crucial, and a captive can often play a key role. Clare Searle, FM Phil McDowell, HDI Global
5:15 PM - 7:00 PM	Drinks reception

Thursday, October 2, 2025

8:15 AM - 9:00 AM

Registration and networking

9:00 AM - 9:05 AM

Welcome address

9:05 AM - 9:40 AM

Keynote session: Strategic resilience in a fragmented world – what corporate security can teach risk & insurance leaders

We are living through an era of strategic instability. Multinational businesses now operate in a world increasingly defined by geopolitical fragmentation, grey zone threats, and accelerating crises—from cyber sabotage and political violence to coercive trade policies and regulatory divergence.

In this keynote address, Yvan De Mesmaeker (M.Sc.Eng.), Secretary General of the European Corporate Security Association and senior advisor to multiple EU and defence bodies, will explore how corporate security is evolving in response to this volatility—and what lessons global programme leaders can draw from it. He will examine the most pressing systemic threats facing European multinationals, the shifting nature of resilience, and why alignment between corporate security, risk, and insurance functions is essential in today’s risk environment.

Yvan De Mesmaeker (M.Sc.Eng.), European Corporate Security Association – ECSA
Carolina Klint, Marsh McLennan

9:40 AM - 10:30 AM

Global insurance markets: where are we and where are we heading? – Regional market updates on pricing, coverage and conditions

A brief rundown of the global insurance markets, looking at Europe, the US and Asia. The hard market is moderating but there are still issues such as the hardening reinsurance market, especially for property, and continued concerns overs inflation, social inflation and political and economic uncertainty around the globe.

Where is the global insurance market headed in terms of rates, coverage and T&Cs?
What are the outliers in terms of risks and covers, the areas of concern?
Is there insurer appetite for emerging and difficult risks?
What should risk and insurance managers do to secure the best possible deal in this fluid market environment?
What were the big messages from Monte Carlo?

Philippe Cotelle, FERMA

10:30 AM - 11:00 AM

Coffee and networking

11:00 AM - 11:30 AM

Workshop: Right here, right now: the importance of claims management – ensuring efficient, reliable claims handling across regions

What are the major claims trends in the core property and liability lines? Which types of claims are causing risk managers and their insurers the biggest headaches and why? What are the expected claims black-spots and in which territories? What factors are driving these trends, both in property and liability. How is new technology and digitalisation improving claims management? And how can claims information be best used to inform risk mitigation and loss prevention efforts and improve risks?

Workshop: Unruly times: Political violence & terrorism (PVT) – managing PVT exposures & insurance solutions

As political and economic instability grows, there is an increasing risk of political violence and terrorism globally. Terrorism incidents, riots, political violence around elections, and civil disturbances are becoming increasingly common, impacting global business operations.
- What insurance covers are available to corporates in this area?
- Is the market expanding? Is capacity available? What is the pricing outlook?
- What are the key developments in wordings and exclusions?
- What is covered under standard property policies?

Paul Baker, DAC Beachcroft

Workshop: Getting the deal done: transactional risk insurance – understanding coverage strategies in today's deal environment

Global M&A activity has been growing in the last year or so and is expected to grow steadily in the next few years. Transactional risk insurance is playing an increasingly important role in the M&A sector, helping to protect both buyers and sellers in deals. Covers include warranty and indemnity, representation and warranties, tax liability, contingent legal risk, and environmental liability insurance.
- What are transactional risks and how can they be mitigated?
- What insurance covers are available and what do they cover?
- How is the transactional risk insurance market looking for 2025?

11:30 AM - 12:15 PM

Adapting to new climate norms – addressing extreme weather, corporate resilience and the rise of parametric covers

Climate-related risks are on the increase as climate change brings record-breaking temperatures, increased flooding, devastating wildfires and more powerful storms. Adapting to the new climate “norms” is crucial, and the key is building resilience.
- What is happening in the nat cat re/insurance market?
- Where is the current market in terms of covers, pricing, T&Cs and availability of insurance for extreme weather.
- How is the insurance industry looking to help corporates improve their resilience?
- What is the role of parametric covers and captives in financing climate risks?

Angelika Werner, FM
Nick Faull, Marsh

12:15 PM - 1:00 PM

From nuclear settlements to social inflation: the continuing rise of liability risks – examining the litigation surge and its spread to Europe

Around the world, liability risks are increasing, driven by litigation, regulations and consumer awareness. Social inflation is a huge issue, leading to massive claims and legal expenses. Class actions are a continuing problem in the US, where costs are spiralling and becoming unsustainable, with a worrying trend toward nuclear verdicts.
There are concerns that the EU’s Collective Redress Directive and the Product Liability directive will see the issue growing in Europe. There is a significant trend towards opt-out class actions in Europe, with the UK, the Netherlands and Slovenia introducing far-reaching mechanisms in recent years. Third party litigation funders across Europe are growing, and some US plaintiffs’ attorneys are opening offices in Europe.
- What does this mean for the liability insurance sector in terms of capacity, rates, T&Cs?
- What strategies are there available to corporates to tackle social inflation?
- Will US style nuclear verdicts start to be seen in Europe?
- Which areas are most affected by social inflation?

Mark Kendall, DAC Beachcroft
Phillip Cremer, Allianz Commercial
Neville White, Marsh

1:00 PM - 2:00 PM

Lunch and networking

2:00 PM - 2:45 PM

Captives: the beating heart of a global programme – why captives are essential tools in financing global risk

Many multinationals with global programmes will also have a captive insurer. A captive’s involvement in the setting and funding of retentions can be vital to a multinational programme. A captive is the one of the most cost-efficient ways to fill the gap between the group retention and the local retention levels. In addition, a captive can facilitate the ability to allocate premium to subsidiaries and operating units, and thereby improve loss control and risk management.
- How important is a captive to a global insurance programme?
- Is there a central role to be played, especially around retention levels and co-ordinating the different covers of subsidiaries around the world?
- How can a captive be used in a global programme – as a primary insurer, reinsurer, or excess insurer?
- Is the location of the captive relevant to a global programme in terms of regulatory and tax compliance?

Marina Tsokur, Cargill
Dan Sammons, HDI UK & Ireland

2:45 PM - 3:15 PM

Ensuring compliance: a European tax and regulatory update – navigating evolving compliance challenges

Global regulations are continually shifting and impacting local markets as never before. This session provides an overview of the shift in regulations and the likely direction of travel for future regulation. It also provides an update on the tax situation around global programmes, and will examine some of the key considerations around insurance premium tax for multinational insurance programmes, including the implications of differing coverage mechanisms in global programmes, including Freedom of Services, non-admitted, DIC-DIL covers and financial interest clauses.

3:15 PM - 3:45 PM

Coffee and networking

3:45 PM - 4:30 PM

The new UK captive regime: what, where, when and how?

The UK chancellor’s announcement that it will support the creation of a regime for captives in the UK has been very well received in the UK risk and insurance management community. One leading captive expert has suggested that if done well the UK could become the world’s biggest captive domicile in 10 years. This session will investigate how exactly the regime will be created, what types of captives will be formed and how the London market can support the initiative among other important questions for risk managers.

This session will address the following core questions:

UK captive regime: What’s the status, timeline and future of the UK onshore captive plan?
Location strategy: Why choose the UK over traditional offshore captive centres?
Captive scope: What types of captives will the new regime support (e.g. PCCs, third-party writers)?
London market advantage: How do Lloyd’s and the wider market boost the UK’s captive appeal?
Capability & talent: Does London have the expertise to support captives, and how can gaps be filled?
Global positioning: Can the UK become a leading domicile and attract global captives?

Julia Graham, Airmic
Caroline Wagstaff, London Market Group
Robert Geraghty, Marsh
Graham McCarthy, McGill & Partners

4:30 PM - 5:15 PM

The nuts and bolts of a global programme – premium allocation, retention setting and programme coordination

Crucial areas for a successful global programme include premium allocation and the setting of retention levels. What needs to be considered when allocating premium? How much flexibility is there? What tax and regulatory requirements are there? It is vital to avoid conflict with local operations and this requires dialogue and clear communication of benefits.
On the setting of retention levels, multinationals must achieve a balance between the parent’s desire for a higher retention level and the benefits that it will bring, and the need to satisfy the subsidiaries’ requirements of a realistic retention level and the ability to finance it. This issue of internal pooling and funding the gap is crucial, and a captive can often play a key role.

Clare Searle, FM
Phil McDowell, HDI Global

5:15 PM - 7:00 PM

Drinks reception