PI, D&O, FG and Reinsurance

14 September 2016, 08:16

tracyp

Changes in society, dramatic increases in social media activity and economic slumps contribute to people becoming more aware of their rights and indeed more litigious. People, generally are more likely to consult a lawyer when they lose money or feel that they have been cheated out of their due portion. Laws are being amended and new laws passed which impact us all. These factors have altered the professional liability field and a wider sector of professional people are seeking cover for liability insurance, specifically the specialised liability cover that is offered in our local market.

With this is mind, we are proud to present a panel of liability specialists that will not only cover the fundamental aspects of liability insurance but indeed delve into the realms of topics such as professional indemnity liability and the introduction of new acts in marine and cyber. We will also look into the fundamentals of reinsurance to create an awareness of the types available and risk considerations.

In light of recent legislation such as King III and the Companies Act of 2008 and the FAIS Act, protection and good governance has become crucial for all companies regardless of size or incorporation. It is incumbent on our industry to keep abreast of all these legislative changes. Failure to do so could place huge exposure on our professional indemnity liability policies.

Points that will be discussed include:

Trends in liability insurance

Developments in the local market

Developments in current legislation

Case studies in professional indemnity

Management tools and conflict resolution

Duty of care as a professional in insurance

We encourage you to join us and our distinguished panel of experts to keep ahead of your game.

Meet a few of our panel speakers below.

You will receive 2 IISA CPD hours on the *Intermediate level for attending the seminar (please bring your ticket and ID document to the venue for verification purposes).

 

SPEAKERS

 

Cape Town, Durban & Johannesburg Seminars

 

Charles Lindstrom
– professional loss adjuster at Charles Lindstrom Projects CC

Lindstrom has had forty years’ experience in the practice of short-term insurance working as a company underwriter, claim supervisor, marketer, insurance broker, risk surveyor, loss adjuster and educator. He has authored several texts for various educational bodies, an essay on possible future marketing directions for the short-term industry (an effort which won him the Morgan Owen Medal for 1999, the first and only time that this award was made by the Chartered Insurance Institute to anyone outside of the UK), and an unpublished treatise on the underwriting of motor fleet insurance (coupled with an electronic management system for the practical underwriting of motor fleet business). His major published work is the Lindstrom Encyclopaedic Dictionary of Short-term Insurance. He is a fellow of the Insurance Institute of South Africa, the Institute of Risk Management South Africa, associate in risk management with the American Insurance Institute, associate of the Institute of Loss Adjusters of Southern Africa, a Chartered Insurance Institute practitioner, a past fellow of the erstwhile Insurance Brokers Association and past fellow of the Chartered Insurance Institute. He studied marketing, business strategy and business management and takes a deep interest in practical adult education (andragogics).

 

Steve von Roretz
– executive director at Leppard Underwriting

Von Roretz started at Lloyd’s of London and by 1979 was already specialising in professional indemnity (PI) with CT Bowring, now Marsh.

He arrived in South Africa in 1983 and says he was politically stone dead. Von Roretz began underwriting PI at Admiral Underwriting Agency (now SHA) and in 1985 joined Glenvaal (now AON) while specialising as a PI broker.

 As a specialist broker, he has covered the whole range of PI. Highlights of his career include managing the Consulting Engineers South Africa (CESA) PI schemes for consulting engineers, being responsible for the start of the Attorneys Indemnity Insurance Fund – and its transition to an insurance licence, establishing the JSE Liability Fund as well as conceptualising and implementing the PI structure for the Lesotho Highlands Professional Engineering Consortiums.

 Von Roretz has led and managed the various divisions, including PI, from 1986 to 2000. Thereafter, he entered Glenrand MIB Group management and was responsible for the all the short-term business units and was appointed the Glenrand MIB Group COO/CEO from 2003, leaving in 2006.

 In 2007, he became an underwriter involved in CAPIM (PI captive for chartered accountants) and bought into Leppard Underwriting in 2008, underwriting all forms of PI and liability.

 Now concerned with strategy, underwriting systems, governance, practice standards and technical matters, he is director of various UMAs and committed to the industry as a director of South African Underwriters Association (Sauma).

 

Cape Town Seminars

Daniel Breier
– senior associate at Norton Rose Fulbright South Africa

Breier is a senior associate in the dispute resolution and litigation team based in Cape Town. He specialises in marine and non-marine transport disputes, insurance litigation, insurance advice and commercial litigation. Breier has represented and provided advice to both local and international clients and has acted in a number of large High Court actions involving marine casualties, marine insurance, claims recoveries, professional liability and seafarers’ pensions. In addition, Breier regularly acts for commercial property owners, banks and other role players in the local property industry. He serves on the council of the Insurance Institute of the Cape of Good Hope (IICOGH) in the position of honorary treasurer and is a member of the Maritime Law Association of South Africa. Breier joined the practice as a candidate attorney in 2010 and was admitted as an attorney of the High Court of South Africa in February 2012.  Breier holds the degrees of bachelor of economics and bachelor of law (LLB) from Rhodes University, both awarded with distinction and academic honours.

 

Durban Seminars

Deniro Pillay
– director of Norton Rose Fulbright South Africa

Pillay is a litigation lawyer based in Durban. He joined the practice as a candidate attorney in 2008 and was appointed as a director in April 2014. Pillay’s areas of focus are in professional indemnity litigation – he acts for doctors, lawyers, accountants and auditors, insurance brokers, engineers and quantity surveyors and their professional indemnity insurers; medical law and malpractice litigation – he acts for the major private hospital groups in South Africa and their public liability insurers; banking litigation – he acts for the major banks in South Africa, particularly in respect of property related disputes; and administrative law – he acts for various corporate clients in respect of tender reviews against government departments and parastatals. Pillay obtained his bachelor of law (LLB) degree in 2006 and master of law (LLM in business law) degree in 2008 from the University of KwaZulu-Natal.

 

Malcolm Hartwell
– director of Norton Rose Fulbright South Africa

Hartwell is a director based in Durban. He is a master mariner and the team leader for transport. He has been with the group since 1994. Hartwell is a shipping lawyer and specialises in admiralty, international trade, marine insurance and all aspects of maritime casualties, in particular investigating the maritime aspects of cases involving salvage, collisions, grounding, flooding, fires, anchor dragging and cargo claims. He has been involved in most of the casualties in this region in the last twenty years.

He acts for the majority of South African marine insurers and for numerous international insurers, law firms, shipowners and P and I clubs. He has experience in claims relating to water ingress, shortages, fires, refrigerated cargo, lashing failure, latent defects and insufficiency of packaging. These cases involve urgent admiralty court proceedings to obtain arrest, interdict, discovery, production and access orders in South African courts and in arbitration proceedings, particularly in London. He has run litigation and arbitration in New York, London, Singapore, Tokyo and the DRC in the past few years alone.

Hartwell has been involved in numerous disputes with and appeals to Sars on customs-related problems. He also specialises in regulatory work, having drafted regulatory regimes for terminals in Southern Africa and for the ports of South Africa. He leads the firm’s focus group relating to Operation Phakisa, a government initiative designed to fast track the development of the economic potential of South Africa’s seas and coastline.

He spent ten years at sea serving mainly on general cargo, bulk, refrigerated and container vessels on worldwide trades. He obtained his master mariner’s foreign going certificate of competency before reading for his law degree at the University of Witwatersrand. He is currently the only master mariner in South Africa who is a director at a law firm.

In addition to being a master mariner and an attorney in the High Court of South Africa, he is a solicitor of the courts of England and Wales. Hartwell is also a member of the Master Mariners Society, Durban Marine Insurance Association and the Maritime Law Association (MLA). He has served as president of the MLA and he sits on a number of its technical sub-committees.

Hartwell was listed as a leading lawyer in the transport industry by Who’s Who Legal Transport 2015 (aviation contentious and shipping). He is also listed as a recommended shipping and transport lawyer in Legal500 2015.

 

Johannesburg Seminar

Patrick Bracher
– director of Norton Rose Fulbright South Africa

Bracher is a leading director in the banking and finance team based in Johannesburg. He has years of invaluable experience and a depth of knowledge in insurance law (pure insurance, regulatory aspects and the commercial side), financial transactions and regulatory law.

His knowledge also embraces related financial services such as the Financial Advisory and Intermediary Services Act and the Medical Schemes Act. Bracher advises many of South Africa’s insurers, the South African Insurance Association, Lloyd’s of London in South Africa, the National Credit Regulator and the Council for Medical Schemes. He is the external examiner for the University of South Africa’s postgraduate insurance courses. His commercial knowledge is supplemented by a wide-ranging knowledge of the common law and practical understanding of the law relating to consumers such as the National Credit Act, the Consumer Protection Act and the Protection of Personal Information Act – especially from the suppliers’ point of view.

Bracher is known for his clear opinions, practical advice and plain language. He edits most of the publications issued by Norton Rose Fulbright South Africa. He has written countless articles himself and presented many lectures and seminars. Bracher is a constitutional lawyer and he hosts a fortnightly radio programme on the Bill of Rights.

He commenced his legal career in the coastal city of Port Elizabeth, South Africa, straight from high school. While doing his articles, Bracher simultaneously studied law by correspondence through the University of South Africa – one of the world’s foremost correspondence universities. He qualified as an attorney at the age of 22, thereafter gaining extensive experience in most fields of law. He joined the practice in 1988.

Patrick was listed as an expert in insurance and reinsurance in Who’s Who Legal 2016.

 

REGISTER

 

21 September 2016 | Cape Town

Venue: Belmont Square Conference Centre, Rosebank

Time: 08h30 Registration | Start 09h00 – 12h30

Cost: Discounted rate for IICoGH, IISA, FIA members and RISKAFRICA subscribers. Includes a 3-month subscription to RISKAFRICA Magazine – R440

Standard ticket: R795

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22 September 2016 | Durban

Venue: L’Aperitivo Venue, Umhlanga Ridge

Time: 08h30 Registration | Start 09h00 – 12h30

Cost: Discounted rate for IICoGH, IISA, FIA members and RISKAFRICA subscribers. Includes a 3-month subscription to RISKAFRICA Magazine – R440

Standard ticket: R795

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23 September 2016 | Johannesburg

Venue: Norton Rose Fulbright Auditorium, Sandton

Time: 08h30 Registration | Start 09h00 – 12h30

Cost: Discounted rate for IICoGH, IISA, FIA members and RISKAFRICA subscribers. Includes a 3-month subscription to RISKAFRICA Magazine – R440

Standard ticket: R795

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23 September 2016 | Live Broadcast

Time: 08h30 Registration | Start 09h00 – 12h30

Cost: Login (you will receive a login and password to watch this seminar on a computer): R295

Extra delegate watching in a boardroom (you can only buy this if you have already purchased a login): R150

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