LMA Cyber Claims Group Forum 2024

The LMA invites you to join the Cyber Claims Group Forum.

Agenda (morning sessions)

10.00: Session One, Systemic Cyber Events and Supply Chain Risk: The Theory, the Reality and Addressing the Risk

• Systemic cyber risk and the Lloyd’s cyber market management strategy.
• How systemic incidents play out in reality using claim case studies including MoveIT, Change Healthcare and Crowdstrike.
• How and why cyber underwriters are addressing the systemic risk to protect their book and the cyber insurance market.

Panellists:

• Ashley Burdon, Cyber Claims Manager, CFC
• Tom Allen, Head of Cyber, Munich Re
• Fraser Scott and/or Patrick Davison, Underwriting Solutions Markets, Lloyd’s.

11.05: Session Two, Exploring the Intersection Between AI and the Cyber Insurance Market

• Scenario-based discussion around an AI-influenced cyber attack from a number of different viewpoints.
• A discussion around how the cyber insurance market needs to adapt to the burgeoning AI landscape.
• Does the market fully appreciate the true nature of risk associated with AI?

Panellists:

• Amit Tyagi, Partner, CMS
• Ryan Rubin, Senior Managing Director, Ankura
• Kelly Butler, Head of Cyber, Marsh
• Moderator: Adam Smith, Technical Lead, Cyber, Aspen.

12.05: Break

Agenda (afternoon sessions)

14.30: Session Three, US Data Breach Class Actions and the Effect of Legal Privilege

• Plaintiffs vs defendants – hear perspectives from a defence lawyer and a plaintiff lawyer on data breach class actions.
• Exploring the drivers behind increased the frequency and severity of class actions arising from data breaches.
• Understanding how these class actions reach resolution and what those resolutions look like.
• Insight into the motives of plaintiffs and what that means for insurers.
• Examining legal privilege, what might be discovered, how this would be used and what insurers themselves can see.
• Consideration of favourable and unfavourable venues – from all perspectives.

Panellists:

• Jason Fagelman, Head of Dispute Resolution and Litigation, Norton Rose Fulbright
• Joseph Lyon, Ohio Class Action & Product Liability Attorney, The Lyon Firm
• Tony Kriesel, Head of Professional Lines and Specialty Claims, IQUW
• Moderator: Tamsin Kalita, Claims Manager Enterprise Risk, Tokio Marine Kiln.

15.35: Session Four, Monsters Under the Bed – Regulatory Risks You Didn’t Know Were There

• An exploration of data protection legislation across the US, Europe and Australia that is flying under the radar, or has not achieved the attention it deserves.
• Analysis of the proposed US American Privacy Act, NIS 2.0, EU Digital Markets Act and the Australian Privacy Act from experts in the regions.
• Examining the implications for policyholders and insurers.
• Insight into the motives of regulators and future areas of interest.

Panellists:

• Meghan Dalton, Partner, Clyde & Co
• Patrick Hill, Partner, DAC Beachcroft
• Nicole Gabryk, Partner, Wotton + Kearney
• Moderator: Carolyn Thomas, Head of Cyber, Casualty and Financial Lines Claims, Munich Re Specialty.

Due to restricted numbers, if you register and subsequently are unable to attend, please email samantha.west@lmalloyds.com.

Audience

This event is open to Lloyd’s underwriters and claims professionals with an interest in cyber.