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Sep 2021

Asia: Hybrid SIRC planned for this year

Source: Asia Insurance Review | Jul 2021

Plans are afoot to hold this year’s Singapore International Reinsurance Conference (SIRC) as a hybrid event – according to the event organisers, the Singapore Reinsurers’ Association (SRA).
 
During the SRA’s annual general meeting (AGM) on 28 May, association chairman Marc Haushofer shared some insights on plans for the upcoming 17th SIRC.
 
“With the global rollout of the COVID-19 vaccines, we are cautiously optimistic that by the time the 17th SIRC is staged in November, some of the safe management measures (SMMs) and travel restrictions that are currently in place will be eased so that we can welcome some of our loyal international supporters back to our shores,” he said.
 
“Our secretariat is already drawing up plans for a ‘hybrid event’, combining a virtual segment similar to the SIRC 2020 Re-Mind event that was organised last year, with a scaled-down ‘live event’ that will incorporate all health and safety protocols aligned with the prevailing SMMs mandated by the relevant authorities.”
 
He said, “The theme of the 17th SIRC will be ‘Re-insurance: Quo Vadis?’, which epitomises the situation that the industry faces at this critical juncture, and which offers much scope for discussion at the upcoming conference.” 
 
More details of the event will be announced in late summer.
 
Executive committee unchanged
The SRA conducted its 42nd AGM on 28 May by electronic means for the second consecutive year. A total of 15 SRA ordinary members were represented at the virtual meeting, including two by proxy.
 
Among the resolutions passed at the AGM, the three longest serving EXCO members who were retiring by rotation in accordance with the association’s rules were re-elected, resulting in an unchanged EXCO line-up for the 2021-2022 term.
 
On 2 June, the SRA EXCO passed a special resolution to confirm the re-appointment Validus Re CEO, Asia Pacific and executive vice president insurance company Marc Haushofer as SRA chairman and Allianz Reinsurance Branch Asia Pacific regional CEO and head P&C client management (incl. agriculture) Kenrick Law as deputy chairman.
 
The full line-up of the SRA EXCO for the 2021-2022 term is:
 
Position Name Member company
Chairman Marc Haushofer Validus Reinsurance, Singapore Branch
Deputy chairman Kenrick Law Allianz Reinsurance Branch Asia Pacific
Honorary secretary Theresa Wee Singapore Reinsurance Corporation
Honorary treasurer Ann Chua XL Bermuda
Members
  James Beedle Partner Reinsurance Asia
  Victor Kuk Swiss Re Asia
  Richard Lim China Reinsurance (Group) Singapore Branch
  James Park Münchener Rückversicherungs-Gesellschaft, Singapore Branch
  Christoph Spichtig SCOR Reinsurance Asia Pacific
  Pavlos Spyropolous Lloyd’s of London (Asia)
 
Mr Haushofer said, “I am honoured to have received the support and vote of confidence from my colleagues on the EXCO to continue to lead the association for another term. This past year has been exceptionally taxing for many of us. The SRA, too, has clearly been tested as well with most activities having to be organised virtually and remotely. A degree of uncertainty will become the new normal especially if this pandemic becomes endemic. However, our industry has been dealing with the ambience of meagre predictability since its early beginnings. Hence, I am convinced that we will successfully get through this eventually.” A 
 
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