Catastrophic Cyber Risk and a Potential Federal Insurance Response
Catastrophic Cyber Risk and a Potential Federal Insurance Response Conference
presented by
Volatility and Risk Institute at NYU Stern and
U.S. Department of the Treasury’s Federal Insurance Office
Friday, November 17, 2023, 8:30am - 12:30pm
NYU Stern School of Business | 44 West 4th Street, New York, NY
The Volatility and Risk Institute and U.S. Department of the Treasury’s Federal Insurance Office's conference on "Catastrophic Cyber Risk and a Potential Federal Insurance Response" convened on Friday, November 17th, 2023 from 8:30am to 12:30pm. The full conference program is below.
Program
8:00 – 8:30 am: Registration
8:30 – 8:50 am: Welcoming Remarks
- Richard Berner, Co-Director, Volatility and Risk Institute, NYU Stern
- Steven Seitz, Director, Federal Insurance Office, U.S. Department of Treasury
8:50 – 9:05 am: Opening Keynote Speech
- Nitin Natarajan, Deputy Director, Cybersecurity and Infrastructure Security Agency
9:05 – 9:55 am: C-Suite Fireside Chat: Insuring Catastrophic Cyber Risk as a Generational Risk and Opportunity
Senior executives will discuss distinct features of cyber risk and the cyber insurance market, and whether the specific risk of catastrophic cyber incidents requires collaboration between the private market and the public sector.
- John Doyle, CEO, Marsh McLennan (moderator)
- Albert Benchimol, former CEO, AXIS Capital
- John Keogh, President and COO, Chubb
- Martin South, President and CEO, Marsh
- Jim Williamson, Group COO and Head of Reinsurance, Everest Global
9:55 – 10:45 am: Panel 1: Catastrophic Cyber Risk and the Cyber Insurance Market
Industry cyber insurance experts will discuss cyber risk and the cyber insurance market in the context of catastrophic cyber risk, including systemic cyber risk, the extent of and limits to cyber insurance coverage in the market, and the implications of policy exclusions.
- Pascal Millaire, CEO, CyberCube (moderator)
- Tracie Grella, Global Head of Cyber Insurance, AIG
- Monique Ferraro, Cyber Counsel, HSB, a Munich Re company
- Darren Pain, Director, Cyber, The Geneva Association
- Bob Wice, Head of Underwriting Management Cyber Risks, Beazley
10:45 – 11:00 am: Break
11:00 – 11:15 am: Remarks
- Drenan Dudley, Deputy National Cyber Director for Strategy and Budget, Office of the National Cyber Director
11:15am – 12:05pm: Panel 2: Catastrophic Cyber Risk as Viewed by the Policyholder
Representatives of critical infrastructure and business risk managers will provide a policyholder point-of-view on the risk of catastrophic cyber incidents, the catastrophic cyber insurance market, and a potential federal insurance response.
- Christian Hoffman, Global Cyber Leader, Aon (moderator)
- Philippe Cotelle, VP and Chair of the Digital Committee, Federation of European Risk Management Associations (FERMA); and Head of Insurance Risk Management, Airbus Defence & Space
- William Hillman, Chief Underwriting Officer and incoming President and CEO, Associated Electric & Gas Insurance Services (AEGIS)
- Kristen Peed, Treasurer, RIMS, and Director of Corporate Risk Management, CBIZ
- Monica Shokrai, Head of Business Risk and Insurance, Google Cloud
12:05 – 12:25 pm: Closing Keynote Speech
- Graham Steele, Assistant Secretary for Financial Institutions, U.S. Department of the Treasury (Remarks on US Treasury Website)
12:25 – 12:30 pm: Concluding Remarks
- Richard Berner, Co-Director, Volatility and Risk Institute, NYU Stern
- Steven Seitz, Director, Federal Insurance Office, U.S. Department of the Treasury