Thank you for your interest in the LOMA Financial Inforum 2008.  While online registration is now closed, we look forward to seeing you at the conference. You can register on-site beginning at 4:00 p.m. on Sunday, 
May 4. Look for us in the Estero Pre-function area at the Hyatt Regency Coconut Point.

Quick Reference
2008 Registration Brochure
Continuing Professional Education Credit
For More Information

Who Should Attend?
The Financial Inforum is designed for high-ranking financial executives in the insurance and financial services industries. CEOs and presidents; CFOs, treasurers, controllers and investment officers; as well as senior strategic planning, marketing and operations officers will be able to participate fully and contribute to the success of the event.

Program Overview
This 2-1/2 day conference brings together more than 150 high-ranking financial executives from the insurance and financial services industry and will help you save time and work smarter by offering new ideas and strategies to improve your company’s bottom line. Attend informative, relevant educational sessions and network with industry leaders and peers.

Sunday, May 4
4:00–6:00 P.M.
Registration  

6:00–7:30 P.M.
Opening Reception
Sponsored by Citi Global Transaction Services

Monday, May 5

7:00–8:00 A.M.
Continental Breakfast
Sponsored by Deutsche Bank

8:00–9:45 A.M.
Opening Keynote

Featured Speaker Steve Farber President, Extreme Leadership, Inc. In this chaotic and extreme age, business leaders must demonstrate an unprecedented level of passion, determination, foresight, dedication and fearlessness. People won’t follow empty rhetoric, but they will respond to significant, meaningful and dramatic action. As an Extreme Leader, you need the ability to influence, the power to transform and the courage to change the world of your company, your customers and your industry. In The Radical Leap, Farber shows you how to use the LEAP framework—Love, Energy, Audacity and Proof—to do just that, and radically improve your organization and your life.

An expert in business leadership and a frequent guest on news-talk shows, Farber is a senior-level leadership coach and consultant who often speaks to a wide variety of public and private organizations in virtually every arena, from the tech sector to financial services, and even the U.S. government. He worked for six years as vice president and Official Mouthpiece for the Tom Peters Company and is the author of two acclaimed books, The Radical Leap: A Personal Lesson in Extreme Leadership and The Radical Edge: Stoke Your Business, Amp Your Life, and Change The World.

9:45–10:00 A.M.
Refreshment Break
Sponsored by The Bank of New York Mellon

10:00–11:00 A.M.
General Session

Industry Outlook: The Analysts’ Perspective
Priya Mehrotra, Associate, Life Insurance, Citigroup Investment Research
Andrew Edelsberg, CPA, ALMI, Vice President, Life/Health Division, A.M. Best Company

Find out what these industry experts feel are the most pressing issues for insurance companies and what companies need to do in order to survive and thrive in the future.

11:00–11:15 A.M.
Refreshment Break
Sponsored by The Bank of New York Mellon

11:15 A.M.–12:15 P.M.
Concurrent Sessions (Select One)

Ask the Analysts
Priya Mehrotra, Associate, Life Insurance, Citigroup Investment Research
Andrew Edelsberg, CPA, ALMI, Vice President, Life/Health Division, A.M. Best Company 

This is your opportunity to pose questions to the analysts on the issues that concern you and your company.

Model Risk & Control
David L. White, Jr., FSA, MAAA, Principal, KPMG

In today’s business environment, the use of models has become an increasingly important means of evaluating, analyzing and reporting key business information.  Substantial risks are associated with the use of models which includes spreadsheets as well as more complex model structures. In many cases, model risks have begun to outpace the infrastructure that companies have in place to manage these risks. To meet the demands of today’s risk management sensitive marketplace, leaders need to be sure they have appropriate controls in place to assess and manage these risks. In this session, learn different approaches that companies are using to manage their models and how to define, identify and then manage model risks.

Optimizing Returns on Cash and Securities (Repeats on Tuesday, 12:30–1:30 P.M.)
John S. Carter, Director, Global Liquidity & Investments, Citi
Mel Deane, Director, Securities Lending, Citi

Is it possible to achieve optimum returns given risk, liquidity and yield expectations in today’s current market? In this session we will focus on two key elements for attaining this goal: cash management and securities lending. First, with the financial and credit market turmoil that has persisted in the markets since August, the focus for cash investments has been on safety, preservation of capital and liquidity. This session will focus on maximizing the efficiency of your cash, the various investment options available and how current market conditions affect the decision process. Second, in addition to the Securities lending basics and the backdrop of considerable turmoil in the cash markets, this session will also probe areas such as investments available to security lenders, different collateral types and suitable guidelines, and the pros and cons of managing your own cash versus using an agent.

12:15 P.M.
Boxed Lunch
Sponsorship still available!

1:00 P.M.
Financial Inforum Golf Classic
($75/per person. Conference attendees only)
Sponsored by Northern Trust and BMO Capital Markets

The Financial Inforum Golf Classic is open to all registrants of the LOMA Financial Inforum (no spouses or guests, please). To make the tournament affordable for everyone, Northern Trust and BMO Capital Markets sponsor the event by subsidizing a generous portion of the greens fee for each player. The tournament will be played at Coconut Point's Raptor Bay Golf Club and is the first resort course in the world to receive Audubon International's Gold Signature Sanctuary Certification. Under the guidance of Audubon International, the resort developed an ecological design that preserved the most valuable habitats on site and restored nearly 25 acres of wetlands. With no residential sites on property, the natural surroundings bring out creatures including bald eagles, blue herons, egrets, and even whooping cranes.

Miscellaneous Activities
The Hyatt Regency Coconut Point has an exciting array of activities available on site including three swimming pools, a modern fitness center, and Stillwater Spa. Also available are excursions to Big Hickory Island Beach – a private island available only to resort guests – and kayak rentals on Estero Bay. Nearby are Lover's Key State Park, Bonita Beach, and Ft. Myers Beach. Fishing excursions and Everglades adventures are available in the area, and exciting shopping can be found at the Coconut Point/Miromar Outlets and in nearby Naples.

9:30–11:30 P.M.
Hospitality
Sponsored by The Bank of New York Mellon

Tuesday, May 6  

7:00–8:00 A.M.
Continental Breakfast
Sponsored by JPMorgan Chase

8:00–9:00 A.M.
General Session

Economic Outlook for the Insurance Industry
Steven Weisbart, Ph.D., CLU, Vice President and Chief Economist, Insurance Information Institute

An extraordinary number of forces with both potentially short-term and long-term effects are aimed squarely at the Life/Health insurance industry today: Social Security's and Medicare’s problems, exploding securitization of life and health insurance risks, and the uncertain U.S. economy. Dr. Weisbart will offer his views on where the industry has been and where it might be going.

9:00–9:15 A.M.
Refreshment Break
Sponsored by Bank of America

9:15–10:15 A.M.
Concurrent Sessions (Select One)

Principles-Based Reserving & Capital
(Repeats at 1:45–2:45 P.M.)
Laura J. Hay, FSA, MAAA, National Industry Director - Life Segment, National Leader - Life/Health Actuarial Services, KPMG

Principles-based reserving and capital is not merely an actuarial topic.  It is also a financial management paradigm shift. This hotly debated change in reserving and capital rules has the potential to fundamentally shift a company’s capital position, put a strain on new business and ultimately, the firm’s competitive position in the marketplace. Hay will provide a swift overview of the current rules and move quickly toward practical issues from the financial executive's perspective. Attendees can expect to gain a broadened insight into the topic, develop an understanding of how it might impact their companies and understand the top questions that they, as financial executives, should be asking their actuaries in order to understand and, more importantly, influence the decisions to be made.

Value-Added Processing Alternatives for Non-Standard Remittances: A Case Study
Steve Susnak, Senior Vice President, PNC Treasury Management National West
Spencer Shell, Vice President and Assistant Treasurer, ING Insurance Americas
Jeff Fleming, Vice President and Director, PFPC Inc.  

When it comes to billing, collections and reconciliation, today's carriers strive to improve customer service and back-end processing at reduced costs. While some seek Check 21 solutions, new payments systems or outsourcing, one carrier adopted a new insurance premium and annuity contribution application process and reaped huge benefits. Come learn the challenges and opportunities associated with processing non-standard possibly SEC-regulated remittances generally associated with variable annuity/variable life business, and understand how to proactively evaluate your own operations to consider process re-engineering alternatives that will add value to your current business processes.

M&A Update: Trends and Targeting
Dave Simmons, Director, Deloitte Tax LLP
Daryl Polenz, Managing Director, Deloitte & Touche Corporate Finance LLC

With the advent of the softer pricing market and lower investment returns, many insurers are viewing M&A as an alternative to organic growth and a way to improved profitability.  However, many insurers lack a well-defined merger and acquisition strategy and have little experience with targeting and selecting an acquisition target. The speakers will discuss best practices with respect to M&A strategy, how to target and select your acquisition targets, and recent deal activity and trends.

10:15–10:30 A.M.
Refreshment Break
Sponsored by Bank of America

10:30–11:30 A.M.
Concurrent Sessions (Select One)

Cash Optimization
Marie Hollein, Director, Risk Advisory Services, KPMG
Kathleen C. Hoffman, Vice President & Assistant Treasurer, Prudential Financial

Many companies are currently evaluating their cash processes to find ways to manage cash more effectively in order to invest funds in the proper investment portfolio, at the proper duration, in a more timely and efficient fashion. There are a number of areas to focus on in order to achieve this objective including forecasting, cash management and automation. Participate in an interactive discussion that will explore what companies are doing to achieve Cash Optimization.

Value-Centric ERM: An Advanced Yet Practical Approach 
(Repeats at 12:30–1:30 P.M.)
Sim Segal, FSA, CERA, MAAA, Managing Director, Aon Global Risk Consulting

Learn about the common obstacles companies face in getting the most out of their ERM programs and an emerging approach that resolves these issues. This session includes case studies of how companies have achieved quick-hits with this approach, how they made different decisions with the ERM information and how they achieved stakeholder buy-in for ERM.

Financial Management – Keeping Pace with Innovation
(Repeats at 1:45-2:45 P.M.)
Lance R. Berthiaume, Vice President Financial Planning & Analysis, Old Mutual Financial Network
Craig Buck, FSA, MAAA, U.S. Life Actuarial Leader, Watson Wyatt
Kenneth A. LaSorella, Vice President, US GAAP, Sun Life Financial

The financial reporting environment in the life insurance industry is in the midst of significant change, and companies are increasingly experiencing a wide range of information-related demands from regulators, rating agencies and shareholders.  Economic Capital, MCEV, Principles-Based Reserves, and Fair Value reporting all require expertise and complex calculations to implement, but equally challenging is the ability to understand and explain the volatility in results that these methods are expected to introduce.  This session explores trends in financial management and the challenges they pose in moving from theory to practice.

11:30 A.M.-12:15 P.M.
Buffet Lunch 
Sponsorship still available!

12:30–1:30 P.M.
Concurrent Sessions (Repeats - Select One)
 

Optimizing Returns on Cash and Securities
(Repeat of Monday, 11:15 A.M.–12:15 P.M. session)  

Value-Centric ERM: An Advanced Yet Practical Approach
(Repeat of 10:30–11:30 A.M. session)

1:30–1:45 P.M.
Break

1:45–2:45 P.M.
Concurrent Sessions (Select One)

Principles-Based Reserving & Capital
(Repeat of 9:15–10:15 A.M. session)

Financial Management – Keeping Pace with Innovation
(Repeat of 10:30–11:30 A.M. session)  

7:00–10:00 P.M.
Cocktail Reception & Dinner
Cocktails Sponsored by National City Bank

Wednesday, May 7
 

7:00–8:00 A.M.
Continental Breakfast
Sponsorship still available!

8:00–9:00 A.M.
Concurrent Sessions (Select One)  

Managing Global Growth & Resources
Todd Rizzieri, SVP, International Business Development, Bank of America

Distance, geography and time present merely artificial barriers to opportunity in today’s fast-moving global marketplace. Increasing controls over bank accounts, improving returns on balances or repatriating excess funds, and strengthening FX controls are key challenges every company faces and take on greater complexity in a global environment. Learn strategies to advance your business confidently, based on an understanding of fast-evolving markets, changing regulatory environments, economic fluctuations and unfolding industry dynamics; and how to prepare your business for the Single Euro Payments Area (SEPA).

Reserve Financing Options
Scott Boug, FSA, MAAA, CFA, Vice President & Chief Pricing Actuary, Transamerica Re
Chris Smith, Vice President, Product Development, Transamerica Re

In light of the subprime mortgage meltdown, non-recourse securitizations are becoming more difficult for life insurers to structure as an XXX/AXXX reserve financing tool. Other options, however, remain available. Scott Boug and Chris Smith of Transamerica Reinsurance examine these options, their relative advantages and disadvantages, and shed light on some of the most recent developments in reserve financing.

9:00–9:15 A.M.
Refreshment Break
Sponsorship still available!

9:15–10:15 A.M.
Concurrent Sessions (Select One)

Insurance Accounting Update: GAAP and Statutory
Holly Ownby, Senior Manager, National Accounting Practice, Ernst & Young LLP

Hear an update of new GAAP and Statutory accounting topics for insurance companies, including FAS 157/159 - Fair Value Measurements, the new statutory reinsurance collateral requirements and principles-based accounting.

Insurance Benchmarking – Charting Your Course
Jack Tyniec, Specialist Leader, Insurance Benchmarking Center, Deloitte Consulting LLP
Larry Baum, Senior Lead, Insurance Benchmarking Center, Deloitte Consulting LLP

Learn about significant issues and emerging trends in the life and annuity lines of business including emerging trends in the areas of customers, products, distribution, servicing and offshoring/outsourcing; tools for navigating these trends; and the latest key performance metrics in life and annuity business operations. These trends are supported with cost and efficiency research and are underscored in the results of Deloitte Consulting’s 2007 Life (LIONS) and Annuity (ACES) benchmarking studies.

10:15–10:30 A.M.
Refreshment Break
Sponsorship still available!

10:30–11:30 A.M.
Closing Keynote

Management Mythbusters David A. J. Axson, President, Sonax Group Many of today's management practices are old enough to be retired, and, frankly, they should be! We continue to cling to beliefs, practices, and behaviors that are not just obsolete but downright dangerous to corporate health. In this entertaining and thought-provoking session, Axson seeks to root out management pomposity and egotism, isolate stupidity, and ask a few dumb questions while sacrificing a few sacred cows along the way. Just a few of the myths that will be busted include:   detailed budgets are a good thing retaining all your most talented employees is essential for success quality is job one pay for performance outsourcing reduces costs IT has strategic value

The Sonax Group is a research, educational and advisory firm that works with clients to improve the effectiveness of their business management practices. The Sonax Group was founded in 2002 by David Axson, a co-founder of the renowned benchmarking and finance transformation authority The Hackett Group and author of the books Best Practices in Planning and Management Reporting published by John Wiley in 2003 and Best Practices in Planning and Performance Management published in January 2007. Axson brings nearly 25 years of experience in advising over 200 companies on a wide range of strategic, financial and management subjects.

11:40 A.M.
Conference Adjourns

Outstanding Location Hyatt Regency Coconut Point 5001 Coconut Road Bonita Springs, Florida, USA 34134 Phone: (239) 444-1234 Fax: (239) 390-4344

Hotel Reservations: Book your hotel room early! Be sure to mention LOMA to receive the discounted hotel rate of $239 per night single/double plus 11% tax and resort fee of $12 per room per day. The group rate is available until April 11, 2008 or until the blocked rooms are sold out, whichever comes first. Check-in time is 4:00 p.m. Check-out time is 11:00 a.m. For reservations, please call the hotel directly at 239.444.1234 or 800.233.1234 by April 11, 2008.

By April 21
LOMA Member: $1,195
LIMRA (but not a LOMA) member: $1,445
Nonmember: $1,695

After April 21
LOMA Member: $1,295
LIMRA (but not a LOMA) member: $1,545
Nonmember: $1,795

Thank You to Our Sponsors!

Continuing Professional Education Credit

Intermediate level. No prerequisites or advance preparation required.
Instructional delivery method includes lecture. In accordance with the standards of the National Registry of the CPE Sponsors CPE credits are based on a 50-minute hour.

LOMA is registered with the National Association of State Boards of Accountancy as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN   37219-2417. Web site: www.nasba.org.  For more information regarding administrative policies such as complaints and refunds, please contact our offices at 770-984-6440.

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770-984-6438 (phone)
770-984-6418 (fax)
        

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