Sunday morning’s Forum 500 program is designed for companies with less than $2 billion in assets or $200 million or less in capital and surplus. The program will focus on issues these companies feel are the most important in doing business in today’s changing market

8:00 - 9:30 am

Forum 500: Board of Governors Meeting (Douglass)

10:00 - 10:15 am

10:15 - noon

12:15 - 1:45 pm

Luncheon: 2010 Election: Projections and Future Impact (Holiday 1)
Hear from noted pollsters from both sides of the aisle on their outlook on the upcoming mid-term election results as well as their political impact.
William D. McInturff, Partner & Co-Founder, Public Opinion Strategies
Frederick S. Yang, Partner, Garin Hart Yang Research Group

Co-sponsored by

2:00 - 4:00 pm

ACLI Board of Directors Meeting (ACLI members and their representatives only)
(Key Ballroom 10, 11)

5:00 - 5:45 pm

Reinsurance Reception (by invitation only) (Johnson)
Sponsored by

5:30 - 7:00 pm

Welcome Reception and Exhibitor Marketplace Opening (Key Ballroom 7,8)
Co-sponsored by

6:30 - 9:30 pm

Board of Directors and Directors’ Council Reception and Dinner (by invitation only)

7:30 - 8:15 am

Hot Issue Breakfast (Holiday Rooms 4, 6)
Is Derisking Worth The Risk?
Both liabilities and investment explosure are evolving as companies "derisk" their profiles, but concerns remain on both sides of the balance sheet. Standard & Poor's will provide its outlook for the life insurance sector and key issues that will prospectively impact ratings.
Speakers:Rodney Clark, Managing Director, Financial Services Ratings, Standard & Poor's;
Gregory Gaskel, Managing Director and Lead Analytic Manager, North America Insurance Ratings, Standard & Poor's; and Kevin Ahern, Senior Director, Standard & Poor's

Sponsored by

7:45 - 8:30 am

Continental Breakfast (Key Ballroom, South Foyer)
Sponsored by

8:30 - 10:15 am

General Session (Key Ballroom 6)

Welcome
Bill Press, Master of Ceremonies

Host of The Bill Press Show on Sirius Satellite Radio, Bill Press is an award-winning talk show personality, television commentator, author, and syndicated columnist, who applies his acute investigative talents to current events in Washington. With nearly 10 years experience as our master of ceremonies, Bill has developed an acute appreciation of the life insurance industry.

ACLI: Insuring the Future
Frank Keating, President & Chief Executive Officer, ACLI

Chairman’s Perspective
C. Robert Henrikson, Chairman, President, & Chief Executive Officer, MetLife

Annual Business Meeting and Elections

Keynote Session: An Insider’s Look at the Economic Scene: What’s Happening in Washington and Its Effect on Business
As the first member of President Obama’s cabinet to return to private life, Dr. Orszag will provide his insights into how legislative policies were implemented and their fiscal implications on business.
Dr. Peter R. Orszag, Former Director, Office of Management and Budget (OMB)

10:15 - 10:30 am

Refreshment Break (Key Ballroom, South Foyer)
Sponsored by

10:30 am - noon

Concurrent Sessions

Session 1: Legal/Compliance/Financial (Key Ballroom 9)
The New Age of Responsible Corporate Governance and Risk Management
As the modern regulatory environment evolves, insurance companies are being subjected to new regulatory responsibilities at the state and potentially federal levels. Increased responsibilities for officers and directors is already a reality and there is more to come. New financially-focused regulation, proposed principles-based reserving initiatives, the expanding role of audit committees and increased scrutiny of transactions within insurance holding companies are but a few of the areas of expansion. This panel will discuss the goals of the regulators and recommend best practices that can be utilized to manage these expanding responsibilities. (CLE & CPE Eligible)
Moderator: B. Scott Burton, Partner, Sutherland Asbill & Brennan LLP
Panelists: Alan J. Kreczko, Executive Vice President & General Counsel, The Hartford Financial Services Group, Inc.; Deborah J. Long, Executive Vice President, General Counsel & Secretary, Protective Life Corporation; Raymond J. Manista, General Counsel & Secretary, The Northwestern Mutual Life Insurance Company; and Mary Jane Wilson-Bilik, Partner, Sutherland Asbill & Brennan LLP

Session 2: Investment/Financial (Key Ballroom 10)
Future Value
Consuelo Mack, anchor and managing editor of WealthTrack, will discuss lessons from the financial crisis that she has gleaned from interviewing renowned investors who weathered the storm successfully. In addition, she will interview an industry panel of two CIOs and two CFOs. The focus will be on the future vision, what they are doing differently today, and what they consider their greatest challenges going forward. (CPE Eligible)
Moderator: Consuelo Mack, Anchor & Managing Editor, Wealth Track
Speakers:
Frederick J. Crawford, Senior Vice President & Chief Finance Officer, The Lincoln National Life Insurance Company; Ronald Joelson, Chief Investment Officer, Genworth Financial, Inc.;
Nicholas P. Sargen, Senior Vice President & Chief Investment Officer, Western & Southern Financial Group; and Joel M. Steinberg, Senior Vice President & Chief Actuary, New York Life Insurance Company

Session 3: Legal/Products/International (Key Ballroom 11)
The Risks and Opportunities of Being Green
After years of focusing on manufacturers, agribusiness and utilities, consumers and advocates have begun to examine the environmental practices of insurance companies. This panel will focus on best practices in the industry here and abroad and will give participants a look ahead to emerging issues.
Speakers: Marian Hopkins, Senior Director, Public Policy, Business Roundtable; Sharlene Leurig, Senior Manager, Insurance Program, CERES; and Mary O'Malley, Vice President, Local Initiatives, Prudential Financial

12:15 - 1:45 pm

Luncheon: Destruction of the Global Financial System (Key Ballroom 6)
Gain a unique perspective from Gasparino on how three decades of Wall Street greed and government mismanagement destroyed the global financial system.
Charles Gasparino, Wall Street Insider and Award-winning Journalist
Arrangements for the appearance of Charles Gasparino made through HarperCollins Speakers Bureau, New York, NY

Co-sponsored by

2:00 - 3:00 pm

Concurrent Sessions

Session 1: Legal/Compliance/Financial (Key Ballroom 9)
Deciphering and Implementing the Dodd-Frank Financial Regulatory Reform Act
With the enactment of the Dodd-Frank Wall Street Reform & Consumer Protection Act, this session will focus on the impact its provisions will have on the life insurance industry, policyholders, as well as the financial services sector as a whole. Provisions such as systematic risk determination and regulation, derivatives regulation, resolution authority, broker-dealer standards of care, the Consumer Financial Protection Bureau (CFPB), the Federal Insurance Office (FIO), the Volcker Rule, and others will be considered. (CLE & CPE Eligible)
Moderator: Julie A. Spiezio, Senior VP, Insurance Regulation & Deputy General Counsel, ACLI
Speakers: John Dembeck, Debevoise & Plimpton LLP;Wolcott B. Dunham, Jr., Esq., Partner, Debevoise & Plimpton LLP;Paul L. Lee, Partner, Debevoise & Plimpton LLP; and Nicholas F. Potter, Partner, Debevoise & Plimpton LLP

Session 2: Medical (Key Ballroom 10)
The Relationship Between Build and Mortality
Too heavy? Too lean? Does it really matter? We’ve all heard about the obesity epidemic, but how heavy is too heavy, and how lean is too lean? In this presentation, we will take a look at the relationship between build and mortality.
Speaker: Paul Quartararo, Medical Director, New York Life Insurance Company

Session 3: Products (Key Ballroom 11)
The 2010 Departments of Treasury and Labor Focus on Annuities and Lifetime Income
After receiving more than 775 responses to a request for information on lifetime income options for participants and beneficiaries in retirement plans, the Departments of Treasury and Labor are considering whether to facilitate access to and use of lifetime income and whether this would enhance retirement security for plan participants. In addition, the Administration is proposing to make it easier for individuals to annuitize a portion of their savings. This session will explore what this might mean for life insurers and their products offered through employer-sponsored retirement plans and through IRAs and nonqualified arrangements. This session also will include a discussion on the long-awaited guidance issued by the Treasury on tax treatment of reserves for variable annuities under a new NAIC guideline which became effective on December 31, 2009.
Moderator: Walter C. Welsh, Executive Vice President, Taxes & Retirement Security, ACLI
Speakers: George H. Bostick, Benefits Tax Counsel, U.S. Department of Treasury;
Robert Doyle, Director, Office of Regulations and Interpretations, Employee Benefits Security Administration; Mandana Parsazad, Senior Counsel, Taxes & Retirement Security, ACLI;
Mark Smith, Attorney Advisor, U.S. Department of Treasury; and James H. Szostek, Vice President, Taxes & Retirement Security, ACLI

3:00 - 4:00 pm

Ice Cream Social in Exhibitor Marketplace (Key Ballroom 7, 8)
Sponsored by

3:30 - 4:30 pm

Concurrent Sessions

Session 1: Legal/Compliance (Key Ballroom 9)
Planning Your Compliance with the New Suitability Model
This panel will share their company perspectives on compliance challenges and opportunities posed by the NAIC’s 2010 Suitability in Annuity Transactions Model Regulation. Panelists will discuss how various product offerings and distribution channels are impacted by the model.
(CLE Eligible)
Moderator: Carl B. Wilkerson, Vice President & Chief Counsel, Securities & Litigation, ACLI
Speakers: Martha M. Kendler, Director, Annuity Products, The Northwestern Mutual Life Insurance Company and Michael J. Tobin, Legislative Vice President, New York Life Insurance Company

Session 2: Investment/Financial (Key Ballroom 10)
Core Competitive Considerations
Given the changing financial services landscape and new regulations coming out of the economic crisis, what are strategic and competitive positioning issues for the insurance industry and where are opportunities and pitfalls? (CPE Eligible)
Moderator: Consuelo Mack, Anchor & Managing Editor, WealthTrack
Speakers:
Celeste A. Guth, Co-head of the Financial Institutions Group, Goldman Sachs; and
Devin McGranahan, Director & Co-leader, Financial Services Practice, McKinsey & Company

Session 3: Products (Key Ballroom 11)
Changing Channels: Tuning in to New Demands on Producer and Customer Service
Many insurance companies are providing both producer and customer service the same way they’ve done it for decades, but both producers and customers are demanding more. They’re increasingly mobile and connected, and they expect to interact with carriers according to their own preferences. Changes in consumer behavior and self-service expectations are poised to shape both customer and agent service over the next five years. What should your company do to keep pace with and exceed customer expectations? Learn strategies for winning insurance organizations, based on direct experience with large and small life and annuity carriers.
Speaker: Robert McDonald, Principal Consultant, CSC

5:00 - 7:00 pm

Reception in Exhibitor Marketplace (Key Ballroom 7, 8)
Co–Sponsored by

Evening

PAC Event (by invitation only)

7:30–8:15 am

Hot Issue Breakfast (Holiday 1)

Ask the Analysts
The environment that rating agencies operate in continues to evolve. Learn what A.M. Best is thinking in terms of regulatory and market developments, areas of rating concern, rating trends and methodology updates. Key members of A.M. Best's Life/Health Ratings Division will participate in this interactive session.
Speakers: Andrew Edelsberg, Vice President, A.M. Best Company; Ken Frino, Group Vice President, A.M. Best Company; and Steve Irwin, Vice President, A.M. Best Company


Sponsored By

8:30–9:30 am

General Session: The Federal Deficit Outlook (Key Ballroom 6)
The founding director of the Congressional Budget Office says federal debt is largely attributable to costs of an aging population. Rivlin warns that the rising federal debt is going to be “a real tsunami if we don’t get ahead of it.” But putting the federal budget back in balance without stalling a still-fragile economy is a huge challenge. Hear her thoughts on how to deal with this looming issue.
Alice M. Rivlin, Former Vice Chair, Federal Reserve Board and Senior Fellow, The Brookings Institution

9:30-9:45am

Refreshment Break (Key Ballroom, South Foyer)

9:45–10:45 am

Concurrent Sessions

Session 1: Legal/Compliance (Key Ballroom 9)
Litigation Update
This presentation will focus on some of the frequently recurring legal issues, trends, and tactics facing life insurance companies. Learn the most recent information on how insurers have been winning legal battles over the last 12 months. (CLE Eligible)
Moderator: Lisa Tate, Vice President, Litigation & Associate General Counsel, ACLI
Speaker: Jason A. Walters, Partner, Bradley Arant Boult Cummings LLP

Session 2: Investment/Financial (Key Ballroom 10)
M&A and Capital Raising in the Life Insurance Industry: A Review of Emerging Trends and Predictions for 2011
Although several significant life insurer acquisitions were announced this year, a number of impediments exist which could impede deal flow. In this panel discussion, mergers and acquisitions and capital markets professionals from leading investment banks will identify these obstacles and strategies for overcoming them. Bridge and acquisition financing also will be discussed. Representatives of rating agencies will participate and offer their views of what to expect in 2011.
Moderator: John Schwolsky, Co-Chair, Global Corporate Finance and Capital Markets Practice, Dewey & LeBoeuf LLP
Speakers: Kevin Ahern, Senior Director, Standard & Poor's; William J. Egan, Managing Director, Head of Global Financial Institutions Group, Bank of America Merrill Lynch; and Gavin McFarland, Managing Director, Investment Banking Division, Morgan Stanley

Session 3: Reinsurance/International (Key Ballroom 11)
Reinsurance Business Opportunities after Reform
This session will offer a practitioner's look at the three Cs—collateral, capacity, and captives. Listen to the experts discuss how the U.S. reinsurance market may change after the passage of the Nonadmitted and Reinsurance Reform Act for the 2011 annual statements. Take the opportunity to confer with your colleagues on what opportunities may evolve for ceding and assuming insurers alike.
Speakers: John Dembeck, Counsel, Debevoise & Plimpton LLP; Seema A. Misra, Partner, Stroock & Stroock & Lavan LLP; and Nicholas F. Potter, Partner, Debevoise & Plimpton LLP

Session 4: Investment/Financial (Key Ballroom 12)
Variable Annuities – A Market in Transition
The variable annuities market is undergoing significant changes as insurers must adapt to increasingly frequent periods of market turbulence. These include redesigning guarantees and incorporating hedging strategies into VA funds and model portfolios. In this session, we will review these changes and identify strategies for success in this new market environment. (CPE Eligible)
Speaker: Kenneth P. Mungan, Principal, Milliman USA

10:45–11:00 am

Refreshment Break (Key Ballroom, South Foyer)
Sponsored by:

11:00 am–noon

Concurrent Sessions

Session 1: Legal/Compliance (Key Ballroom 9)
Exam Trends and Managing Multiple Exams in a New Environment (Asserting Rights and Confidentiality)
There is a need for proactive and innovative compliance solutions to help companies manage multiple examinations. While facilitating the process, companies must take steps to secure confidential and privileged information. For example, Lean Six Sigma concepts help companies manage the market conduct process more efficiently and help minimize the high cost of market conduct examinations. Learn more about approaches to exam management. (CLE Eligible)
Speakers:
Kevin Reynolds, Vice President, Counsel & Chief Compliance Officer, The Guardian Life Insurance Company of America; Bernd Breitenbach, Director, Market Conduct and Compliance, The Guardian Life Insurance Company of America; Lyn Potts, Assistant General Counsel, Country Financial Group; and John Piller, Vice President & Associate General Counsel, Genworth Financial, Inc.

Session 2: Legal/Compliance (Key Ballroom 10)
The Legal Privileges: How To Establish, Maintain and Protect Them
The attorney-client and work-product privileges can protect sensitive company communications and documents from disclosure to litigants. However, steps must be taken to establish these legal privileges and to keep them from being waived. Learn from a panel of life insurance litigation attorneys how these privileges can protect your company and how your company can protect these privileges. (CLE Eligible)
Speakers:
Gary L. Howard, Partner, Bradley Arant Boult Cummings LLP; Jamie L. Moore, Partner, Bradley Arant Boult Cummings LLP; and Victoria E. Fimea, Vice President, General Counsel & Secretary, Dearborn National

Session 3: Politics & Policy (Key Ballroom 11)
Building and Maintaining a Strong Political Program
This session will examine key components of both an active grassroots program and a strong PAC. Whether advocating for or against an issue, it is critical that life insurers have the capacity to deliver a swift and clear message to legislators. The discussion also will include recent initiatives employed to solicit and engage industry stakeholders in the political process.
Moderator: Shawn Hausman, Senior Vice President, Public Affairs and Publishing, ACLI
Speakers: Dave Hamrick, Partner, New Partners; Kristine Kilbride, PAC & Grassroots Leader, Genworth Financial, Inc.; and Steve Ricchetti, President, Ricchetti, Inc.

12:15–1:45 pm

Luncheon: The Long-Term Business Challenges Facing the United States
(Key Ballroom 6)
The United States now faces a collection of business-policy challenges the likes of which have not been seen since the Great Depression—if ever. Slaughter focuses on three especially big challenges: the size and scope of government in the U.S. economy, the absence of widely shared economic growth, and the stagnation of American skills. Whether and how the United States addresses these challenges — by choice, or by the forced hand of international investors—will carry dramatic implications for America’s future vitality. (CPE eligible)
Matthew J. Slaughter, Associate Dean of the MBA Program and Signal Companies Professor of Management, Tuck School of Business at Dartmouth

Co-sponsored by

2:00–3:00 pm

Closing Session (Key Ballroom 9)
Legislative and Regulatory Challenges
Review of the most pressing legislative and regulatory challenges facing the industry today. (CLE Eligible)
Speakers:
Kimberly Olson Dorgan, Senior Executive Vice President, Public Policy, ACLI; J. Bruce Ferguson, Senior Vice President, State Relations, ACLI; Gary E. Hughes, Executive Vice President & General Counsel, ACLI; and Walter C. Welsh, Executive Vice President, Taxes & Retirement Security, ACLI