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Managing and Insuring Terrorism:

9 December 2013, 8:00 - 17:20 Chartered Insurance Institute 20 Aldermanbury, London, EC2V 7HY

An Increasing Risk Post-Arab Spring?

Bringing together over 100 delegates for presentations from insurance and risk management industry experts and acclaimed commentators on counter-terrorism, Managing and Insuring Terrorism discusses methods for mitigating political and security risks and operational strategies for risk management. It assesses recent evolutions and challenges to terrorism insurance programmes so that a viable and resilient mitigation strategy can be expanded upon.

PROGRAMME

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CONTENTS
Welcome note.................................................................................................................................................... 3 Overview............................................................................................................................................................... 4 About Strategic Analysis.................................................................................................................................... 4 Agenda................................................................................................................................................................. 5 Keynote Speakers.............................................................................................................................................. 7 Moderators and Speakers................................................................................................................................. 8

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WELCOME NOTE
9 December 2013 Ladies and Gentlemen, It is my distinct pleasure to welcome you to Strategic Analysis at the Henry Jackson Societys conference on Managing and Insuring Terrorism: an increasing risk post-Arab Spring? This conference, which has brought together a remarkable number of talented experts and industry insiders in the fields of corporate security, counter terrorism, insurance and risk management, was inspired by the dramatic events and changes that have taken place in 2013, in what has been deemed the post-Arab Spring world. In this tumultuous year we have seen the gravity of Islamist terrorism move from the established theatres of the last decade to the Levant and North Africa. As the horrors of the Syrian civil war have deepened, so has the reach of al Qaeda. The failures of the secular opposition to produce a cohesive and effective front against President Bashar al-Assads forces have driven rebel fighters into the arms of the al Qaeda-associated al-Nusra Front and the Islamic State of Iraq and the Levant. These groups have increased the regional nature of the conflict and created further instability in Syrias neighbours, who are already burdened with the tragic flow of refugees from the crisis. The chaos and violence of the Egyptian revolution have turned the contentious Sinai Peninsula into a lawless zone and there are few signs of a stable political order being established. Both the In Amenas hostage crisis and Westgate shopping mall attack shocked the world and thrust al Qaeda in the Islamic Maghreb and al Shabaab into the limelight, showing that North and East Africa have become fertile ground for the poisonous ideology of al Qaeda. Finally, the Boston Marathon bombing and the Woolwich attack serve as a reminder that homegrown terrorism remains a threat. These dramatic events necessitate new and dynamic strategies going forward. Today we are lucky to have some of the foremost experts in the industry in one place. Noted Counter-Terrorism expert Mark Clayton of the Foreign and Commonwealth Office (FCO) will be moderating the first panel today, which will explore recent developments in al Qaeda and their implications for the calculation of risk. The second panel will cover changes in the security situation of North Africa and will be moderated by Brigadier James Ellery, Director at Aegis. The final panel, which features knowledgeable speakers from Marsh, Catlin, Risk Management Solutions, Canopius and Miller, will address recent evolutions in terrorism insurance programmes, as well as challenges which lie ahead. It will assess market trends and suggest what a proactive risk management strategy may resemble. It is my hope that this conference will provide refreshing insights into our fast-changing world. If you are not familiar with Strategic Analysis or the work of the Henry Jackson Society, we would be happy to answer any questions.

Ruth Lux Founder & Managing Director Strategic Analysis

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OVERVIEW
The Arab Spring has led to increased freedom on where and how many groups operate. Al Qaeda is emboldened in Syria and Iraq and Hizbullah is bolstered in Lebanon. Vast lawless zones beg the question of whether a greater Western hand is needed in the region. For the providers of terrorism insurance, terrorism attacks constitute some of the most expensive events requiring insurance. The scope of cover offered by terrorism schemes is dependent upon the definition of terrorism and which exclusions apply. Whilst many schemes resulted in response to September 11, 2001, the real threat posed by terrorism has recently been highlighted by the Boston Marathon bombing (United States) and the Woolwich terrorist attack (United Kingdom), as well as the Westgate shopping mall attack (Kenya). This conference will address what a viable and resilient terrorism mitigation strategy will look like.

ABOUT STRATEGIC ANALYSIS


Strategic Analysis leverages the unique specialist capabilities of the Henry Jackson Society Research Division to provide our clients with decision-ready, commercially-relevant research, analysis and consulting services. These services assist them in mitigating risks and identifying opportunities for their business. The Research Division monitors and analyses the economic, security and political risks which may impact our clients operating in the Middle East and North Africa (MENA) and Eurasia. Strategic Analysis offers incomparable access to the Research Division together with a selection of services which are tailored to our clients requirements. The Henry Jackson Society is a cross-partisan, British-based think-tank. Its founders and supporters are united by a common interest in fostering a strong British and European commitment towards freedom, liberty, constitutional democracy, human rights, governmental and institutional reform and a robust foreign, security and defence policy and transatlantic alliance. The Henry Jackson Society was founded in Cambridge, on 11 March 2005, and was launched in the Houses of Parliament, on 22 November 2005. The Henry Jackson Society hosts nearly a hundred high-profile events a year in the Houses of Parliament with the likes of Larry Summers, General David Petraeus, General Michael V. Hayden and Jeffrey Sachs. Its researchers frequently appear on the BBC, Sky and Al-Jazeera, amongst other media platforms, and have testified to the House of Representatives Homeland Security Committee, to the White House, to the National Counterterrorism Center, and to the Home Office. Political risk briefings by Strategic Analysis provide you with authoritative analysis and forecasting on emerging trends in a wide variety of sectors in the MENA region.

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AGENDA
08:00-08:40 08:40-08:50 08:50-09:15 09:15-10:45 Moderator: Speakers: Registration Welcome Remarks Ruth Lux, Managing Director, Strategic Analysis at the Henry Jackson Society Keynote Address Mark Clayton, Deputy Head of Counter-Terrorism, Foreign & Commonwealth Office PANEL ONE Al Qaeda in the Middle East: Understanding the political and security risks Mark Clayton, Deputy Head of Counter-Terrorism, Foreign & Commonwealth Office Robin Simcox, Strategic Analysis at the Henry Jackson Society Frank Gardner OBE, BBC Aimen Dean, Five Dimensions Alistair Harris, Pursue A contextual understanding of the risk environment is critical to appreciating interconnected political, economic and security risks. In the case of al Qaeda, what are the key threat drivers in the next one to three years? Special attention is given to Syria, Iraq and Yemen. 10:45-11:10 11:10-11:30 11:30-13:00 Moderator: Speakers: Networking Break Keynote Address The Rt Hon. Baroness Neville-Jones PANEL TWO Insuring Against Terrorism in North Africa: A Risk Manager Perspective Rachel Martinek, Deputy Head, North Africa Department, Foreign & Commonwealth Office Olivier Guitta, Strategic Analysis at the Henry Jackson Society Tim Holt, Special Contingency Risks, Willis Noman Benotman, Quilliam Topics discussed will include: Security risk assessment of North Africa Trends in terrorism threat in North Africa The challenge of protecting critical infrastructure and employees 13:00-14:00 Buffet Lunch

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AGENDA
14:00-14:15 14:15-14:30 14:30-14:50 14:50-15:15 15:15-17:00 Moderator: Speakers: Mitigating the risk through effective crisis response Stephen Askins, Ince & Co. Pool Re and how terrorism insurance has evolved to meet a dynamic risk Julian Enoizi, Pool Re Q&A with above speakers Networking Break PANEL THREE What does a viable and resilient mitigation strategy look like? Julian Enoizi, Pool Re Andrew Herring, Marsh Will Farmer, Catlin Gordon Woo, Risk Management Solutions David Eliot, Miller Insurance Tim Davies, Canopius Topics discussed will include: Terrorism insurance programmes: overview, recent evolution, challenges Market trends: evolution of demand, take-up rates, type of contracts, extent of coverage, exclusions What does a proactive risk management strategy look like and, in the context of a constantly diversifying set of risks, how plausible is this? 17:00-17:25 Closing Address Brigadier James Ellery CBE, Director and Group Advisory Council Member, Aegis

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KEYNOTE SPEAKERS
Mark Clayton, Deputy Head, Counter Terrorism Department, Foreign and Commonwealth Office (FCO)
Mark Clayton is the deputy head of the Counter Terrorism Department at the Foreign & Commonwealth Office. Mr Clayton started his FCO career in 1997 as a Baltic States Desk Officer and proceeded to hold posts in Moscow as a Second Secretary between 1998 and 2002 and in Kabul, where he worked for two years in the Counter Narcotics team. Between 2004 and 2005 he became head of the EU-FSU (Former Soviet Union) team, before assuming the role of G8 Sherpa Assistant for the following two years. Having headed the International Team at the Office for Security and Counter Terrorism from 2008, he was promoted to his current position in 2010.

Baroness Neville-Jones, Former Minister of State for Security and Counter Terrorism
Baroness Neville-Jones is the former Minister of State for Security and Counter Terrorism and currently a member of the Advisory Board of the Council on Cyber Security. She has a long history of civil service, especially in the realm of foreign policy and intelligence. Baroness Neville-Jones served in Her Majestys Diplomatic Service from 1963 to 1996, where she served missions in Rhodesia, Singapore, Washington, DC and Bonn. Following a career in diplomacy, she served as Chairman of the Joint Intelligence Committee and was the Political Director of the Foreign Office. In 2006 David Cameron appointed her as head of the Conservative Partys National and Security Policy Group. She currently sits on the Joint Committee for National Security Strategy in the House of Lords. Baroness Neville-Jones is a member of the Conservative Party and an Advisory Council Member at her alma mater, Lady Margaret Hall. In 1987 she became a Companion of the Order of St. Michael and St. George and was made a Dame Commander at the 1996 New Years Honours. She is also a Freeman of the City of London.

Brigadier James Ellery CBE, Director, AEGIS


Prior to resuming his position on the Board of AEGIS, James Ellery was for one year Head of the United Nations Mission in Southern Sudan. In 2003, he was seconded by the British Foreign Office as a Senior Adviser to the Coalition Provisional Authority (in Baghdad), which administered Iraq during the Occupation. After its Transfer of Authority to the new Iraqi Government, he set up and ran the 700-strong security framework operation in support of US-funded reconstruction throughout Iraq. In 1999 Mr Ellery established a new United Nations Mission in the Democratic Republic of Congo; for its successful outcome he was appointed CBE in the Operational Awards of 2000. From 2001 to 2003 he was Chief of Staff to the 17,500-strong United Nations Force, which re-established control of Sierra Leone from the Revolutionary United Front.

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SPEAKERS AND MODERATORS


Stephen Askins, Partner, Ince & Co Law Firm
Stephen Askins is widely recognised as a market expert on piracy matters. Mr Askins primary area of expertise and experience is wet and dry shipping. Whilst in Greece he headed the local Admiralty team, acting for owners and their insurers in the aftermath of maritime incidents including salvage, wreck removal, collisions and piracy. He advises on all areas of Admiralty law as well as on contractual issues arising out of charterparties and bills of lading. He acted for the owners of the Voutakos, a LOF salvage case which went to the High Court and considered the controversial issues arising outPluralism of rescue tow cases and the disparity principle. Challenging Extremism | Promoting | Inspiring Change

NOMAN BENOTMAN practical issues arising from piracy incidents off West and East Africa. Mr Askins previous career as a Royal
Marine has helped him focus on the legality of deploying armed guards on ships and he speaks and writes President extensively on the legal issues that arise from this and wider piracy issues.

More recently Mr Askins has developed expertise in advising the various stakeholders on the legal and

Noman Benotman, President, Quilliam


Noman Benotman is leading Quilliams work on de-radicalisation processes in the UK and abroad, working to raise international awareness of jihadist recantations, coordinating Quilliams outreach to current and former extremists and using Quilliam as a platform from which to share his inside knowledge of al Qaeda and other jihadist groups with a wider audience.

Born in Libya in 1967, Noman Benotman first adopted radical Islamism in the mid1980s after reading the books of Sayyid Qutb. In 1989 he travelled to Afghanistan where he fought against the Soviet Union, taking part in battles around Khost, Gardez and elsewhere. After the Soviet withdrawal, he helped set up the Libyan Islamic Fighting Group which aimed to violently overthrow Colonel Gaddafi and establish an Islamic state in Libya. In 1994, he moved to Sudan where he forged close links with Osama bin Laden, Ayman al-Zawahiri and other key members of al Qaeda. Since 1995 he has lived in London where he man is President at Quilliam. He is leading Quilliams work on dewas initially part of the Londonistan scene alongside other senior extremists such as Abu Qatada and Abu processes in the UK and abroad, al-Suri working to raise international of himself from Islamism. During the last few years, he has played a Musab before graduallyawareness distancing ations, co-ordinating Quilliams outreach to current and former extremists and keyto role in the disbanding ofal-Qaeda the LIFG m as a platform from which share his inside knowledge of andand otherthe issuing of its refutations. He is also well-known as one of the most public critics of al Qaeda, appearing widely on international media such as CNN and al-Jazeera as well s with a wider audience. as taking part in a range of international conferences. He has a degree in Human Development Studies from in 1967, Noman Benotman first adopted radical Islamism in the mid-1980s Birkbeck University and speaks English and Arabic.

he books of Sayyid Qutb. In 1989 he travelled to Afghanistan where he fought viet Union, taking part in battles around Khost, Gardez and elsewhere. After hdrawal, he helped set up the Libyan Islamic Fighting Group which aimed to throw Colonel Gaddafi and establish an Islamic state in Libya. In 1994, he Tim Davies, War an where he forged close links with Osama bin Laden, Ayman al-Zawahiri andand Terrorism Underwriter, Canopius mbers of al-Qaeda. Since 1995 he has lived in London where he was initially ndonistan scene alongside other senior extremists such as Abu Qatada and After obtaining a BSc(Hons) degree Tim commenced his insurance career as a Lloyds -Suri before gradually distancing himself from Islamism. During the last few broker primarily on the US property and casualty side. In 2006 he started a specialist played a key role in the disbanding of the LIFG and the issuing of its terrorism team at Arthur J Gallagher, where he specialised in providing terrorism He is also well known as one of the most public critics of al -Qaeda, appearing rnational media such as CNN and al-Jazeera as well placements as taking part infor a range US of public entities and religious groups. At Arthur J Gallagher he was onferences. He has a degree in Human Development Studies from Birkbeck instrumental in the development of a number of terrorism liability products. Prior to d speaks English and Arabic.

moving to the underwriting side Tim was an Executive Director at Willis heading up their international terrorism team looking after a large number of global accounts from a terrorism and political violence perspective. Tim joined the Crisis Management division at Canopius (a leading Lloyds syndicate) in 2011 and heads up a team which underwrites a worldwide book of terrorism and political violence. In addition he also underwrites the Kidnap and Ransom book. Tim is a regular speaker at various industry related conferences including RIMS and PRIMA (Public Risk and Insurance Management Association) and is a member of the Defence and Security Forum.

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Aimen Dean, Managing Director, Five Dimensions Consultants


Aimen Dean is the Founder and Managing Director of Five Dimensions Consultants, a security risk, due diligence and business intelligence firm that uses expertise in language, history, religion, economics and politics to understand the complexities of the Middle East. An expert on jihadist movements and radical Islam, Mr Dean has had a unique perspective on the rise of the jihadist movement from the 1990s to mid-2000s, having witnessed conflicts in Bosnia, Afghanistan, the Caucuses and the southern Philippines. He also has a deep understanding and insight into the rise of al Qaeda after its return from Sudan to Afghanistan, as well as the rise of the Taliban in Afghanistan and Pakistan. From the early 2000s, Mr Dean has used that knowledge to enrich understanding of global jihadist movements to various governments and private enterprises. He has worked as an advisor for certain governments on counter terrorism and counter radicalisation, particularly regarding al Qaeda and the impact the network has on global security. Mr Dean also has a thorough understanding of terrorism financing and is the author of Holy Money, a study of the global terrorist financing. Mr Dean has also worked as a strategic and terrorism advisor for a major global financial institution. He has lectured private security and political circuits in Europe and the Far East on Islamic theology and the interplay between Islamic theology, history and the impact on Islamic groups such as al Qaeda and its affiliates. He is well-versed in the theological differences between Sunni and Shiite Islam and the history of that sectarian conflict.

David Eliot, Special Risks Consultant, Miller Insurance


David Eliot began his career in 1999 and has been at Miller since early 2002. Prior to joining Miller he was based in the US working in property and casualty insurance where he obtained his Wisconsin Agents Licence and Associate in Surplus Lines Insurance designation. He has placed programmes for risks in North America, Europe, Africa, South America and Asia reflecting changes in coverage requirements and perils offered as the market has developed over the years. Mr Eliot uses his long experience of Terrorism and Political Violence to tailor appropriate coverage for clients; this ensures that their policies respond comprehensively to the complex political, cultural, and civil situations which affect the region in which the asset is located. It also ensures that where causes of loss are sometimes difficult to determine, or open to a number of interpretations, clients have the broadest policy to protect their assets.

Julian Enoizi, Chief Executive Officer, Pool Reinsurance Ltd


Julian Enoizi is a dynamic, internationally experienced, multi-lingual lawyer and accomplished Chief Executive. Mr Enoizi is a results-orientated business leader with a strong track record of turnaround within high-paced organisations, building and leading companies in continental Europe, the UK regions, the London and Lloyds markets. Pool Reinsurance Company Limited was formed in 1993 following a series of terrorism incidents in the early 1990s in London and elsewhere in England, related to the situation in Northern Ireland at that time. The cost of these losses caused insurers and reinsurers to focus on the difficulties of providing terrorism cover for commercial properties, in particular the high potential cost of losses and the lack of any reliable method of estimating what the future loss experience might be.

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Will Farmer, Senior Underwriter, Catlin


Will Farmer graduated from Texas A&M University with an honours degree in Business (Finance). He joined Bain Dawes in 1986, working as a broker in aviation, war and political risks. In 2003 Mr Farmer moved to Aon Crisis Management where he ultimately headed up the stand-alone terrorism team. The team was at the forefront of terrorism reinsurance solutions for specialist insurers and captives, including US TRIA captives. Mr Farmer joined Catlin in August 2007 as Deputy Business Group Leader for War and Political Risks. The War and Political Risks group is responsible for underwriting stand-alone terrorism insurance and reinsurance political risks, trade credit, kidnap and ransom, and product recall, as well as contingency, including event cancellation and prize indemnity. In 2010 Mr Farmers responsibilities were extended to encompass Catlins Marine insurance operations in London being Hull, Cargo and Fine Art/ Specie. Mr Farmer is the author of two technical insurance books on insurance relating to asset-backed finance.

Frank Gardener OBE, Security Correspondent, BBC


Frank Gardner is the BBCs award-winning full-time Security Correspondent, reporting for TV, radio and online on issues of both UK and international security. In 2004 he was shot six times at close range by al Qaeda gunmen while filming in Riyadh, Saudi Arabia but survived with major injuries. He is an Arabist with a degree in Arabic and Islamic Studies from Exeter University. He worked in the Gulf for the British bank Robert Fleming before becoming the BBCs Middle East Correspondent in Cairo. He has reported firsthand on terrorism and security from around the Middle East, notably Saudi Arabia and Yemen, as well as Afghanistan, Pakistan, the US, Guantanamo Bay and the Horn of Africa. He was awarded an OBE by HM The Queen in 2005 for services to journalism, awarded Honorary Doctorates of Laws by Nottingham, Staffordshire, Exeter, East Anglia and Open Universities, the McWhirter Award for Bravery, Spains El Mundo Prize for International Journalism, the UAEs Zayed Medal for Journalism, voted Person of the Year by the UK Press Gazette and 2011 Journalist of the Year in the European Diversity Awards. He is a Fellow of the Royal Geographical Society and his Sunday Times bestseller Blood and Sand describes his 25 years of Middle Eastern experiences. A keen skier and scuba diver, he has been elected President of the Ski Club of Great Britain.

Olivier Guitta, Director of Research, The Henry Jackson Society


Olivier Guitta is the Director of Research at the Henry Jackson Society, responsible for setting the strategic agenda for the research department and overseeing the Societys academic focus, as well as conducting his own research on geopolitics in the MENA region. He is an expert on security and counter-terrorism, having briefed the European Union, the United States Congress and NATO, as well as US presidential candidates, SOCOM and Europol. He is a regular speaker at international security conferences and has lectured at the National Defense University and the Joint Special Operations University. Born in Morocco, raised in France and educated in Cologne and Paris, Mr Guitta spent twelve years in New York as a portfolio manager for two major financial firms. Following the attacks of September 11th 2001, he left the world of finance to work as a geopolitics and risk analysis consultant in Washington, DC and then France, before joining The Henry Jackson Society in July 2013.

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Alistair Harris OBE, Director, Pursue


Alistair Harris OBE is a former UK diplomat and UN investigator. He has undertaken extensive research and programming to counter violent extremism in Syria, Lebanon and Yemen on behalf of the UK, US and European Union. Mr Harris has been published extensively by RUSI, the US Institute of Peace, the Carnegie Endowment and peer-reviewed journals (e.g. Maghreb Review, Terrorism and Political Violence). He has worked extensively in the Balkans, Pakistan, Afghanistan, Yemen, the Palestinian Territories, Lebanon and for the last 30 months on the Syrian conflict. A specialist in conflict prevention and mitigation, Mr Harris has degrees from Emmanuel College, Cambridge in Political and Social Sciences and the University of St Andrews in Terrorism and Political Violence.

Andrew Herring, Managing Director, Practice Leader Energy, Marsh Ltd


Andrew Herring is the Practice Leader for Marsh Energy for the EMEA region. Mr Herring graduated from Cambridge University in Chemical Engineering and joined Sedgwick International in 1987 as a property broker specialising in energy business. He has extensive knowledge of the energy industry and has worked at various marketleading organisations. In 1998 he became a founding member of Agnew Higgins Pickering as a member of the executive committee, where he was responsible for placement of the property and liability programmes of their energy clients worldwide. In 2007 Mr Herring joined Jardine Lloyd Thompson as a partner in their energy division. In 2010 Mr Herring joined Marsh as a Managing Director responsible for the Americas before taking the role as Practice Leader for the EMEA region in 2012.

Tim Holt, Head of Alert:24, Special Contingency Risks, Willis


Tim Holt heads the intelligence team of Williss crisis management consultancy - Alert:24. Trained at the RMA Sandhurst, and educated at SOAS, Oxford and Cambridge Universities, Mr Holt has worked as an Army Officer, International Red Cross Delegate, in behind-the-scenes diplomacy and as a Conflict and Risk Management Adviser for the British Government overseas. He has worked globally as a consultant for corporations, the British Government, and the UN as an adviser and responder, encouraging intelligencedriven risk management.

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Ruth Lux, Founder & Managing Director, Strategic Analysis


Ruth Lux is Founder and Managing Director of Strategic Analysis at the Henry Jackson Society and Director of Political Risk. Ms Lux has developed and managed internal training for the Research Team and production of Strategic Analysis research, analysis and consulting client services. She has developed company methodology on assessing risks to the oil and gas sector in the Middle East and North Africa and specialises on the Levant. Prior to establishing Strategic Analysis she worked in the political risk sector on political and violent risk issues in the Levant. Ms Lux received an MSc in International Relations from the London School of Economics and a B.A. in French and Spanish from the University of Bristol.

Rachel Martinek, Deputy Head, North Africa Department, Foreign and Commonwealth Office Rachel Martinek currently works as Deputy Head of the North Africa Department in the FCO, overseeing Libya and MENA operations. She has worked in the FCO in a variety of roles for the past eleven years, predominantly with a security policy focus. Between 2005 and 2008 Ms Martinek was posted in New Delhi, India. She focused on counter terrorism and counter proliferation whilst based there. Before progressing to her current role she worked on Iranian matters. Ms Martineks responsibilities cover policy work, supporting Libyas political and security transition and pursuing UK interests in Libya, as well as operational work, such as ensuring an appropriate security posture for Embassy staff.

Robin Simcox, Analyst and Research Fellow, Strategic Analysis at the Henry Jackson Society
Robin Simcox is a Research Fellow at the Henry Jackson Society. Beforehand, he was a Research Fellow at the Centre for Social Cohesion, a think-tank studying extremism and terrorism in the UK. He has written for the likes of the Wall Street Journal, Los Angeles Times, New Republic, The Atlantic, Washington Times, World Affairs, Current Trends in Islamist Ideology, Weekly Standard and The Guardian; and comments in the media for the likes of the BBC, Sky News, AlJazeera and Fox News. Mr Simcox has spoken on a variety of platforms, including testifying to the House of Representative Homeland Security Committee, and at the White House, National Counterterrorism Center, British Parliament, US Special Operations Command and the European Parliament. Mr Simcox has an M.Sc. in US Foreign Policy from the Institute for the Study of Americas, University of London, and a B.A. in History (International) from the University of Leeds, which included a year at the University of Newcastle, Australia.

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Gordon Woo, Catastrophist, Risk Management Solutions


Mr Woo is a Quantitative Risk Analyst at RMS, specialising on mathematical aspects of catastrophe risk modelling. Since 9/11, he has focused on developing a quantitative framework for modelling terrorism risk, and is the chief architect of the RMS terrorism insurance risk model. In 2004, for his work on terrorism risk, he was named by Treasury & Risk Magazine as one of the 100 most influential people in finance. He has written widely on terrorism risk analysis, and is the author of the book Calculating Catastrophe, written for the tenth anniversary of 9/11, and published by Imperial College Press. In 2009-2010, he was a member of the UK governments Blackett panel assessing low-probability, high-consequence risks. Top mathematics graduate of Cambridge University, he completed his Ph.D. at MIT as a Kennedy Scholar, and was a member of the Harvard Society of Fellows. He is currently an adjunct professor at Nanyang Technological University, Singapore.

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