The London Market's 'deal of the decade' - the $7billion reinsurance transaction between Equitas and Berkshire Hathaway - is one of many critical developments which will be under the spotlight at the 2007 ARC Congress, the annual conference of the UK run-off industry's representative body, the Association of Run-Off Companies (ARC).

In a keynote address, Equitas chief executive officer, Scott Moser, will discuss what the deal means for policyholders, cedants and the wider market. He will also consider what precedent it may set for future initiatives to tackle Lloyd's 100 plus remaining open years which have total liabilities of some £7.5 billion.

Moser is just one of many keynote speakers, including Paul Taylor of the FSA and Peter Hughes of Standard & Poor's who, as insurers and reinsurers focus on ways to boost capital efficiency and refine exit strategies, will be tackling critical issues of the day at the Congress' Discontinued Business Seminar on Tuesday, February 27th. Other topics include: the future of run-off as it relates to both live and discontinued business; potential for new centres of excellence; developments in the UK regulatory field; and legal and commercial developments in traditional London Market runoff areas.

As in previous years, the ARC Congress 2007 will be held over two full days. Tuesday 27th February is the ARC Congress Discontinued Business Seminar. Wednesday 28th February is the 'market access only' Commutations Networking Day for face-to-face to discussions on commutations, debt recovery deals and new initiatives.