| | Platinum Level
Sponsored by Dewey & LeBoeuf LLP
Risk Management Solutions
Towers Watson
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| 8:15am - 8:30am | Introduction and Welcome
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| | Sean Davy
Managing Director, Corporate Credit Markets Division
SIFMA |
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| | Judy Klugman
Conference Chair
Managing Director, Head of Insurance-Linked Securities Distribution
Swiss Re Capital Markets
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| 8:30am-9:30am | State of the ILS Market
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| | We begin this year's conference by reviewing the ILS market in 2009. The panel will also reflect on the trends in the industry over the past two decades and consider the future course of the ILS market.
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| | Moderator:
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| | Michael Millette
Managing Director and Co-head of Structured Finance
Goldman, Sachs & Co.
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| | |
| | Panelists:
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| | Joel Aronchick
Chief Risk Officer
Chubb Corporation
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| | Rebecca Bole
Publishing Editor, Trading Risk
Insider Publishing, Ltd.
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| | Greg Hagood
Managing Principal
Nephila Capital Ltd.
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| | Pete Vloedman
Chief Executive Officer
Anchor Risk Advisors, LLC
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| 9:30am -10:45am | ILS Market 2010 and Beyond: The SponsorS' Perspective
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| | Panelists will discuss driving factors affecting their decision whether, when and how to access the ILS market. Topics covered include:
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| | - Motivation for using ILS
- Views on currently available triggers and collateral structures
- Trends in protection needs going forward
- Main factors that could contribute to additional future growth of the market
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| | Moderator:
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| | Markus Schmutz
Managing Director
Swiss Re Capital Markets
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| | |
| | Panelists:
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| | Rupert Flatscher
Head of Risk Trading Unit
Munich Re Group
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| | Anne C. Kelly
Managing Director Reinsurance Placement
Travelers Insurance
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| | Bill O'Farrell
Chief Reinsurance Officer
ACE Group
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| 10:45am - 11:15am | Morning Refreshment Break
Hosted by Cadwalader
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| 11:15am- 12:00pm | Industry Loss Indice Triggers
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| | Given that ~50% of the 2009 ILS capacity utilized industry loss indice triggers as well as the arrival of the new PERILS industry loss indices for European risks, our slate of industry experts will discuss the process of estimating/designing industry loss estimates, how various constituents look at such triggers and the latest tools/approaches to optimizing a trigger structure based on industry loss indices. |
| | |
| | Moderator:
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| | Cory Anger
Managing Director
GC Securities
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| | |
| | Panelists:
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| | Gary Kerney
Assistant Vice President
Property Claim Services
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| | Dr. Luzi Hitz
Chief Executive Officer
PERILS AG
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| | Jonathan Hughes
Managing Director, Instrat
Guy Carpenter & Company, LLC
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| | Gary Martucci
Director
Standard and Poor's
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| | Mark van Zanden
Business Group Leader, Outwards Reinsurance
Catlin Group Limited
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| 12:00pm - 1:30pm | Lunch with Keynote Speaker
Luncheon
Hosted by Sidley Austin LLP
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| | |
| | Expanding the frontiers of the Cat bond market |
| | Doris Herrera-Pol |
| | Director and Global Head of Capital Markets
World Bank Treasury
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| 1:30pm - 2:30pm | Life Insurance Securities and Derivatives
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| | Panelists will discuss the various types of insurance linked securities/derivatives and the outlook for future issuances post-credit crisis. Topics covered include: |
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| | - Longevity, catastrophic mortality, triple-x, and embedded value and differences among these risks
- Why reserve financing without the monoline makes sense from an investor standpoint
- The current status and the future development of the longevity markets
- Where's the supply of CAT mortality bond issuances
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| | Moderator:
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| | Ed Sunoo
Managing Director
Deutsche Bank
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| | |
| | Panelists:
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| | Michael Amori
Managing Director
Head of Longevity Derivatives Group
Deutsche Bank
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| | Steven G. Bloom, CFA
Senior Portfolio Analyst, Alternative Investments
APG Asset Management US Inc.
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| | Dr. Marcel Grandi
Senior Portfolio Manager, Insurance-Linked Strategies
Credit Suisse Asset Management
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| | Mark Hopfinger
Senior Vice President, Structured Finance
RGA Reinsurance Company
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| 2:30pm - 3:30pm | Assessing Natural Catastrophe Risk in ILS: The Role of the Modeling Firms
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| | Panelists from the various modeling firms will comment on their current models, and the likelihood of any changes to them. Topics covered include:
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| | - Discussion on the different output from the three firms when asked the same question
- Discussion on the re-characterization of risk when those firms not engaged on a given transaction provide their own analysis on that same transaction
- An investor's viewpoint on these models
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| | Moderator:
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| | Mark Gibson
Head of Non-Life Insurance Solutions
BNP Paribas
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| | |
| | Panelists:
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| | Kent David
Manager, Consulting Services
EQECAT
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| | Pascal Karsenti
Manager, Insurance Linked Securities
AIR Worldwide
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| | Peter Nakada
Risk Management Solutions
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| | John Seo
Fermat Capital Management LLC
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| 3:30pm - 4:00pm | Break
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| 4:00pm - 5:00pm | ILS Market 2010 and Beyond: THE iNVESTORS' PERSPECTIVE |
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| | ILS Investors will discuss: |
| | Review and commentary of 2009 dealsOutlook for 2010Perspectives on the pricing and selection of risk: rationale for investing and declining deals Secondary trading - its role in portfolio management and commentary on the efficiency of the secondary marketUse of ILWs in portfolio management Keeping up to date on market trends |
| | |
| | Moderator:
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| | Paul Schultz
President
Aon Benfield Securities, Inc.
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| | |
| | Panelists:
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| | John DeCaro
Founding Partner and Portfolio Manager
Elementum Advisors
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| | Niraj Patel
Genworth Financial
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| | Jeffrey Porter
Senior Portfolio Manager
Ensign Peak
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| | Brian Tobben
Senior Vice President
PartnerRe Ltd.
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| | Philippe Trahan
Portfolio Manager, Insurance-Linked Securities Group
Ontario Teacher Pension Plan
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| 5:00pm - 6:30pm | Cocktail Reception |
| Hosted by Standard & Poor's Financial Services LLP
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