Zurich, Switzerland (PRWEB) March 5, 2008
Opalesque, the world's largest subscription-based publisher on alternative investments, hosts a webinar with leading practitioners on investing in insurance event linked securities on March 7, 2008 16.00 (CET) =10.00 am (EST).
The convergence between the insurance industry and the capital markets has become a reality. Insurance-linked securities have changed the landscape of the global insurance and reinsurance market. This market offers the global, institutional investor base a promise of uncorrelated returns.
For example, the cat bond market has grown from $1.99bln in 2005 to a current estimated size of $14bln. According to Swiss Re, the insurance linked securities (ILS) market has has grown three-fold over the last five years and is expected to grow to $1trln over the next decade.
Opalesque, the publisher of A SQUARE, the world's first publication and research platform dedicated to "alternative alternatives", has gathered a panel of leading ILS experts for this interactive webinar:
Karsten Bromann, Managing Partner, Solidum Partners (Zurich, Switzerland)
Michael Stahel, Head Insurance-Linked Investments, Clariden Leu (Zurich, Switzerland)
Barney Schauble, Partner, Nephila Capital (Bermuda)
Sona Blessing, Director of Research, Opalesque Ltd
The panel will share insights and perspectives based on their “hands-on-experience” in this space and will address the following:
What circumstances and motives prompt insurers/reinsurers to consider transferring risk to financial markets?
Risk study: Total risk = parametric risk (hazard risk, transferred to capital markets) + vulnerability risk (kept by insurers& re-insurers through the underwriting process ):
Ceding hazard risk
Evaluation: triggers, models and their constrains
New perils; the importance of investing in a diversified menu of perils
„Consistency + reliability of transactions are extremely important for investors to enter the sector"
Place in a portfolio - and optimization
Is transferring of catastrophe risk to capital markets, different from credit risk - in what ways and why?
A SQUARE subscribers can confirm their participation in this webinar here: http://www.opalesque.com/newsite/index.php?act=webinar. In order to participate, you are formally required to register and reserve your seat.
Non-subscribers to A SQUARE can set up their subscription here: http://www.opalesque.com/main.php?act=registration and participate for free in the webinar. See here for A SQUARE subscription rates: http://www.opalesque.com/main.php?act=A2Rates.
Non-subscribers can also purchase an admission pass for this webinar here: http://www.opalesque.com/newsite/index.php?act=RegWebinar ($80 admission).
More on our panel:
Karsten Bromann, Managing Partner, Solidum Partners (Zurich, Switzerland): Dr. Bromann is responsible for the investment portfolio and risk management of the accounts and funds managed by Solidum Partners. Prior to establishing Solidum Partners, he held various leading actuarial roles with the Zurich Insurance Company. Dr. Bromann is a qualified actuary of the German Actuarial Society and holds a Ph.D. in physics. Solidum Partners is an asset manager and fund advisor specialised and exclusively working in the area of insurance linked securities.
Michael Stahel, Head of Insurance-Linked Investment team within Clariden Leu Alternative Investments unit
Prior to joining Clariden Leu, Michael spent eight years with Swiss Re in various positions; the last four years as a Vice President in the Retro and Syndication unit structuring Cat Bonds and trading Risk Derivatives. Michael holds a BA in Economics from the Zurich University of Applied Science and an MBA in Corporate Finance from Rochester University. Clariden Leu is a large Swiss private bank with around USD 110bln assets under management. Within the alternative investments unit; the company offers funds and mandates in the field of insurance-linked investments with total fund NAV in excess of USD 850m.
Barney Schauble, Partner at Nephila Capital, Bermuda: Barney Schauble is a Principal of Nephila. He joined the company in 2004 to focus on business development, including both risk sourcing and investor relations as well as portfolio management. Prior to joining Nephila Capital he was head of Weather Marketing at XL Capital; and Vice President at Goldman Sachs. Barney attended Harvard College and received his B.A. in Economics; he wrote his senior thesis to explore the concept of investing in bonds linked to property catastrophe reinsurance risk. Nephila is the first asset manager to apply its expertise in the natural catastrophe sector using CDO technology on an actively managed basis.
About A SQUARE:
Opalesque A SQUARE = Alternative Alternatives is the first web publication, globally, that is dedicated exclusively to alternative investments. A SQUARE's weekly selection feature unique investment opportunities that bear virtually no correlation to the main stream hedge fund strategies and/or distinguish themselves by virtue of their "alternative" motive - social, behavioural, natural resources, sustainable /environment related investing.
With its "research that reveals" approach, fast facts and investment oriented analysis, A SQUARE offers diversification and complementary ideas for: private, high net-worth and institutional investors, pension funds and endowments, portfolio and hedge funds managers. For more information please go here: http://www.opalesque.com/index9.html.
Since February 2003, Opalesque is publishing Alternative Market Briefing, the premium news service on hedge funds and alternatives. The launch of these Briefing was a revolution in the hedge fund media space ("Opalesque changed the world by bringing transparency where there was opacity and by delivering an accurate professional reporting service." - Nigel Blanchard, Culross) combining proprietary news with the “clipping service” approach of integrating third party news. Each week, Opalesque publications are read by more than 360,000 industry professionals from all over the globe.
Opalesque is the only daily hedge fund publisher which is actually read by the elite managers themselves (http://www.opalesque.com/op_testimonials.html). For more information, please go to http://www.opalesque.com.