University Dinner: Insurance Linked Securities
Man GLG, in collaboration with mallowstreet, is pleased to be holding this
September Riverbank Dinner in 2012. Greg Hagood, Founding Partner at Nephila
Capital, will discuss the following:
Insurance linked securities is an asset class that has been receiving a lot of attention in recent years, from Pension Schemes in particular. Investors have been attracted by the low realised correlation and naturally un-correlated nature of ILS as an investment as part of their overall portfolio. However it remains an asset class that many investors do not have a detailed understanding of.
Most investors see the space as limited to catastrophe bonds, when in fact the insurance industry offers a far broader investment universe than simply bonds. Others view catastrophe and life insurance as the same proposition when in fact they are materially different.
Nephila Capital is a specialist manager operating in the catastrophe insurance sector. With $6.7bn under management and having been operating since 1998, the firm is the largest and longest standing in the space.
Greg’s talk will cover the following aspects of Insurance Linked Securities:
Insurance linked securities is an asset class that has been receiving a lot of attention in recent years, from Pension Schemes in particular. Investors have been attracted by the low realised correlation and naturally un-correlated nature of ILS as an investment as part of their overall portfolio. However it remains an asset class that many investors do not have a detailed understanding of.
Most investors see the space as limited to catastrophe bonds, when in fact the insurance industry offers a far broader investment universe than simply bonds. Others view catastrophe and life insurance as the same proposition when in fact they are materially different.
Nephila Capital is a specialist manager operating in the catastrophe insurance sector. With $6.7bn under management and having been operating since 1998, the firm is the largest and longest standing in the space.
Greg’s talk will cover the following aspects of Insurance Linked Securities:
- · How the market functions : trading of risk and settlement of claims
- · Concept of peak risk
- · The inherent need for capital
- · Return stream correlation
- · The different forms of ILS (Bonds, Reinsurance, ILW’s, Retro, Private Transactions)
Program
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Welcome drinks overlooking the Thames
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Three Course Dinner followed by Presentation
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Close and Networking