A new insurance-linked securities (ILS) forum designed to address the key challenges posed by the ILS market, the evolving role of reinsurers in the ILS space, and associated risks will be held in London on July 8 and 9.
The Reinsurance and Capital Markets Convergence Forum, hosted by C5, will bring together leading figures from the reinsurance and ILS world.
Speakers at the event include Luca Albertini, CEO of Leadenhall Capital Partners; Jean-Louis Monnier, Head of ILS Europe for Swiss Re Capital Markets; Chris Parry, head of International Capital Markets at Aon Benfield Securities; and Henning Ludolphs, director of Insurance-Linked Securities at Hannover Re.
Once considered an exotic investment for specialists, the ILS sector has gone mainstream and is expected to reach $101 billion globally over the next few years. This growth is spurred on by attractive returns and a view by investors that ILS is seen to be largely insulated from mainstream financial and economic shocks.
Capital from the alternative markets currently totals 14 percent of the global property catastrophe reinsurance limit up from only 8 percent in 2008, cutting the market share of catastrophe reinsurance and keeping costs from rising.
The two day conference combines seminars with networking opportunities and a comprehensive analysis of the current challenges and opportunities in capital markets and reinsurance as the ILS asset class is destined to soar.
“This is another good opportunity to meet members of the ILS community and to discuss recent tendencies in the ILS market, as well as to talk about bi-lateral business matters,” said Ludolphs, director of ILS at Hannover Re.
It will be held at the Kingsway Hall Hotel in Holborn, London and will bring wider ILS market participants together with pension investment managers and consultants, hedge funds and the asset management community through debates, interviews and presentations.
“Based on the structural change in our industry, we are confident that there is still huge potential in the ILS market. We expect it to grow to $200 billion within the next five years,” said Sandro Kriesch, partner and portfolio manager at Twelve Capital.
ILS, Hannover Re, Europe, Henning Ludolphs, C5