Artemis Live - Insurance-linked securities (ILS), catastrophe bonds (cat bonds), reinsurance 109: Filling the Gaps: Climate, Disaster, Parametric Cat Bonds - Artemis London 2022 Session 2
Oct 12, 2022
35:22
This was the second session of the day from our Artemis London 2022 conference, held on September 6th, 2022.
The event was Artemis' first insurance-linked securities (ILS) conference held in the City of London and saw more than 240 attendees enjoy a wide-range of sessions and networking opportunities.
Themed largely around the catastrophe bond, attendees heard from expert speakers that have been in the sector for years, as well as newcomers with ideas of how to innovate the cat bond and ILS market going forwards.
Attendees came from as far afield as New Zealand, Hawaii, Asia, North and South America, Bermuda, as well as a large European contingent, plus as you’d expect numerous London marketplace leaders in ILS and reinsurance.
This second video from the event features a panel discussion on climate, disaster risk and parametric catastrophe bonds, under the title of "Filling the Gaps", moderated by Maria Rapin, CEO of Nephila Climate.
Panellists participating in this discussion were: Lorenzo Volpi, Managing Partner, Leadenhall Capital Partners; Michael Bennett, Head of Derivatives & Structured Finance, World Bank Treasury; Nils Ossenbrink, Managing Partner, Head of Distribution and Products, Twelve Capital.
The group discussed how instruments such as parametric cat bonds fit into ILS fund investment portfolios and how managers think about underwriting them.
On parametric cat bonds, Volpi of Leadenhall Capital Partners explained that, "Overall, premium is also important and ultimately you need to be paid for the risk, while the type of trigger is also an important factor when we look at these."
Ossenbrink of Twelve Capital added, "We believe for an institutional investor, or other investor, it's an ideal solution and really something we should try to grow."
Bennett, from the World Bank Treasury explained how the institution looks at the ILS market when bringing cat bond deals to market, "We will do everything we can to put it in a package that works for you modelling wise.
"We think we're bringing you something very valuable, the investor community. We're bringing you highly-diversifying risk, in an absolutely secure package, as it's the World Bank issuing these bonds.
"We think we're providing the market something extraordinarily valuable so we always ask you to work with us and have some flexibility."
The event was Artemis' first insurance-linked securities (ILS) conference held in the City of London and saw more than 240 attendees enjoy a wide-range of sessions and networking opportunities.
Themed largely around the catastrophe bond, attendees heard from expert speakers that have been in the sector for years, as well as newcomers with ideas of how to innovate the cat bond and ILS market going forwards.
Attendees came from as far afield as New Zealand, Hawaii, Asia, North and South America, Bermuda, as well as a large European contingent, plus as you’d expect numerous London marketplace leaders in ILS and reinsurance.
This second video from the event features a panel discussion on climate, disaster risk and parametric catastrophe bonds, under the title of "Filling the Gaps", moderated by Maria Rapin, CEO of Nephila Climate.
Panellists participating in this discussion were: Lorenzo Volpi, Managing Partner, Leadenhall Capital Partners; Michael Bennett, Head of Derivatives & Structured Finance, World Bank Treasury; Nils Ossenbrink, Managing Partner, Head of Distribution and Products, Twelve Capital.
The group discussed how instruments such as parametric cat bonds fit into ILS fund investment portfolios and how managers think about underwriting them.
On parametric cat bonds, Volpi of Leadenhall Capital Partners explained that, "Overall, premium is also important and ultimately you need to be paid for the risk, while the type of trigger is also an important factor when we look at these."
Ossenbrink of Twelve Capital added, "We believe for an institutional investor, or other investor, it's an ideal solution and really something we should try to grow."
Bennett, from the World Bank Treasury explained how the institution looks at the ILS market when bringing cat bond deals to market, "We will do everything we can to put it in a package that works for you modelling wise.
"We think we're bringing you something very valuable, the investor community. We're bringing you highly-diversifying risk, in an absolutely secure package, as it's the World Bank issuing these bonds.
"We think we're providing the market something extraordinarily valuable so we always ask you to work with us and have some flexibility."