Convergence 2014

Panel of industry leaders at Convergence 2014 to examine changing capitalization of the reinsurance industry


Over the last few years, a variety of new capital structures have significantly changed the dynamics of the reinsurance industry. With no sign that the rate of change is slowing, a panel […]

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Reports

A lazy summer for ILS: Artemis Q3 2014 Catastrophe Bond & ILS Market Report


As is typical, the third-quarter saw a summer lull with the risk capital issued in new cat bonds and ILS during Q3 only hitting $364 million, according to the Artemis […]

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Reports

PwC’s Reinsurance 2020: Take control of your destiny


Reinsurers with undifferentiated `me too’ strategies could be squeezed out of the market. Which business models will be viable in five years’ time and what steps do you need to […]

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ILS News

ILS Bermuda Unveils Keynote Speaker Erik Wahl


An internationally recognised creative strategist and a #1 best selling business author.  Drawing from his history as both an entrepreneur and an artist, Erik has has delivered his inspiring concepts and breakthrough […]

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Reports

Aon Benfield: Evolving Criteria (2014)


The annual Evolving Criteria report reviews the latest rating agency and regulatory developments in the non-life insurance industry. The report comprises detail on rating agency criteria updates, regulatory developments, accounting […]

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Reports

Aon Benfield: Insurance Risk Study (9th Edition, 2014)


The ninth edition of the Insurance Risk Study provides a comprehensive review of insurers’ growth, risk and profitability, and highlights emerging risks and opportunities in the global insurance industry. The […]

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Reports

Aon Benfield: Reinsurance Market Outlook September 2014


The report, Growth capital from growing reinsurer capital, reveals that the cost of reinsurance capital for catastrophe risk has decreased to one third to one half of the cost of […]

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Reports

Expanding the Potential of ILS


Following a year of tremendous change and convergence in the reinsurance market, we estimate that ‘alternative’ ILS capacity now makes up around 15% of the overall property catastrophe reinsurance (‘property […]

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Education

Reinsurance returns – lower and lower


The latest pricing data indicates that returns have slipped further for both the cat bond and reinsurance markets The third quarter has not been an active one for new reinsurance deals or cat […]

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Education

Fay & Gonzalo: A Tale of Two Storms


Bermuda was hammered by two tropical cyclones in less than a week, Fay and Gonzalo. But hitting Bermuda was one of the few things the storms […]

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ILS News

Cat bonds help California Earthquake Authority to offer rate reduction


The California Earthquake Authority (CEA), the publicly managed residential earthquake insurance provider, is proposing to reduce homeowners rates, as savings made due to catastrophe bonds […]

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Convergence 2014

ILS Bermuda announces: “Bermuda Convergence 2014 will go on”


Bermuda’s resilience and catastrophe preparedness were demonstrated after being battered by Tropical Storm Fay and Hurricane Gonzalo within the period of a week.  The island received international media attention while […]

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ILS News
Education

Retail Investors – the third wave


A new type of investor – the retail investor – is rapidly becoming a major force in the capitalisation of the reinsurance industrySince 2005 there […]

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Speakers
Panel Speakers
Industry Panel 2

Costas Miranthis


Costas Miranthis is President and Chief Executive Officer of PartnerRe Ltd. and is also a director. He has served in his current position since January 2011. Mr. Miranthis joined the […]

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Education

Nothing Happened: PCS Q3 2014 Catastrophe Bond Report


Catastrophe bond issuance remained at $5.7 billion through the end of September but still topped the same period in 2013. Despite the absence of property […]

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Convergence 2014

ILS Bermuda Announces Panel Session for Convergence 2014


Hamilton, Bermuda – ILS (Bermuda) Ltd., the organisers of the Bermuda Convergence 2014 today announced the second panel session that will be held at this year’s event as ‘Relative value […]

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ILS News

Michael Frith: Insurance Is Big Business


Go to any city in the world, and look for the grandest or most iconic modern building there. Chances are it’s owned by an insurance company. And why is that? […]

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ILS News

Monte Carlo Wrap Up


Every year, the reinsurance conference in Monte Carlo is accompanied by market analysis from key industry observers that sets the agenda for the next year. Here […]

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ILS News

Big is not always beautiful


Interest from small and mid-sized cedants in the use of ILS as a risk transfer mechanism is growing fast and several platforms are now able […]

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Speakers
Keynote Speakers
keynote speakers 2014

Erik Wahl


An internationally recognised creative strategist and a #1 best selling business author.  Drawing from his history as both an entrepreneur and an artist, Erik has has delivered his inspiring concepts and breakthrough […]

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ILS News

Innovate & adapt to navigate a reconfigured reinsurance industry: S&P


Innovation and adaptation are two key traits of global reinsurance firms that will succeed in remaining relevant as they navigate what will eventually result in […]

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ILS News

Alternative reinsurance capital and ILS on the rise. Up 18% in the first-half to now $59 billion of reinsurance capital, according to Aon Benfield’s latest estimate.


The amount of alternative capital in the reinsurance marketplace increased by 18% to reach $59 billion in the first-half of 2014, according to Aon Benfield, […]

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Speakers
Keynote Speakers
keynote speakers 2014

Paul Jardine


Paul Jardine, a qualified Actuary, is Deputy Chairman of Catlin Underwriting Agencies Limited and Chief Operating Officer of Catlin Group Limited. He has over 30 years of insurance industry experience […]

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Speakers
Panel Speakers
Industry Panel 2

Marc Grandisson


Marc Grandisson is the Chairman & CEO of Arch Worldwide Reinsurance & Mortgage Group. Mr. Grandisson began his career in 1990 as an actuarial assistant with Tillinghast/Towers Perrin, first in […]

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Speakers
Panel Speakers
Industry Panel 3

Jay Cohen


Jay A. Cohen is a managing director in the Equity Research Department at Bank of America – Merrill Lynch and covers the property/casualty insurance industry and insurance brokers.  He is the […]

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Speakers
Panel Speakers
Industry Panel 3

John Brynjolfsson


Mr. Brynjolfsson is Armored Wolf’s CIO and is also a member of the Management and Investment Committees.  As CIO, he is responsible for overseeing all investment activity at Armored Wolf. […]

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Speakers
Panel Speakers
Industry Panel 3

Michael Millette


Michael is the global head of the Structured Finance business in the Finance Group. He is also co-chairman of the Structured Finance Capital Committee and serves on the Investment Banking […]

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Speakers
Panel Speakers
Industry Panel 3

Todor Todorov


Todor Todorov is an Investment Consultant at Towers Watson and is a member of the hedge fund research team. He joined the firm (at the time Watson Wyatt) in September […]

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Convergence 2014

ILS Bermuda Announces Keynote Speaker for Convergence 2014


Hamilton, Bermuda – The Keynote speaker for Convergence 2014 will be Paul Jardine, Deputy Chairman of of Lloyds, ILS Bermuda Ltd announced today. Mr. Jardine will address the fear of […]

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Speakers
Panel Speakers
Industry Panel 2

Paul Schultz


Paul Schultz is CEO of Aon Benfield Securities and leads Aon Benfield’s investment banking team, responsible for providing investment banking products and services to Aon’s clients on a global basis.  […]

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Speakers
Panel Speakers
Industry Panel 2

Lixin Zeng


Lixin Zeng, Ph.D., CFA, is the Chief Executive Officer of AlphaCat Managers Ltd. and has played a key role in the Manager since its formation in 2008. Prior to this role, he was […]

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Speakers
Panel Speakers
Industry Panel 3

Jonathan Malawer


Jonathan Malawer, CFA, began his investment career at Thomson Financial with their Capital Markets Consulting group.  In 2004, Mr. Malawer worked at General Motors Asset Management as an analyst within their […]

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Speakers
Panel Speakers
Industry Panel 2

Anthony Rettino


Anthony Rettino is a Founding Principal and Portfolio Manager at Elementum.  Tony serves on the firm’s Board of Managers and as Co-Chairman of Elementum’s Investment Committee and is responsible for portfolio […]

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ILS News

Competition would be fierce even without third-party capital surge: S&P


The competitive nature of the current global reinsurance market is often blamed on the recent influx of additional capital from third-party and institutional investors, like […]

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ILS News

ILS success seen as a blueprint for attracting business


Bermuda Stock Exchange chief Greg Wojciechowsi has highlighted Bermuda success in attracting insurance-linked securities (ILS) to Bermuda in a prestige European magazine aimed at business […]

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Education

2014 hurricane update with NASA’s Dr Tim Hall


It has been a quiet year for Atlantic hurricanes, and it is increasingly likely to stay that way. In the first of a series of […]

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ILS News

Converge or Die


André Perez, CEO of the Horseshoe Group, describes how capital markets are changing the traditional catastrophe reinsurance model. Let us go back to when it […]

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Education

Seismology on firmer ground


The cat bond and reinsurance markets are likely to be affected by a new study by the US Geological Survey. It concludes that, in many […]

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ILS insight to focus on modelling and pricing


Pricing, modelling, transformation structures and RTA providers, as well as other pressing issues within the ILS sector, are to be discussed at ILS Insight next […]

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ILS News

Positive for ILS investing: McKinsey says alternatives to keep growing


One of the factors that is responsible for assisting the rapid growth of the insurance-linked securities (ILS) and reinsurance-linked investments market in recent years is […]

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Education

The rise of the insurance linked fund


For hundreds of years reinsurance was sold by reinsurers. In the early 2000s, a handful of specialist fund managers began to construct portfolios of catastrophe […]

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ILS News

Appleby Interview: The global centre for risk management


Having established itself as a global reinsurance market leader for many years, thanks in large part to its regulatory environment, Bermuda is enjoying a boom. […]

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ILS News

Convergence investors: an evolution


We address the changing make-up, focus and expectations of investors in the convergence space as the market broadens and matures. The options for convergence investors […]

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In The Red


Despite the lack of natural catastrophes, it has been a shaky start to the second half of the year for investors in reinsurance equity. Unlike […]

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ILS News

Bermuda: a world leader in the insurance linked securities market


Most people’s first thoughts of Bermuda will be of a paradise island that combines turquoise waters and pink beaches with old-style British colonial charm. To […]

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ILS News

Bermuda Funds Industry Deemed A Success


As a result of recent innovations in Bermuda’s Fund Industry, the Island was featured in the Regulatory Compliance Association’s (RCA) PracticeEdge Session on July 23, […]

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Convergence 2014
Press Releases

ILS Bermuda Announces First Panel Session for Convergence 2014


LS (Bermuda) Ltd., the organisers of the Bermuda Convergence 2014 today announced the first panel session that will be held at this year’s event as ‘Beyond US Property Cat – […]

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Speakers
Panel Speakers
Industry Panel 1

Cory Anger


Cory is the Global Head of ILS Origination and Structuring at GC Securities, leads the origination and structuring efforts of the capital markets team and has experience working on 46 […]

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Speakers
Panel Speakers
Industry Panel 1

Lorenzo Volpi


Lorenzo Volpi joined Leadenhall Capital Partners in July 2010 as Head of Business Development (responsible for developing new business opportunities for Leadenhall with a particular focus on funds distribution / […]

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JLT Capital Markets closes $44m cat bond


Jardine Lloyd Thompson Capital Markets, part of JLT Towers Re, has closed a $44 million private placement catastrophe bond.

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Citizens halved rate on line in four years


Florida Citizens has managed to halve its rate on line for both traditional and convergence reinsurance capacity since 2011, as it has taken advantage of […]

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ILS News

Nimble and opportunistic


Marc Grandisson, chairman and CEO of Arch Worldwide Reinsurance and Mortgage Group spoke with Bermuda:Re about Watford Re, the company’s work with Fannie Mae and […]

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Schedule
Event Day 2

World Rugby Classic Social


Guests will be shuttled by charter from the PIER 6 venue for an exciting evening of rugby. This concludes Convergence 2014.

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Schedule
Event Day 2

Networking & Cocktails


Following the Keynote Speaker address, a full bar reception provides a platform for networking to continue in the lead up to the Rugby event. An auction will be hosted to […]

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Schedule
Event Day 2

Bento Lunches


This up-market bento box gives attendees several options for hot and cold meal options that they can eat in private, during scheduled appointments with other attendees or take off-site for […]

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Schedule
Event Day 2

Networking & Scheduled Meetings


Casual seating is available throughout the facility with refreshments served at all times during the day. ILS Bermuda Gold sponsors have the additional benefit of private meeting pods for scheduled […]

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Schedule
Event Day 2

Continental Breakfast


Includes coffee, hot drinks, pastries, fresh fruit and energy bars.

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Schedule
Event Day 1

ILS Bermuda Welcome Reception


With full bar service and heavy hors d’oeuvres served throughout the evening.

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Speakers
Panel Speakers
Industry Panel 1

Steve Evans


Steve Evans is owner and editor of Artemis.bm, a leading online news, analysis and data provider for the catastrophe bond, insurance-linked securities (ILS), reinsurance capital and associated risk transfer markets. […]

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Speakers
Panel Speakers
Industry Panel 1

John Butler


John Butler joined Twelve Capital in October 2012 as Partner. John has gained extensive experience in the reinsurance industry, having worked in underwriting for a broad range of non-life treaty […]

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Speakers
Panel Speakers
Industry Panel 1

Michael Bennett


Michael Bennett has spent fourteen years with the World Bank, splitting his time between the World Bank’s Paris office and its Washington, DC headquarters, with a primary focus on structured […]

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Convergence 2014
Press Releases

ILS Bermuda unveils new website as it plans for Bermuda Convergence 2014


Hamilton, Bermuda – ILS (Bermuda) Ltd., the organisers of the Bermuda Convergence 2014 networking event today launched a redesigned website at ilsbermuda.com. […]

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A.M. Best: Global reinsurer stocks face challenges in 2014


Stocks for publicly traded reinsurance companies (including the four large Europeans) performed below the overall market for the first quarter of 2014, according to a […]

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ILS News

Is water the new wind?


A conversation with Dr Robert Muir-Wood, Chief Research Officer of RMS about why water is the new wind when it comes to hurricane risk. For […]

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ILS News

Buffett Warning Unheeded as Catastrophe Bond Sales Climb


By Caroline Chen June 16th, 2014 Bond buyers are betting more than ever on the mercy of Mother Nature as they seek to boost yields […]

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ILS News

Room to grow as ILS & alternative capital demonstrate staying power


The staying power of insurance-linked securities (ILS) and alternative reinsurance capital still needs to be demonstrated to some of the world’s largest insurers, for whom […]

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Education

A brief history of cat bond prices – part one


We analysed twelve years of data to try to understand the causes of the big changes in the market price of catastrophe bonds Cat bond […]

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Galleries

Ils Bermuda Convergence 2013


Images from our 2013 event hosted at PIER 6 on Front St. This invitation-only event is distinctively different from other industry events, providing a unique platform for networking.

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ILS News

The ILS ‘explosion’: getting it right


For insurers and investors alike, the right choice of trustee/agent administering the ILS structure is vitally important, as Alex Tsarnas and Erin Courcey explain. For […]

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ILS News

Global leadership in ILS


Bermuda has established a position for itself as the leading global domicile for ILS. Here we receive insights from the diverse set of partners who […]

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ILS News

Cash: ILS growth does benefit Island’s economy


Does the powerful growth in insurance-linked securities actually benefit the Bermuda economy? While questions remain about the job-making potential of a sector that has produced […]

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