Sponsors & Exhibitors
Coventry Capital
Website: www.coventry.com
As the leading firm in the US secondary market for life insurance, Coventry provides institutions seeking uncorrelated performance and low volatility with unrivaled access to the US longevity market. Our integrated platform consolidates structuring, servicing and origination of longevity-based assets under one roof, providing institutions with efficient access to this truly alternative asset class. Coventry has structured, serviced and originated more than $30 billion in longevity-related transactions. With offices in Philadelphia, London, Hong Kong, Tokyo and Sydney, our global distribution platform and deep structuring expertise offers a range of custom solutions to counterparties worldwide. By uniquely bridging capital and insurance markets, Coventry is redefining insurance for investors and consumers alike. To date, we have delivered more than $3 billion to US policy owners for their unneeded or underperforming life insurance policies.
Bermuda Stock Exchange (BSX)
Website: www.bsx.com
Established in 1971 the Bermuda Stock Exchange (BSX) is now the world’s leading fully electronic offshore securities market, with a current market capitalisation (excluding mutual funds) in excess of US$200 billion.
There are 650 securities listed on the BSX of which nearly 350 are offshore funds and alternative investment structures. Trading occurs daily and settlement on a rolling T+3 basis using BEST, the BSX’s Central Limit Order Book trading mechanism which is tightly integrated with the Exchange’s clearing, settlement and depository platforms.
The success of the BSX lies in its innovative approach to new products and markets and its ability to offer a ‘commercially sensible’ regulatory environment. The Exchange specializes in listing and trading of capital market instruments such as equities, debt issues, funds (including Hedge Fund structures), derivative warrant programmes and Insurance Linked Securities, including Catastrophe Bonds.
The BSX, recognised by the US SEC as a Designated Offshore Securities Market, is a full member of the World Federation of Exchanges (WFE) and is located in an O.E.C.D. member nation.
In recent developments, the BSX was granted Approved Stock Exchange status under Australia’s Foreign Investment Fund (FIF) taxation rules, Designated Investment Exchange status by the UK’s Financial Services Authority and in December of 2007 was granted Recognised Stock Exchange by the UK HM Revenue and Customs. In February2008 the BSX was admitted to membership of America’s Central Securities Depository Association.
EQECAT
Website: info.eqecat.com/IQPC2010.html
EQECAT, Inc. provides state-of-the-art products and services to the global property and casualty insurance, reinsurance and financial markets. EQECAT is the technical leader and innovator of catastrophe risk management models that quantify exposure to a range of natural and man-made catastrophic risks. These models are based upon innovative applications of the latest science, engineering expertise, claims and exposure data and advanced mathematics.
Among EQECAT’s offerings are risk modeling services to assist clients with the placement of catastrophe insurance risk in the capital markets. EQECAT has also developed eCAT, an analytical tool that helps investors in insurance-linked securities efficiently manage a portfolio of correlated and un-correlated risks. EQECAT, a subsidiary of ABSG Consulting Inc. was founded in 1994 and is headquartered in Oakland, California. For additional information, please visit info.eqecat.com/IQPC2010.html.
AIR Worldwide
Website: www.air-worldwide.com
AIR Worldwide Corporation (AIR) is the scientific leader and most respected provider of risk modeling software and consulting services. AIR founded the catastrophe modeling industry in 1987 and today models the risk from natural catastrophes and terrorism in more than 50 countries. More than 400 insurance, reinsurance, financial, corporate and government clients rely on AIR software and services for catastrophe risk management, insurance-linked securities, detailed site-specific wind and seismic engineering analyses, and property replacement cost valuation. AIR is a member of the ISO family of companies and is headquartered in Boston with additional offices in North America, Europe and Asia.
KPMG
Website: www.kpmg.com
In today’s challenging global marketplace, companies require a committed and technically outstanding professional services provider who truly understands their business.
KPMG in Bermuda has a dedicated leadership team of 14 partners, collectively overseeing a staff of close to 180, making us one of the largest professional services firms in Bermuda and a leading provider of audit, tax and advisory solutions. We continue to be a leading provider of these services to the ILS industry.
Fundamental to our approach is our focus on industry sectors. We believe that robust audit and value-added advisory services can only be delivered by professionals who truly understand the industry in which their clients operate. This is why we invest continuously in improving our knowledge of the industries we serve.
As well as assisting ILS clients, KPMG in Bermuda provides services to over 600 of the 1500 insurance companies in Bermuda. These clients range from single parent captives, renta- captives, P&I clubs, industry mutuals through to commercial writers including SEC registrants.
ISO's Property Claim Services (PCS)
Website: www.iso.com/pcs
ISO's Property Claim Services (PCS) unit serves property/casualty insurers, reinsurers, and capital markets as an authoritative source of catastrophe loss information, providing estimates of anticipated industry-wide insured losses arising from catastrophes. The estimates reflect the total insurance payment for personal and commercial property items, additional living expenses, business interruption, automobile property damage, and workers compensation. Since 1971, ISO has been a leading source of information about risk. We supply data, analytics, and decision-support ser--vices for professionals in many fields, including property/casualty insurance, mortgage lending, healthcare, government, and human resources. We also offer information for risk managers in all industries. In the United States and around the world, our products help customers protect people, property, and financial assets.
Wells Fargo
Website: www.wellsfargo.com
Wells Fargo is a leading provider of collateral solutions in the ILS space. In the past five years Wells Fargo has established billions of dollars of trust accounts used in lieu of insurance and ILS related letters of credit. Our trust team is dedicated to the insurance and ILS trust concept and work only on such transactions. Key to our success is our desire not only to understand the trust concept, but also to understand the business behind the transactions for which we are asked to be trustee. Additionally, our deposit product options give our clients an enhanced rate of return and the safety and liquidity required in these transactions while keeping their money safe and free from market value fluctuations. To discuss our trust product with Wells Fargo directly please contact Robert Quinn at robert.g.quinn@wellsfargo.com.
CITI
Thomson Reuters
Website: financial.thomsonreuters.com/ILS
Thomson Reuters: Gain additional insight into the convergence of Insurance and Capital Markets by becoming a member of the Insurance Linked Securities Community from Thomson Reuters. The site aggregates news, market data, pricing and provides a way for participants to make new connections and exchange information with their peers. Join now, at no cost, by visiting http://financial.thomsonreuters.com/ILS.