August 19, 2014

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 – The Broadening Mandate of ILS Funds.’

Moderated by Steve Evans of www.Artemis.bm, panellists will include Cory Anger of GC Securities, Michael Bennett of the World Bank, John Butler of Twelve Capital, and Lorenzo Volpi of Leadenhall Capital Partners.

Panellists will address a range of topics including the shortage of US Cat Reinsurance, Corporate Cat Bonds, specialty risks, the Life industry and emerging markets.

Moderator Steve Evans said: “We will be covering a number of topics focused on growth opportunities for the ILS and cat bond sector, how the ILS mandate can be broadened to encompass new markets, risks, or regions and whether ILS should look beyond insurable interest to cover economic and contingent exposures.”

About the panellists

Cory Anger is Global Head of ILS Structuring for CGC Securities. As the global head of insurance-linked securities structuring for GC Securities, as well as a managing director at affiliate Guy Carpenter & Co. L.L.C., Ms. Anger creates innovative ILS transactions across Guy Carpenter’s global operations by providing investment banking capabilities to the reinsurance industry. Ms Anger is expected to highlight the opportunities available in corporate cat bonds…

Michael Bennett is a lead financial officer in the treasury of the World Bank. He has spent over ten years with the World Bank, splitting his time between the Paris office and its Washington, DC headquarters. Prior to joining the World Bank, he worked in the structured finance field in Tokyo, Hong Kong and New York. He has published articles in various legal and financial journals on topics including Indonesian bank restructuring, capital markets regulation in Singapore and Taiwan and the regulation of financial derivatives in Asia. Mr. Bennett will provide insight into entry into emerging markets, how to achieve this in a sustainable fashion and the potential interest in cat bonds for economic protection.

John Butler is a Partner and Portfolio Manager ILS for Twelve Capital. John has extensive experience in the reinsurance industry having worked in underwriting for a broad range of non-life treaty classes throughout his career. From 2010 to 2012 John worked for Hannover Re Bermuda as Senior Underwriter for the International Property and Terrorism portfolio. Prior to this John spent seven years with White Mountains Re, initially as Vice President, underwriting International Non-Marine treaty business for White Mountains Underwriting Ltd in Dublin, Ireland and then serving as Senior Vice President managing the International Property treaty portfolio of White Mountains Re Bermuda Ltd, a new venture for the Group for which John was closely involved with the set-up.

Lorenzo Volpi is Head of Business Development for Leadenhall Capital Partners. Mr. Volpi has over 14 years of capital markets and reinsurance broking experience (both traditional and non-traditional) having worked at Aon Re, Banca Popolare di Milano London Branch and Aon Benfield Securities where he looked at the complete spectrum of alternative methodologies of risk transfer, risk financing and the convergence of the reinsurance and capital markets. As a Director of Aon Benfield Securities for five years, Mr. Vopi led the sourcing, structuring, marketing and distribution of various projects and transactions on securitisation of insurance assets such as catastrophe bonds, catastrophe swaps, sidecars and private placements. During the panel session Mr. Volpi will address specialty risks and also the life market.

Steve Evans is the founder and editor in chief of Artemis.bm. Launched in 1999, Artemis is the longest running news, analysis and data media service devoted to the catastrophe bond, insurance linked security & investments, non-traditional reinsurance capital and related risk transfer markets. Artemis now has over 35,000 readers every month. Mr. Evans acts as an advisor to a number of new ventures in the ILS and risk transfer space, as well as to venture funded internet start-ups.

The ILS Bermuda committee launched the inaugural Convergence networking event in November, 2013 at Pier 6 in Hamilton.  The event was hailed a great success and attended by over 280 delegates from 13 different countries.   This year the Bermuda Convergence 2014 event will take place on November 12th and 13th and attract leading industry professionals including investors, fund managers, global insurance and reinsurance companies and professional service partners.

The Bermuda Convergence 2014 event will showcase why Bermuda is the leading centre for global risk management and the jurisdiction of choice for ILS funds, collateralised reinsurance and the fastest growing domicile for catastrophe bond issuance.

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