6th Insurance Linked Securities Summit
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Transcript of 6th Insurance Linked Securities Summit
July 15 – 17, 2009 The FairmontSouthampton, Bermuda
6th
1-800-882-8684 • www.ilsbermuda.com
• Examine the future of the liquidity landscape for insurancelinked securities
• Get the full benefit of new investor safeguards andcollateral management techniques for catastrophe bonds
• Leverage the most effective diversification and analyticstools to optimize your investment portfolio
• Harness innovations in synthetic products, ILWs, exchange-traded products, and risk modeling techniques
• Achieve visibility over changing LE estimates and understandthe implications for your existing and future life settlementportfolios
• Understanding the impact of regulatory changes on the sector
John BergerPresident & CEOHarbor Point Re
Matthew ElderfieldCEOBermuda MonetaryAuthority
Steven BloomSenior Portfolio AnalystAPG Investments
Bernard Van der StichelePortfolio ManagerOntario Teachers’ PensionPlan Board
Thomas SchmittManaging PartnerAugur Capital
John SeoManaging PrincipleFermat Investments
Featuring 2 Tracks for Life andNon-Life ILS, Enabling You to:
• 300 senior decision-makers from institutional investors, hedgefunds, asset managers, insurance & reinsurance companies, brokers,banks and law firms
• Dedicated conference tracks for the life and non-life sides ofthe ILS fence, allowing you to maximize your learningopportunities throughout the 3-day event
• Interactive roundtable sessions on your most pressing issues,enabling you to brainstorm solutions with your peers
• More than 20 hours of extended networking opportunities,ensuring you walk away with valuable new contacts from the industry
• 50+ industry-leading speakers, delivering more content on ILSthan any other event in the world
The only ILS conference in theworld delivering…
Major Sponsors Sponsors Media Partners
Delivering the Latest Investment Strategies for Insurance Linked Securitiesincluding P&C Securitization, Cat Bonds, Life Settlements and Longevity Risks
50+ industry-leading speakers, including the following ILSinnovators & investors:
Paul SchultzPresident, InvestmentBanking AON Benfield
Steven VestbirkCEORoyal Ark AssetManagement
Insurance Linked Securities
Summit TM
Register by April 24th &SAVE up to $798!
“A great conference in a great location. Rarely is networking as enjoyable as at IQPC’sexcellent ILS Summit in Bermuda.” - Craig Seitel, CEO, Abacus Settlements
Dear Colleague,
2009 is a crucial year for the insurance linked securities market. Offering a high potential forgrowth and low correlation with global share prices, the asset class has held up well underextremely challenging market conditions, with many positive developments – such as the issue ofnew bonds from SCOR, Chubb, and Liberty Mutual – witnessed in the first quarter of theyear. Nevertheless, it is clear that much still needs to be achieved before ILS comes of age as amature asset class suitable for the full spectrum of potential investors. Enhanced transparency,reduced counterparty risk and better valuations are just a few of the things that investors aredemanding to ensure the long term future of the sector.
If you want to make sense of the opportunities represented by this exciting asset class, make sureyou join us at the 6th Insurance Linked Securities Summit. Taking place in Bermuda from July15 – 17, 2009, the event brings together senior decision-makers from the entire insurance-capitalmarkets value chain, including institutional investors, insurance and reinsurance companies, hedgefunds and banks. It’s the largest ILS conference in the world, with more delegates, more speakers,and more opportunities for networking than any other event on the market.Following the huge success of our New York ILS Summit earlier this year, we’ve taken theimportant decision to create two dedicated tracks for the life and non-life sides of theindustry. This ensures you maxmize your opportunities on-site, delivering a tailored-learning andnetworking experience based on your specific area of focus. We’ve also created a series ofnetworking-focused champagne roundtable discussions, enabling you to brainstorm yourbiggest issues at the same time as making valuable contacts from the industry. And in response tofeedback from both conferences, we’ve arranged an exciting guest presentation on thefuture of human longevity, to be delivered by Bernard Siegel, Executive Director of theGenetics Policy Institute, one of the world’s leading authorities on stem cell research and lifeenhancing technologies.
Please take a few moments to review the at-a-glance agenda on the following pages, and thenvisit our website www.ilsbermuda.com for the more detailed program.
We look forward to meeting you in sunny Bermuda this July, at the key meeting of the year forthe ILS investment community!
Kind regards,
The 6th Insurance Linked Securities Summit Advisory Board
James BrycePresident & CEOIPC Re
Karsten BromannManaging Partner & Chief Risk OfficerSolidum Partners
Craig SeitelCEOAbacus Settlements
Bill DubinskyManaging DirectorSwiss Re
Eddie StoneManaging DirectorPlainfield AssetManagement
Colin RainierManaging DirectorHannover Re
Mike FasanoPresidentFasano & Associates
Alan BuergerCEOCoventry
John BergerPresident & CEOHarbor Point Re
Matthew ElderfieldCEOBermuda Monetary Authority
Dirk LohmannCEOSecquaero
Jay VadivelooWatson Wyatt Professor of Actuarial ScienceUniversity of Connecticut
Bernard Van der StichelePortfolio ManagerOntario Teachers’ Pension PlanBoard
Michael FasanoPresidentFasano & Associates
Patrice HornerVice PresidentNorth Atlantic Asset Management
Franz-Philippe PrzybylChairman & CEOBAC Berlin Atlantic Capital AG
Thomas SchmittManaging PartnerAugur Capital
Richard LowtherCOOValidus Managers
Wai-Keung TangManaging PartnerAlpha-Value Asset Management
John SeoManaging PrincipleFermat Investments
Our most outstandingspeaker faculty ever,with 50+ ILS leadersincluding…
■ 12% Pension Funds &InstitutionalInvestors
■ 18% Hedge Funds
■ 3% Family Offices& EndowmentFunds
■ 8% Asset Managers
■ 21% Insurance & ReinsuranceCompanies
■ 12% Banks
■ 8% Law Firms
■ 10% Life Settlement Companies
■ 4% LE Providers
■ 4% Modeling Agencies
Who Will Attend:
6th
Insurance Linked Securities
Summit TM
“It was very well attended and the discussions were veryinteresting. The organization of the event was perfect.”
– Urs Ramseier, Head of Insurance-Linked Securities, Horizon 21
1-800-882-8684 • www.ilsbermuda.com 2
July 15 – 17, 2009The FairmontSouthampton, Bermudawww.ilsbermuda.com
9:30 Identifying the Opportunities in theBermuda Insurance MarketBradley Kading, President & Executive Director, Association of Bermuda Insurers and Reinsurers
9:50 Insurance and the Capital Markets: Is the FinancialCrisis Accelerating or Reversing the ConvergenceProcess?• Examining the obstacles to insurance-capital markets convergence:• Identifying potential growth areas for the trading of insurance risk
by capital market participants• Understanding the impact of regulatory changes on the
relationship between insurance companies and capital marketparticipants
• A look to 2010 and beyond: What future challenges await us?Morton Lane, President, Lane Financial
Followed by a panel discussion featuring...Matthew Elderfield, CEO, Bermuda Monetary AuthorityCraig Seitel, CEO, Abacus SettlementsPaul Siegert, President & CEO, Insurance Studies Institute
11:00 Networking Break
7:45 Registration & Coffee
8:30 Welcome & Chairman’s Opening Remarks
Michael Crane, Managing Director, Coventry
8:45 “Risk, Reward & Reinsurance”:Looking into the Future of theGlobal Reinsurance Industry• Defining the role that reinsurers must play in
the recovery of the global economy• Examining the future in new and innovative reinsurance products• Reinsurance & risk management: How should a reinsurance
company calculate its optimal level of exposure?• Challenges and opportunities: A closer look at the pressures that
will continue to produce innovation within the reinsurance industry in 2010 and beyond
John Berger, President & CEO, Harbor Point Re
Concurrent Sessions Begin: Choose Track A or B
Track A: Non-Life (Cat Bonds and other forms of P&C Insurance Securitization)
11:45 Looking into the Future of P&C InsuranceSecuritization: Translating Today’s Challenges intoTomorrow’s Innovations• Examining early indications from the 2009 storm season and its impact
on pricing structures• Comparing 2009 cat bond structures with those of the past• Evaluating the ability of the market to meet the needs of new
investors• The 2009 cat bond pipeline: Which products are proving
most popular with investors?Karsten Bromann, Managing Partner & Chief Risk Officer,Solidum PartnersKai Morgenstern, Vice President, Renaissance ReHenning Ludolphs, Head of Insurance-Linked Securities, Hannover Re
12:45 Networking Lunch sponsored by:
1:45 The Broader Spectrum of Non-Life ILS: Exchange-Traded and OTC Catastrophe Derivatives, IndustryLoss Warranties (ILWs), and Securitized Reinsurance• Analyzing the structure of an ILW: How does it work?• Comparing ILWs and ELFs• ILWs as reinsurance vs. exchange traded products• Managing counterparty risk in ILWs and exchange traded products• ILWs as cat bond and retro reinsurance alternatives in the current
market• ILW portfolio simulation exercise: How much would you have made
with ILWs in your portfolio in 2005, 2006, 2007 & 2008?Alex Krutov, Managing Director, Century Atlantic CapitalAashh K. Parekh, Director, Global Public Markets, TIAA-CREF
Track B: Life (Life Settlements, Longevity Risk & Life Insurance Securitization)
The Institutionalization of the Life InsuranceSecondary Market: “Tradable Paper”• Ensuring credit measurements• Best practices & standards• Industry data reporting• Portfolio measurements & reporting• Investment securitization, structures & practices• Audit procedures
Paul Siegert, President & CEO, Insurance Studies InstituteMichael Byl, President, Strategic Directions ManagementBrian Tijan, Director, Life Finance Group, Credit Suisse
Examining the Latest Breed of Synthetic LifeSettlement Products: Understanding theAdvantages to Traditional Cash Investments in LifeSettlements• Taking a closer look at the existing market for synthetic life settlement
products• Understanding the advantages and disadvantages of cash investments
in life settlements versus synthetic products• Using synthetic life settlements as a hedging mechanism against
mortality risk• Identifying the most effective structures for synthetic life settlement
products• Examining the importance of having clean, accurate life policy data
Eamonn Ling, Head of Investment, Catalyst Investment GroupJason Liddell, Vice President, Credit Suisse
Main Conference Day 1Thursday, July 16, 2009
3Sponsors:
OpeningKeynoteAddress
8:00 Coffee & Registration
8:30 Chairman’s Opening Remarks
8:45 Looking into the Future of the ILS LiquidityLandscape: Identifying the Sources of Tomorrow’sInvestment Capital• Comparing the situation with life- and non-life insurance linked securities• Analyzing the attractiveness of insurance linked securities from the
investor standpoint• Evaluating the suitability of insurance linked securities from the
viewpoint of different investment horizons• Quantifying the future liquidity contributions from: Major pension
funds, Endowment funds, Family offices, Wealth managementcompanies, Funds of funds and other, niche investors
• What more needs to happen to thaw out the marketplace?Paul Schultz, President, Investment Banking, AON BenfieldBernard Van der Stichele, Portfolio Manager, Ontario Teachers’ Pension Plan BoardJohn Seo, Managing Principle, Fermat Capital ManagementThomas Schmitt, Managing Partner, Augur Capital
9:45 How Long Will We Live in the 21stCentury? Analyzing the FutureInterplay Between Medicine,Technology, Mortality & Disease• Examining the factors that will continue to play
a role in the extension of longevity:• Biotechnology & genetic engineering• Nanotechnology• Improvements in diet • Medical advancements in the treatment of cancer, respiratory
and heart disease• Examining the factors likely to increase levels of mortality:
• Obesity & the “sedentrification” of the Western lifestyle• Flu and the risk of pandemics• Population growth and geopolitical tensions
• Combining the factors into a unified model: How will our longevitybe influenced by changes in 21st century life?
Bernard Siegel, Executive Director, Genetics Policy Institute
10:45 Networking Break
3:45 Networking Break
4:30 Interactive Champagne Roundtable DiscussionsAfter a jam-packed day of big picture keynotes, panel discussions, case studies, and presentations, the 6th ILS Summit gives you the chance to meetand brainstorm with small groups of your peers during our interactive champagne roundtable discussions. This is a great opportunity to make valuablecontacts from your area of interest, and to deep-dive into the tricky details that you may missed in the course of the day’s sessions. MUST ATTEND!
2:45 The View from the Investment Community: Examiningthe Most Effective Strategies for Diversifying YourPortfolio with P&C Insurance Products• Identifying the advantages of P&C insurance products:
• Lack of correlation with the stock market• Relatively high returns compared with other non-correlated asset
classes• Identifying the drawbacks of securitized P&C insurance products for
the investor community:• Lack of standardization in P&C insurance products• Relatively high transaction costs• Significant ordinary investment horizons
• Achieving visibility over the full spectrum of product structuresavailable to investors
• Examining the most effective hedging strategies for a non-life ILS portfolioCharles Flynn, Portfolio Manager, Mariner Investment GroupGreg Hagood, Principal & Co-Founder, Nephila CapitalStephen Velotti, Portfolio Manager, Juniperus CapitalPatrice Horner, Vice President, North Atlantic Asset Management
The View from the Investment Community: Understandingthe Role Played by Life Settlement Products Within aRobust, Well-Diversified Investment Portfolio• Examining the peculiar characteristics of life settlements as an asset class• Understanding the investment horizons, and expected return rates, of
cash and synthetic life settlement products• Determining a role for life settlement products within a well-rounded
investment portfolio• Identifying the tools needed to reduce due diligence “costs of carry”
for investors • Assessing the liquidity of life-settlement securities • Examining the precise role to be played by life-settlement investment
products within a diversified, resilient investment portfolioFranz-Philippe Przybyl, CEO, Berlin Atlantic Capital AGGene Miao, Managing Director, Highland CapitalWai-Keung Tang, Managing Partner, Alpha-Value Asset ManagementSteven Vestbirk, CEO, Royal Ark Asset ManagementMichael Crane, Managing Director, Coventry
Track A: Non-Life
1. Collateral Management for Cat BondsDiscussing new collateral management techniques and theireffectiveness in reducing counterparty risk
2. Catastrophe Modeling TechniquesDiscussing the most effective modeling strategies for common (and notso common) catastrophes
3. The Growth of the ILW MarketAssessing the growth prospects – and steps towards standardization –of the ILW market
5:30 Cocktail Reception sponsored by
Track B: Life
1. Modeling LongevityDebating actuarial approaches to modeling life expectancy
2. Regulation in Life SettlementsUnderstanding the impact of new state and federal regulations on thelong-term future of the life settlements industry
3. Synthetic Life Settlement ProductsDiscussing investment strategies based on new synthetic life settlementstructures
Main Conference Day 2Friday, July 17, 2009
1-800-882-8684 • www.ilsbermuda.com 4
KeynoteGuest
Address
Track A: Non-Life (Cat Bonds and other forms of P&C Insurance Securitization)
11:30 Beyond Catastrophe Risk: The Future of InsuranceSecuritizationDirk Lohmann, CEO, Secquaero
12:15 Managing Credit Risk in Cat Bond Transactions:Delivering New Investor Safeguards through RadicalTransparency, Continuous Collateral Monitoring &Changes in Permitted Investments• A closer look at the impact of the Lehman Brothers’ collapse on the
global Cat bond market• Understanding how the components of investment risk interact
(interest rate risk, reinvestment risk & credit risk)• Implementing new permitted investment rules for the assets to be
used within Cat bond collateral• Designing collateral top-up provisions in the event of a reduction in
asset values• Enhancing the transparency of Cat bond collateral through web-
based interfaces and continuous monitoring techniquesRichard Lowther, COO, Validus ManagersDonald Thorpe, Head of Insurance-Linked Securities, Fitch RatingsKarsten Bromann, Managing Partner & Chief Risk Officer,Solidum Partners
1:15 Networking Lunch
2:15 Towards a More Sophisticated Understanding ofCatastrophe Risk: Lifting the Lid on EvolvingCatastrophe Modeling Techniques• Examining the changes in catastrophe models since Katrina in 2005• Understanding the most effective modeling techniques for dealing
with uncertainty in loss numbers• What happens when the models disagree? Getting to grips with the
best strategies for dealing with conflicting risk models• Are increases in computing power altering the capabilities of 21st
century modeling software?Speaker to be confirmed. Please check the website for updatesand announcements.
3:00 Issuers’ Perspectives on the Future of the Cat BondPipeline: Removing the Roadblocks to FutureIssuances• Determining the extent to which “de-risking” in the reinsurance
industry means a flight from the capital markets by issuers• Will Cat bonds take on an increasing or decreasing proportion of total
reinsurance capacity in 2009?• Will newly transparent Cat bond structures be sufficient to remove the
spectre of counterparty risk from new Cat bond issues?• Is the “golden age” of new Cat bond issues still ahead of us, or in the
past?Mark Van Zanden, Outwards Reinsurance Business Group Leader, Catlin InsuranceBeat Holliger, Managing Director, Capital Markets,Munich Re America
4:00 End of Conference
Track B: Life (Life Settlements, Longevity Risk & Life Insurance Securitization)
Trends in Longevity and Actual/Expected Analyses• A demographic analysis of longevity extension• Trends in mortality improvement• Different methods of actual to expected analysis
• How to apply actual/expected analytic techniques to improveportfolio performance
Mike Fasano, President, Fasano & Associates
Assessing the True Implications of 2009 RegulatoryChanges: Examining the Impact of New RegulatoryPressures on the Long-Term Future of the LifeSettlements Market• Reviewing the regulatory developments of 2009 so far:
• Life settlement regulation changes on a state-by-state basis• The implications of the Congressional hearings in late Spring
• Examining the state of regulatory consensus around Stranger-Originated Life Insurance (STOLI)
• Disintermediation, the competitive landscape, the future of the lifesettlements market
Craig Seitel, CEO, Abacus SettlementsMichael Freedman, SVP, Governmental Affairs, Coventry
An Actuarial Study in Mortality Risk: Creating aMore Transparent Understanding of the Factors thatInfluence Longevity• Examining the need for greater education and fundamental research
work on life settlements• Identifying the misconceptions that have damaged the life settlements
industry and isolated it from mainstream asset classes• Overcoming the difficulties of gaining access to life settlements data• Using transparency within estimations of mortality risk in order to
grow the investor pool for life-connected insurance linked securitiesJay Vadiveloo, Watson Wyatt Professor of Actuarial Science,University of Connecticut
A Pension Funds’ Perspective on Investing inLongevity Risk• Which investment structures are more attractive to pension funds
from a hedging perspective? • Understanding the interplay between the longevity risk and life
settlement markets• Developing a portfolio of complementary longevity risks• Examining the progress towards tradable indices to give secondary
market exposure to holders of both longevity and mortality risk• Overcoming the challenges of developing transparent pricing in
longevity risk • Examining the feasability of pension scheme buy-outs as an
alternative to investments in longevity riskJacob Bourne, Principal, Enduring InvestmentsJohn Fitzpatrick, President, Pension CorporationSteven Bloom, Senior Portfolio Analyst, APG Investments
“This is THE must attend ILS event. So many people attend the event - the networking is one of the main benefits.”
- Michael Stahel, Head of Insurance-Linked Investments, Clariden Leu
5
Concurrent Sessions Begin: Choose Track A or B
Sponsors:
1:30
– 4
:30
(Wor
ksho
ps A
& B
will
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) Lu
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For investors new to catastrophe risks, there are bewilderingarray of different risks, regions, sourcing channels and maturitylevels available for portfolio diversification. But what does the“optimal” allocation strategy look like, and how shouldinvestors align their risk/reward tolerance with the many optionsthat are available? Attending this 3-hour long workshop willprovide you with a detailed knowledge of cat risk portfoliocreation, making you a better investor in this exciting asset class.What you will learn:• Achieving visibility over the full spectrum of diversification
strategies:• Diversification by asset class (equity, debt, commodities & ILS)• Diversification by subsectors (wind, quake, life) and
geographical regions (US, Japan, Europe, etc)• Diversification by sourcing channels (cat bonds, ILWs,
sidecars, exchange-traded products)• Diversification by maturity (<1 year, 2-5 years, >5 years)
How you will benefit:• Understand how to balance diversity levels with your required
risk-reward tolerance• Achieve visibility over the risk metrics for each region and
peril combination• Overcome the pricing difficulties of infrequent historical eventsWorkshop leader to be confirmed. Please check thewebsite for updates and announcements.
Managing a Portfolio of Longevity RisksLongevity risk can provide an investment portfolio withdiversification benefits, but engineering the portfolio can itselfbe a challenging task. Considerations must be made for theunderwriting techniques, types of impairment, and even theprospect of changing longevity estimates. This interactiveworkshop will address the challenges to developing a profitableand diversified portfolio.What you will learn:• Examining the mechanics of a diversified portfolio of
longevity risks • Analyzing changes to the VBT tables • Understanding the calculations used in longevity tables How you will benefit:• Understand how to recognize and subsequently reconcile
imbalances in your portfolio • Customize portfolio goals to appropriate risk appetite levels • Get to grips with the medical underwriting and longevity
analysis processes Workshop leader to be confirmed. Please check thewebsite for updates and announcements.
A
5:00
– 8
:00
The A-Z of Cat Bond Engineering: Creating Truly Effective Cat Bond Structures for the Benefit of AllMarket ParticipantsFor those on the structuring side, getting the trigger design andcollateral guarantees right are absolutely essential to the success andresilience of each cat bond. In this extended session, Lixin Zeng – aglobally recognized expert in insurance portfolio optimization andrisk management – will teach you how to structure an effective catbond, ensuring you avoid all the pitfalls involved in this highlycomplex process.What you will learn:• Selecting the most appropriate risk mechanism from the “trigger
menu” – choosing between Hybrid, Indemnity, Industry,Parametric, Indexed & Modeled
• Identifying structural innovations within 2009 cat bonds: Towardsgreater transparency of both credit and catastrophe risks
How you will benefit:• Leverage cat bond risk structures to minimize basis risk and
maximize transparency• Understand how to create effective new collateral structures for
the next generation of Total Return Swaps (TRS)
Lixin Zeng, Portfolio Manager, Alpha Cat Fund
Welcome drinks and hors d'oeuvres will be served
C
B
OR
Pre-Conference WorkshopsWednesday, July 15th 2009
Optimizing a Portfolio of Catastrophe RisksLeveraging the Latest Analytical &Optimization Techniques for Superior Returns
“I was very positively surprised to see so many people attending the conference – especially in the currentenvironment. This speaks for itself and, obviously, for the conference organizers. IQPC’s ILS Summit is most
certainly an event worth attending.” - Beat Holliger, Managing Director, Munich Re Capital Markets
1-800-882-8684 • www.ilsbermuda.com 6
About the VenueThe Fairmont Southampton101 South Shore RoadSouthampton, BermudaTel: (441)238-8000Fax: (441)238-8968
Website: www.fairmont.com/Southampton
Note: Contact hotel for directions andtransportation suggestions.
IQPC has secured a reduced-rate room block forparticipants of the 6th Insurance Linked SecuritiesSummit. For reservations, please contact the hoteldirectly at (441)238-8000. Be sure to mention youare attending IQPC’s ILS Summit for the grouprate.
About the Fairmont Southampton:Imagine shimmering turquoise seas, powdery pinksand beaches, exotic tropical gardens andspectacular sunsets, and you have envisioned thebreathtaking landscape surrounding The FairmontSouthampton resort in Bermuda.
Relax beneath a rainbow of umbrellas at ourprivate Beach Club, hit the links for a round ofgolf, grab your racket for a tennis match, snorkelyour way around the reefs, ride the waves on ajet ski, explore the island on your scooter andenjoy the fascination that is Bermuda.
With six unique restaurants and award-winningcuisine, including The Newport Room, the onlyAAA 5-Diamond restaurant in theCaribbean/Atlantic region, you will be pamperedfrom the moment you arrive.
About Our Sponsors
7
CoventryFor over 25 years, Coventry has been redefining insurance. Founded in 1982, Coventry began as an insurance marketing,product development and policy administration firm. Known as a leading innovator in the industry, Coventry assistedinsurance carriers in the development of product, software and distribution. It established itself as one of the topcorporate life insurance companies in America during the 1990s, servicing over 70,000 policies for its corporate clients. In1998, Coventry created the secondary market for life insurance in the United States and coined the term “lifesettlement”. As the market leader, Coventry has structured and financed transactions representing more than $25 billionof death benefit and has been a key driver behind the market’s rapid growth. Today, Coventry is the largest purchaserand servicer in the longevity and mortality market, employing more than 200 people. Based in Pennsylvania, Coventrywas the first secondary market firm to earn Standard and Poor’s highest servicer ranking (2004 and reaffirmed in 2006).In 2005, Coventry was first in revenue in the insurance category of the annual Inc. 500 listing of the fastest growingprivate companies in America. Website: www.coventry.com
Credit SuisseAs one of the world’s leading banks, Credit Suisse provides its clients with investment banking, private banking and assetmanagement services worldwide. Credit Suisse offers advisory services, comprehensive solutions and innovative productsto companies, institutional clients and high-net-worth private clients globally, as well as retail clients in Switzerland.Credit Suisse is active in over 50 countries and employs approximately 48,000 people. Credit Suisse’s parent company,Credit Suisse Group, is a leading global financial services company headquartered in Zurich. Credit Suisse Group’sregistered shares (CSGN) are listed in Switzerland and, in the form of American Depository Shares (CS), in New York. TheLife Finance Group at Credit Suisse is a dedicated group of over 90 professionals with backgrounds in various industrieswhich include insurance, banking, structuring, sales and risk management based in New York, London and Hong Kong.Website: www.credit-suisse.com
Abacus Settlements, LLC: Abacus Settlements, LLC: In the heart of New York's financial district - and at the forefront of today's burgeoning lifesettlement industry - is Abacus Settlements, LLC, a Life Settlement Provider that has distinguished itself with success inmany measurable ways. Abacus Settlements, LLC is committed to establishing long-term relationships with producers,brokers and financial professionals. We believe in building trusting relationships by working fast, hard, and smart to helpyou realize the successful outcome you require. Website: www.abacussettlements.com
Surrenda-link Investment Management:With UK£1.0 billion under management or advice (as at 31/12/08), Surrenda-link Investment Management is consideredto be the largest and most established full service traded life policy specialist in Europe. Primarily, Surrenda-link designs,builds and manages funds for institutional investors based upon US Life Settlements and UK Traded Endowment Policies.In addition, the company provides portfolio management services for institutions wishing to purchase directly for theirbalance sheet.Traded Life policy portfolios have a low-correlation to traditional asset classes, being largely unaffected by interest rate orequity market movements and deliver attractive positive returns with minimal volatility: For almost two decades, Surrenda-link has been at the forefront of innovation with investments based upon lifeinsurance policies. In 1992 Surrenda-link became the first company in the UK to devise and launch a TEP investment fundand in 2004 created what is thought to be the world's first Life Settlement-based stock exchange listed fund. Website:http://slinvest.co.uk
Fasano AssociatesFasano Associates is a leading underwriting firm, serving the life, annuity and life settlement markets, with particularexpertise in over-65 and impaired life mortality. Fasano’s estimates of life expectancy are considered the most accurate inlife settlement market, with an Actual to Expected accuracy ratio of 96% estimated in two successive independentactuarial evaluations. Contact Fasano at www.fasanoassociates.com. Website: www.fasanoassociates.com
SPONSORSHIP AND EXHIBITION OPPORTUNITIESSponsorships and exhibits are excellent opportunities for your company to showcase its products and services to high-level, targeted decision-makersattending the 6th Insurance Linked Securities Summit. IQPC and Finance IQ help companies like yours achieve important sales, marketing and brandingobjectives by setting aside a limited number of event sponsorships and exhibit spaces – all of which are tailored to assist your organization in creating aplatform to maximize its exposure at the event. For more information on sponsoring or exhibiting at the 6th Insurance Linked Securities Summit, please contact Mario Matulich at (212) 885-2719 [email protected].
Media Partners
Sponsors:
July 15 – 17, 2009 The Fairmont Southampton,Bermuda
TM
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STANDARDPRICING:Insurance Linked
Securities Summit TM
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SPECIAL DISCOUNTS AVAILABLEA limited number of discounts are available for the non-profit sector,government organizations and academia. For more information, pleasecontact customer service at 1-800-882-8684.
DETAILS FOR MAKING PAYMENT VIA EFT OR WIRE TRANSFERJPMorgan Chase - Penton Learning Systems LLC dba IQPC: 957-097239ABA/Routing #: 021000021Reference: Please include the name of the attendee(s) and the event number:10920.006
PAYMENT POLICYPayment is due in full at the time of registration and includes lunches,refreshment and detailed conference materials. Your registration will not beconfirmed until payment is received and may be subject to cancellation.
For IQPC’s Cancellation, Postponement and Substitution Policy, pleasevisit www.iqpc.com/cancellation
SPECIAL DIETARY NEEDSIf you have a dietary restriction, please contact Customer Service at 1-800-882-8684 to discuss your specific needs.
©2009 IQPC. All Rights Reserved. The format, design, content andarrangement of this brochure constitute a trademark of IQPC. Unauthorizedreproduction will be actionable under the Lanham Act and common lawprinciples.
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