Insurance-Linked Securities and Catastrophe Bonds
Harvey, Irma, José, Mexican earthquakes, floodings in India and Southern Europe… Recently there has been many severe convulsions of nature, at a large human toll. Insurance indemnities in the US have gone into orbit. How can the insurance businesses protect itself against the effects of severe natural catastrophes? One way is to transfer risks to the vastly larger capital markets. Catastrophe bonds (cat bonds) are one instrument to achieve this. How do they work? What kinds of insurance-linked securities (ILS) other than cat bonds are there on the market? How have recent catastrophes affected cat bonds and other ILS? Who invests in cat bonds? Why are pension funds and asset managers attracted to cat bonds?
Robert Lindblom, CEO and one of the founders of Entropics Asset Management AB, gives us a presentation on this highly topical matter. Entropics is Sweden's first asset manager specialized in cat bonds. Robert has more than 30 years' experience from the insurance and asset management industry. Prior to starting up Entropics Asset Management AB, Robert worked for 10 years with the European asset manager Brummer & Partners, where he started, and become the first CEO of Brummer Life Insurance Company. Before that, Robert was co-founder of one of Sweden’s first insurance broker firms, where held the position of CEO for 10 years. Robert holds an MBA in Finance from Cass City University, London.
|Edellisen kokouksen 20.9.2017 pöytäkirja
|Betting against disaster