Main Conference Day 1: Thursday, January 28, 2010

Track A: Non-Life (Cat Bonds and other forms of P&C Insurance Securitization)

Track B: Life (Life Settlements, Longevity Risk & Life Insurance Securitization)

10:30 Sponsor Considerations On The Role Of ILS Within A Comprehensive Risk Management Strategy

• Identifying the advantages of insurance-linked securities compared with traditional reinsurance
• Understanding the disadvantages
• Understanding the most effect strategies for complementing your reinsurance coverage through ILS
• Considerations on structuring catastrophe bonds: Making the choice between indemnity, parametric and hybrid bond triggers
• Risks, perils and layers best for reinsurance and those best for ILS transactions
• Comparing ILS with collateralized reinsurance from a capacity and risk standpoint

Jean-Luc Besson
Chief Risk Officer
SCOR

Amer Ahmed
Chief Risk Officer
Allianz

Elaine Caprio Brady
VP, Ceded Reinsurance Operations
Liberty Mutual

John Seo
Managing Principal
Fermat Capital LLC

Pension Fund Investment Strategies: Institutional Best Practices For Gaining Exposure To The Longevity Asset Class

• Identifying the most significant risks of investing in longevity from an institutional viewpoint
• Comparing physical and synthetic approaches to longevity investments
• Considerations on making the selection between providers, LE providers, and other investment partners
• Understanding how smart policy selection can make life settlements an LDI-suitable asset class

Scott Willkomm
SVP
Coventry

Brian Smith
CEO
Life Equity

Matthew Browndorf
Founder & CIO
Browndorf PEM

Robin Willi
CIO
Rigi Capital Partners

Manish Kapoor
Managing Director
West Wheelock Capital

11:15 Examining The Role Of The Lehman Collapse In The Strengthening Of The ILS Market

• New and improved transparency: Documentation standardization, development of PERILs and other ways to increase clarity in the ILS market
• De-risking structures: Evolution of ILS structures from 2008 and beyond
• What is required to keep the ILS market growing efficiently and effectively

Martin Bisping
Head of Non-Life Risk Transformation
Swiss Re

11:15 Choosing Between Asset Servicing Providers: Is It Purely A Question Of Cost?

• Understanding how market dynamics are increasing the importance of effective asset servicing
• Examining the ways in which proactive higher value servicing activities can dramatically improve the IRR of your portfolio
• Understanding the critical components of comprehensive servicing
• Distinguishing between high-value and low-value servicing activities
• Exploring the risks of “do it yourself” servicing
• Quantifying the enhanced return possible over the lifetime of a typical portfolio

Ward Bukofsky
Chief Operating Officer
NorthStar Life Services LLC

12:00 Panel Discussion: Towards Deeper, Transparent, And More Liquid ILS Markets: Forecasting The Impact Of Innovation And Technology On The Future Of Non-Life Risk Transfer

• Understanding the importance of increasing transparency within the ILS space
• Charting the impact of exchange-traded products and technological solutions on the efficiency and depth of the market
• Examining the role of new trigger structures and risk transfer mechanisms
• Expanding the investor base for insurance-linked securities

Martin Bisping
Head of Non-Life Risk Transformation
Swiss Re

John Seo
Managing Principal
Fermat Capital

Dr Andreas Muellers
Head of Origination, Distribution, ILS Investments
Munich Re

Hedging Tools For Life Settlement Funds: Examining The Full Range Of Strategies For Mitigating Longevity Risk Within A Portfolio

• Life settlement portfolio simulation exercise: Understanding how excess longevity can affect the profitability and/or viability of a life settlement fund
• Identifying the full range of hedging mechanisms available for a life settlement portfolio, including:
• Reinsurance
• Synthetics
• Capital protection
• Currency hedging
• Principles for determining which hedging strategy is right for you, based on the size and morbidity of your portfolio

David Rawson-Mackenzie
Fund Director
Centurion Fund Managers

Franz-Philippe Przybyl
CEO
Berlin Atlantic Capital

Heinz Kubli
Managing Partner
Fundabilis

Jose Garcia
CEO
Carlisle Fund Management

2:00 Triparty Repo Vs. Government-Guaranteed Solutions: The Future Of Collateral Management

• Examining the collateral structures of recent catastrophe bonds
• Comparing the advantages of the triparty repo with governmentguaranteed collateral solutions like treasuries and KfW floating notes
• Focus on Triparty-Repo structures
• Focus on government-guaranteed solutions
• A look at the collateral structures on the cards for 2010's cat bond issues

Beat Holliger
Managing Director
Munich Re

Mark Gibson
Head of Non-life Insurance Solutions
BNP Paribas

Michael Leybov
Managing Director
Horton Point

Bill Dubinsky
Director
Swiss Re

Session Reserved for Credit Suisse

2:45 World Bank Update:Examining The Future Role Of ILS In The Catastrophe Risk Management Strategies Of Member Countries

• A closer look at the capacity needs of World Bank member countries
• Understanding how the World Bank is working to improve disaster preparedness and risk mitigation capabilities
• Examining the role of catastrophe bonds in the risk transfer strategies of developing nations
• Spotlight on the Caribbean Catastrophe Risk Insurance Facility
• Identifying future investment opportunities proceeding from World Bank risk mitigation activities

Ivan Zelenko
Head of Derivatives and Structured Finance
World Bank Treasury

2:45 A New Approach To Life Settlement Investments: "Fusing" With Other Asset Classes To Mitigate Longevity Risk

• Identifying suitable target asset types for fusing with life settlements
• Examining the investment dynamics of fusion life settlement products
• Comparing the investor base: Does the fusion innovation broaden the appeal of longevity-based investments?
• Understanding - and avoiding - the dangers associated with fusion products

Matthew Browndorf
Founder & Chief Investment Officer
Browndorf PEM

4:00 Investment Opportunities In Collateralized Reinsurance

• Comparing collateralized reinsurance to traditional reinsurance and insurance-linked securities
• Examining the returns possible through collateralized reinsurance investments
• Considerations on the choice of investment trust and letters of credit arrangements
• Forecasting future changes in the size of the collateralized reinsurance sector

Stephen Velotti
Chief Underwriting Officer
Juniperus Capital

Greg Hagood
Principal & Co-Owner
Nephila Capital

Realigning Your Fund Structure With The New Taxation Regime Cost-Effective Solutions For Responding To The IRS Guidance

• Understanding what the IRS rulings mean for the taxation of death benefits en-route to your fund
• Determining the most suitable regions for setting up a life settlement fund
• Identifying the sources of international investment capital within your portfolio
• What to do if you have both treaty and non-treaty investment sources
• Creating transparent structures to avoid commingling headaches if setting up a fund from scratch

Leading Tax Specialist to be confirmed

4:45 The Global Market For Industry-Loss Warranties

• Examining the current state of the ILW market
• Comparing the volume of 2009 ILW coverage with the total 2009 cat bond issuance
• Understanding the advantages of ILWs compared with cat bonds: - Shorter time to market
• Smaller transaction costs
• More competitive pricing
• Quantifying the impact of the new Perils index on the future of the market in European ILWs

Chase Toogood
CEO
Iris Re

Patti Guattari
Director
Swiss Re

John Gefaell
Co-Founder
Access Re

Achieving Superior Returns And Diversification Benefits Through Investments In Extreme Mortality

• Examining the structures of recent mortality transactions including Vita, Osiris & Nathan
• Tracking the influence of pandemic and swine flu jitters on mortality pricing
• Putting mortality bonds in context: Understanding the level of mortality needed to trigger losses
• Quantifying the effectiveness of extreme mortality as a hedge against excess longevity

Urs Ramseier
Head of ILS
Horizon 21 Alternative Investmentss

Luca Albertini
CEO
Leadenhall Capital Partners