Video from Artemis London 2022. Session 2: Filling the Gaps

The second session at our Artemis London 2022 conference on September 6th featured a panel discussion titled “Filling the Gaps”, where participants discussed climate and disaster risk, as well as parametric catastrophe bonds.

This video is of the second session from our Artemis London 2022 conference, held on September 6th, 2022 and our first insurance-linked securities (ILS) market conference ever held in the city.

More than 240 attendees enjoyed a wide-range of informative and thought-provoking sessions and networking opportunities at the conference.

Themed largely around the catastrophe bond, attendees heard from expert speakers that have been in the sector for years, as well as newcomers with ideas of how to innovate the cat bond and ILS market going forwards.

Attendees came from as far afield as New Zealand, Hawaii, Asia, North and South America, Bermuda, as well as a large European contingent, plus as you’d expect numerous London marketplace leaders in ILS and reinsurance.

This second video that we’ve released from the event features a panel discussion on climate, disaster risk and parametric catastrophe bonds, under the title of “Filling the Gaps”, moderated by Maria Rapin, CEO of Nephila Climate.

Panellists participating in this discussion were: Lorenzo Volpi, Managing Partner, Leadenhall Capital Partners; Michael Bennett, Head of Derivatives & Structured Finance, World Bank Treasury; Nils Ossenbrink, Managing Partner, Head of Distribution and Products, Twelve Capital.

The group discussed how instruments such as parametric cat bonds fit into ILS fund investment portfolios and how managers think about them.

On parametric cat bonds, Lorenzo Volpi of Leadenhall Capital Partners explained that while these are certainly attractive deals, there is a lot to consider. “Overall, premium is also important and ultimately you need to be paid for the risk, while the type of trigger is also an important factor when we look at these,” he explained.

Nils Ossenbrink of Twelve Capital added that, “We believe for an institutional investor, or other investor, it’s an ideal solution and really something we should try to grow.”

Michael Bennett, from the World Bank Treasury gave some insight into how the institution looks at the ILS market when bringing cat bond deals to market, “We will do everything we can to put it in a package that works for you modelling wise.

“We think we’re bringing you something very valuable, the investor community. We’re bringing you highly-diversifying risk, in an absolutely secure package, as it’s the World Bank issuing these bonds.

“We think we’re providing the market something extraordinarily valuable so we always ask you to work with us and have some flexibility.”

Tickets are now available for our next ILS market conference. Artemis ILS NYC 2023 will be held on February 10th in New York City, register online today.

The video of this conference session from Artemis London 2022 is embedded below and can also be viewed in full, along with previous Artemis Live video interviews, over on our YouTube channel.

You can also listen in audio to all of our interviews by subscribing to the Artemis Live podcast here.

All of our Artemis Live video interviews have a focus on reinsurance, ILS and the efficiency of risk transfer and can be accessed directly from our Artemis Live page.

You can also listen in audio to these interviews by subscribing to the Artemis Live podcast here.

Thank you to all of the kind sponsors of our Artemis London 2022 conference for their support.

For all enquiries regarding sponsorship opportunities at future Artemis events, including the upcoming ILS NYC 2023 conference, please contact us.

Sponsorship opportunities are available for future Artemis conferences, so please do get in touch to discuss these: [email protected].