Insurance-Linked Strategies Q3 2023 Manager Update

Dear guests,

For the year 2023, market dynamics for insurance-linked strategies (ILS) proved to be truly favorable: The increased catastrophe event activity of the last years, coupled with a negative performance in the broader financial market in 2022, triggered an increase in capital requirements for insurers and insurers, imposed by regulators and rating agencies. At the same time, the market experienced a reduced investor interest for ILS – this clash of increased demand and limited supply of capacity led to a significant uplift in premium levels for Cat Bonds and Collateralized Reinsurance Transactions (CRI). But was the ILS industry able to benefit from this development? After all, the insurance industry faced yet another series of catastrophe events in 2023, such as the earthquake in the border region of Turkey and Syria in February, a series of bad weather events in Southern Europe over the summer months, the wildfire outbreaks in Canada and Hawaii, and with hurricane ‘Idalia’ so far at least one major hurricane to affect US mainland.

  • Date: Monday, 30 October 2023

  • Time: 09.30 - 10.00 CET

We will send you the streaming link a day before the event and a recording will be available.


Yours sincerely,

LGT ILS Partners

Speaker

Michael Stahel
Partner

Michael Stahel (Swiss) is a Partner at LGT ILS Partners in Pfaeffikon, Switzerland. Prior to the team’s transfer to the firm in June 2012, Mr. Stahel served as head of the insurance-linked investments at Clariden Leu from 2006 until 2012, performing the same role and building the current team. Before this, Mr. Stahel spent eight years with Swiss Re in various positions in Zurich and in London where he was involved in structuring insurancelinked securities and trading insurance risk derivatives on behalf of Swiss Re’s proprietary book. Mr. Stahel holds a BA in Economics from the University of Applied Science in Zurich and an MBA in Corporate Finance from Rochester University (New York). He is fluent in German, English and French.

Registration

Contact

Should you have any questions, please contact your Relationship Manager at LGT Capital Partners.