Investing in insurance assets - how investors can access the insurance risk premium

In the twenty years since the issuance of the first catastrophe bond, the non-life reinsurance market has increasingly found ways to pass catastrophe reinsurance risk directly to capital markets, such as via hedge funds and, more recently, pension schemes. Today, institutional investors, including a number of pension schemes in Ireland, provide an estimated $45 billion in capital to the reinsurance market, attracted by both positive long-term returns from the insurance risk premium and low correlation to traditional asset classes.



Adam Beatty of Nephila Capital, a specialist insurance investment manager with c.$9bn under management, and Padraig Flanagan, Senior Investment Consultant with Towers Watson, will outline the case for investing in insurance linked assets, such as catastrophe bonds, and describe the portfolio construction techniques and risks of investing in the asset class.

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