Share Event

Insurance as an Asset Class

Thursday, November 29 | 6:00 – 8:00 PM
Followed by a Catered Networking Reception

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Members: $30
Nonmembers: $75

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COMPLIMENTARY LIVESTREAM

Free
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Overview

Institutions and Individuals looking to build a diversified portfolio of financial assets usually face the issue of high correlation. This has become an even more acute problem as financial markets have integrated around the world and technology has simplified the access to once arcane asset classes to the average investor.

One of the few asset classes that still remains largely independent from the correlation to financial markets is investment in insurance. Insurance policies valuations are largely based on the factors that directly affect each unique policy or group of policies.

In its first Insurance as an Asset Class event, CFANY has invited managers focused on investing in two large groups of insurance investments: Life Settlements and Catastrophe Insurance.

The Life Settlements business started with the AIDS crisis in the 1980s and quickly evolved into a very technical business where insurance policies were exchanged for cash based on estimations on people’s mortality. New investors (including Warren Buffet) brought valuation methods and capital to the industry, helping to turn it into an asset class in the last 15 years.

Catastrophe Insurance investing started based on the need for the Re-Insurance market to efficiently tap into additional capital to diversify the risk of large but uncertain insurance policies. The securitization of that re-insurance risk in a bond format draw demand from fixed income funds initially. As the number of issues increased, dedicated catastrophe investors surged, taking the risk as a bond or as a re-insurance policy. 

Our goal with this gathering is to enhance our knowledge of the asset class and understand the perspective of each of these practitioners in each of their sub-markets.

Learning Outcome Statements

  • Learn about the industry structure of the life settlement business
  • Learn about the industry structure of the catastrophe bond market
  • Learn about the history of insurance investing

Location

CFA Society New York
1540 Broadway – Suite 1010
45th St. Entrance

Agenda

6:00 PM | REGISTRATION

6:30 PM | OPENING STATEMENT

6:35 PM | LIFE SETTLEMENT MARKET KEYNOTE

Andrew Plevin, Co-CEO & Founder, BroadRiver Asset Management

6:45 PM | PANEL 1: LIFE SETTLEMENT DISCUSSION

MODERATOR
Jim Pugliese, Chief Development Officer, RiverRock Funds

PANELISTS

Brian O’Grady, Managing Director, Marketing, Vida Capital

Andrew Plevin, Co-CEO & Founder, BroadRiver Asset Management

7:15 PM | CATASTROPHE INSURANCE AND RE-INSURANCE MARKET KEYNOTE 

Caleb Wong, Portfolio Manager, OppenheimerFund

7:25 PM | PANEL 2: CATASTROPHE INSURANCE AND RE-INSURANCE

MODERATOR
Peter J. DiFiore, Ph.D., CAIA, Managing Director, Neuberger Berman

PANELIST

Brian Weatherholz, Managing Director, Leadenhall Capital Partners

Eric Nelson, US Alternatives Director, Schroders

Caleb Wong, Portfolio Manager, OppenheimerFund

7:55 PM | CLOSING REMARKS

8:00 PM | NETWORKING & CATERED RECEPTION

DISCLAIMER OF ENDORSEMENT References herein to any specific sponsor or service do not necessarily constitute or imply the endorsement, recommendation or favoring by CFA Society New York. CFA Society New York strives to be a community for diverse opinions and differing perspectives, and the views and opinions expressed by speakers, presenters and/or organizers at events do not necessarily state or reflect those of CFA Society New York. CFA Society New York expects all attendees to comply with CFA Society New York’s Code of Conduct while attending CFA Society New York events or meetings. CFA Society New York expressly reserves the right, in its sole discretion, to grant or deny access to any individual, or to expel any individual from any CFA Society New York event or meeting.

The CFA Society New York, Inc. (“CFANY”) is not a Registered Investment Advisor, Broker/Dealer, Financial Analyst, Financial Bank, Securities Broker, or Financial Planner. While CFANY seeks to present accurate and reliable information, CFANY does not endorse, approve, or certify such information, nor does it warrant or guarantee the accuracy, completeness, efficacy, timeliness, or fitness of such information for any particular purpose. Information presented may or may not be current as of the date of the presentation, and CFANY has no duty to update and maintain the information, reports, or statements made during events. The information presented is provided for information purposes only, and is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice, is general in nature, and is not specific to you. None of the information presented is intended as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any security, company, or fund. CFANY is not responsible for any investment decision made by you. You should not make any financial, investment, trading or other decision based upon any of the information presented at CFANY without undertaking your own independent due diligence and consulting with a qualified and registered securities professional. You understand that your use of any of the information presented at CFANY is at your own risk. There is a substantial amount of risk in trading securities, and the possibility exists that you can lose all, most or a portion of your capital. CFANY does not, cannot, and will not assess or guarantee the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The securities mentioned in any CFANY presentation may not be suitable for investors depending on their specific investment objectives and financial condition.

Sponsorship Overview

For over 80 years, CFA Society New York—formerly known as New York Society of Security Analysts (NYSSA)—has been a leading forum for the exchange of information among investment professionals. Our mission is to raise standards of practice in the industry for the ultimate benefit of society. Towards that goal, CFA Society New York content is curated by volunteer practitioner interest groups that strive to shape the future of the industry. A bold line exists between the financial support by organizations to maintain the quality of our programming and the selection of speakers who contribute to dialogue in our community. To that end, a ceaseless commitment to transparency is something we consider foundational to our cause.

Please be advised of the following information related to Society sponsorship and support:

Through financial support and other means of in-kind support, each event sponsor, event partner, event co-host and organizational partner of CFA Society New York plays a valuable role in the furtherance of the range of forward-thinking initiatives that underpin the Society’s values, and toward our mission to deliver Society content and programming of the highest quality and standard.

CFA Society New York thanks all of its sponsors, event-related affiliates and organizational partners for helping us continue to shape the conversation of the investment community.

Legal Notice and Disclaimer

CFA Society New York (including its employees and agents) assumes no responsibility for presenters or consequences resulting from the use of information or content of such information presented, including (but not limited to) errors or omissions, the accuracy or reasonableness of factual or scientific assumptions, studies or conclusions, the defamatory nature of statements, ownership of copyright or other intellectual property rights, and the violation of property, privacy, or personal rights of others. The CFA Society New York is not responsible for, and expressly disclaims all liability for, damages of any kind arising out of use, reference to, or reliance on such information. No guarantees or warranties, including (but not limited to) any express or implied warranties of merchantability or fitness for a particular use or purpose, are made by CFA Society New York with respect to such information. CFA Society New York does not endorse, approve, or certify such information, nor does it guarantee the accuracy, completeness, efficacy, timeliness, or correct sequencing of such information. All presentations represent the opinions of the presenters and do not represent the position or the opinion of CFA Society New York or its members. Reference by the presenters to any specific commercial product, process or service by trade name, trademark, service mark, manufacturer, and corporation or otherwise does not constitute or imply endorsement, recommendation, or favoring by CFA Society New York.

CFA Society New York strives to be a community for diverse opinions and differing perspectives, and the views and opinions expressed by speakers, presenters and/or organizers at events do not necessarily state or reflect those of CFA Society New York.

CFA Society New York expects all attendees to comply with CFA Society New York’s Code of Conduct while attending CFA Society New York events or meetings. CFA Society New York expressly reserves the right, in its sole discretion, to grant or deny access to any individual, or to expel any individual from any CFA Society New York event or meeting.

Inclement weather

CFANY reserves the right to cancel or reschedule all in-person events within 48 hours when inclement weather has been forecasted and travel is restricted by city officials.  The program may also be produced solely via livestream in such circumstances.  Please note the cancellation policy regarding refunds and substitutions.

Refunds, Cancellations, and Substitutions

  • 72 HOURS ADVANCED NOTICE OR MORE:
    • Full refund issued
  • WITHIN 48 HOURS OR AFTER EVENT HAS STARTED:
    • No refund

All requests for cancellation or refunds must be sent to seminars@cfany.org.

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CFA Society New York, Inc. (“CFA NY”) is not a Registered Investment Advisor, Broker/Dealer, Financial Analyst, Financial Bank, Securities Broker, or Financial Planner. While CFA NY seeks to present accurate and reliable information, CFA Society New York does not endorse, approve, or certify such information, nor does it warrant or guarantee the accuracy, completeness, efficacy, timeliness, or fitness of such information for any particular purpose. Information presented may or may not be current as of the date of the presentation, and CFA Society New York has no duty to update and maintain the information, reports, or statements made during events.

The information presented is provided for information purposes only, and is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice, is general in nature, and is not specific to you.

None of the information presented is intended as an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any security, company, or fund.