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Insurance Company Chief Investment Officers Roundtable

February 18, 2016

Description

This event is in-house and is not being broadcasted‎ nor recorded. No media will be present and speaker or attendee attribution, in any form, is a violation of CFA NY’s code of conduct.

Even though we’re no longer in a Zero Interest Rate Policy environment, interest rates remain “lower for longer” in the United States and Insurance companies are faced with some key questions on how to sustain investment premiums, targeted spreads and profitability. Add to the mix, negative to low interest in Europe & Japan, emerging market headwinds, global growth concerns and stock-market volatility, and the opportunities for yield appear to be limited. According to The National Association of Insurance Companies (NAIC), a majority of U.S. insurance industry investments are in bonds with 53.06% or $2.16 trillion in corporate bonds. Research by the Chicago Fed points to increased correlation of insurers’ stock returns to the US treasury yield compared to pre-2007. Consequently, there is an ongoing shift in asset mix as insurers are reaching out to asset managers with specialties in both traditional and alternative asset classes to maximize total return. Clearly, this issue has been on the minds of Insurance companies’ Chief Investment Officers and their investment teams. At CFA NY’s Insurance CIO Conference, you will hear directly from the investment officers of major Insurance firms on their outlook for 2016 and how they’re uniquely covering investment shortfalls through alternative investments, financial hedges, product restructuring and more.

Agenda:
5:30 PM: Check-in

6:00 PM: Welcome and Thank You to Thomas Brigandi and his team of industry leader volunteer organizers
Alex Urdea, CFA, FRM, CMT, Chairman, CFA NY Board of Directors

6:02 PM: Opening Comments
Patrick Holert, CFA, CAIA, Board Liaison to CFA Institute and Membership, CFA NY

6:05 PM: Keynote Address
William Riegel, Senior Managing Director and Chief Investment Officer, TIAA-CREF Asset Management

6:20 PM: Panel

Moderator
Doug Niemann, Senior Managing Director, The Guardian Life Insurance Company of America

Speakers
Geoffrey Cornell, CFA, Deputy Chief Investment Officer, American International Group, Inc
Jae Yoon, CFA, Chief Investment Officer, New York Life Investment Management
Michael Buthe, CFA, Chief Investment Officer, ACE Group Life Investments
Joe Dodi, CTP, Director, Horizon Blue Cross and Blue Shield of NJ

7:40 PM: Closing Remarks
Deepika Sharma, CFA, Asset Owner Series Co-Lead Volunteer Organizer, CFA NY

7:45 PM: Adjournment and Reception
Daniel Dagen, CFA, CEO, CFA NY

Who should attend?
Portfolio managers and research analysts employed at asset management firms, investment banks, hedge funds, mutual funds, and insurance companies, as well as pension plan sponsors; professionals working at potential participants on the issuance side, including corporations and private equity firms; and service providers such as attorneys, consultants, and rating agency personnel.

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