IIE e-Event: The New Normal (24 Sept)

IIE e-Event

The New Normal?

Insurance asset allocation in a challenged world 

3-4.30pm, 24th September (Thursday)

Join us for our latest quarterly digital seminar, as we examine what the insurance portfolio might look like in today's new normal and present the latest in our series on financing the real economy for insurers, this time focusing on the state of play in commercial real estate debt and where emerging opportunities lie as the pandemic dust clears.

Please see below for more details. Please also note this event is available to view both live and as a replay to view at your leisure if you cannot make the 24th.

Theme

Covid-19 has rewritten the rules, both for our daily lives and our portfolios.

For insurers, there are no easy answers in this binary world. On one hand, the economy appears weaker, more fragile and in greater need of policymaker support than ever. On the other hands, markets are ebullient and frothier than ever.

In the near to medium term, lower for longer has been reiterated and real yields are negative, challenging the business model and increasingly procyclical risk. Longer-term, weaker fundamentals and increased tail risks create challenges for risk management and longer-duration investments. Around all of this lies unpredictable balance sheet volatility and a sense of foreboding.

What does the insurance portfolio look like in this new normal?

Join us for this debate and as we also explore alongside the latest chapter in our series on financing the real economy for insurers, this time focusing on commercial real estate debt.

The disruption caused by COVID-19 has led to marked changes in the CRE debt landscape, but is also creating opportunities for insurers. Reduced property valuations, wider loan coupons, more moderate LTVs and a swing towards “lender-friendlier” loan structures / covenants are all promising to improve risk-adjusted returns as transaction volumes pick back up. While the longer-term impact of COVID-19 is still evolving, the current environment is creating a robust pipeline of opportunities for insurers looking to provide liquidity to transitional real estate and capture a yield premium in a capital-efficient way, particularly in the US where the impact has been more significant.

Agenda

15.00-16.30, 24th September

15.00-15.10       Opening remarks

Bob Swarup, Insurance Investment Exchange

15.10-15.45     Financing the Real Economy: Providing Liquidity in Commercial Real Estate Debt Opportunities 

Peter Gordon, CIO – Commercial Real Estate Debt, AllianceBernstein

15.45-16.25       The New Normal: The changing nature of insurance asset allocation post Covid-19

Peter Cornax, Senior Insurance Investment Strategist, AllianceBernstein

Ian Coulman, CIO, Pool Reinsurance Company Limited

Glen Gardner, Deputy CIO, Equitable

16.25-16.30       Closing remarks

Bob Swarup, Insurance Investment Exchange

Please join and dive into the engaging debate and conversation as your schedule permits, or save it to watch at your leisure later.

Please also feel free to share this invitation with your colleagues and others who might find it of interest.

Our events are open and complimentary to insurers, regulators and select independents only. They are also eligible for CPD points and certificates will be issued to attendees to confirm their attendance.

The Insurance Investment Exchange continues to be recognised as the leading industry event focused on the investment challenges facing insurance companies today. There is no better time to hear industry experts and peers discuss and debate the challenges of today.

We look forward to seeing you (virtually) on 24th September.

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