About this event
IIE e-Event
Ghosts of Christmas Past, Present and Future
A look ahead to 2021 for insurers
10-12.15pm UK time / 1100-1315 CET, 24th November (Tues)
10-12.15pm UK time / 1100-1315 CET, 25th November (Weds)
Join us virtually on 24th and 25th November, as we gather together the Bank of England, the Institute for Fiscal Studies and leading practitioners to dissect the landscape of 2020 and ponder what 2021 might hold at our traditional year-end seminar.
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 any of the sessions.
Theme
Unprecedented is a tired word. Fatigue is probably a better one for where we stand now.
What started off as a shock, has become an unrelenting slog and we find ourselves staring into an uncertain future, with limited to arguably no visibility as to when we might resume BAU and with a financial cost – both to economies and to policymakers – that is growing daily. At the same time, the tenets of insurance – shareholder returns, capital efficiency and minimal earnings volatility – have not changed, creating a clash that will dominate minds and portfolio strategy going forward.
Dissecting this to make sense is important, even if planning is hard. However, there is the danger that as we focus in on near-term challenges, we also forget about longer-term ones, notably Brexit for the UK and the growing clamour around climate change, sustainability and ESG more broadly.
Join us and leading experts as we debate key topics of relevance to 2021 planning, including the outlook for sovereign finances, the evolving regulatory framework around climate change, adapting the insurance portfolio to a negative yielding world, finding opportunities for insurers amidst dislocations, plotting the sustainable journey and working out problem illiquid assets.
Agenda
Session 1 – Till Debt Us Do Part
10.00-12.15 UK time / 1100-1315 GMT, 24th November
10.00-10.10 Welcome and opening remarks
Bob Swarup, Co-Founder, Insurance Investment Exchange
10.10-10.35 Keynote: Assessing the challenges for UK public finances – Post pandemic, pre-Brexit and beyond
Carl Emmerson, Deputy Director, Institute for Fiscal Studies
10.35-11.10 Panel: The Hangover and the Hair of the Dog - Debt, macro considerations and yields in 2021
Carl Emmerson, Deputy Director, Institute for Fiscal Studies
Frank Eich, former Senior Advisor, International Directorate, Bank of England
Georgios Georgiou, Global Head of Fixed Income, Allianz Global Investors
11.10-11.40 Focus: Restructuring in a COVID-19 world: Workout capabilities in private assets
Mustafa Van Hien, Director – Fixed Income Restructuring, & Russell Lee, Global Head of Insurance Solutions, M&G Investments
11.40-12.10 Focus: The Crux of the Core: Evolving fixed income in a negative real world
Georgios Georgiou, Global Head of Fixed Income, Allianz Global Investors
12.10-12.15 Closing remarks
Session 2 – Looking past the Urgent
10.00-12.15 UK time / 1100-1315 GMT, 25th November
10.00-10.10 Welcome and opening remarks
10.10-10.35 Keynote: Tackling Climate Change Risk
Mark Cornelius, Head - Major Life Insurance Groups Division, Bank of England
10.35-11.10 Panel: The Important, not the Urgent - Longer-term priorities for the insurance portfolio
Mark Cornelius, Head - Major Life Insurance Groups Division, Bank of England
Yo Takatsuki, Head of ESG Engagement and Active Ownership, AXA Investment Managers
11.10-11.40 Focus: Planning the Sustainable Journey - From risks to opportunities to integration
Yo Takatsuki, Head of ESG Engagement and Active Ownership, AXA Investment Managers
11.40-12.10 Panel: Pass me the Superglue - Dislocations and opportunities in 2021
Jerome Herion, Co-Head of Specialty Finance, M&G Investments
Edward Palmer, former CIO - EMEA, MetLife
Erik Vynckier, Board member, Foresters Friendly & Lay chair, Institute & Faculty of Actuaries
12.10-12.15 Closing remarks
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 and 25th November.
In partnership with
Hosted by
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Guest speaker
Jerome Henrion Co-Head of Specialty Finance @ M&G InvestmentsG
Jerome joined M&G in August 2017 as the co-head of M&G’s newly established Specialty Finance business within its Private Assets & Alternatives division. He is the Portfolio Manager for 4 funds that invest predominantly in Mortgage and Consumer assets.
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Guest speaker
Erik VynckierG
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Guest speaker
Mark Cornelius Head of Department, Major Life Insurance Groups @ Bank of EnglandG
Mark works at the Prudential Regulation Authority - part of the Bank of England. He is Head of the Division that regulates and supervises the major UK life insurance groups. He leads some of the Bank’s workstreams on sustainable finance and the financial risks facing insurers from climate change.
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Team member
Bob Swarup Founder @ Insurance Investment ExchangeT
Founder, Insurance Investment Exchange. CEO, Camdor Global Advisors. Director, CIO Network, Geneva Association.
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Guest speaker
Edward Palmer Former CIO EMEA @ MetLifeG
Edward is a senior investment professional with over 24 years’ experience across insurance asset management, credit research and investment banking. Most recently, he was EMEA Chief Investment Officer at MetLife.
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Guest speaker
Yo Takatsuki Head of ESG Research and Active Ownership @ AXA Investment ManagersG
Yo Takatsuki is the Head of ESG Research and Active Ownership at AXA Investment Managers. At AXA IM, Yo leads the thematic sustainability research across asset classes, the investor engagement and corporate governance programme, and the Green and Social Bond analysis team.
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Guest speaker
Frank Eich Former Senior Advisor, International Directorate @ Bank of EnglandG
Frank has over 20 years of experience as an economist. In the early 2000s he initiated HM Treasury's analysis of long-term public finance sustainability before advising countries on fiscal policy at the IMF. Most recently Frank worked at the Bank of England on stress testing and financial stability.
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Guest speaker
Carl Emmerson Deputy Director @ Institute for Fiscal StudiesG
Carl is Deputy Director of the IFS and an editor of the annual IFS Green Budget. He is also Acting Vice Chair of the Social Security Advisory Committee and a member of the advisory panel of the Office for Budget Responsibility.
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Guest speaker
Russell Lee Global Head of Insurance Solutions @ Russell.Lee@MandG.co.ukG
Russell heads the Global Insurance Solutions team, which brings together expertise from across the firm to meet the complex requirements of insurance clients. He previously worked at Legal & General in the retirement division executing large bulk annuity transactions and developing new products.
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Guest speaker
Georgios Georgiou Global Head of Fixed Income Product Specialists @ Allianz Global InvestorsG
Georgios is Global Head of Fixed Income Product Specialists and is responsible for communicating fixed income strategies and active value propositions to clients. Previously, he was Head of Investment Structuring across all asset classes and strategies.
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Guest speaker
Mustafa Van Hien Director, Fixed Income Restructuring @ M&G InvestmentsG
Mustafa joined M&G Investments in May 2011 as part of the fixed income restructuring team. He is primarily focussed on managing workouts of fixed income investments as well as the origination and management of debt and special situations opportunities.
Insurance Investment Exchange
Sharing knowledge and insights in a challenging insurance investment environmentThe Insurance Investment Exchange seeks to distil the new complexities of today and finding solutions for tomorrow. Our acclaimed events welcome leaders and senior professionals from across the insurance and investment sectors for thought-provoking and intelligent debate.
