PartnerRe’s Technical Event

Insurance-linked securities (ILS) took center stage at PartnerRe’s technical event, held at the National Club of Toronto on Sept. 22. At a time when the convergence of the capital markets and reinsurance gathers momentum, the event gathered 80 clients for an afternoon focusing on the new opportunities opening up for insurance and reinsurance companies. Albert Benchimol, CFO of PartnerRe Group and the CEO of PartnerRe Capital Markets, along with Brian Tobben, PartnerRe’s vice president of insurance-linked securities, looked at the pros and cons of ILS as compared to the use of traditional reinsurance. Two insurers shared their experiences with ILS products from both the life and nonlife perspectives: Joel D. Aronchick, chief risk officer of The Chubb Group of Insurance Companies and Franois-Frderic Ducos of Axa Cessions. Participants got an opportunity to explore the subject further at a cocktail reception with the speakers and the event MC Francis Blumberg, head of Canadian operations and chief agent of PartnerRe.