Insurance Linked Strategien [Insurance-Linked Securities] 

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Contributed by the Swiss CFA Society
Source: CFA Institute
Christian Bruns | Daniel Ineichen, CFA

42 min, audio podcast, recorded on 9 March 2011

Christian Bruns is head of portfolio management insurance-linked investments at Clariden Leu Ltd., which currently has roughly US$1.6 billion of insurance-linked assets under management across several funds and mandates. Prior to joining Clariden Leu, he was with the Boston Consulting Group, where he advised banking, insurance, and reinsurance companies on profitability and markets, M & A, and general business strategy projects. Dr. Bruns holds MSc degrees in electrical engineering from the University of Karlsruhe (Germany) and M.I.T. in Cambridge (USA), as well as a master’s degree in business and enterprise science and a PhD in electrical engineering from ETH Zurich (Switzerland).

This information is accurate as of the date of recording.

Daniel Ineichen, CFA, is a portfolio manager at Secquaero Advisors and is on the investment team at Decision Analytics Advisory Partners. Prior to joining Secquaero in 2007, Mr. Ineichen spent more than nine years in the asset management industry, including five and a half years with RMF Investment Management. At RMF he was portfolio manager of a fund of hedge funds, managing in excess of $2.5 billion, head of global leveraged finance and a member of the Investment Strategy Committee, responsible for $750 million in CDO equity and HY assets, and portfolio manager of RMF global high-yield strategies fund. Previously, he spent two years with Swiss Life Hedge Funds Partners, involved in selection and monitoring of external asset managers and as high-yield credit analyst. Mr. Ineichen is a member of the Swiss Society of Investment Professionals (SSIP), and he holds a master’s degree in finance from the University of Zurich.

This information is accurate as of the date of recording.

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Summary

This session, presented in German, covers insurance-linked investments or securities (ILS) as an alternative asset class. While the most commonly known products are catastrophe bonds, the speakers describe the different types of perils covered, the instruments available to invest in, investment characteristics, and present market conditions. Current topics and the pros and cons of ILS are covered in a panel discussion. A translated transcript of the presentation is available for download (PDF).

Christian Brun's slides from his portion of this presentation are available for download (PDF).

Topics
Alternative Investments
|
Portfolio Management
Credits · About the CE Program
0.5 CE (including 0 SER) Manage CE Credits

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