GLOBAL INSURANCE AND THE CAPITAL MARKETS
BY KEITH BOYFIELD
“… as this study rightly makes clear, there are important innovations underway in the no-man’s land between insurance and capital markets…a fascinating mixture of competition and collaboration between these two increasingly closely linked sectors is set to unfold – provided both sides inform themselves about the marketplaces concerned – to which this study is a most valuable introduction.“
Extracted from the report’s foreword by:
Sir Adam Ridley, chairman, Equitas Trustees; former director general, London Investment Banking Association (LIBA); former adviser to the UK Chancellor of the Exchequer
As insurers look increasingly to capital markets to hedge risk rather than more traditional reinsurance markets, investment banks have a fantastic and potentially immensely lucrative opportunity to win new business.
Of approximately US$60trn of assets under management globally, around US$17trn are invested in insurance funds. The strategies adopted by insurers to maximise their returns and meet their liabilities has a crucial influence on equity and bond markets, as well as options, credit derivatives and other financial instruments. Yet for all the immense wealth and influence of insurers, little has been published exploring the relationship between them and the investment banks that service them.
Global Insurance and the Capital Markets examines the relationship between the banking and insurance sectors, focusing on innovative ways in which the former can offer tailored services to the latter, thereby generating significant new income streams.
This unique report:
• quantifies insurers’ and reinsurers’ involvement in the capital markets as both borrower and investor
• highlights the main drivers acting on the insurance markets and assesses the implications for the capital markets
• examines the relationship between insurers, reinsurers and the capital markets and how it is evolving
• identifies which instruments have been favoured by (re)insurers both as debt issuance and investment and why
• pinpoints opportunities for banks to meet the changing needs of the insurance sector, and for (re)insurers to access lower cost risk management through innovation in capital market solutions.
• emphasises the low correlation insurance linked securities enjoy with subprime collateralised debt instruments.
For more information see the full contents list or download a brochure and add the relevant links.
Published in April 2008, Global Insurance and the Capital Markets is priced at £795/US$1614 with a 15% discount on IFR subscribers.
To order your copy online now click here or contact john.woodward@thomson.com or phone on +44(0)207 369 7317.
