ITFA Insurance Webinar – Synthetic Securitization – 12 June 2020

The ITFA Insurance Committee is pleased to invite all our ITFA members to our third webinar during which we will explain to you another interesting field of cooperation between banks and insurance companies: Synthetic Securitization. This is part of our bi-weekly zoom seminar – another free possibility to obtain additional insights in the insurance world, which you should definitely not miss.

During the session three of our experts will explain to you how Synthetic Securitizations works, what needs to be taken into account in order to obtain capital relief and why this is another field where banks and insurance companies are the perfect match. And of course, you will have the opportunity to ask questions and make comments.
 
Topic: Synthetic Securitization – an interesting development of the insurance market
 
Date & Time: Friday, June 12^th 2020 – EDT 9:00  / 14:00 BST / 15:00 CEST /  21:00 CST
 
Agenda:                          
 
Silja Calac, ITFA Board member and Head of Insurance / Senior Surety Underwriter, Swiss Re Corporate Solutions

Introduction
 
Alan Ball, Broker in Texel’s Structured and Bespoke Solutions Team   
              
Synthetic Securitisation and insurance: introduction and overview

• Synthetic securitisations: introduction
• Typical structure and intuition behind a synthetic securitisation
• Key features of a typical transaction
• Development of the insurance market for synthetic securitisation

Andres Ortiz, Global Head of Trade Asset Mobilization at Banco Santander

Synthetic Securitisation from a bank’s perspective

• Why do we do them?
• What are our main options when structuring them?
• Main requirements and challenges
• Opportunities we see in this market going forward

Catherine Molony, Senior Underwriter at Liberty Specialty Markets
                      
Insurer’s perspective on providing cover on synthetic securitisations

• Why credit insurers are looking at these types of transactions
• Which portfolios and deals do and don’t make sense for the insurance market to support on
• How the risks are underwritten, drawing comparisons against single situation non-payment cover 
• Challenges and benefits of the product for a credit insurer

Q&A
 
To book your place, please confirm your registration by email to alexiavella@itfa.org. Closer to the date of the webinar, you will receive joining details.

Also please watch out for the details of our upcoming webinars. We look forward to seeing ITFA members join the webinar and benefit from your insights and questions to enrich the debate – it will be recorded to enable playback.