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Derivatives Regulation Threatens to Damage Pension Funds and Pensioners across Europe
Ben Gunnee is European director of the Mercer Sentinel Group, a specialist group within Mercer’s investments business that advises clients on investment operations and investment execution, including custodian reviews, investment manager operational due diligence, transition manager operations, and transaction cost analysis. Based in London, he is responsible for the group’s overall business strategy within Europe and is part of its global... -
Global Reinsurance: Narrowing the Gap
This article was first published in Quantum magazine.There is a real possibility that the global reinsurance market, a business that generates US$200 billion in annual premiums, will be significantly reshaped in the next two decades as the economic balance of power shifts towards the emerging markets.Reinsurance today is still dominated by the large European-based players such as Munich Re, Swiss Re, and Lloyd’s, and by Bermuda-based providers... -
Pension Funds—The Dangers of Taking Off-Benchmark Foreign Exchange Risk
Mark Hogg joined RBC Dexia in February 2010. As Director for FX Product Development, Mark has overall responsibility for driving foreign exchange product strategy and growth for RBC Dexia. Prior to this appointment, Mark spent 9 years with Fidelity International and progressed to the overall responsibility for all FX hedging and currency overlay activity for all Fidelity International Investment funds and products globally. Mark spent his early... -
Premium Prospects
This article was first published in Quantum magazine.As the world’s economies show initial signs of recuperation and confidence in future earnings growth starts to return, James White examines how the insurance and reinsurance sector has been resolute in the face of the financial crisis and identifies some of the opportunities that lie ahead. -
Rushing Through Complexity: Solvency II
This article was first published in Quantum magazine.The introduction of a risk-based approach to required capital across Europe is causing serious concern throughout the insurance industry. The impact of the new Solvency II regulations on the available capacity and cost of insurance was cited as one of their three most serious concerns by 42% of respondents to a recent poll by the Federation of European Risk Managers Associations.One worry is... -
The Global Risk Map and the Current Credit Crunch
Peter Levene started his career in the UK defense industry with United Scientific Holdings. He was then appointed personal adviser to Defence Secretary Michael Heseltine in the Ministry of Defence and later permanent secretary in the role of Chief of Defence Procurement. Subsequently he held a number of government posts, as adviser to the Secretary of State for the Environment; to the President of the Board of Trade; and to the Chancellor of the... -
Toward a Deeper Understanding of Risk in the Insurance Sector
Alex McNeil is the Maxwell professor of mathematics at Heriot-Watt University, Edinburgh. He was formerly assistant professor at ETH Zurich. Professor McNeil has a BSc from Imperial College, London, and a PhD in mathematical statistics from Cambridge University. He has published papers in leading statistics, econometrics, finance, and insurance mathematics journals and is a regular speaker at international risk management conferences. He is... -
Yet Another Nail in the Final Salary Scheme Coffin
Tony Clare is a pensions partner at Deloitte’s North West office. He has over 22 years’ experience in the sector and is an associate of the Chartered Insurance Institute and a fellow of the Pensions Management Institute. Working across all industries in both the public and private sectors, Tony leads teams advising on transactions and pensions strategy as part of overall reward reviews. He has helped many clients deal with transitions from...

