The Big Short Complex: the evolution of mortgage reinsurance risk from 2007

In this IIL reinsurance lecture Steven Rance addressed the staggering potential offered by the US mortgage world, largely driven by the activities of Fannie Mae and Freddie Mac post crisis.

The US mortgage system undeniably suffered its greatest setback during the Global Financial Crisis, since the Great Depression. Whilst the media (and movies) would have us believe that US mortgage risk represents some of the worst excesses, Steven used contemporary data and analysis to demonstrate why this class of business offers some of the best risk/return opportunities available today for (re)insurers.

By the end of this lecture members would have gained an insight into:

• Background to the US mortgage market - pre and post crisis
• An overview of the regulatory driven mortgage (re)insurance opportunities and structures
• An understanding of why the current risks are so attractive - and how to evaluate them

Chair:
Simon Crone, Senior Underwriter, Fidelis.

CPD events are open to CII and PFS members
Registration closes at 12pm two working days before the event date
For events held in The Old Library, Lloyd's pass holders may also attend and do not need to register
Original Photo ID (Driving Licence, Passport, Work ID with company logo and full name) is required to gain entry to all venues

Conditions:

• Email confirmations and original photo ID must be produced to security staff at the lecture venue
• Attendance confirmations are non-transferable to any other person or lecture
• All venues have limited capacity and registration and/or a Lloyd's pass does not guarantee admission

Please let us know what we can do to make our events fully accessible to you.

Contact:
Please contact Patricia Pedraza (07463 028327) with any queries regarding the CPD events programme.

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