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Sessions
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Monday, September 14
U.S. Economic Update
What is the current state of the U.S. economy? How significant is government’s continued role, and what is the outlook for the future? This session will provide an overview of the most current factors affecting our economy.
Investing in the Current Market Environments
The financial markets continue to be extremely volatile. This session will provide a look at the current market conditions and a forward-looking analysis of how the forces shaping the current crisis can create targeted investment opportunities.
What's New in the Municipal Bond Market
This topic will be addressed from a leadership perspective, focusing on current market opportunities and new product development.
An Update and Outlook on the Corporate Credit Market
This session will offer a review of the sector to date and a current outlook. The discussion will highlight technical, fundamental, and economic catalysts that have driven and may continue to impact the corporate credit market.
Federal Home Loan Banks: The Insurance Industry Link to the Capital Markets
The Federal Home Loan Banks, a network of 12 regional wholesale banks, count more than 200 insurance companies nationwide, with assets exceeding $2.1 trillion, as members. These insurance company members use advances from the banks for a variety of reasons, including contingency liquidity, interest rate and enterprise risk management, investment arbitrage, and other important financial management purposes. This presentation will cover the various requirements and benefits of Federal Home Loan Bank membership.
Tuesday, September 15
Opportunities in Securitized Assets
Distressed valuations have created opportunities in securitized assets, but notable risks remain. Among the topics to be discussed: fundamental credit trends for ABS, RMBS, and CMBS; the effects of the TALF, PPIP and other programs; prospects for agency mortgage-backed securities; public policy event risk, and investment strategy implications.
Is The CAPM Still Relevant?
This session will examine empirical failures in the Capital Asset Pricing Model. It will also present issues regarding managing volatility in the current equity market and consider if it is possible to control risk without taking on leverage and illiquidity.
Implementing ERM: Benefits and Lessons Learned
The financial crisis and increased regulatory scrutiny have pushed enterprise risk management into the spotlight now more than ever. One regional insurance company describes its experiences and perspective on the implementation of an ERM program – what went right, what went wrong and the challenges faced along the way.
Financial Repoting for Investments
Receive the latest information regarding two of the most important and closely-related issues in accounting: the reporting requirements of impairments and fair value. Auditors and regulators are concerned about the increasing complexity of securities and the consistency of the interpretation and application of the rules. Investors want transparency and market-determined values. How does an insurance company reasonably meet these demands while maintaining an efficient operation?
Wednesday, September 16
Insurer Investment Issues Panel
The panel will make brief presentations regarding relevant issues affecting insurer investment management from the perspective of an insurance company, a portfolio manager, and an outside auditor. A free flowing discussion period with the audience will follow the presentations.
NAIC/Regulatory Developments
Learn about the latest regulatory developments involving the National Association of Insurance Commissioners, the Securities Valuation Office, the International Association of Insurance Supervisors and the U.S. government. The session also includes an update regarding the continuing efforts to converge U. S. Generally Accepted Accounting Principles and International Financial Reporting Standards.
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