New for 2010: Keynote Speakers:

“A Vision of the ILS Market in 2015”Ulrich Wallin CEO Hannover Re

“The UN’s Mortality Risk Index”Assistant Secretary-General Margareta WahlströmSpecial Representative for Disaster RiskReductionUnited Nations

Sponsors:

26-28 April 2010 | London, UK

2nd

+44 (0) 20 7368 9300 • www.ilseurope.co.uk

Peter Jan de Koning Senior PortfolioManager PGGM

Thomas Hess Chief Economist Swiss Re

Reto Koller Head of ReinsuranceRecoveries Zurich

John Seo Managing Principal Fermat Capital LLC

Jeremy Leach Group Managing DirectorManaging Partners Ltd

Christophe Fritsch Head of ILS Team AXA InvestmentManagement

40+ industry-leading speakers, including the following thought-leaders, fund managers, and investors:

John DeCaro Co-Founder ElementumAdvisors

Thomas LaumontChairman BVDZ

Insurance Linked SecuritiesSummit TM

Delivering Superior Returns through Strategic Investments in CatBonds, Life Settlements and other Insurance-Linked Securities

• Dedicated tracks for the life and non-life sides of the market

• The effect of Solvency II on cat bond issuance

• Fund manager perspectives on ILS diversification strategies

• The new transparency imperative for ILS and life settlement funds

• Pension fund perspectives on the ILS asset allocation process

• The increasing role of indices in European risk transfer

• The implications of US life settlements regulations for Europeaninvestors

• The special challenge of modeling European windstorms

Register by 26th Februaryand SAVE up to £1,497!

Robin WilliCIORigi Capital Partners

Dr. Myles Allen Head of ClimateDynamics Group University of Oxford

Europe

60% of speakers

new for 2010!

It was very well attended and the discussions were fascinating. The organization of the eventwas perfect - Urs Ramseier, Head of Insurance-Linked Securities, Horizon 21 Alternative Investments

An outstanding line-up of investors,fund managers andindustry experts:

Who Will Attend:■ 7% Pension Funds & Institutional Investors■ 28% Hedge Funds, Asset Management Firms

& Other Buyside■ 18% Insurance and Reinsurance Companies■ 12% Banks■ 12% Life Settlement Companies■ 8% Law Firms■ 5% LE Provers & Underwriters■ 5% Modeling Agencies■ 5% Other

Ulrich Wallin, CEO, Hannover Re – New!

Assistant Secretary-General MargaretaWahlström, Special Representative for Disaster Risk Reduction, UnitedNations – New!

Peter Jan de Koning, Senior PortfolioManager, PGGM – New!

Reto Koller, Head of ReinsuranceRecoveries, Zurich – New!

Thomas Hess, Chief Economist, Swiss Re – New!

Amer Ahmed, Chief Risk Officer, Allianz

Robin Willi, Chief Investment Officer, RigiCapital Partners

John Seo, Managing Principal, FermatCapital LLC

Jeremy Leach, Group Managing Director,Managing Partners Ltd – New!

Jean-Michel Paul, CEO, Acheron Capital – New!

Forrest Gilman, Founder, Last Wave Capital – New!

Christophe Fritsch, Head of ILS Team,AXA Investment Management – New!

Pete Vloedman, Co-Founder, Anchor Risk Advisors – New!

Dr Myles Allen, Head of ClimateDynamics Group, University of Oxford – New!

John DeCaro, Co-Founder, ElementumAdvisors – New!

Anatol Mueller, Fund Manager, FinterPrivate Bank – New!

Luca Albertini, CEO, Leadenhall Capital Partners

Franz-Philippe Przybyl, CEO, BerlinAtlantic Capital

Karsten Bromann, Managing Partner &Chief Risk Officer, Solidum Partners

Niklaus Hilti, Head of Insurance-LinkedStrategies, Credit Suisse AssetManagement

Heinz Kubli, Managing Partner,Fundabilis

Marcel Grandi, Senior Portfolio Manager,ILS, Credit Suisse Asset Management

Thomas Laumont, Chairman, BVDZ – New!

Beat Holliger, Managing Director, Munich Re

Scott Willkomm, SVP, BusinessDevelopment, Coventry

Michael Freedman, SVP, GovernmentAffairs, Coventry

Dr. Andreas Müller, Head of Origination,Distribution & ILS Investments, Munich Re

Michael Stahel, Head of Insurance-LinkedInvestments, Clariden Leu

David Rawson McKenzie, Fund Director,Centurion Fund Management

2 +44 (0) 20 7368 9300 • www.ilseurope.co.uk

2ndInsurance Linked SecuritiesSummit TM

EuropeDear Colleague,

Welcome to IQPC’s 2nd ILS Summit Europe - the most important date of the year forEuropean investors interested in the returns and diversification benefits of insurance-linkedsecurities and life settlements.

2010 promises to be an exciting year for the market. On the non-life side, insurance-linkedsecurities fared well in 2009, with around $3billion issued in the midst of an extremelychallenging economic environment. Going into 2010 the stage is set for growth, with thevolume of new issuance and the emergence of new investors expected to increase in tandem.In Europe, the development of EU-wide market loss indices looks set to expand the market inEuropean ILS and ILWs by enabling new transparency and more standardised instruments.Most commentators predict a total of $4-6billion of new issuances over the course of theyear.

Several challenges still remain, however. Firstly, although transparency is improving, thereare still a number of areas where it lags behind other asset classes – in the pricing ofinsurance-linked instruments, for example, and in the formulation and selection of lossestimates. Greater transparency in these and other areas will be necessary before we see adramatic improvement in the willingness of institutional investors to allocate capital.On the life side, the US regulatory landscape continues to evolve rapidly and remains anarea of concern for European investors. The shifting dynamics between the NAIC andNCOIL regulatory paradigms, combined with the possibility of SEC and/or other federaloversight, are of critical importance to the willingness of European investors to allocatecapital. Innovation on the life side remains strong, however, with new developments insynthetics, fusion products and shari’ah compliant longevity investments continuing to pushthe envelope and broaden the investor base.

These and many other critical issues will be explored and debated at the 2nd ILS SummitEurope, providing investors with the information they need to invest effectively, profitably,and with confidence.

Kind regards,

Toby DonovanProgram DirectorToby.Donovan@iqpc.com

PS: Don’t miss pre-conferenceworkshops led by John Seoand Robin Willi - see page 3for more details

Pre-Conference WorkshopsMonday, 26 April 2010

“The conference was great and I learned a lot of new things, especially within the pre-conference workshops! Ithink you did a fantastic job in pulling everything together, the speakers had excellent experience and

knowledge. Keep up the good work!” - Sun-Siang Liew, Senior Analyst, Validus Research

A Optimizing a Portfolio of Catastrophe Risks

9.30 – 12.00 (Registration at 9.00)

13.00 – 15.30 (Registration at 12.30)

16.00 – 18.30 (Registration at 15.30)

John SeoManaging PrincipalFermat Capital

For investors new to catastrophe risks, there are bewildering array ofdifferent risks, regions, sourcing channels and maturity levelsavailable for portfolio diversification. But what does the “optimal”allocation strategy look like, and how should investors align theirrisk/reward tolerance with the many options that are available?Attending this 2-hour long workshop – led by ILS rainmaker JohnSeo – will provide you with a detailed knowledge of cat riskportfolio creation, making you a better investor in this exciting assetclass.

What you will learn:• Achieving visibility over the full spectrum of diversification strategies• Diversification by asset class (equity, debt, commodities & ILS)• Diversification by subsectors (wind, quake, life) and geographical regions

(US, Japan, Europe, etc)• Diversification by sourcing channels (cat bonds, ILWs, sidecars, exchange-

traded products)• Diversification by maturity (<1 year, 2-5 years, >5 years)

How you will benefit:• Understand how to balance diversity levels with your required risk-reward

tolerance• Achieve visibility over the risk metrics for each region and peril combination• Overcome the pricing difficulties of infrequent historical events

B Risk Management for Life Settlement Portfolios: Uncovering the Secrets toInvesting with Confidence

Robin WilliChief Investment OfficerRigi Capital Partners

Investing in life settlements is a complicated business, with anumber of critical risks that need to be addressed by the investor inorder to maximize returns. This workshop will provide investors,fund managers, and others involved in the life settlements spacewith the tools they need to manage and reduce risk, whether it’s therisk of longevity, the risk of incorrect valuation, the risk of sub-optimal policy selection, as well as legal and liquidity risks. Anunmissable workshop for those seeking to invest with confidence!

What you will learn:• A closer look at the policy selection process – safeguarding against insurable

interest and other potential procurement issues• Understand how the valuation process can help to mitigate extended

longevity risk in a life settlement portfolio• Determine the right legal structure for the right jurisdiction (Ireland,

Luxembourg) to help mitigate tax issues such as the potential impact of therecent IRS rulings

• Examine synthetic strategies for managing liquidity risk, including how tohedge liquidity and currency/credit risks associated with a life settlementportfolio

How you will benefit:• Invest in confidence• Get a comprehensive understanding of the risks involved with investing in

life settlements before you commit capital• Walk away with the most cost-effective strategies for reducing the riskiness

of your life settlement investments

C Making Better Use of Catastrophe Models

Workshop leader to be confirmed – See www.ilseurope.co.uk for updates

Catastrophe models are a critical part of the puzzle for investors innon-life ILS, but there are few outside the modeling agenciesthemselves who understand exactly how the models are designed.In this workshop, take a look “under the hood” of some of theworld’s most important and popular catastrophe models, and learnhow to make better use of models in your investment calculations.

What you will learn:• Understand how catastrophe models combine actuarial science,

engineering, seismology, meteorology and expert opinion• Examine the interrelationship between hazard, inventory and vulnerability

values within cat models• Gain a better sense of the ways catastrophe models are used in the

structuring – and choice – of cat bond triggers

How you will benefit:• Learn what the implications are of discrepancies between different

catastrophe models• Become a more sophisticated cat bond investor by better understanding the

relationship between modeled values and cat bond pricing

3Sponsors:

Main Conference Day 1Tuesday, 27 April 2010

The quality of attendees was very high – a sign that this market is growing!” - Albert Pinzon, Member, Cozen O’Connor

Concurrent Tracks Begin: Choose Track A (non-life) or Track B (life)

7.15 Coffee & Registration

8.15 Chairman’s Opening Remarks

8.30 Panel: “From Interest to Allocation”:Investor Perspectives on the Attractiveness of ILSand the Sources of Future Liquidity• A closer look at the way in which pension funds and

endowments make investment decisions• Identifying the most attractive characteristics of ILS from an

institutional standpoint• Quantifying the non-correlation benefit• Incorporating ILS into an institutional portfolio: Determining

whether your investment strategy requires a dedicatedinvestment unit

• Considerations on the manager selection process• Risk and reward: Institutional considerations on catastrophe risk,

credit risk, and collateral managementPeter Jan De Koning, Senior Portfolio Manager, PGGMJean-Michel Paul, CEO, Acheron CapitalJohn Seo, Managing Principal, Fermat Capital

11.30 The Future of European Issuance: The Ongoing Role of ILS as an Effective RiskManagement Tool• Identifying the advantages and disadvantages of insurance-linked

securities compared with traditional reinsurance• Understanding the most effect strategies for complementing your

reinsurance coverage through ILS • Considerations on structuring catastrophe bonds: Making the choice

between indemnity, parametric and hybrid bond triggers• Risks, perils and layers best for reinsurance and those best for ILS

transactions• Comparing ILS with collateralised reinsurance from a capacity and

risk standpointAmer Ahmed, Chief Risk Officer, Allianz

12.15 Cat Bond Case Study: Lakeside Re II Examining the Developments thatWould Make ILS Instruments Even More Attractivefrom a Sponsor’s Point of View• Understanding the time required to bring a transaction to market • Examining the frictional costs of a transaction • Issues surrounding trigger structures • Exploring the need for improved secondary market liquidity• The move towards increased transparency about market participants • Can we expect changes to the perils which will be accepted by

investors?Reto Koller, Head of Reinsurance Recoveries, Zurich

13.00 Networking Luncheon Sponsored by

14.15 Constructing the Perfect Portfolio:Investor Perspectives on the Most Effective ILSDiversification Strategies• Diversifying by peril, geography, and investment date• Identifying the most effective diversification combinations for

conservative, moderate, and high levels of risk tolerance• Fund manager perspectives on new collateral arrangements:

Expressing a preference between treasuries, floating KfW notes, andtriparty repo

Christophe Fritsch, Head of ILS Team, AXA InvestmentManagementAnatol Mueller, Fund Manager, Finter Private BankJohn DeCaro, Co-Founder, Elementum AdvisorsPete Vloedman, Co-Founder, Anchor Risk Advisors

A Pension Fund Perspective: How Longevity-Based Assets are Really EvaluatedWithin Institutional Boardrooms• A look at the asset class from the outside: How appealing are

longevity-based assets from an institutional viewpoint?• Lifting the lid on the institutional decision-making process• Identifying the most commonly-made mistakes while marketing

policies and funds to institutional clients• Considerations on fees, transparency, and what the asset class will

have to look like before mainstream institutional participationbecomes a reality

Speaker to be confirmed – check www.ilseurope.co.uk forupdates

Pension Fund Investment Strategies:Institutional Best Practices for Gaining Exposure tothe Longevity Asset Class• Identifying the most significant risks of investing in longevity from

an institutional viewpoint• Comparing physical and synthetic approaches to longevity

investments• Considerations on making the selection between providers, LE

providers, and other investment partners• Understanding how smart policy selection can make life settlements

an LDI-suitable asset classThomas Laumont, Chairman, BVDZDavid Rawson McKenzie, Fund Director, Centurion Fund ManagementScott Willkomm, SVP, CoventryRobin Willi, CIO, Rigi Capital Partners

Portfolio Construction Techniques:Considerations on the Most Effective Strategies forSourcing, Managing, and Blending a Portfolio ofLongevity Risks• Determining whether to invest synthetically or through the cash market• Evaluating the importance of sourcing clean collateral, and

establishing the clearest indicators that your collateral is clean• Diversification within the longevity mix: Identifiying the most

effective combinations of impairment types, LEs, and policy values• Understanding the most effective strategies for “blending” life

settlements into a portfolio of alternative investmentsFranz-Philippe Przybyl, CEO, Berlin Atlantic CapitalHeinz Kubli, Managing Partner, FundabilisJeremy Leach, Group Managing Director, Managing Partners Ltd

9.15 Opening Keynote Address: ILS and the Future of Insurance Risk Transfer: A Vision of the Market in 2015• Examining the changing paradigm for insurance risk transfer in

light of the global economic recovery• Considerations on the future of insurance-linked securities and

other forms of alternative risk transfer• Forecasting the implications of climate change and extreme

weather patterns on the market for insurance-linked securities• Defining the future role of the global reinsurance industry in the

transfer, mitigation, and securitisation of riskUlrich Wallin, CEO, Hannover Re

10.00 Keynote Address: Transferring Risks to the CapitalMarkets: The Increasing Role of Indices• Examining the benefits of index-linked investments for re/insurers

and investors• Understanding the connection between indices, transparency and

securitisation• Tracking the expansion of index-linked risk transfer beyond

catastrophe risks• Evaluating the growth prospects for index-linked instruments in

Europe and beyondThomas Hess, Chief Economist, Swiss Re

10.45 Morning Networking Break

Track A: Non-Life Track B: Life

4 +44 (0) 20 7368 9300 • www.ilseurope.co.uk

A Vision of

Future ILS!

Main Conference Day 2Wednesday, April 28, 2010

15.00 Afternoon Networking Break

15.45 Parametric Cat Bonds:Basis Risk and Model Uncertainty for Issuers andInvestors• Basis risk for issuers:

• Introducing an analytical framework to evaluate the basis risk ofparametric cat bonds

• Quantifying the basis risk reduction benefit achieved by usingsophisticated optimisation algorithms

• Identifying critical aspects of basis risk that can be potentiallyoverlooked by issuers and their advisors

• Model uncertainty for investors: • Quantifying the level of model uncertainty associated with

parametric bonds • Outlining an analytical process to systematically differentiate and

quantify the model uncertainty for different types of parametertriggers

Lixin Zeng, Portfolio Manager, Alpha Cat Fund

16.30 Is “On-Shore” the New Destination for European ILSFunds?• Understanding the desire for greater regulatory robustness following

the Madoff scandal• Identifying the most popular new destinations for European ILS

funds• Quantifying the trade-off for fund managers in terms of restricted

investment strategies and “two-week” liquidity• Understanding how the choice of location affects decisions relating

to the structure of the fundLuca Albertini, CEO, Leadenhall Capital Partners

The Future of Synthetics:How Investors in 2015 Will Trade the LongevityAsset Class• Comparing synthetic products with cash investments in the

secondary market• Lifting the lid on innovations in synthetic products• Understanding the most effective strategies for incorporating

synthetic longevity exposure into a variety of different investmentstrategies

• Identifying the most significant developments on the horizonregarding the way in which longevity and mortality will be tradedby different types of investor

Session Reserved for Credit Suisse

Strategies for Policy Valuation and Managing theChanges in Life Expectancy Estimates• Comparing LE estimates: To what extent are differences between

the major LE providers converging or diverging?• Monetising LE differences: Determining what different LE values

mean for portfolio values• Strategies for building LE uncertainty into the policy valuation

process• Considerations on whether investors should have more or less

confidence in current portfolio valuesSpeaker to be confirmed – check www.ilseurope.co.uk forupdates

7.30 Coffee & Registration

8.15 Chairman’s Opening Remarks

8.30 Keynote Address: Is the World Becoming a MoreDangerous Place?A Closer Look at the Findings of the UN’s MortalityRisk Index• Examining the factors contributing to the mortality risk index,

including the prevalence of natural disasters, infrastructure fordealing with them, and varieties in the level of preparedness atthe country level

• Understanding how mortality risk levels vary along cyclone,earthquake, and flood axes

• Taking a closer look at the relationship between mortality risklevels, economic considerations, and the insurance environmenton a country-by-country basis

• Dissecting the role of the index in disaster risk reduction effortsinternationally, and the possible expansion in the use ofinsurance-linked securities

Assistant Secretary-General Margareta Wahlström, SpecialRepresentative for Disaster Risk Reduction, United Nations

9.15 The European Directive for Alternative InvestmentManagers: Understanding the Implications for ILS & LifeSettlement Investors• Understanding the purpose of the directive• Examining timelines and possible variations• What the directive will mean for the marketing of hedge funds

(including ILS funds) to European clients• Forecasting the longer term implications of the directive on the

future of the insurance-linked securities spaceSpeaker to be confirmed – check www.ilseurope.co.uk forupdates

10.00 Guest Address: Distributed Computing and theFuture of Climate Modeling:Lifting the Lid on the World’s Largest ClimateForecasting Experiment• Examining the success of climateprediction.net in enlisting the

combined computing power of over 48,000 global users• A closer look at the experiments themselves, and the climate

models they’re based upon• Uncovering the results of the experiments: What does

climateprediction.net indicate about the future effects of climatechange, and what are the implications for insurance-linkedsecurities?

Dr Myles Allen, Head of Climate Dynamics Group, University ofOxford

10.45 Morning Networking Break

17.15 Cocktail Reception

18.30 End of Main Conference Day 1

5Sponsors:

Track A: Non-Life Track B: Life

Concurrent Tracks Begin: Choose Track A (non-life) or Track B (life)

11.30 Why Do Models Disagree?The Peculiar Challenge of Modeling EuropeanWindstorms• Examining the most significant sources of disagreement between

European windstorm models• Understanding why models disagree, and what the implications are

for sponsors of – and investors in – catastrophe bonds• Identifying weakness in European catastrophe models, and scope

for further improvements• A closer look at the “recharacterisation” process for newly issued

cat bonds Speaker to be confirmed from AIR WorldwideJohn Seo, Managing Principal, Fermat Capital

12.15 Networking Luncheon

13.15 Data Transparency:The Key to Broadening the ILS Investor Base?• Evaluating current levels of transparency in the pricing and loss

estimates for insurance-linked securities• Considerations around the availability of data: Who can access it

and under what circumstances?• Web-based solutions for enhancing levels of transparency and

disclosure• Determining optimal levels of transparency for the industry:

Preserving proprietary information while expanding the investor baseBeat Holliger, Managing Director, Munich ReKarsten Bromann, Managing Partner & Chief Risk Officer, SolidumPartnersMichael Stahel, Head of Insurance-Linked Investments, Clariden Leu

14.00 Scanning the Horizon:New Risks, New Product Structures, NewGeographies, New Investors• Examining the growth of interest in securitising non-traditional risks:

Motor loss, satellite impact, medical malpractice, extreme mortality• Evaluating new ways to transfer risks through the capital markets• Considerations around future product structures and trading

mechanisms• Overcoming the barriers to growth in new regionsDr. Andreas Müller, Head of Origination, Distribution & ILSInvestments, Munich ReLuca Albertini, CEO, Leadenhall Capital PartnersJean-Louis Monnier, Head of ILS Europe, Swiss Re

What European Investors Need to Know About theState of US Life Settlement Regulations• An update on the regulation of life settlements in the United States• Attitudes of public policy makers concerning the secondary market for

life insurance• A look back and a look forward about STOLI• Considerations on whether life settlements should be regarded as

securities transactions• Evaluating the possibility of federal oversight: What will this mean for

European investment strategies?Michael Freedman, SVP, Government Affairs, Coventry

Evaluating Risk in Life Settlement Funds:Managing the Dangers Associated with Longevity,Origination, and Valuation• Examining the policy selection process – Safeguarding against insurable

interest and other potential procurement issues• The valuation process – How this can help to mitigate extended

longevity risk in a life settlement portfolio• Funds’ legal structure – Choosing the right structure in the right

jurisdiction (Ireland, Luxembourg) to help mitigate tax issues such asthe potential impact of the recent IRS rulings

• Liquidity risk – Using synthetics to manage liquidity including how tohedge liquidity and currency/credit risks associated with a lifesettlement portfolio

David Rawson McKenzie, Fund Director, Centurion FundManagement

Longevity Swaps: An Effective Risk Management Tool for PensionFunds?• Understanding the structure of a conventional longevity swap:

Exchanging fixed payments to the swap provider in exchange forcoverage of pension payments beyond a certain age

• Identifying the risks associated with entering into a longevity swapfrom the pension point of view• Credit risk of the counterparty• Longevity risk miscalculation

• Overcoming the challenges involved with selecting a longevity swapcounterparty

• Creating swap documentation that incorporates some measure offlexibility, including (if possible) an early exit clause

Marcel Grandi, Senior Portfolio Manager, ILS, Credit Suisse AssetManagementRobin Willi, CIO, Rigi Capital Partners

15.00 End of Conference

6 +44 (0) 20 7368 9300 • www.ilseurope.co.uk

“Today, sponsors with increasedawareness of credit exposure valuethe collateralized, multi-year capacityfrom an alternative source, whileinvestors are attracted to thisdiversifying asset class and haveachieved less volatile returns relativeto other sectors – despite the difficultmarket environment. The financialcrisis impacts on ILS have largelybeen resolved and the ILS market hasrecovered quickly, and is equippedwith a strong deal pipeline.Martin Bisping, Head of Non-LifeRisk Transformation, Swiss Re

“I think that we are on course for 25% annual growth overthe next few years. The conditions are right for this. Not onlyis the overall potential for ILS activity high, but issuers andinvestors seem to be synchronized in their plans for growthfor the first time in many years.”John Seo, Managing Principal, Fermat Capital, 2009

“In absence of an official industry body or forum for ILS

professionals, quality conferences and events are important forums

for all market participants to discuss hot topics about our markets.

With the market transformations we are witnessing, there is a lot

to discuss, and all layers, more than ever before, will find it useful

to be able to participate and attend the debate.”

Luca Albertini, CEO, Leadenhall Capital Partners

About Our Sponsors

Registration Information

SPONSORSHIP AND EXHIBITION OPPORTUNITIES

Pricing

Media Partners

For over 25 years, Coventry has been redefininginsurance. Founded in 1982, Coventry began as aninsurance marketing, product development and policy

administration firm. Known as a leading innovator in the industry, Coventryassisted insurance carriers in the development of product, software anddistribution. It established itself as one of the top corporate life insurancecompanies in America during the 1990s, servicing over 70,000 policies forits corporate clients. In 1998, Coventry created the secondary market forlife insurance in the United States and coined the term “life settlement”.As the market leader, Coventry has structured and financed transactionsrepresenting more than $25 billion of death benefit and has been a keydriver behind the market’s rapid growth. Today, Coventry is the largestpurchaser and servicer in the longevity and mortality market, employingmore than 200 people. Based in Pennsylvania, Coventry was the firstsecondary market firm to earn Standard and Poor’s highest servicer ranking(2004 and reaffirmed in 2006). In 2005, Coventry was first in revenue inthe insurance category of the annual Inc. 500 listing of the fastest growingprivate companies in America. Website: www.coventry.com

Centurion Fund Managers, the fund managementdivision of Centurion, was established in 1999 andlaunched its first life settlement fund, Defined Return

Fund, in 2002. Since then, Centurion has launched two additional lifesettlement funds, Argent Fund and Life Settlement Strategy Fund, listedrespectively on the Luxembourg Euro MTF and the Channel Islands StockExchange. Today, with over $400m under management, Centurion’slongevity funds have consistently delivered stable returns to our investorsover the past 7 years. As pioneer in the longevity asset class, Centurionwas the first fund manager to include longevity swaps in its investmentportfolio. Recognising the need to offer a more diversified portfolio of

Sponsorships and exhibits are excellent opportunities for your company to showcase its products and services to high-level, targeted decision-makersattending the 2nd ILS Summit Europe. IQPC and Finance IQ help companies like yours achieve important sales, marketing and branding objectives bysetting aside a limited number of event sponsorships and exhibit spaces – all of which are tailored to assist your organisation in creating a platform tomaximise its exposure at the event.

For more information on sponsoring or exhibiting at the 2nd ILS Summit Europe, please contact Mario Matulich at +1 212-885-2719 or sponsorship@iqpc.com.

*UK VAT is charged at 17.5% and will be assessed and added to the total amount due.UK VAT Reg No GB799225967

SPECIAL DISCOUNTS AVAILABLE:A limited number of discounts are available for the non-profit sector, government organizations andacademia. For more information, please contact customer service at +44 (0)20 7368 9300. For informationon team discounts, please also contact IQPC customer service at +44 (0)20 7368 9300. Only one discountmay be applied per registrant. **Only one discount is applicable per person.

In order to qualify for discounts, bookings must be received with payment by the early bird dates.

PAYMENT:Note: Any registrations not accompanied by immediate payment will be subject to a £49 (plus VAT)processing fee. Make cheques payable in British Pounds to: IQPC Ltd.

Details for making payment by Direct Transfer:(Please quote 17093.003 with remittance advice)

IQPC Bank details: HSBC BankSort Code: 40 38 18Account no: 51304143IBAN No: GB59 MIDL 4038 1851 3041 43BIC: MIDLGB2112VAccount name: International Quality & Productivity Centre Ltd

Payment Policy: Payment is due in full at the time of registrationand includes lunches, refreshments and detailed conferencematerials. Your registration will not be confirmed until payment isreceived and may be subject to cancellation.

For IQPC’s Cancellation, Postponement and SubstitutionPolicy, please visit www.iqpc.com/cancellation

Venue: Venue is to be announced. Please checkwww.ilseurope.co.uk for updates and announcements.

Special Dietary Needs: If you have a dietary restriction, please contactCustomer Service at +44 (0)20 7368 9300 to discuss your specific needs.

©2010 IQPC. All Rights Reserved. The format, design, content andarrangement of this brochure constitute a trademark of IQPC.Unauthorized reproduction will be actionable under the Lanham Actand common law principles.

structured products with high yield and low correlation to market in itsinvestment funds, Centurion is rapidly expanding its offerings by movinginto both the micro-longevity and macro-longevity spaces. Website:www.centurionfundmanagers.com

Established in 1971 the Bermuda Stock Exchange (BSX) is nowthe leading fully electronic offshore securities market. TheExchange specializes in listing and trading of capital marketinstruments such as equities, debt issues, funds, hedge funds,derivative warrants and Insurance Linked Securities. The BSX is an

Approved Stock Exchange status under Australia's Foreign Investment Fund(FIF) taxation rules, Designated Investment Exchange status by the UK'sFinancial Services Authority and in December of 2007 was grantedRecognised Stock Exchange by the UK HM Revenue and Customs. InFebruary 2008 the BSX became a member of America's Central SecuritiesDepository Association. tel: 441-292-7212. Website: www.bsx.com

AIR Worldwide Corporation (AIR) isthe scientific leader and most respectedprovider of risk modeling software and

consulting services. AIR founded the catastrophe modeling industry in1987 and today models the risk from natural catastrophes and terrorism inmore than 50 countries. More than 400 insurance, reinsurance, financial,corporate and government clients rely on AIR software and services forcatastrophe risk management, insurance-linked securities, detailed site-specific wind and seismic engineering analyses, and property replacementcost valuation. AIR is a member of the ISO family of companies and isheadquartered in Boston with additional offices in North America, Europeand Asia. Website: www.air-worldwide.com

Register by Register by Standard 26 February 2010 26 March 2010 Price

All Access Pass - includes main conference (save £1,497) (save £1,197) (save £897)and all 3 workshops £1,399 + VAT £1,699 + VAT £1,999 + VAT

Conference Only (save £400) (save £200)£999 + VAT £1,199 + VAT £1,399 + VAT

Workshop Only £499 + VAT £499 + VAT £499 + VAT

7Sponsors:

Best Value!

26-28 April 2010 | London, UK

2ndInsurance Linked SecuritiesSummit TM

Delivering Superior Returns through Strategic Investments in CatBonds, Life Settlements and other Insurance-Linked Securities

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