Laurie Carver
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Articles by Laurie Carver
M&G slams Cebs stress tests
Fund manager criticises sovereign risk assumptions and raises Basel III fears
US insurers and pension funds seek to hedge deflation
Extra inflation hedging demand driving split between derivatives and cash market pricing
Legal & General creates CRO role
UK insurer promotes group financial controller to oversee risk management
Quant Congress USA: Ban DVA, counterparty risk quant says
Banks should not book paper profits as their own debt quality worsens, the Risk conference heard yesterday
Quant Congress USA: Asset class diversification outmoded, says Pimco MD
New regime needs macro diversification, says Vineer Bhansali
Quant Congress USA: UK and Netherlands least risky European debt
Relatively healthy private sector means UK and Netherlands least likely to default
Quant Congress USA: "Only models were reliable during crisis," says AQR CRO
Quants push back against criticism of models at Risk's Quant Congress USA event in New York
Insurers reappraise forex risk
Increasing currency volatility has prompted a reappraisal of insurers’ foreign exchange hedging approach – a phenomenon that will be accelerated, particularly in the Nordic regions, with the advent of Solvency II. Laurie Carver reports
MCEV – the quest for market consistency
After the extreme volatility of 2008 spoiled the MCEV launch party, investors have been understandably wary of the way some firms have taken a hardline stance on market consistency. Now the variance in how non-hedgable risks are assessed is what is…
Solvency II to push annuity providers to gilts
Fitch analysts say demand for corporate bonds could drop as Solvency II forces UK insurers to opt for gilts
Variable annuity redesign led by US innovation
Variable annuity providers were hurt by basis risk, extreme volatility and policyholder lapses during the crisis, and guarantees were scaled back and repriced as a result. Now risk management is driving a US-led surge of innovation. Laurie Carver reports
Reversal of fortune
Inverted swap spreads have defied earlier predictions that they were a short-term aberration to still be a feature 18 months after their first appearance. Is this set to continue and, if so, does it pose an opportunity for pension schemes and insurers?…
Portuguese insurers shielded from sovereign risk, claims regulator
A focus on high-grade corporate bonds in their investment portfolios is insulating Portuguese life insurers from the continued market pressure on the country's sovereign debt, according to Instituto de Seguros de Portugal (ISP), the country's insurance…
Insurers face “death by 1,000 spreadsheets” under Solvency II
Overly prudent capital requirements and excessive red tape in the Solvency II directive will paralyse the European insurance industry and kill the mutual business model, according to the Association of Mutual Insurers and Insurance Cooperatives of Europe…