Mizuho kick-starts insurance derivatives business

The business will originate and structure insurance-linked securities – instruments which bridge the insurance and capital markets – directly from the insurance industry as well as corporate entities.

Roggenkamp joined the firm in April of this year after 10 years with HVB, where he was director of alternative risk transfer. Since joining Mizuho, he has hired Armin Wagner, a portfolio manager from HVB, and Kai Morgenstern, formerly a senior underwriter of GE Franconia Re as part of his team.

"There are a number of similarities between the insurance derivatives market now and the credit derivatives market eight or so years ago," said Marc Petrocochino, managing director responsible for proprietary and arbitrage desks at Mizuho, commenting on the potential for growth in the market.

"John Coomber, chief executive of Swiss Re predicted in a recent interview that the reinsurance industry will securitise 30% of its turnover by 2015. We see absolutely no reason to question that figure," added Roggenkamp.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here