Project finance lenders are increasingly turning to unfunded non-payment insurance to cover borrower default risk, providing substantial risk syndication, credit, and portfolio management benefits. The market for long-tenor, non-recourse credit risk insurance has significantly deepened in recent years, stemming from the well-established markets for insuring trade finance loans. Who are these insurance companies and what are their capabilities? How does project finance non-payment insurance compare with other credit risk mitigation options available to banks? How can banks increase their competitive position by working with these insurers as "silent partners"? How does unfunded non-payment insurance reduce credit risk and reduce risk-weighted assets? These questions will be addressed during an interactive session with industry experts.
4.30pm Registration
5.00pm Welcome & Introduction
Edwin Charnaud, Global Practice Leader, Marsh Infrastructure Practice
5.05pm Keynote Presentation
Stephen Kay, Managing Director, Marsh Credit Specialties
5.20pm Panel Discussion
Moderator: Stephen Kay, Managing Director, Marsh Credit Specialties
Michael Silas, Head of Capital Risk Solutions, AXIS Capital
Philip Hill, Partner, Clifford Chance LLP
Question & Answer Session
6.20pm Closing Remarks
Edwin Charnaud, Global Practice Leader, Marsh Infrastructure Practice
6.25pm IPFA Update
6.30pm Networking Drinks Reception kindly hosted by Marsh
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