Apologies for cross-posting
You are invited to: Reinsurance markets and the future of trading large-scale risk
Tuesday 9th June 2015, 6-7.30 pm
Cass Business School, 106 Bunhill Row
The global market for large-scale risks has never been more important, as climate change exacerbates natural disasters and concerns arise over new threats such as cyber-risk.
Join us for a drinks and canapé reception as we launch our Oxford University Press book: Making a Market for Acts of God: The practice of risk-trading in the global reinsurance industry (authored by Paula Jarzabkowski, Rebecca Bednarek and Paul Spee)
The event will present the findings about the practice of trading risk in the global reinsurance industry and will also feature an expert panel debating the implications for the future of trading in large-scale risk and reflect on the lessons we can learn from other markets.
To register and learn more about this event click: http://www.city.ac.uk/events/2015/june/reinsurance-markets-and-the-future-of-trading-large-scale-risk
- Speaker: Paula Jarzabkowski, Professor of Strategic Management at Cass Business School, City University London
Expert industry and academic panel:
- Tom Bolt, Executive Team member and Director of Performance Management at Lloyd's of London
- Clem Booth, (re)insurance industry veteran, formerly executive board member of Allianz SE and CEO of Aon Benfield Global Inc and many other executive positions in the industry.
- Michael Power, Professor of Accounting, and former Director of the Centre for the Analysis of Risk and Regulation at LSE
Event information
Date: 9th June, 2015 6pm-7.30pm
Location: Room LG001, Cass Business School, 106 Bunhill Row, London, EC1Y 8TZ
About 'Making a Market for Acts of God':
We thought that the risk society would cause humanity to ponder the sustainability of the conditions of its existence. The book shows, however, that the risk society is also, above all, a formidable opportunity for financial markets. By analysing how reinsurers turn natural disasters unpredictable and theoretically incalculable Acts of God into tradable objects, the authors provide a major contribution to understanding the marketization of our societies and its implications. Michel Callon, Professeur à l'Ecole des mines de Paris, CSI. Ecole des mines de Paris.
Making a Market for Acts of God provides a fascinating and incisive practice-based account of how reinsurance markets function for large-scale disasters, where assessment of risk can be more of an art than a science. Reporting on an ambitious project that details how a globally distributed market gets coordinated, it is a must read for those interested in practice theory, social studies of markets, and the social construction of risk. Michael Lounsbury, Associate Dean of Research, Thornton A. Graham Chair, University of Alberta.
This is a superb book that offers us a rich and rigorous understanding of a little known but important industry, showing us how the worlds greatest risks are bought and sold, and in the process, how they are collectively and relationally managed so that the rest of us can sleep at night. The book is based on a superbly detailed global ethnography that takes us to London, Bermuda, Paris and Hong Kong, plunging the reader into the everyday lives, practices and social worlds of the real people who work out the deals making up this extraordinary market. A great read that makes a significant contribution to management scholarship. Ann Langley, Professor, Service de l'enseignement du management, HEC Montreal.