Faculty

The Fundamentals of ILS
course

Convenors & lecturers

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Kirill K. Savrassov

Course convenor & co-Lecturer

With almost 25 years of experience in the (re)insurance industry Kirill runs Phoenix CRetro, a specialised full cycle ILS company with a focus on emerging markets. He has extensive connections in CEE, Eurasia, London, Bermuda & the United States at both corporate and government pillars and regularly speaks at international industry events on the topics of Insurance-Linked Securities (ILS), sovereign catastrophe bonds and Alternative risk transfer (ART). Also, he reads the course of Strategic Management for Chinese magistrate students of BSU’s School of Business.
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Toby Pughe FCII

Course convenor & co-Lecturer

Toby is a Fellow of the Chartered Insurance Institute (equivalent to an academic Degree in insurance) with a graduation thesis dedicated to ILS. He has written extensively about the use of Insurance-Linked Securities and how they can help bridge the gap between economic and insured losses. He has also written in depth about the opportunities for ILS in a post Covid world, and how climate change will impact financial markets and the industry as a whole. Toby currently works in the ILS team at a boutique hedge fund in London.

Each module ends with a session from a guest lecturer, allowing you to learn from the wisdom and experience of the leading experts in their fields, so “to feel the beat” of the ILS industry.

Market practitioners
industry leaders who were our

Experts & Contributors

Clive-OConnell

Clive O'Connell

Head of insurance and reinsurance
mccarthy denning law firm
Clive is the Head of lnsurance and Reinsurance at law firm McCarthy Denning. Since qualifying as a Solicitor in 1982, he has specialised in the areas of reinsurance & risk transfer. Over the time, Clive has handled some of the largest and most complicated disputes in the area, many running into hundreds of millions of dollars in a variety of jurisdictions, which made him one of the world’s leading (re)insurance legal experts. A former General Counsel of International lnsurance Society and Board Member of the New York chapter of the CPCU, Clive is currently a Non-executive Director of one of the largest European ILS investment fund managers as well as non-executive chairman of an insurtech start up. In 2014, lnsurance Day named him as one of the 50 most influential people in the world of insurance; the only lawyer to appear on that list.
Oleg Oleg

Oleg Kapinos, CAIA

senior investment product specialist
tokio marine asset management
Oleg is an investment professional and entrepreneur who spent a large part of his career in Asia. His expertise spans ILS, equities, hedge funds and venture capital. 5 years of his time in Tokyo were dedicated to conducting due diligence and promoting products of the leading ILS investment managers as well as other alternative asset classes at Japan Alternative Investment (now Mitsui & Co. Alternative Investments) where he raised over USD100 mln. for 2 highly successful products. Prior to that he was also working on CIS deal origination at Daiwa Securities SMBC (now Daiwa Capital Markets). He has authored articles in Japanese and European professional publications and is a regular presenter at investment conferences across Europe.
Urs-Ramseier

Dr. Urs Ramseier

Executive Chairman
Twelve Capital Holding AG
Urs Ramseier is the co-founder and executive chairman of Twelve Capital Holding AG, an insurance asset manager with $5bn in AuM that launched in 2010. He has more than 25 years of experience in the investment industry and holds a PhD in economic geography from the University of Berne. Urs began his career in 1995 with Credit Suisse in Zurich before moving to London in 1996 to work for Credit Suisse Financial Products, where he became responsible for managing insurance company credit risk. He was also a member of the Global Credit Committee at Credit Suisse First Boston in Hong Kong. From 1999 to 2001, Urs worked for Lombard Odier & Cie in Geneva as a sell-side Equity Analyst for insurance and real estate stocks. In 2001 he rejoined Credit Suisse First Boston in Zurich as a buy-side Analyst and Portfolio Manager, and assumed responsibility for all of Credit Suisse Asset Management's investments in European insurance stocks.
Braun

Prof. Dr. Alexander Braun

Director,Institute of Insurance Economics
of the University of St. Gallen (HSG)
Alexander Braun is Director at the Institute of Insurance Economics of the University of St. Gallen (HSG) in Switzerland, where he also holds the Associate Professorship in Insurance and Capital Markets. During his doctoral and postdoctoral phase, Mr. Braun completed stays at the University of Michigan (US) and the University of Essex (UK). Later he held visiting scholar positions at the Wharton School (Penn) and Fox School of Business (Temple University) in the US. He started his professional career in the Capital Markets Division of Lehman Brothers in London. Natural Catastrophe Risk and Insurance-Linked Securities (ILS) are one of the main focus areas of Mr. Braun. His research and teaching activities have been awarded, among others, by the American Risk and Insurance Association (ARIA), the Asia-Pacific Risk and Insurance Association (APRIA), the Geneva Association, the International Insurance Society (IIS), and the Casualty Actuarial Society (CAS).
Stas

Stanislav Kim

OiC Team Leader for the Climate Change & Disaster Resilience, UNDP Istanbul Hub
Stanislav is an Officer in Charge Team Leader for the Climate Change and Disaster Resilience Team in the UNDP Istanbul Regional Hub and supporting 18 countries in Europe and Central Asia in building resilience to natural disasters and introducing of risk informed development. He has over 20 years of working experience in development, DRR, energy and environment programs in the region of Europe and CIS. Prior to current assignment, in 2010-2014 Stanislav worked as a Head of energy and environment unit in UNDP Kazakhstan Country Office. Between 2003-2010, he served as a National coordinator of GEF Small Grants Program. In 2001-2003, Stanislav coordinated development and implementation of 12 GEF UNDP full-size projects in climate change mitigation, biodiversity conservation and POPs. Prior to UNDP he worked for several national and regional NGOs. Mr.Kim holds a BSc in Geography and MSc in Environmental management.
Armen

Armen Grigoryan

RESIDENT REPRESENTATIVE FOR NORTH MACEDONIA
UNITED NATIONS DEVELOPMENT PROGRAM (UNDP)
Mr. Grigoryan was appointed as UNDP Resident Representative for the Republic of North Macedonia on October 11, 2021. Prior to this appointment, Armen was Regional Cluster Leader for Climate Change/Disaster Resilience and Global Energy Policy Advisor for Europe and Central Asia in UNDP at Istanbul Regional Hub since January 2015. He also served as Risk/Resilience advisor in UNDP New York, Programme officer in UNDP Geneva, Programme Manager for Crisis and Recovery in UNDP Armenia, covering Disaster Risk Reduction and Mine Action, DRR Advisor in UNDP Tajikistan and Kyrgyzstan, Programme Manager for Disaster Management Training Programme in UNDP/UNOCHA Armenia, as a UNV Programme Officer in UNDP Armenia and in UNDPI Armenia. Armen has also worked in the World Bank, the United States Department of Treasury, US Peace Corps, etc. Armen holds a MA degree in International Relations and European Studies from the Central European University and BA in Pedagogy, History and English Language.
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Philippe Trahan

Director, ILS
Ontario Teachers'​ Pension Plan
Philippe Trahan is responsible for Ontario Teachers' Insurance-Linked Securities program which was established in 2006 with OTTPP being one of the largest institutional investors worldwide. His team invests in insurance and reinsurance risks globally, primarily through partnerships across life & health, property-catastrophe, specialty, and run-off markets. Prior to joining Ontario Teachers' in 2007, Philippe worked at Aon in its reinsurance division. Philippe has more than 25 years of industry experience across many classes and geographies, having been based in Luxemburg and London over his career. Philippe holds a B.Sc. from Laval University. He is a fellow of both Canadian Institute of Actuaries as well as of the Casualty Actuarial Society and has ICD.D certification from the Institute of Corporate Directors.
International Education
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Support team

Kseniya Kolyago

Teaching Methods Specialist - SB BSU
TianTian Tr

Tiantian Yang

china desk - phoenix cretro

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