Asian Institute of International Financial Law (AIIFL), HKU

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AIIFL Series

In this series

Financial Law and Regulation Seminars

Meet the Team

Financial Law and Regulation Seminars

Introduction to Alternative Risk Transfer (ART) and Insurance Linked Securities (ILS)

Financial Law and Regulation

Date & Time Wednesday, 29 April 2026 12:30-1:30 pm (HKT)
Duration 1:00
Location Zoom & In Person: Room 723, 7/F Cheng Yu Tung Tower, The University of Hong Kong
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ART comprises financial solutions that enable businesses to manage risks of economic loss, improve balance sheet resilience, and unlock new revenue streams, arising from natural or manmade catastrophes (typhoon, flood, earthquake, drought, pandemic, etc.) as well as from extreme weather volatility. ILS are a subset of ART that provide substantial amounts of multi-year, fully collateralised protection against various natural or man-made risks, by the issuance of securities into the capital markets. Both ART and ILS address common business risks more efficiently compared to traditional re/insurance solutions and are particularly good for addressing risks which are typically not addressed by conventional re/insurance or recoverable under conventional contracts or through litigation.

About the Speakers

Alex Korb

Principal, Alternative Risk Solutions; (AIIFL Fellowship: 29 April 2026)

Alex has 28 years of broad experience in re/insurance & financial services, with a focus on alternative risk solutions: innovative ways to boost financial resilience and unlock new revenue streams via parametric, captive, forecast-based, embedded, and hybrid insurance & financial solutions, including insurance-linked securities (ILS). Alex is a graduate of Binghamton University, has an MBA from the NYU Stern School of Business, and has earned multiple professional designations in insurance, risk management and finance.

Jeffrey H. Chen

Partner and Head of Structured Finance, Dentons Hong Kong LLP (Hong Kong); (AIIFL Fellowship: 29 April 2026)

Jeff Chen has over 25 years' experience in Asia as a legal practitioner in all areas of fixed income, including securitization, structured notes, derivatives, private structured debt, and distressed debt, and is now expanding his practice to cover ART and ILS. Jeff received his JD from The George Washington University Law School and his MA and BA degrees from The University of Michigan. He is admitted to practice in New York and the District of Columbia and is a licensed solicitor in Hong Kong. He serves on the Professional Advisory Board of the Asian Institute of International Financial Law, Faculty of Law, The University of Hong Kong.

Timothy James Yip

Managing Director and Head of ILS Investments, ILS Advisers (AIIFL Fellowship: 29 April 2026)

Timothy Yip is Executive Director and Head of ILS Investments at HSZ Group, where he oversees the firm's ILS and catastrophe bond team. He has more than two decades of experience across ILS and reinsurance, spanning analytics, program placement, product design, actuarial work, catastrophe modelling, and pricing for major insurance and reinsurance participants and programs globally. Prior to joining HSZ, Tim served as an Executive Director at Willis Re's London headquarters (since 2014) within Global Specialties, focusing on retrocession, marine and energy, and aviation. Earlier, he spent 8+ years with Aon Benfield across Sydney, Hong Kong, and London, building expertise in the catastrophe risk and capital solutions-from structured placements to risk quantification and pricing. Tim is a Fellow of both the Institute of Actuaries (UK) and the Society of Actuaries (USA), and graduated from the University of Toronto with a degree in Actuarial Science in 2005.

Chair

Professor Giuliano Castellano

Director of AIIFL, and Associate Professor, Faculty of Law, The University of Hong Kong