Gala dinner to close World Risk Sharing Week
SCI has published the shortlist for this year's Capital Relief Trades Awards, which celebrate excellence and innovation across the global credit risk-sharing industry. Award winners will be revealed during a gala black-tie dinner held at the Royal Institute of British Architects HQ on 17 October, marking the tenth anniversary of SCI’s Annual Capital Relief Trades Seminar and representing a fitting end to World Risk Sharing Week.
Due to the high level of submissions received during the Awards nominations period, we introduced an Emerging Markets Transaction of the Year category. The shortlist for this category showcases a groundbreaking Chilean transaction, as well as landmark deals from Poland and Romania.
The Investor of the Year category, in particular, saw a significant number of submissions – perhaps reflecting the flood of new investor money coming into the SRT sector. As such, the shortlist for this category is the longest and comprises ArrowMark Partners, AXA IM Alts, Magnetar, M&G Investments and PGGM.
Regarding unfunded protection sellers, the shortlist for the (Re)insurer of the Year category consists of Arch Insurance (EU), Fidelis, Liberty Specialty Markets and RenaissanceRe.
Additionally, for the first time, the 2024 CRT Awards include a Newcomer of the Year category. Here, the shortlist highlights: Dentons, for establishing a new SRT practice from scratch (SCI 20 February); EMX Partners, for its new rated repack platform (SCI 16 August); and LuminArx, which was only founded in 3Q23, yet participated in JPMorgan’s blowout Project Appia deal (SCI 12 January).
As well as JPMorgan, BMO, BNP Paribas, Deutsche Bank, Intesa Sanpaolo, Santander and UniCredit have a significant presence across the shortlists for the arranger, issuer and transaction-related categories. Meanwhile, the law firms shortlisted this year include A&O Shearman, Cadwalader, Clifford Chance, Mayer Brown and Simmons & Simmons.
Once again, innovation across the SRT industry is evident in spades. The Innovation of the Year shortlist highlights Howden’s Granular Portfolio Insurance Product, the ICE DeltaTerra Climate Credit Analytics solution and Tramontana Asset Management’s carbon-backed financing platform.
The Service Provider of the Year shortlist includes Credit Benchmark, Oxane Partners and Milliman. There is no shortlist for the Outstanding Contribution to SRT category, with the winner being announced on the night.
Our thanks to all those who submitted nominations for the Awards. We are also very grateful to our industry advisory panel – comprising Tony Viscardi of ATLAS SP Partners, Matthew Bisanz of Mayer Brown, Olivier Renault of Pemberton Capital Advisors, David Saunders of Santander, Gina Hartnett of Schroders Capital and Alan Ball of Texel – for its invaluable input in finalising the shortlists. Final selections for the Awards will be made by the SCI editorial team, based on colour from other market participants and our own independent reporting.
The headline sponsor of the SCI CRT Awards 2024 is Mayer Brown. An early-bird price for a table of 10 applies until 31 August.
Together with the gala dinner, SCI’s World Risk Sharing Week comprises a two-day programme of training for new entrants to the CRT market, an extended CRT symposium and a Women in Risk Sharing breakfast briefing. For enquiries about any of these events, please email Ieva Nainaite.