We are proudly announcing the following talk: Thursday, Sept 20, 2000 Seminar Room of E107 at 14:00 (Freihaus, 6th floor, green area) Thomas Goll: Portfolio optimization with an insurance constraint Abstract A paper of Peter Lakner is presented. It studies the problem of maximizing the expected utility from terminal wealth subject to an insurance constraint that the wealth at the terminal time T can not fall below a given level K. Using Malliavin calculus an explicit formula for the optimal portfolio strategy is derived for a standard complete market model.