The New Zealand Superannuation Fund, a fund for the state run retirement benefit (pension) available to all working New Zealanders, made an investment in insurance-linked securities including catastrophe bonds last year (previous coverage here and here).
They have become the first investor in cat bonds to make a statement regarding their potential exposure through their investment portfolio to the Japan earthquake and tsunami disaster.
Based on information available to them so far they don’t expect to see any loss to their investments. However, they did say that as information becomes more clear they could not rule out the potential for losses to emerge. That suggests that they most likely are invested in at least one of the cat bonds which have a Japan quake risk component to the transaction.
View all of our Artemis Live video interviews and subscribe to our podcast.
All of our Artemis Live insurance-linked securities (ILS), catastrophe bonds and reinsurance video content and video interviews can be accessed online.
Our Artemis Live podcast can be subscribed to using the typical podcast services providers, including Apple, Google, Spotify and more.
