pension

One of the longest-standing end-investor allocators to the insurance-linked securities (ILS) market has left his employer, as a re-organisation at the Ontario Teachers’ Pension Plan (OTPP) sees its Managing Director of ILS Philippe Trahan departing the organisation.

The Ontario Teachers’ Pension Plan Board (OTPP), a long-standing pension investor in the insurance-linked securities (ILS) market, has promoted Gillian Brown, an executive who has had responsibility for the ILS allocation activities of the plan for a number of years.

Despite the well-publicised impacts to pensions because of the global decline in asset values through 2022, US corporate pension funds actually ended the year with their largest funding surplus in decades.

The Board of the Plymouth County Retirement Association, a retirement manager that provides pensions and benefits to over 11,500 participants from 24 municipalities, 5 regional schools, 17 housing authorities, and 6 special districts, is seeking an insurance-linked securities (ILS) investment manager for an allocation.

Government instigated performance tests for Australian superannuation funds, so pension and retirement investment houses, could potentially have an effect of making investing into asset classes like insurance-linked securities (ILS) at scale more challenging, research suggests.

PGGM, the Dutch pension fund investment manager and the largest end-investor in the insurance-linked securities (ILS) space, has promoted its employee Youssef Sfaif to the role of Director, Credit & Insurance Linked Investments.

Reinsurance firm Swiss Re has entered into an agreement with HSBC to purchase over 400,000 individual and group pension and related annuity policies as well as GBP £4.2 billion in unit-linked assets from HSBC Life (UK) Limited.

The International Monetary Fund has published a chapter of its Global Financial Stability Report which discusses ‘The Financial Impacts of Longevity Risk’. In it they warns that the U.S. and other governments need to acknowledge the size of the longevity risks they are facing, put in place mechanisms for improved risk sharing between governments, private […]

Since the longevity risk transfer and pensioner longevity de-risking market began in earnest in 2006 over £40 billion of pensioner liabilities have been transferred using instruments such as longevity swaps, buy-ins and buy-outs according to an update from Hymans Robertson. The total volume of risk transfer deals is expected to surpass £50 billion by the […]

The insurance-linked securities market saw steady issuance during 2011 and still managed to achieve near $5 billion of new issuance despite the disruptions to the market caused by new risk models and large catastrophe events, says Towers Watson in their January report on the P&C re/insurance market (available here). Sponsors of ILS and catastrophe bond […]