CalPERS

The California Public Employees’ Retirement System, or CalPERS as it is better known, is exploring ways to increase its exposure to insurance-linked securities, which are seen as one asset class that can contribute towards its goal to invest $100 billion in climate solutions by 2030, according to a Bloomberg report.

CalPERS, the largest public pension fund in the United States, has continued to expand its investments in catastrophe bond and insurance-linked securities fund strategies with the combined valuation of its allocations to the asset class nearing $2.5 billion at the mid-point of 2026, an increase of around 70% just in the first-half of this year.

CalPERS, the largest public pension fund in the United States, had previously disclosed investments in catastrophe bond and insurance-linked securities (ILS) fund strategies valued at $1.451 billion at the end of 2025, but new documents seen by Artemis show that the giant investor had further room to grow in the asset class.

CalPERS, the largest public pension fund in the United States, ended 2025 with its investments in catastrophe bond and insurance-linked securities (ILS) fund strategies amounting to $1.451 billion, with allocations in place with Tangency Capital, Integral ILS and Swiss Re’s SRILIAC.

CalPERS, the largest public pension fund in the United States with total assets under management of over $582 billion, is making its first ever investment allocation to the insurance-linked securities sector, we understand in catastrophe bonds, Artemis has learned.

The California Public Employees’ Retirement System, or CalPERS, the largest public pension fund in the United States with total assets under management of over $556 billion, has hired Mascha Canio, the head of credit and insurance-linked investments at PGGM, to lead its debt investment portfolio.