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PGGM adds private quota share with Swiss Re through Viaduct Re Ltd.

PGGM, the Dutch pension fund administrator and investment manager that has become the largest single source of assets in the insurance-linked securities (ILS) market, added a private quota share arrangement with reinsurance giant Swiss Re in 2019, using a special purpose insurer (SPI) named Viaduct Re Ltd.Last month we reported read the full article →

Arkansas Teacher pension fund tops up its Aeolus ILS allocation

The Arkansas Teacher Retirement System, a state pension fund that provides retirement solutions to Arkansas education professionals, has approved another $30 million allocation to ILS and reinsurance focused investment manager Aeolus Capital Management at the end of 2019.The Board of Trustees approved the fresh allocation to Aeolus' Property Catastrophe Keystone read the full article →

Coca-Cola pension fund’s ILS allocation shrank again in 2019

The insurance-linked securities (ILS) allocation of the pension fund of global beverage giant The Coca Cola Company has shrunk again in 2019, ending the year -14% smaller likely due to a continuation of loss impacts following the major catastrophe events of recent years.The Coca-Cola pension fund has been invested in read the full article →

Indiana state pension adds $50m to Aeolus ILS fund allocation

The Indiana Public Retirement System, a state pension fund with over $38 billion of pension related assets under management, has expanded its investments in funds managed by ILS and reinsurance focused investment manager Aeolus Capital Management.The pension fund has been invested in insurance-linked securities (ILS) for some years, having had read the full article →

PGGM added $355m to Vermeer Re investment in 2019, to hit target $1bn cap

PGGM, the Dutch pension fund investment manager and the largest investor in the insurance-linked securities (ILS) space, made good on its option to upsize its allocation to Vermeer Reinsurance Ltd., the joint-venture vehicle that is managed by RenaissanceRe, taking Vermeer's total capitalisation to over $1 billion in 2019.Vermeer Reinsurance Ltd. read the full article →

PGGM grows ILS portfolio 16% to ~$6.5bn in 2019, adds new reinsurance partners

PGGM, the Dutch pension fund investment manager and the largest single source of assets in the insurance-linked securities (ILS) market, has grown the size of its ILS portfolio by roughly 16% in 2019, to reach around US $6.5 billion of assets and also added two new reinsurance partners during the read the full article →

Healthcare of Ontario Pension Plan (HOOP) hires Van der Stichele for ILS

The Healthcare of Ontario Pension Plan (HOOP) is the latest large Canadian investor to target the insurance-linked securities (ILS) market as a source of returns and the Plan has hired an experienced portfolio manager to get it started.Bernard Van der Stichele has joined the Healthcare of Ontario Pension Plan (HOOP) read the full article →

UK pension fund Railpen hires ILS focused investment manager

Railway Pension Investments Limited (RPMI Railpen), the dedicated investment manager that looks after the pension fund for UK railway's workers, has hired a sector specialist in insurance-linked securities (ILS) from Willis Towers Watson (WTW) as an investment manager.James Turner has joined RPMI Railpen as an Investment Manager at the end read the full article →

NZ Gov Super Fund says ILS still “appropriate to objectives” despite losses

The Government Superannuation Fund Authority of New Zealand, an autonomous entity that manages the pension assets of state sector employees, said that its allocations to insurance-linked securities (ILS) remain "appropriate to objectives" despite having fallen to a negative return in the last year.The New Zealand Government Superannuation Fund has been read the full article →

Hudson Structured raises $300m from Indiana & Maryland state pensions

Hudson Structured Capital Management Ltd., the insurance-linked securities (ILS), reinsurance and transportation focused investment manager that undertakes its insurance investment business as HSCM Bermuda, has raised new capital from two U.S. state retirement system pension funds in recent months.According to documents from board of trustee meetings held by the Indiana read the full article →