pension fund

Institutional investors that have not yet chosen to allocate capital into insurance-linked securities (ILS) should be considering to do so given the diversification benefits that it offers, as well as its attractive risk-return profile, according to Eveline Takken-Somers, Head of Insurance Linked Investments, at Dutch pension fund service provider, PGGM.

The Florida State Board of Administration, allocating to insurance-linked securities and reinsurance for the Florida Retirement System pension plan, remains focused on navigating the softening market environment by adding more diversification within the asset class, with a Lloyd’s specialty investment moving through its pipeline still.

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.

Swiss Re, the global reinsurer, has named long-standing senior employee Mirjam Wiget as the new leader for its Alternative Capital Partners (ACP) division, as incumbent Martin Zingg moves into the Group Chief Investment Officer role.

Nest Sammelstiftung, or the Nest Collective Foundation, a Swiss pension that adopts sustainable investment strategies and allocates to insurance-linked securities through a number of ILS managers has reported that its allocation achieved “convincing results” again in 2025.

A new restricted special purpose insurer (SPI) named Huygens Re Ltd. has been established in Bermuda, which we understand will become the dedicated structure for the insurance-linked securities investment into a quota share with reinsurance firm PartnerRe for PGGM, the Dutch pension fund investor.

The Florida State Board of Administration has reiterated its view that, with property catastrophe reinsurance rates softening fast catastrophe exposed insurance-linked securities (ILS) could become less attractive and the investor is even envisioning a potential “significant reduction” if the direction of travel persists.

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.

Over the last few year’s we’ve noticed increasing interest in the insurance-linked securities asset class as an investment opportunity from institutions in Latin America and now pensions in Chile have reportedly begun allocating to catastrophe bonds.

The target investment allocation range for the Mt. Logan Capital Management, Ltd. quota share structure named Scenery Re has been increased for the insurance-linked securities (ILS) portfolio managed by PGGM, the Dutch pension fund investment manager, on behalf of its end-client pension PFZW.