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Volatile ILS fund flows to continue as Covid-19 economic hit persists

Insurance-linked securities (ILS) fund managers and reinsurance companies managing third-party capital are likely to see continuing volatility in terms of investor inflows and outflows, as the broader implications of the Covid-19 pandemic continue to emerge.While an economic recovery is hoped for in the long-run, the hit to global economies and read the full article →

PGGM added an ILS relationship with PartnerRe in 2019

PGGM, the Dutch pension fund administrator and investment manager and the largest single source of assets in the insurance-linked securities (ILS) market, added a relationship with global reinsurance firm PartnerRe in 2019, as it expanded its ILS partner roster to ten.PGGM, which invests in the ILS and reinsurance market on read the full article →

Swiss Re well-hedged for hurricanes, thanks to alternative capital: CUO Schmid

With natural catastrophe reinsurance premiums underwritten having jumped at Swiss Re in the last year, the company has continued to make use of insurance-linked securities (ILS) investor appetite to help it prepare its portfolio for the coming hurricane season.Swiss Re's target for natural catastrophe premiums underwritten in the group's property read the full article →

Healthcare of Ontario Pension Plan (HOOP) on diversification into ILS & Covid-19

A shift from equities into alternative asset classes including insurance-linked securities (ILS) has helped to cushion the blow of the market volatility seen as a result of the Covid-19 coronavirus for the Healthcare of Ontario Pension Plan (HOOPP).The latest large Canadian institutional retirement fund to target the insurance-linked securities (ILS) read the full article →

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 →