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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 →

Coca-Cola pension fund ILS allocation shrank almost 30% in 2018

Beverage giant The Coca Cola Company's allocation to insurance-linked securities (ILS) investments from its pension fund shrank by just under 30% in 2018, which is likely due to losses suffered in the sector after major catastrophe events.The Coca-Cola pension fund had allocated roughly 5% of its assets into the ILS read the full article →

Swiss pensions allocate more to ILS, increasingly a core alternative asset

Pension funds in Switzerland have continued to increase their allocations to insurance-linked securities (ILS) and reinsurance linked investments, with the ILS asset class becoming a core alternative investment for some of them.With Switzerland being home to a number of specialist insurance-linked securities (ILS) fund managers, as well as a vibrant read the full article →

North Yorkshire Pension Fund increased ILS allocation to Leadenhall

The North Yorkshire Pension Fund, a pension scheme for council and local government workers in the Yorkshire region of the United Kingdom, increased its allocation to insurance-linked securities (ILS) funds under the management of Leadenhall.Having originally won a mandate from the pension fund for an £80 million allocation in 2018, read the full article →

Vermeer Re off to strong start, writes 40 transactions in Q1: RenRe CEO

Vermeer Reinsurance Ltd., the latest joint-venture vehicle from RenaissanceRe that is backed by Dutch pension fund manager and significant ILS investor PGGM, has got off to a strong start at the beginning of 2019.Vermeer Reinsurance Ltd. (Vermeer Re) was launched in time for the January 1st 2019 reinsurance renewals, as read the full article →

AP3 grows ILS assets, sees positive reinsurance investment returns in 2018

AP3, the Swedish state sector pension fund, has been investing in catastrophe bonds, insurance-linked securities (ILS) and reinsurance linked assets since 2008 and the investor increased its allocation to the ILS sector in 2018, while the asset class delivered a positive return despite the catastrophes.In 2018, the size of AP3's read the full article →

Ontario Teachers’ promotes Grzinic as MD to lead insurance-linked securities

The Ontario Teachers’ Pension Plan (OTPP) has promoted Bernard Grzinic to the role of Managing Director for Credit, Insurance Linked Securities and Equities within Capital Markets group, which will see him leading the investment teams for each of these areas.The Ontario Teachers’ Pension Plan (OTPP) is a long-standing investor in read the full article →

Vermeer launch helps RenRe “address more of its cedents’ concerns”

The launch of Vermeer Reinsurance Ltd. by RenaissanceRe, with the sole backing of Dutch pension fund manager and significant ILS investor PGGM, will help the reinsurer to "address more of its cedents' concerns" while bringing diversified capital to market, analysts say.The launch of Vermeer Re was announced this week and read the full article →

PGGM & RenRe partner on Vermeer Re rated property catastrophe play

Dutch pension fund manager PGGM has partnered with Bermudian reinsurer and third-party capital manager RenaissanceRe on a new risk-remote rated property catastrophe reinsurance vehicle named Vermeer Reinsurance Ltd.Vermeer Re will initially be capitalised with $600 million of funding from PGGM and the pension fund manager has an option to add read the full article →

BBC pension allocates to Securis managed ILS fund

The pension fund of the BBC, or British Broadcasting Corporation, has made a fresh allocation to insurance-linked securities (ILS) in 2018, with a £98.1 million (approx. $127m) investment in an ILS fund managed by Securis Investment Partners.The BBC Pension Trust had previously been invested in the ILS space, but exited read the full article →