pension fund


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 →

Leadenhall hires Maynard as senior non-life ILS analyst from Markel

Specialist insurance-linked securities (ILS) and reinsurance linked investment manager Leadenhall Capital Partners LLP has announced a new senior non-life analyst hire who will join the firm from Markel International.Sam Maynard will join Leadenhall as a Senior Analyst in the ILS managers Non-Life Portfolio Management team, further bolstering the resources of read the full article →

Just 1% of European pensions allocate to ILS: Mercer survey

While it sometimes feels as if insurance-linked securities (ILS) and reinsurance linked investments are almost mainstream, there is still a way to go before the asset class truly becomes a staple of the major institutional investors of this world, as evidenced in the results of a recent survey by Mercer.Mercer’s read the full article →

Leadenhall hires Cooper as non-life ILS analyst from SCOR

Specialist insurance-linked securities (ILS) and reinsurance linked investment manager Leadenhall Capital Partners LLP has hired George Cooper to a new role as non-life analyst at the firm, who joins the company from French reinsurer SCOR.Cooper most recently worked as a non-life analyst for SCOR Global P&C, supporting the reinsurers Lloyd's read the full article →