pension fund

The Swiss GastroSocial pension fund has invested 2% of its roughly CHF 11 billion of assets under management into insurance-linked securities (ILS), as it adopted a new investment strategy in 2025 with a more significant focus on private assets.

In an increasingly volatile and uncertain financial world where the investment landscape has been exposed to unpredictable shocks, pension funds have been among the most affected by equity market declines and this is expected to further heighten the desire to diversify their asset portfolios.

AP2, or Andra AP-fonden, a Swedish state pension fund that is one of the largest in Europe at SEK 459 billion under management, saw its insurance-linked securities (ILS) allocation rise in value to around US $1.1 billion by the end of 2024, with the ILS asset class exceeding its long-term return expectations last year.

The City of Zurich Pension Fund has continued to expand its activities as an investor in insurance-linked securities (ILS), growing the size of its investment to now in excess of US $1.15 billion, while adding new allocations to ILS managers Integral ILS and Tangency Capital in the last year.

Swiss Re Insurance-Linked Investment Management Ltd. (SRILIM), one of the specialist insurance-linked securities (ILS) fund management units of the global reinsurance firm, has a new Chief Executive Officer (CEO), as long-standing employee Bernard Bachmann stepped into the role this month, Artemis has learned.

Having previously said it was researching how to expand its insurance-linked securities (ILS) allocations beyond natural catastrophe risk, at a recent meeting executives of the Florida State Board of Administration explained that specialty lines, as well as casualty and cyber risks could be in scope for the large ILS allocator.

The Healthcare of Ontario Pension Plan (HOOPP), a large Canadian institutional retirement fund, has expanded its investment allocation to insurance-linked securities (ILS) by approximately 39% in 2024, lifting its investments in the ILS market to approximately US $1.32 billion.

The Government Superannuation Fund Authority of New Zealand reported that its catastrophe bond and catastrophe insurance-linked securities (ILS) investments delivered a 14.7% return in the year to mid-2024, one of the strongest performing investment categories in its portfolio.

The Florida State Board of Administration made good on a decision to allocate more capital to natural catastrophe insurance-linked securities (ILS) ahead of the January renewals, with an additional $70 million investment in the RenaissanceRe vehicle Tintoretto Reinsurance Partners, LP made in the fourth-quarter.

The insurance-linked securities (ILS) and reinsurance investments portfolio of Dutch pension PFZW, which is managed by pension investment firm PGGM, delivered a 15.1% return for full-year 2024, while in asset terms the allocation was a little down year-on-year but flat through the fourth-quarter.