pension fund

Vermeer Reinsurance Ltd., the joint-venture and rated underwriting vehicle that is managed by RenaissanceRe and capitalised by Netherlands-based pension investor PGGM, expanded its balance-sheet to $1.3 billion in 2021, as the investor added a small amount to its commitment during the year on behalf of Dutch pension PFZW.

Integral ILS Ltd., the insurance-linked securities (ILS) investment fund manager launched by well-known industry executives Richard Lowther and Lixin Zeng, has taken its assets under management higher with recent fundraising, lifting investor commitments to just over $1.4 billion and capital deployed to $1.1 billion.

Swiss Re continued to expand its alternative reinsurance capital assets under management across the range of insurance-linked securities (ILS) structures it manages for 2022, with notable successes in growing sidecar commitments for its PGGM-backed vehicle and its multi-investor Sector Re sidecar.

Global reinsurance firm Swiss Re developed its 1863 insurance-linked securities (ILS) fund platform to be “investor friendly” and has attempted to address some of the “structural inefficiencies” often seen in ILS products, according to Martin Bisping, CEO of the reinsurers’ Swiss Re Insurance-Linked Investment Management Ltd (SRILIM) unit.

Alecta, which is the largest pension fund in Sweden, intends to take a long-term view on the insurance-linked securities (ILS) sector and according to a report is planning to make further investments into reinsurance related risks through ILS strategies.

Swedish pension fund Alecta has allocated US $200 million to invest in reinsurance firm SCOR’s new sidecar structure, a Atlas Gotland Worldwide Catastrophe Sidecar which is part of newly formed SPI Atlas Re Limited.

Global reinsurance firm Swiss Re, through its specialist insurance-linked securities (ILS) fund management unit Swiss Re Insurance-Linked Investment Management Ltd (SRILIM), has secured a US $250 million investment into its 1863 ILS fund platform from the largest Swedish private pension Alecta.

Investors in Swiss Re’s collateralised reinsurance sidecars were likely relieved when they saw the reinsurers loss picks for hurricane Ida and other recent catastrophe events, according to CFO John Dacey.

Investment consultants continue to demonstrate the influence they have over institutional allocations to insurance-linked securities (ILS), as Aon Hewitt has now advised the Arkansas Teacher Retirement System to wind-down an allocation to an Aeolus Capital Management fund.

A new study of institutional investors from around the world by global asset management group Schroders has found that 10% of respondents plan to increase their allocations to insurance-linked securities (ILS) over the next year.