The New Zealand Superannuation Fund (NZ Super Fund), one of the government pension investment providers, has added to its insurance and reinsurance linked investments again in the last year, with a doubling of its allocation to investment manager Elementum Advisors, seemingly all in catastrophe bonds.
The New Zealand Superannuation Fund (NZ Super Fund) has been investing into a range of insurance and reinsurance linked assets for a number of years, with allocations to life settlements, an insurance run-off strategy, catastrophe bonds and collateralised reinsurance.
The cat bond and collateralised reinsurance investments are in two mandates with specialist insurance-linked securities (ILS) fund managers Elementum Advisors and Leadenhall Capital Partners.
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