The Florida State Board of Administration, which manages the huge and roughly $180 billion Florida Retirement System Pension Plan, looks set to increase the size of its allocation to insurance-linked securities (ILS).
The move comes as laws have been changed in Florida to allow the state retirement system, which is one of the largest pension fund managers in the world, to allocate more of its assets to alternatives.
Being one of the largest institutional investors in the world, it’s no surprise that the Florida State Board of Administration is already allocated to insurance-linked securities (ILS), for the Florida Retirement System Pension Plan.
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