The allocation to the insurance-linked securities (ILS) asset class by the City of Zurich Pension Fund has continued to expand, reaching approximately US $960 million by the end of March 2024, with mandates now with eight investment managers across life and P&C reinsurance investments.
The City of Zurich Pension Fund remains very close to target in the weighting of its allocation to the ILS asset class.
The pension has a target range of between 1.5% and 7% for its allocation to insurance-linked securities (ILS), but sees 4% as the optimal.
As of the end of March 2024, the City of Zurich Pension Fund ILS allocation was standing at 4.1% of its overall assets, so very close to the optimal target.
FULL ORIGINAL PUBLICATION HERE
