Colonial First State, one of the largest Australian institutional investors, is looking to deploy some of its near US $100 billion of assets into the catastrophe bond market, according to a report from Bloomberg.
Interest in insurance-linked securities (ILS) has been on the rise again among Australian pensions and managers of superannuation funds in recent years.
As a result, ILS managers have been benefiting from increased inflows from Australian institutional investors and Colonial First State is another allocator that has the potential to bring more capital to the reinsurance market.
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