More Australian pension super funds have begun allocating to insurance-linked securities (ILS), according to Bloomberg, as the publisher names Rest Super and Host Plus as allocating to the space. Artemis has learned that Rest Super has invested with manager Twelve Capital for catastrophe bonds.
Rest Super is a pension and retirement super fund with around A$80 billion in assets (US $54 billion) under management.
Bloomberg said that Reset Super has allocated A$200 million over the last two years into natural catastrophe exposed insurance-linked securities (ILS).
We’ve learned that Rest Super has an allocation to a fund strategy managed by Zurich-headquartered specialist Twelve Capital, with this focused on accessing returns from the catastrophe bond market.
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