The insurance-linked securities (ILS) and reinsurance investments portfolio of Dutch pension PFZW, which is managed by pension investment firm PGGM, delivered a 15.1% return for full-year 2024, while in asset terms the allocation was a little down year-on-year but flat through the fourth-quarter.
The latest figure for assets under management, of what is the largest single investor ILS allocation in the market, ended December 2024 at around the US $8.68 billion level, which in dollar terms was roughly flat for the quarter, which is the currency most if not all allocations are made in.
In dollar terms, the PFZW ILS allocation had been valued at just over US $9 billion at the end of 2023.
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