The Government Superannuation Fund Authority of New Zealand reported that its catastrophe bond and catastrophe insurance-linked securities (ILS) investments delivered a 14.7% return in the year to mid-2024, one of the strongest performing investment categories in its portfolio.
The Government Superannuation Fund Authority of New Zealand is an autonomous entity that manages the pension assets of state sector employees and has been investing into insurance-linked securities (ILS) for more than a decade.
It began allocating some of its assets to insurance-linked securities (ILS) in 2010, when it made a small commitment to ILS and reinsurance fund manager Nephila Capital. An allocation to Fermat Capital Management was then added in early 2013.
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