Healthcare of Ontario Pension Plan (HOOPP) grows ILS 39% in 2024 to US $1.32bn
The Healthcare of Ontario Pension Plan (HOOPP), a large Canadian institutional retirement fund, has expanded its investment allocation to insurance-linked securities (ILS) by approximately 39% in 2024, lifting its investments in the ILS market to approximately US $1.32 billion. The $123 billion pension fund has been allocating to insurance-linked securities (ILS), including catastrophe bonds and […]
Hannover Re shares €364m in losses with ILS in full-year 2024, €346m in Q4 alone
Global reinsurance company Hannover Re shared a much larger proportion of its large natural catastrophe losses with insurance-linked securities (ILS) capital sources in the final quarter of 2024, as the company ceded out more than half of its losses from hurricane Milton, with retrocessional arrangements seemingly playing a key role. Hannover Re reported its full-year […]
