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 private reinsurance opportunities, since late 2019.
The ILS allocations are made via dedicated ILS manager strategies, as well as some direct reinsurance arrangements, we understand.
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