Having previously said it was researching how to expand its insurance-linked securities (ILS) allocations beyond natural catastrophe risk, at a recent meeting executives of the Florida State Board of Administration explained that specialty lines, as well as casualty and cyber risks could be in scope for the large ILS allocator.
The Florida State Board of Administration invests into insurance-linked securities (ILS) via a number of specialist ILS managers, making these allocations on behalf of the Florida Retirement System Pension Plan (FRS) portfolio, which it administers.
With some $201.7 billion in assets as of the end of 2024, the Florida Retirement System Pension Plan is one of the largest institutional investors that allocates to the ILS sector.
FULL ORIGINAL PUBLICATION HERE
