The City of Zurich Pension Fund has continued to expand its activities as an investor in insurance-linked securities (ILS), growing the size of its investment to now in excess of US $1.15 billion, while adding new allocations to ILS managers Integral ILS and Tangency Capital in the last year.
When we last reported on the City of Zurich Pension Fund one year ago, its allocation to the insurance-linked securities (ILS) sector, which spans catastrophe bonds, private reinsurance and life settlements, was around US $960 million by the end of March 2024.
At the time, the Zurich Pension Fund (or Pensionskasse Stadt Zürich) had mandates in place with eight investment managers across life and P&C reinsurance investments.
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