The Florida Retirement System Pension Plan, which is administered by the Florida State Board of Administration, has new insurance-linked securities (ILS) fund allocations in its pipeline, with specialty and quota share strategies now being assessed for their suitability to add to the portfolio.
When we last covered a meeting of the Florida State Board’s Investment Advisory Council back in June, while both specialty reinsurance and quota share reinsurance were cited as potential diversification opportunities, at that time just one strategy was in the pipeline and the line of business being considered was not named.
Now, after a September meeting, the latest disclosures show that the number of reinsurance or ILS funds in the pipeline for the Florida Retirement System Pension Plan has risen to two.
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