Rest Super, one of the Australian superannuation funds that has around 2 million members and $100 billion in funds under management, has grown its insurance-linked securities (ILS) allocation to catastrophe bonds through ILS manager Twelve Securis over the last year to around US $242 million.
Rest Super began allocating to the ILS asset class through natural catastrophe exposed insurance-linked securities a few years ago.
As we reported in September 2024, Rest Super’s ILS investments were understood to be with specialist investment manager Twelve Securis, with the allocations to a catastrophe bond strategy under its management.
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