MLC adds quota shares and ups ILS to more than $726mn

01 August 2022

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Australian pension fund MLC upsized its ILS allocation as of 1 January to more than A$1bn ($726mn), owing to the continuing attraction of ILS’s diversifying characteristics, recent wider spreads and the profits the fund has made consistently from ILS every year, including 2017.

In an update for the 12 months to 31 March 2022, the investor said it added reinsurance quota share deals with all three ILS managers it allocates to and “selectively upsized” certain ILS exposures, as it highlighted the benefit...

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MLC adds quota shares and ups ILS to more than $726mn

Australian pension fund MLC upsized its ILS allocation as of 1 January to more than A$1bn ($726mn), owing to the continuing attraction of ILS’s diversifying characteristics, recent wider spreads and the profits the fund has made consistently from ILS every year, including 2017.

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MLC adds quota shares and ups ILS to more than $726mn

Australian pension fund MLC upsized its ILS allocation as of 1 January to more than A$1bn ($726mn), owing to the continuing attraction of ILS’s diversifying characteristics, recent wider spreads and the profits the fund has made consistently from ILS every year, including 2017.

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Uncover exclusive insights tailored for insurance leaders

Topics

ILS managers can differentiate on ESG factors: panel

Cyber ILS market 'yet to be tested’: panel

Sponsors routinely weigh cat bonds as part of their risk transfer strategy: panel

Jamaica’s $150mn cat bond prices at upper reach of guidance

USAA raises $125mn through Residential Re, drops zero-coupon layer