The transaction covered a portfolio of $250mn in casualty risk premiums.

The pension fund is seeking a strategy with “low or negative correlation to public equity”.

The firm has moved to defend its plans against a rival strategy supported by a small group of investors.

The investment firm’s ILS holdings were worth around $746mn at year-end 2022.

The UK asset manager’s ILS strategy is operating across six of its multi-asset funds.

The manager has gained increments from existing investors and inflows from new ones.

At Trading Risk’s annual ILS conference, Lloyd’s CFO Burkhard Keese explained how the Corporation is working with the market to attract investors to participate in risk transfer across the Lloyd’s market.

The firm identified market inefficiencies in its analysis of loss data.

The AP2 fund noted currency-hedging effects, turbulent financial markets and Hurricane Ian as factors in its alternatives segment loss for the 2022 year.

The alternatives manager acquired retirement services firm Athene in January, ahead of its $2bn ADIP sidecar raise.

The securitised reinsurance tokens require a minimum investment of $20,000 in the US and $2,500 outside of the US.

The Indiana Public Retirement System has in past years allocated to Aeolus several times, as well as to HSCM Bermuda and Nephila’s Palmetto Catastrophe Fund.