PGGM
-
-
The recent ILS start-up was the only new mandate for 2022 after the Dutch firm had added two new mandates in 2021.
-
The segment’s lustre has been dulled by losses and capital trapping.
-
The Dutch pension adviser hopes to scale the vehicle to $2bn-$2.5bn over time, as it reported a slightly negative ILS return for 2021 and revealed Integral ILS allocation.
-
It scaled back in Europe and Japan but entered the hardening retro market.
-
The Dutch firm had given the AIG-owned platform a mandate that could range from EUR500mn to EUR1bn, covering US cat reinsurance.
-
The Dutch pension giant increased its allocation to newer reinsurer partners and the Bermudian ILS firm it has been investing with since 2009.
-
The Dutch investment house has been given a slightly higher ILS target this year, at 2.7% of total assets versus 2.5% previously.
-
The major ILS investor is pursuing more direct partnerships, PGGM senior investment director Eveline Takken-Somers told this publication.
-
With a target range of up to EUR100mn ($108.3mn), the PartnerRe stake is one of the fund’s smaller ILS allocations.
-
The reinsurer joins a large panel of providers for the Dutch firm as it has been growing its third-party assets.
-
Youssef Sfaif has worked at the Dutch pension fund since 2017 and was most recently an associate director.
-
The Zeist, Netherlands-based organisation has brought two new reinsurance partners on board for 2020.
-
The vehicle sits alongside Munich Re's more broadly placed Eden Re sidecar.
-
Winners were recognised at the 11th Trading Risk Awards ceremony, held in London last night.
-
PGGM senior investment director Eveline Takken-Somers was named the outstanding contributor of the year at the Trading Risk Awards held in London last night.
-
Experts at Trading Risk’s London ILS Conference gave a mixed report on investor appetite and opportunities in the sector.
-
The Munich Re vehicle funded by Dutch pension fund service provider PGGM has reached $400mn for 2019.
-
The ILS investor says 7 percent annual returns have made the asset class an attractive opportunity for the fund.
Most Recent
-
Beazley to offer additional follow capacity via Ki
28 March 2024 -
Brit returns $20.8mn to third-party investors in 2023
27 March 2024