{"id":913,"date":"2024-10-15T07:00:09","date_gmt":"2024-10-15T07:00:09","guid":{"rendered":"http:\/\/bigdailysale.com\/?p=913"},"modified":"2024-10-16T18:56:30","modified_gmt":"2024-10-16T18:56:30","slug":"pggm-pfzw-ils-allocation-range-increased-for-munich-re-sidecar-leo-re","status":"publish","type":"post","link":"http:\/\/bigdailysale.com\/index.php\/2024\/10\/15\/pggm-pfzw-ils-allocation-range-increased-for-munich-re-sidecar-leo-re\/","title":{"rendered":"PGGM \/ PFZW ILS allocation range increased for Munich Re sidecar Leo Re"},"content":{"rendered":"

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The target allocation range has been increased for a Munich Re sidecar investment that features in the insurance-linked securities (ILS) portfolio managed by PGGM, the Dutch pension fund investment manager, on behalf of its end-client the Dutch pension PFZW.
\n<\/span>
\n\"pggm-pfzw-pension-investors-ils\"The client pension that funds the investments into insurance-linked securities (ILS) made by the PGGM team, PFZW, discloses target allocation ranges for each of its ILS investments and at the latest update only one of them has been adjusted.<\/p>\n

In the last disclosure made by PFZW, the pension fund\u2019s ILS portfolio was reported at EUR 7.693 billion, which at that date of June 30th 2024 was equivalent to just under US $8.24 billion<\/a>.<\/p>\n

That accounts for 3.2% of PFZW\u2019s assets at the mid-year point, which was stable with the end of 2023.<\/p>\n

Across the whole insurance-linked securities (ILS) allocation, there remains a target of between EUR 5 billion and EUR 10 billion, so it remains within this targeted range.<\/p>\n

While PFZW hopes to achieve a return of 4% above the risk free rate over a long-term investment horizon from its allocation to the ILS and reinsurance market.<\/p>\n

The company has a broad range of allocations to ILS funds, reinsurance sidecars and other joint-venture vehicles in the reinsurance market and at the latest update from PFZW there has been no change to the allocation target ranges for the following investments (as of June 30th 2024):<\/p>\n