Florida SBA commits to 1% ILS allocation; considers increased cat bond exposure

26 October 2023

The Florida State Board of Administration (SBA) has agreed to increase the ILS allocation of its Florida Retirement System pension fund to 1% and is considering increasing its cat bond exposure, following a meeting of trustee members.

ILS investments as of June this year contributed 0.4% of the fund's total $188.7bn size, meaning ILS allocations should rise to around $1.8bn

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