The Australian sovereign wealth fund first allocated to the ILS manager in 2016.

This latest funding round brings total committed capital for the collateralized reinsurer to $75mn.

The firm’s follow-only Syndicate 2358 has grown its stamp by 67% to £150mn.

Research by Kepler Absolute Hedge showed that seven out of the 10 best-performing alt credit funds were cat bond strategies.

The fund’s allocation to ILS decreased for the first time in three years.

As of year-end 2022, the fund’s largest ILS allocation was in a RenRe fund.

The fund has been adapting its investment strategy in light of inflation and rising interest rates.

Stress-test numbers were increased to 112, including scenarios of losses in multiple years, up from 105.

The fund is on course for its strongest year of returns since inception in 2014.

The IOP will be integrated into the Open Protocol reporting template.

The Middle Eastern investor had built up a billion-dollar portfolio, but personnel turnover has ultimately driven it to reverse course.

Ambassador was set up in 2021 with Embassy Asset Management the named investment adviser.

Interest income also boosted the results, with net assets of $9mn rising to $10.8mn by the half-year point.

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.