| Australia's A$117bn sovereign wealth fund has hired ILS specialist manager Elementum Advisors to manage a reinsurance portfolio on its behalf.
The Future Fund declined to disclose the size of the mandate allocated to Elementum, but said that the portfolio had the flexibility to invest in collateralised reinsurance as well as catastrophe bonds. "We will continue to engage with the (re)insurance sector while remaining cautious about the pricing environment," a spokesman said...............................................Full Article: Source
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