The Healthcare of Ontario Pension Plan (HOOPP), a large Canadian institutional retirement fund, has expanded its investment allocation to insurance-linked securities (ILS) by roughly 31% in 2021, taking it to C$721 million (approx. US $575m).
The Healthcare of Ontario Pension Plan (HOOPP) began investing into insurance-linked securities (ILS), largely via insurance-linked funds as well as some other reinsurance related securities, in late 2019.
In early 2020, HOOPP employed Bernard Van der Stichele, an experienced ILS and reinsurance sector executive, as a Portfolio Manager for the new Insurance-linked Securities investment allocation.
FULL ORIGINAL PUBLICATION HERE