Pension fund MLC comfortable with ‘hairball risk’ of ILS alternatives
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Pension fund MLC comfortable with ‘hairball risk’ of ILS alternatives

Liz Bury
30 November 2021
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Stunning wide angle aerial drone view of the Sydney Harbour with the Opera House, a cruise ship and many skyscrapers in the background. Taken near the suburb of Kirribilli. New South Wales, Australia.

Australian pension fund MLC made a 4.8% return from its ~$700mn ILS portfolio in the 12 months to 30 September, despite some exposure to Hurricane Ida and European flood losses.

MLC’s latest investment update showed a 0.9% return from its ILS strategy for the quarter to 30 September.

The pension fund said it was discussing with its two reinsurance managers “early opportunities to adjust and fine tune their portfolios” into...

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