Large Canadian institutional retirement fund, the Healthcare of Ontario Pension Plan (HOOPP), grew its allocation to insurance-linked securities (ILS) investments in 2022, with the asset class nearing 1% of its overall portfolio by the end of the year.HOOPP reported in its latest annual report, that its investment allocation into insurance-linked securities (ILS) and ILS funds grew by 35% during the last year.That was at a faster rate than the previous year, when it added 31% to the ILS portfolio.By the end of 2022, HOOPP’s ILS asset allocation had reached C$973 million (approx.

US $718.7m), up from C$721 million (approx.US $575m) at the end of 2021.The Healthcare of Ontario Pension Plan (HOOPP) started allocating to insurance-linked securities (ILS), largely via insurance-linked funds, as well as some direct investments into other reinsurance-related securities, in late 2019.

Then, come early 2020, ..At the end of 2019, HOOPP’s ILS allocation had reached roughly C$260 million in size, before 2020 saw HOOPP building on the ILS investment program, .

In 2021, HOOPP continued to steadily grow the ILS strategy, , representing growth of just over 31% in Canadian dollars.2022 saw further growth in the ILS allocation at a time when HOOPP’s overall net assets shrank somewhat.HOOPP had reported total net assets of C$114.4 billion at the end of 2021, but by the end of 2022 that had fallen to C$103.7 billion.

With the ILS allocation growing 35% to reach C$973 million in 2022, it means HOOPP ended the last year with ILS investments nearing a 1% share of its total portfolio size..Space is limited.

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