HOOPP – Benefits Canada.com

HOOPP buys shares in P&C insurance company, Caisse invests in private equity fund

Jennifer Paterson — Thu, 18 Nov 2021 20:00:19 +0000

The Healthcare of Ontario Pension Plan and Swiss Re Investments Holding Co. Ltd. are purchasing common shares in a Canadian property and casualty insurance company in its initial public offering. The gross proceeds from Definity Financial Corp.’s IPO are expected to be about $2.1 billion. The IPO is being made in connection with the conversion […]

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Net-zero transition offering opportunities for Canadian pension sector: report

bwolfe — Wed, 10 Nov 2021 13:00:28 +0000

Canada’s $4 trillion pension sector could enjoy immense commercial benefits by aligning with the transition to net-zero emissions and helping to mobilize $140 billion of low carbon investments per year, according to a new report by Corporate Knights, the Natural Step Canada and the Smart Prosperity Institute. It found Canada’s 12 largest pension fund managers […]

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Employers leveraging benefits, flexibility to prevent pandemic surge in disability claims

lbailey — Fri, 15 Oct 2021 12:56:12 +0000

During the height of the coronavirus pandemic, the Ottawa Community Housing Corp. battened down the hatches and focused on addressing any absence management issues before they occurred. Now, Cindy Newell, the company’s director of human resources, says OCH is expecting to see fewer disability leaves post-pandemic, thanks to a proactive absence and disability management strategy […]

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Institutional investors teaming up to promote net-zero economy

bwolfe — Thu, 14 Oct 2021 13:00:51 +0000

Canadian pension funds are among the institutional investors participating in Climate Engagement Canada, a new initiative to promote a net-zero economy. The initiative, which is coordinated by several investor networks, is launching with 27 institutional investors that collectively manage more than $3 trillion in assets, according to a press release. The participating pension funds include […]

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HOOPP appointing Michael Wissell as chief investment officer

Gideon Scanlon — Thu, 16 Sep 2021 13:00:49 +0000

The Healthcare of Ontario Pension Plan is appointing Michael Wissell as its chief investment officer. Prior to the new role, Wissell was the plan’s senior vice-president of capital markets and total portfolio since 2018. During his tenure, he’s credited with helping to foster a culture of innovation and for spearheading several new investment strategies. Read: HOOPP […]

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Back to basics on insurance-linked securities

bwolfe — Wed, 30 Jun 2021 12:53:03 +0000

As institutional investors seek portfolio diversification and the insurance industry seeks additional capacity amid global growth, investment strategies incorporating insurance-linked securities are providing a solution for both parties. Insurance-linked securities allow insurers to transfer some of their risk to investors. For example, in the case of catastrophe bonds, the issuer pays a coupon to an […]

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Pride Month: Institutional investors focusing on inclusivity, social factors

bwolfe — Fri, 25 Jun 2021 13:00:22 +0000

By encouraging employees to be their authentic selves at work, pension plans can make better investment decisions, says Adrian Mitchell, vice-president of public equities at the Healthcare of Ontario Pension Plan. “I think having some out LGBTQ people around demonstrates to everyone else it’s safe to be who you are. We’re going to make better […]

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Majority of Canadian workers willing to take less pay for a workplace pension plan: survey

lbailey — Fri, 18 Jun 2021 19:00:37 +0000

A majority (70 per cent) of Canadians say they’re willing to forgo a higher salary in exchange for a workplace pension plan, according to a new survey for the Healthcare of Ontario Pension Plan by Abacus Data. The survey, which polled more than 2,000 Canadian adults in April, signals an opportunity for employers to build […]

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Canada’s largest pension funds come together at inaugural climate change event

Gideon Scanlon — Wed, 16 Jun 2021 13:00:10 +0000

Representatives from eight of Canada’s largest pension funds — known as the Maple Eight — participated in the first meeting of the Sustainable Finance Action Council last week. On June 11, representatives of the Alberta Investment Management Corp., the British Columbia Investment Management Corp., the Caisse de dépôt et placement du Québec, the Canada Pension […]

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HOOPP CEO talks 2020 results, the pandemic and looking to the future

mdunne — Thu, 01 Apr 2021 17:00:13 +0000

The Healthcare of Ontario Pension Plan ended 2020 with a funded status of 119 per cent and posted a return of 11.42 per cent over the course of the year, according to a press release. That figure was lower than the 17.14 per cent return delivered in 2019, but Jeff Wendling, the plan’s president and chief […]

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