Vicsuper is looking for a new executive manager of investments, following the recent resignation of Alan Lazarus.
A spokesperson for the $4.2 billion fund said Lazarus, who was promoted from an investment strategy role in March 2005 to replace John Fazio, had resigned in order to help his wife with business interests. The spokesperson said a process was in train to replace Lazarus.
The brunt of losses from the LA wildfires are expected to be borne by primary insurers and high-risk reinsurance programs, but super funds are nevertheless closely monitoring the possible impact of the fires on catastrophe bond and insurance-linked securities exposures.
Simon HoyleJanuary 17, 2025
