ILW demand rising, prices could soar for Japanese wind triggers

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FULL ORIGINAL PUBLICATION HERE Indicative pricing for Japanese wind exposed industry-loss warranty (ILW) backed retrocessional reinsurance protection have risen significantly in response to the now consecutive years of heavy Japan typhoon losses, as well as nervousness over where current loss estimates will be finalised. At the same time, we’re told demand for ILW capacity covering […]

Rochdale ILW fund puts capital to work, grows, but Irma dents returns

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FULL ORIGINAL PUBLICATION HERE Industry loss warranty (ILW) focused mutual insurance-linked securities (ILS) investment fund City National Rochdale Select Strategies (CNRLX), grew its net assets by 13% in the quarter to July 31st, but also saw fresh losses on two positions as hurricane Irma continued to develop. The City National Rochdale Select Strategies Fund is […]

Rochdale ILW mutual fund continues net asset growth, rising 42%

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FULL ORIGINAL PUBLICATION HERE City National Rochdale Select Strategies (CNRLX), an industry loss warranty (ILW) focused mutual insurance-linked securities (ILS) investment fund, has continued to steadily grow its assets during its last reported quarter, although some loss impacts remain visible in the fund portfolio. The City National Rochdale Select Strategies Fund ($CNRLX) ILW focused reinsurance […]

Climate change a factor in U.S. east coast hurricane threat: Researchers

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FULL ORIGINAL PUBLICATION HERE Climate change is a factor in the intensity of hurricanes that threaten to strike the east coast of the United States, according to researchers who say that CO2 and greenhouse gases are helping to diminish the wind shear that can act as a barrier to storms. Wind shear along the U.S. […]

First PCS triggered Japan ILW brokered by Willis Re

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FULL ORIGINAL PUBLICATION HERE Property Claim Services (PCS) industry loss data aggregation and index reporting services for non-marine catastrophe losses in Japan has already been used for an industry loss warranty (ILW). We’ve learned that reinsurance broker Willis Re has become the first to structure and trade an industry loss triggered retrocessional risk transfer instrument […]

ILW market dynamics offer attractive investment potential

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FULL ORIGINAL PUBLICATION HERE The industry loss warranty (ILW) market offers an attractive investment opportunity at this point in time, as market dynamics have reduced available capacity, meaning fewer coverage providers exist right now and ILW returns are on the rise. Those ILS markets for which ILWs and other index-linked reinsurance and retrocession products are […]

Rochdale ILW mutual fund in 6.6% return, says ILW market “compelling”

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ORIGINAL PUBLICATION HERE The City National Rochdale Select Strategies Fund (CNRLX), an industry loss warranty (ILW) focused mutual insurance-linked securities (ILS) investment fund, managed a 6.6% annual return in the year to Jan 31st 2019, while its assets under management increased in the last quarter as well. Given the focus of the City National Rochdale […]

Alternative capital now 4% of $2 trillion non-life insurance market: Swiss Re

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ORIGINAL PUBLICATION HERE Alternative sources of capital now contributes at least 4% of the global non-life insurance and reinsurance market’s roughly U.S. $2 trillion capital base, according to Swiss Re. The reinsurance firm puts the overall non-life global insurance capital base at $2 trillion, 80% (or $1.6 trillion) of which comes from primary insurers, 16% […]

ILW payouts on the cards after typhoon Jebi loss estimate rises

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ORIGINAL PUBLICATION HERE Typhoon Jebi has already become the loss creep story of 2019 so far, but it’s set to become an even higher profile case as a rising industry loss estimate for the storm means it’s now expected that a number of industry loss warranty (ILW) contracts will payout. We understand that one of […]

ILW prices rise for Florida wind triggers as renewal approaches

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ORIGINAL PUBLICATION HERE Indicative pricing for certain types of industry-loss warranty (ILW) backed retrocessional reinsurance protection has been on the rise, with Florida wind and as a result U.S. all natural perils seeing the largest increases of in advance of the mid-year renewals. In 2019 there has been a scarcity of capacity for certain retrocessional […]