FULL ORIGINAL PUBLICATION HERE City National Rochdale’s largely industry loss warranty (ILW) focused mutual insurance-linked securities (ILS) investment fund increased its total net assets under management to $147.8 million by the end of October 2020, an increase of 13% in the quarter. The City National Rochdale Select Strategies (CNRLX) fund is an interval style mutual […]

PDF VERSION AVAILABLE HERE. FULL REPORT CAN BE DOWLOADED FOR FREE HERE. Investing in private markets remains a prevalent strategy for institutional asset owners, and one that has demonstrated resilience even through the duration of the first quarter of this year as the Covid-19 pandemic spread across the globe. This is not to say private […]

FULL ORIGINAL PUBLICATION HERE Turker Re, a Lloyd’s broker with a significant insurance and reinsurance broking footprint in the Turkish marketplace and surrounding region, has launched a new product offering of a Turkey earthquake industry loss warranty (ILW) as the first under a new Capital Solutions unit. The broker hopes to create a new market […]

COVID drove higher ILW demand. Positive trends expected for 2021: City National Rochdale

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FULL ORIGINAL PUBLICATION HERE Demand for reinsurance and retrocessional protection in the form of industry loss warranties (ILW’s) increased due to the COVID-19 pandemic and favourable market conditions are expected to persist, with a chance of higher demand again towards the end of this year, City National Rochdale has explained. Reporting on its industry loss […]

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 […]