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City National Rochdale ILW mutual fund grows as losses settled

Industry loss warranty (ILW) investment focused mutual insurance-linked securities (ILS) fund, the City National Rochdale Select Strategies Fund (CNRLX), has grown in its last reported quarter while at the same time losses from the prior year appear to have been largely settled.When we last reported on the City National Rochdale read the full article →

ILS will enhance institutional client portfolios: Neuberger Berman

The addition of insurance-linked securities (ILS) investment expertise, through the recently announced acquisition of the Cartesian Re ILS operations, is expected to "enhance" the institutional client portfolios offered by asset manager Neuberger Berman Group.Neuberger Berman, a private asset manager with around $315 billion of assets, announced that it has acquired read the full article →

Cartesian Re & Iris Re acquired by Neuberger Berman Group

The insurance-linked securities (ILS) and collateralized reinsurance investment management entities of the Cartesian Capital Group have been sold to investment manager Neuberger Berman Group.Cartesian Re, the ILS asset management unit of Cartesian Capital, and the units reinsurance and segregated accounts vehicle Iris Re have both been sold to Neuberger Berman, read the full article →