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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 →

Little growth at City National Rochdale ILW focused mutual fund

There has been little in the way of assets under management growth at the industry loss warranty (ILW) focused mutual insurance-linked securities (ILS) fund, the City National Rochdale Select Strategies Fund (CNRLX), in the latest quarter.The City National Rochdale Select Strategies Fund, an interval structured mutual ILS and reinsurance linked read the full article →

Net assets rise for City National Rochdale ILS fund, but portfolio doesn’t

Total net assets appear to have risen at industry loss warranty (ILW) focused mutual insurance-linked securities (ILS) fund the City National Rochdale Select Strategies Fund (CNRLX) in the last quarterly report, but at the same time the value of investments in the portfolio was almost static.The City National Rochdale Select read the full article →

Lower Irma estimate helped City National Rochdale ILS fund recover

A lower than expected industry loss from hurricane Irma helped the industry loss warranty (ILW) focused mutual insurance-linked securities (ILS) fund, the City National Rochdale Select Strategies Fund (CNRLX), recover much of its wind ILW losses, as positions moved from being considered a loss to untouched.The 2017 hurricane season caused read the full article →

City National Rochdale ILS fund drops 22% on hurricanes

The City National Rochdale Select Strategies Fund (CNRLX), an industry loss warranty (ILW) focused mutual insurance-linked securities (ILS) fund run by Royal Bank of Canada subsidiary City National Rochdale, LLC, saw the value of its investments decline 22% due to the major hurricanes that hit the United States.The asset manager read the full article →

City National Rochdale ILS fund hits $15m, targets broader ILS allocation

In just the first few days of operation of its ILW focused mutual insurance-linked securities (ILS) fund, Royal Bank of Canada subsidiary City National Rochdale, LLC raised over $15 million, its first report suggests. The asset manager is also set to target reinsurance linked investments and ILS for its other read the full article →

City National Rochdale begins marketing mutual ILS fund

The City National Rochdale Select Strategies Fund (CNRLX), an industry loss warranty (ILW) focused ILS mutual fund has opened for commitments, as Royal Bank of Canada subsidiary City National Rochdale, LLC, part of City National Bank, has now started to market the fund to investors.As we've covered before, the City read the full article →

Cartesian to grow investor base with Lux & mutual funds, listed shares

Cartesian Re, the reinsurance and ILW focused investment management unit sponsored by global private equity investment firm Cartesian Capital Group, LLC, is expanding its access to investors using a multi-pronged approach including a new Luxembourg domiciled fund, a U.S. mutual fund and a Bermuda listed vehicle.Cartesian Re largely underwrites industry read the full article →

Rochdale mutual ILS fund to target $500m, strategy details revealed

In its first two years of operation, the City National Rochdale Select Strategies Fund which has been launched as a U.S. 1940's Act mutual insurance and reinsurance linked securities fund by a subsidiary of the Royal Bank of Canada, will target raising ILS assets under management of $500 million in read the full article →