Cartesian Iris

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.

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 its first two years of […]

City National Rochdale, LLC’s insurance-linked securities (ILS) and reinsurance linked investment mutual fund is set for launch by the investment advisor. The City National Rochdale Select Strategies Fund expects to invest a significant proportion of its assets in Cartesian’s Iris Re vehicle.

Bermuda-based Iris Reinsurance Ltd., an index and parametric focused third-party capitalised collateralised insurance and reinsurance company, is to report its modelled net asset value on a regular basis as its manager Cartesian Re opts for transparency in ILS.

Iris Re, an industry loss warranty (ILW) and parametric focused collateralised insurance and reinsurance company, has issued a new class of shares and listed them on the Bermuda Stock Exchange (BSX), as a mechanism to enable new investors to participate in its returns.

Cartesian Re, a New York and Bermuda based reinsurance-linked asset management firm formerly known as Cartesian Iris, is to part ways with its ILS venture partner, Aspen Insurance Holdings. Cartesian Re will continue its industry-loss warranty (ILW) focused asset management strategy while Aspen will focus on its own capital markets unit.