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

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 read the full article →

PERILS acquires Canadian loss & exposure data firm CatIQ

PERILS AG, the Zurich headquartered provider of catastrophe loss data and indices, has announced that it has acquired Canadian loss and exposure data firm Catastrophe Indices & Quantification Inc. (CatIQ).Toronto based CatIQ provides catastrophe loss and exposure information in Canada, collecting event loss and exposure data from most of the read the full article →

Bermuda’s first insurance regulatory sandbox licence goes to Akinova

The Bermuda Monetary Authority (BMA) has authorised the first licence for its insurance regulatory sandbox, giving it to Akinova, the start-up aiming to launch a marketplace for the transfer and trading of insurance or reinsurance risks.Insurance technology (insurtech) start-up Akinova has already been registered an entity in Bermuda, AkinovA (Bermuda) read the full article →

ILW market dynamics offer attractive investment potential

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 read the full article →

SCOR’s results confirm Japanese typhoon loss creep trend from Jebi & Trami

Results announced this morning by global reinsurance firm SCOR confirm the loss creep trend we're expecting to see from Japanese typhoons Jebi and Trami, as the company revealed a EUR 53 million hit to profits.Yesterday, Bermudian insurance and reinsurance firm AXIS Capital revealed a $30 million Japan typhoon loss creep read the full article →

Hurricane Michael upgraded to first U.S. Cat 5 landfall since Andrew

Hurricane Michael's wind speeds at landfall in Florida have been upgraded by the U.S. NOAA’s National Hurricane Center scientists in their final tropical cyclone report, now estimating them as having reached Category 5 at 160 mph.This means hurricane Michael, which slammed into the Florida Panhandle region in October 2018, has read the full article →

Rob Procter added to risk trading start-up Akinova’s advisory board

Rob Procter, the co-founder of Securis Investment Partners, the independent London-headquartered insurance and reinsurance linked investment manager, has been assigned to the advisory board of Akinova, having also made an investment in the start-up.Procter co-founded Securis back in 2005, with the company now one of the largest ILS and reinsurance read the full article →

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

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 read the full article →

ILW payouts on the cards after typhoon Jebi loss estimate rises

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 read the full article →

ILW prices rise for Florida wind triggers as renewal approaches

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 read the full article →