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Rochdale ILW fund puts capital to work, grows, but Irma dents returns

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 read the full article →

Pioneer ILS Interval fund shrinks again, but gap between cost & value narrows

Amundi Pioneer Investment Management’s dedicated insurance-linked securities (ILS) mutual investment fund strategy, the Pioneer ILS Interval Fund, saw its net assets shrink by over 6% in the last quarter of record, but encouragingly the gap between the cost of its investments and their value narrowed again.The Pioneer ILS Interval Fund read the full article →

Pioneer ILS Interval fund shrinks further as losses continue to bite

In the last quarter of the record, Amundi Pioneer Investment Management’s dedicated insurance-linked securities (ILS) mutual investment fund strategy shrank further as losses and loss creep continued to dent returns and the value of ILS assets invested in.Given its broad allocation to reinsurance and retrocession, predominantly through sidecars (65.7%) and read the full article →

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 →

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 →

Pioneer ILS Interval fund shrinks as catastrophe loss development continues

Amundi Pioneer Investment Management's dedicated insurance-linked securities (ILS) mutual investment fund strategy has shrunk in the last quarter of record, as ongoing catastrophe loss development shows in its portfolio.The Pioneer ILS Interval Fund grew its total net assets to $992 million by October 31st 2018, while at the time the read the full article →

Premium income outweighs losses for Pioneer ILS Interval Fund

Asset manager Amundi Pioneer Investment Management's flagship dedicated insurance-linked securities (ILS) fund, the Pioneer ILS Interval Fund, managed a positive return of over 5% in the year to October 31st 2018, as premium income earned outweighed insured losses for the managers' ILS portfolio.The Pioneer ILS Interval Fund invests broadly across read the full article →

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 →

Amundi Pioneer hires underwriter Campbell Brown as ILS portfolio manager

Asset management giant Amundi Pioneer Investment Management has hired experienced reinsurance underwriter Campbell Brown as a portfolio manager for its range of insurance-linked securities (ILS) fund strategies.Amundi Pioneer manages somewhere around $2.3 billion of ILS and reinsurance linked investments across a range of investment strategies, including its dedicated mutual ILS 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 →