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City National Rochdale ILW fund hits $179m, shares trade higher post-Ida

The industry-loss warranty (ILW) focused mutual fund strategy offered by investment adviser City National Rochdale (CNR) increased its net assets during the last quarter of record and the share price of the exchange traded fund (ETF) has been rising over recent weeks. The fund, which is largely invested in industry-loss warranties read the full article →

Ambassador Fund is latest mutual cat bond & ILS fund launch

A new US mutual investment fund with a focus on catastrophe bonds and insurance-linked securities (ILS) is set to launch, with the Ambassador Fund, as it is named, set to continue a trend of bringing ILS investment opportunities to a wider range of investors. The Ambassador Fund will be an exchange read the full article →

Mutual ILS funds take Ida hit. Stone Ridge interval fund falls ~5%

The main mutual insurance-linked securities (ILS) and reinsurance linked mutual investment funds have experienced some declines in the wake of the recent landfall of major hurricane Ida. Hurricane Ida made landfall on August 29th in Louisiana with major 150 mph winds. The storm devastated regions of the coast, impacted New Orleans read the full article →

City National Rochdale ILW fund grows net assets 9% to $168.4m

The industry-loss warranty (ILW) focused mutual fund strategy offered by investment adviser City National Rochdale (CNR) has grown its net assets by roughly 9% during the last quarter of record. While overall net assets grew by 9%, the investments held by the fund, which are largely in industry-loss warranties (ILW's), as read the full article →

Strong ILW demand at January renewal, more expected in June: CNR

Investment adviser City National Rochdale (CNR) explained that strong demand was seen for industry-loss warranty (ILW) capacity at the January 2021 reinsurance renewals and with capacity for this market still seen as more limited, more of the same is expected for June. The adviser offers the City National Rochdale Select Strategies read the full article →

City National Rochdale ILW fund lifts assets by 13%

City National Rochdale’s largely industry loss warranty (ILW) focused mutual insurance-linked securities (ILS) investment fund increased its total net assets under management to $147.8 million by the end of October 2020, an increase of 13% in the quarter. The City National Rochdale Select Strategies (CNRLX) fund is an interval style mutual read the full article →

Nephila gets allocation from Blackstone multi-strategy fund

Nephila Capital, the largest dedicated manager of insurance and reinsurance linked securities, has been given an allocation for its sub-advisory role on one of giant asset manager Blackstone Group's multi-strategy investment funds. Nephila Capital has been a sub-advisor to the Blackstone Alternative Multi-Strategy Fund for a number of years, but hasn't read the full article →

COVID drove higher ILW demand. Positive trends expected for 2021: City National Rochdale

Demand for reinsurance and retrocessional protection in the form of industry loss warranties (ILW's) increased due to the COVID-19 pandemic and favourable market conditions are expected to persist, with a chance of higher demand again towards the end of this year, City National Rochdale has explained. Reporting on its industry loss read the full article →

City National Rochdale ILW fund grows, sees dynamic & improving returns

City National Rochdale's industry loss warranty (ILW) focused mutual insurance-linked securities (ILS) investment fund grew during the last quarter and saw "positive opportunities" at the January reinsurance renewals, with an expectation of the ILW market seeing dynamic conditions and improving returns. The City National Rochdale Select Strategies (CNRLX) is a mutual read the full article →

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 →