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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 →

Neuberger Berman ILS raised $19.23m from recent NB Re share issuance

Neuberger Berman's Insurance-Linked Strategies team raised a total of $19.23 million from the recent listed share issuance from its NB Reinsurance Ltd. Bermuda domiciled Class 3 reinsurance vehicle.As we reported yesterday, NB Reinsurance Ltd., which is operated by global asset manager Neuberger Berman’s insurance-linked securities (ILS) unit, completed a new read the full article →

Neuberger Berman in new NB Re share issuance, likely to support capital raise

The NB Reinsurance Ltd., the Class 3 reinsurer of global asset manager Neuberger Berman's insurance-linked securities (ILS) operations, has completed a new issuance of shares which are likely to support new capital raising activities.The Bermuda domiciled reinsurance vehicle NB Reinsurance Ltd. was first launched in 2009 as Iris Reinsurance Ltd., 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 →

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 →

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 →