Philippines gets $80m from World Bank CAT-DDO, with more expected
The government of the Philippines has drawn $80 million to help in the recovery from super typhoon Rai (Odette) from the World Bank supported catastrophe contingent line-of-credit it has in place through a Catastrophe-Deferred Drawdown Option arrangement, dubbed the CAT-DDO 4. As we reported more than one week ago, the Philippines had put the World […]
City National Rochdale ILW fund grows another 7% to $191m
The industry-loss warranty (ILW) focused mutual insurance-linked securities (ILS) fund strategy offered by investment adviser City National Rochdale (CNR) has continued to grow in the last quarter of record, adding a further 7% to reach over $191 million in assets. The City National Rochdale Select Strategies (CNRLX) fund is an interval style mutual fund that […]
