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ILW prices surged on higher demand, lower capacity: CNR ILW fund

Industry loss warranty (ILW) pricing surged through the first-half of 2022, thanks to rising demand for ILW protection amid a constrained market for reinsurance and retrocession capacity, according to the CEO of the City National Rochdale Select Strategies Fund.

Garrett R. D’Alessandro explained that the industry-loss warranty (ILW) focused mutual insurance-linked securities (ILS) fund strategy offered by investment adviser City National Rochdale (CNR), outperformed its benchmarks through the six month period to July 31st 2022.

The ILW fund returned +0.57% for the period, outperforming the ICE Bof AML 3-month Treasury Bill Index +0.20% and the Swiss Re Cat Bond Index return of +0.16%.


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