Peak Re: Bridging the protection gap in emerging markets
Large and getting larger: Emerging Asia’s protection gaps The prevalence of under-insurance and non-insurance in emerging markets is well-documented.[1] The proverbial protection gap persists across different risks, from property to health and mortality, variously also extending to include longevity and liability. There are many reasons underpinning the large protection gap and low insurance penetration in emerging […]
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 $147.8 million by the end of October 2020, an increase of 13% in the quarter. The City National Rochdale Select Strategies (CNRLX) fund is an interval style mutual fund with a focus […]
COVID drove higher ILW demand. Positive trends expected for 2021: City National Rochdale
Demand for reinsurance and retrocessional protection in the form of industry loss warranties (ILW’s) increased due to the COVID-19 pandemic and favourable market conditions are expected to persist, with a chance of higher demand again towards the end of this year, City National Rochdale has explained. Reporting on its industry loss warranty (ILW) focused mutual […]
City National Rochdale ILW fund grows, sees dynamic & improving returns
City National Rochdale’s industry loss warranty (ILW) focused mutual insurance-linked securities (ILS) investment fund grew during the last quarter and saw “positive opportunities” at the January reinsurance renewals, with an expectation of the ILW market seeing dynamic conditions and improving returns. The City National Rochdale Select Strategies (CNRLX) is a mutual fund structured in the […]
Rochdale ILW fund puts capital to work, grows, but Irma dents returns
Industry loss warranty (ILW) focused mutual insurance-linked securities (ILS) investment fund City National Rochdale Select Strategies (CNRLX), grew its net assets by 13% in the quarter to July 31st, but also saw fresh losses on two positions as hurricane Irma continued to develop. The City National Rochdale Select Strategies Fund is a largely industry loss […]
Rochdale ILW mutual fund continues net asset growth, rising 42%
City National Rochdale Select Strategies (CNRLX), an industry loss warranty (ILW) focused mutual insurance-linked securities (ILS) investment fund, has continued to steadily grow its assets during its last reported quarter, although some loss impacts remain visible in the fund portfolio. The City National Rochdale Select Strategies Fund ($CNRLX) ILW focused reinsurance and retrocession investment strategy […]
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 Rochdale Select Strategies Fund […]
Using Parametric Insurance to Address Rapid Post-Disaster Financing
Introduction The Philippines is a disaster-prone country as it is located on the Pacific Ring of Fire and within the Western North Pacific basin, one of the basins where tropical cyclones are formed. Catastrophic typhoons like Haiyan (Yolanda) in 2013, Bopha (Pablo) in 2012, and Ketsana (Ondoy) in 2009, and earthquakes like the Bohol and […]
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 Select Strategies Fund ($CNRLX) […]
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 assets fund run by […]