City National Rochdale mutual ILW fund delivers 15.6% return
The City National Rochdale Select Strategies Fund, a US mutual insurance-linked securities (ILS) fund focused on investments into industry-loss warranties (ILW’s) and industry-index trigger catastrophe bonds, delivered its strongest annual performance in the last year, with an almost 15.6% return to its investors. With a now six year track record for this fund, Kurt Hawkesworth, […]
ILW market activity rising, as preparations for hurricane season begin
According to Artemis’ sources, activity in the industry-loss warranty (ILW) market has increased in the last few weeks, as reinsurance and insurance-linked securities (ILS) markets prepare for what is anticipated to be an active 2024 Atlantic hurricane season. As we’ve reported, long-range seasonal forecasts for Atlantic hurricanes have suggested a challenging storm season could be ahead. […]
Our Programme was shortlisted for the AXCO’s Global Insurance Awards’24
Phoenix CRetro is delighted to be shortlisted for the Axco Global Insurance Awards in the Best Training Initiative in Global Risk category. Now its 2nd year, the Axco Global Insurance Awards celebrate the outstanding achievements, innovation and collaboration of the insurance ecosystem managing complex global risk. Following a thorough judging process, Phoenix CRetro was shortlisted, […]
Jireh Connect facilitates first industry loss warranty (ILW) placement
Jireh Connect, a technology platform that targets helping brokers place risk more efficiently with reinsurance and risk capital providers and manage the process more effectively, has announced the completion of its first placement, an industry loss warranty (ILW). Jireh Connect has been launched by well-known Bermuda-based insurance-linked securities (ILS) market executive Sal Tucci. Last year, Tucci […]
City National Rochdale mutual ILW fund grows further to $218m
The City National Rochdale Select Strategies Fund, a US mutual insurance-linked securities (ILS) fund focused on investments into industry-loss warranties (ILW’s) and industry-index trigger catastrophe bonds, has continued to grow, to reach almost $218 million as of October 31st 2023. Investment adviser City National Rochdale (CNR) offers an industry-loss warranty (ILW) and industry-index trigger focused […]
ILW customisability key to fund positioning, but demand declines slightly: CNR CEO
The ability to customise industry-loss warranties (ILW’s) is seen as a key trait in the reinsurance-linked asset that assists in the portfolio construction process, but demand for ILW protection has fallen slightly among reinsurers, according to the CEO of the City National Rochdale Select Strategies Fund. The slight decline in demand for industry-loss warranty (ILW) […]
ILS Asia 2023: Education still critical in relatively untapped region
Yesterday’s Artemis ILS Asia 2023 conference marked our first in-person return to Singapore and the Asian region since 2019 and while there are marked differences in the conversation surrounding insurance-linked securities (ILS) and the use of reinsurance capital, it is clear the region remains relatively untapped, on both an investment and risk basis. It has been […]
Resolute and Nayms partner on crypto-denominated industry loss warranty (ILW)
Resolute Global Partners, the insurance and reinsurance linked asset manager, has partnered with insurtech Nayms to bring to market the first industry loss warranty (ILW) to be denominated in a cryptocurrency. Nayms, which operates a regulated Bermuda based marketplace for crypto insurance, said the crypto-denominated industry loss warranty (ILW) was issued through a segregated account […]
ILW fund’s defensive positioning for 2022 hurricane season paid off: CNR CEO
Adopting a defensive position, with respect to the 2022 hurricane season, has paid off for an industry loss warranty (ILW) focused investment strategy, according to the CEO of the City National Rochdale Select Strategies Fund. The industry-loss warranty (ILW) focused mutual insurance-linked securities (ILS) fund strategy offered by investment adviser City National Rochdale (CNR) delivered […]
Industry loss warranty (ILW) rates-on-line soften from highs
The industry loss warranty (ILW) market has softened somewhat, seemingly in-line with the catastrophe bond market, with what were record high ILW rates-on-line now coming in on average roughly 12% lower for the second-quarter of 2022, according to our sources. We’ve updated our industry-loss warranty (ILW) pricing data set using insights gathered from a range of […]
