COVID drove higher ILW demand. Positive trends expected for 2021: City National Rochdale

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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 insurance-linked securities (ILS) investment fund, investment manager City National Rochdale said that it sees a dynamic set of opportunities going forwards.

The City National Rochdale Select Strategies (CNRLX) is a mutual investment fund structured in the interval style, with a focus on investments in industry loss warranty (ILW) focused reinsurance and retrocession contracts across global peak peril zones as well as some regional U.S. ILW contracts, plus some investments into catastrophe bonds.

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