Markel ILS unit Nephila suffers 7.7% further cut to AuM, forcing write-down

02-02-2023

Markel ILS unit Nephila suffers 7.7% further cut to AuM, forcing write-down

Markel's key insurance-linked securities (ILS) vehicle Nephila suffered a 7.7% or ca $600 million decline in assets under management (AuM) in the fourth quarter of 2022 to $7.2 billion, with Markel blaming continued investor jitters.


Alternative Risk Transfer, ILS, Markel, Nephila, Asset under management, Global

Intelligent Insurer