Markel’s ILS unit Nephila will face AuM flow and earnings pressures
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Markel’s insurance-linked securities (ILS) unit Nephila suffered an 8.2% decline in assets under management (AuM) to $7.8 billion to end-Q3, a loss management put chiefly to the impact of Hurricane Ian.
Markel, Nephila, Reinsurance, ILS, Third-Party Capital, Risk Transfer, Asset Management, Hurricane Ian, Bermuda