Markel ILS revenues fall by 10% year on year
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Markel ILS revenues fall by 10% year on year

nephila london.jpg

Markel reported a 10% year-on-year drop in ILS operating revenues to $20.8mn for the quarter, due to the disposition of managing general agent Volante in October 2022 and lower fee revenues.

Nephila assets under management (AuM) stood at $7.2bn as of 30 June, level with the figure reported by parent Markel as of the end of Q1, as previously reported in our half-year AuM survey.

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